Author: IPO Watcher

Stripe, a $95 Billion Fintech Unicorn, Is Exploring an IPO

Stripe, an Irish-American payments company founded in 2010, looks ready for an exit no matter how the market looks. The company’s brother founders, Patrick and John Collison, told employees they will make a decision within the next 12 months, according to the Journal. Some of Stripe’s early employees are counting on the firm finding an exit before their stock awards expire this year. Stripe filed its intent with the Securities and Exchange Commission to go public in July 2021. Stripe was last valued by private investors at $95 billion in March 2021, making it one of the most valuable fintech companies in the world. Source: https://observer.com/2023/01/stripe-digital-payment-ipo/

United Internet subsidiary Ionos plans Q1 IPO

United Internet subsidiary Ionos plans an initial public offering this quarter with a Prime Standard listing on the Frankfurt Stock Exchange, the web hosting company said on Tuesday. The offered shares are expected to come from the holdings of the subsidiary’s two existing shareholders, United Internet and Warburg Pincus, with United Internet to retain a majority stake after the IPO, Ionos said. A source familiar with the matter told Reuters last week that Ionos could achieve a valuation of 5 billion euros in a stake sale. With largely subscription-based revenue, Ionos generated 1.1 billion euros in 2021. Ionos will consider opportunistic M&A to gain market share and support international expansion, CFO Britta Schmidt said on a conference call on Tuesday. In 2022, technology IPOs only took up 10.7% of market share, according to Dealogic data. Ionos, which is based in Montabaur, is a web hosting company offering mass market hosting services, domains, managed hosting and cloud applications to consumers and SMEs in countries including the U.S., Germany, UK, France, Spain and Poland. Source: https://www.reuters.com/markets/deals/united-internet-subsidiary-ionos-plans-ipo-q1-2023-01-17/

Oyo Still Keen to Pursue IPO Setting Mid-February Deadline for Refiling

Keen to pursue its long-anticipated initial public offering, hospitality tech company Oyo has said it would be refiling its draft red herring prospectus with the Indian stock market regulator Securities Exchange Board of India by mid-February. While the company refused to offer any estimation of the time it expects SEBI to take for the approval, […]

Virgin IPO Back In Play By Bain Capital With Travel Numbers Rebounding

Bain Capital is considering an initial public offering of Australia’s second-largest airline in what would be a new test of investor appetite for carriers in a turbulent post-pandemic recovery. On Monday, Bain Capital said as a first step, it will soon ask advisers about the best timing, structure and metrics for relisting Virgin Australia on […]

What to expect in the 2023 IPO market

There are things like interest rates, discount rates, regulation, public market performance, economic growth, inflation, etc. that have a very real impact on the viability of the IPO market. The IPO market, in turn, has a very real impact on the trajectory of companies that are aiming for it. “The market is looking for stability.” […]

J&J’s Consumer Health Unit Kenvue Files For IPO, Moving Closer To Spin-Off

Johnson & Johnson’s consumer health unit Kenvue on Wednesday filed to be listed as an independent company, bringing the healthcare conglomerate a step closer to completing the biggest shakeup in the 135-year history. The filing, for Kenvue to list on the New York Stock Exchange under the ticker symbol “KVUE”, comes more than a year after Johnson & Johnson announced its plan to break up into two companies. J&J’s pharmaceutical and medical equipment units, which make cancer treatments and surgical tools, had recorded nearly $80 billion in sales in 2021, far ahead of its consumer products revenues. The consumer unit has also faced nearly 40,000 lawsuits alleging that its baby powder and other talc products contained asbestos later linked to mesothelioma and ovarian cancer in women who used it for personal hygiene. General Electric’s spunoff healthcare unit, GE HealthCare Technologies , debuted as an independent company on Nasdaq on Wednesday. Source: https://www.reuters.com/markets/deals/jjs-consumer-health-unit-kenvue-files-us-ipo-2023-01-04/

British PM revives talks for Arm’s London IPO

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Alibaba’s Ant Crawling To IPO

While Ant downplayed the potential for an IPO, the move, along with the company adding independent board members, makes the company more appealing to investors as “No shareholder, alone or jointly with other parties, will have control over Ant Group.” Exchanges in Mainland China and Hong Kong have rules that require a waiting period of […]