Nextracker, Hesai – Warming Up The IPO Market
Two new tech listings-autonomous vehicle sensors specialist Hesai Technology and solar technology company Nextracker-saw their stocks rise by double-digit percentages after debuting Thursday. Since 2021 there has been an IPO freeze for companies wishing to go public on US exchanges, driven by an unstable market that closed off the critical exit strategy. Hesai made the […]
Solar firm shares bring warmth to chilly IPO market
Shares of solar-tracking business Nextracker Inc soared 26% in their U.S. market debut on Thursday, suggesting that the IPO market was showing signs of emerging from a prolonged freeze. Fremont, California-based Nextracker, a unit of Singapore’s Flex Ltd, saw its stock open at $30.31, above the company’s upsized initial public offering price of $24 a […]
Brera Holdings PLC Celebrates $7.5M IPO By Ringing Closing Bell at Nasdaq
Brera Holdings PLC, owner of Brera Football Club, announced that its Chief Executive Officer, Sergio Scalpelli, will ring the closing bell of The Nasdaq Stock Market on Thursday, February 9, 2023, at 4:00 p.m. ET to commemorate the Company’s recent $7,500,000 initial public offering and Nasdaq listing of its Class B Ordinary Shares. Brera Holdings […]
Ionos Shares Fall Due To Soft IPO Market
Shares in United Internet AG’s web hosting arm Ionos SE dropped following the company’s debut on the Frankfurt Stock Exchange, the first test of the German exchange this year. Ionos fell to €18.14 at 9:20 a.m. in Frankfurt. That’s compared to a 0.8% gain in the Stoxx Europe 600 Index. That’s about half of what Ionos had originally targeted. Globally, the number of listings last year fell by almost half, according to data compiled by Bloomberg. The company, whose publicly traded peers include GoDaddy Inc. and Squarespace Inc., focuses on small and medium-sized enterprises in Europe and North America. Ionos also runs a fast-growing cloud business that competes with firms including France’s OVH Groupe SAS and New York-listed DigitalOcean Holdings Inc.. Full Story: https://www.bloomberg.com/news/articles/2023-02-08/germany-s-ionos-shares-fall-after-debut-in-quiet-ipo-market#xj4y7vzkg
IPO Market Warming Up Finally
“Green shoots are finally popping up in the market for US initial public offerings, but don’t look for a spring bloom just yet. “About seven IPOs are expected to raise a combined $900 million and begin trading by Friday, making for the busiest week since October’s $990 million listing by Intel Corp.’s self-driving technology unit […]
H1 2023: Three Restaurant Groups Chew Over IPO
Federal Reserve rate hikes and online rumors and misconceptions contributed to the collapse of Silicon Valley Bank. So said former Silicon Valley Bank CEO Gregory W. Becker in written testimony prepared for the Senate Committee on Banking, Housing and Urban Affairs and posted on the committee’s website Monday. Becker said in his testimony that in […]
SoftBank Q3 Faces Pressure From Fragile Tech, Arm IPO affected
SoftBank Group Corp’s quarterly earnings on Tuesday are set to show persistent pressure from tech valuations that have yet to recover from a global sell-off, adding to the uncertain outlook for the timing of the highly anticipated Arm listing. The Japanese tech giant’s planned listing of British chip designer Arm, one of the crown jewels […]
Nextech AR Reveals Details Of Generative AI IPO Spin-Out
Nextech AR Solutions Corp. is pleased to announce today that after further consideration, it has determined to pursue a direct spinout of its generative AI powered Toggle3D platform through a wholly-owned subsidiary of the Company. The Arrangement, if completed, is anticipated to result in, among other things, Nextech retaining approximately 65% of the issued and […]
MGO Global – New Letter to Shareholders Following Successful IPO
The Chairman and CEO of MGO Global Inc. (NASDAQ:MGOL), Maximiliano Ojeda, today issued the following letter to the Company’s stockholders. Key excerpts: “Successfully completing our Initial Public Offering and having our common stock now trading on The Nasdaq Capital Market is a direct reflection of effort of our collective team of professionals who never wavered […]
ABB E-mobility adds millions in second and final round of pre-IPO private placement
ABB E-mobility, a global leader in electric vehicle charging solutions, today announced that it has signed an agreement with four minority investors to raise an additional CHF325 million in funds, in exchange for a total shareholding of approximately 12 percent in the company. This transaction represents the second and final part of ABB E-mobility’s pre-IPO […]