Startup Structure raises $161M in biotech IPO
In one of the biotechnology sector’s first initial public offerings this year, Structure Therapeutics said Thursday it raised $161 million in an upsized IPO. Headquartered in South San Francisco, California, Structure sold 10.74 million American depositary shares for $15 each. The company’s shares started trading Friday on the Nasdaq stock exchange under the ticker symbol […]
As IPO nears, Arm revenue up 28%
Semiconductor firm Arm posted a 28% revenue surge in the last quarter, reaching £620m as it prepares for its public listing this year. The update also noted a record number of microchips designed by Arm being shipped by clients over the quarter, reaching 8 billion. “With a quarter of a trillion Arm-based chips already changing […]
Chinese Hesai hoping for $171 million in U.S. IPO
China’s Hesai Group on Friday announced plans to raise as much as $171 million in an initial public offering in the United States, according to a term sheet. To date, Hesai has raised over $500 million, according to the company’s website. Hesai’s IPO is the first major offering by a Chinese firm since the country […]
Cava confidentially files IPO In U.S.
The total number of shares to be offered and the price range for the proposed offering have not yet been determined, the company said on Monday. Still, Cava is among a handful of companies testing the U.S. IPO markets at a time few are. Solar technology firm Nextracker last week said it was aiming to […]
Germany IPO: Bottom of Range for IONOS
German web hosting company IONOS on Tuesday priced shares for its initial public offering at the bottom of its target range, as investors took a cautious approach to the first major European flotation since carmaker Porsche in September. IONOS’s shares will debut at 18.50 euros apiece when they list on the Frankfurt Stock Exchange on […]
China set to launch long-awaited IPO reforms to reset the economy
China is preparing to introduce market-oriented reforms to the approval process of initial public offerings (IPOs) as part of its efforts to revive the economy and restore investor confidence following a tumultuous transition from a zero-Covid strategy. Once implemented, these reforms will mark the culmination of a decade-long endeavor by China to liberalize its stock […]
Good news for the IPO Market – Nextracker prices above range at $24 a share
The solar technology company Nextracker priced its initial public offering just above its stated $20 to $23 per share range, people with knowledge of the transaction told CNBC. The order book for Fremont, California-based Nextracker was “Well subscribed,” meaning demand allowed the company to exceed expectations on pricing, sources who declined to be identified speaking […]
The IPO Overhaul In China Has Some Restrictions
China’s planned easing of rules for initial public offerings across all its exchanges comes with restrictions telling bankers that some firms will need to seek special permission to sell shares. The China Securities Regulatory Commission on Wednesday unveiled a long-awaited plan to roll out a registration based listing mechanism to all domestic stock exchanges in […]
Virgin’s 2023 IPO
The return to profitability of Virgin Australia and the appointment of veteran director Peter Warne to the company’s board sends a strong signal that 2023 is the year the airline’s initial public offering will fly. In her second announcement to staff about the IPO in a month, chief executive Jayne Hrdlicka revealed that Virgin made […]
Factors In Current IPO Market
Because going public is such a time-consuming and expensive endeavor, many companies are opting to stay private instead. From 2020 to the end of 2021, the markets became frothy, and the markets reacted with spiking interest in special purpose acquisition companies. According to Nasdaq, there were 613 SPAC listings in 2021, raising $145 billion in […]