Structure finalizes IPO

Mineralys Therapeutics announced a $100 million IPO earlier in the month, and now Structure Therapeutics has put the finishing touches to its own nine-figure Nasdaq offering. The San Francisco and Shanghai-based biotech confirmed in an SEC filing today that it would be offering almost 9 million American depositary shares-representing close to 27 million ordinary shares-priced […]

SoftBank Under Pressure – Arm IPO effected

TOKYO, Feb 3 – 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 […]

A New Chinese Company – To Raise Up To $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. The Shanghai-based lidar maker will offer up to 9 million American depositary shares at between $17 and $19 apiece. Laser-based lidar sensors help self-driving cars detect objects […]

IPO Market May Be Coming Back

In their respective follow-on stock offerings this week, Roivant Sciences and Vera Therapeutics upsized their offerings to raise more money than they planned thanks to stronger-than-expected demand. Bankers say a flourishing follow-on market will pave the way for IPOs. Still, there have been just three IPOs this year that raised at least $50 million, according […]

Biotech IPO – Structure

Biotech startup Structure pulls off rare IPO, raising $161M The company’s offering comes after a sharp slowdown in drugmaker IPOs last year. Michael M. Santiago via Getty Images 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 […]

Seven Things to Know About China’s IPO Overhaul

China is about to take a major step forward in the overhaul of the country’s $12.7 trillion stock market with plans to roll out its registration-based IPO system to the country’s two biggest boards in Shanghai and Shenzhen, completing a shift that began in 2019 when the new mechanism was first used. Link: https://www.caixinglobal.com/2023-02-03/five-things-to-know-about-chinas-latest-ipo-system-overhaul-101994188.html

IPO reform In China helps businesses looking to raise capital

Expanding the U.S.-style IPO mechanism to all corners of China’s stock market will speed up listings and corporate fundraising, as Beijing seeks to revive a COVID-ravaged economy. The IPO reform is designed “To give the right of choice to the market,” and make IPOs more transparent and predictable, the CSRC said in a statement. Latest […]

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 […]

4 Anticipated Tech IPOs This Year In 2023

In 2022, the only significant tech IPO in the U.S. was that of Intel’s Mobileye, a company specializing in autonomous vehicle technology. U.S.-based payment processing software company Stripe’s IPO is considered one of the most heavily anticipated listings of 2023. If market conditions do not improve, the company’s value may decrease further after it goes public. Oravel Stays Ltd., the Indian hospitality tech company behind Oyo, is planning to launch its long-anticipated IPO in 2023. The company has not officially announced plans for an IPO. However, it has been reported that Instacart may go public in the first half of 2023. While there is always speculation as to which companies will have the most successful IPOs, 2023 promises to be an exciting year for the tech industry, with many anticipated public debuts like those included on this list. It’s worth noting that many factors can influence a company’s decision to go public, including market conditions, company performance and the regulatory environment. Source: https://www.jumpstartmag.com/4-most-anticipated-tech-ipos-of-2023/