Chinese company files for $100M IPO In U.S.
Chinese pet services provider New Ruipeng Pet Group has filed for a $100M US initial public offering. New Ruipeng didn’t specify in its filing how many American Depositary Shares it intends to offer or the price, but indicated in its filing fee schedule that it was seeking to raise $100M, a number that is likely a placeholder and subject to change. The company has applied to list its shares on Nasdaq under the symbol RPET. Bookrunners include Morgan Stanley, Credit Suisse, CICC and UBS Investment Bank. Source: https://seekingalpha.com/news/3926960-chinese-pet-services-platform-new-ruipeng-files-for-100m-us-ipo
After slowdown, analysts see a rebound in IPO and M&A
After startup exit activity took a nose dive in 2022 amid inflation, rising interest rates, and other macroeconomic forces, some tech analysts are predicting public listing and acquisitions to pick up in the latter half of this year. The proceeds from Nasdaq and NYSE IPOs – the amount a company fundraises from selling their shares […]