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 […]
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.” […]