IPO
Indian retail group seeks antitrust probe of quick commerce companies Swiggy, Blinkit, Zepto
Blinkit and Zomato logos are seen in this illustration taken June 27, 2022. Dado Ruvic | Reuters India’s biggest group of retail distributors has asked the antitrust authority to investigate three quick commerce companies — Zomato’s Blinkit, Swiggy and Zepto — for alleged predatory pricing, a letter showed on Sunday. Quick commerce is a new shopping rage in India, with companies […]
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Tokyo Metro’s IPO could drive momentum in the Japanese market as Chinese listings dry up
In Japan’s biggest initial public offering in six years, Tokyo Metro raised 348.6 billion yen ($2.3 billion) after pricing its shares at 1,200 yen apiece, according to the company’s regulatory filing on Tuesday. Miho Uranaka | Reuters Tokyo Metro’s initial public offering could drive momentum in the Japanese market and attract more companies into the […]
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Tokyo Metro set to raise $2.3 bln in Japan’s biggest IPO in 6 years, Reuters reports
Tokyo Metro’s logo is pictured at Kasumigaseki station in Tokyo, Japan, Aug. 15, 2024. Miho Uranaka | Reuters Tokyo Metro is expected to raise 348.6 billion yen ($2.3 billion) after pricing its initial public offering at the top end of its range, according to two sources familiar with the matter, in the largest IPO in Japan for […]
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BlackRock, Fidelity snap up Hyundai India shares in record $3.3 billion IPO
The Logo of Hyundai Motor India Limited is seen on a parked car in the company’s stockyard, in the outskirts of Ahmedabad, India, October 8, 2024. Amit Dave | Reuters Hyundai Motor India sold shares worth $989.4 million to institutional investors including BlackRock and Fidelity on Monday, as the carmaker launched a $3.3 billion IPO that will be the country’s largest share offering yet. The Government […]
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Online retailer Shein to hold roadshows soon ahead of London IPO, Reuters reports
The logo of fast fashion e-commerce company Shein outside its office in Guangzhou in southern China’s Guangdong province. Jade Gao | Afp | Getty Images Shein is set to hold informal investor meetings in the coming weeks for its planned London initial public offering, three sources with knowledge of the matter said, pushing ahead with preparations […]
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Cybersecurity firm Proofpoint considers pre-IPO funding as it plots a return to public markets
Sumit Dhawan, CEO of Proofpoint, took the reins as head of the cybersecurity company in 2022, a year after it was acquired by Thoma Bravo for $12.3 billion. He’s been pushing the firm to consider strategic opportunities such as mergers and acquisitions of smaller cybersecurity players to boost the company’s market expansion and stimulate industry […]
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Consumer companies vie for share of India’s booming stock market
A bell during the listing ceremony of Ola Electric Mobility at the National Stock Exchange in Mumbai, India, on Friday, Aug. 9, 2024. Bloomberg | Bloomberg | Getty Images Food delivery platforms, jewelry companies — and even a electric scooter manufacturer. More consumer-centric companies are looking to capitalize on India’s booming stock market and strong […]
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Indian public sector firm NTPC’s green energy arm files for $1.2 billion IPO
This photograph taken on April 6, 2022, shows a general view of the National Thermal Power Corporation (NTPC) plant in Dadri. The mounds of jet-black coal shimmering under the afternoon sun at the Dadri power plant are a raw illustration of India’s coal dependence — a habit that despite increasing pressure, the country is finding […]
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Intel working with bankers to present board with strategic options
Pat Gelsinger, CEO Intel, speaking on CNBC’s Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBC Intel executives are working with multiple advisors to formulate options to address its flagging business, according to a person with knowledge of the matter. Those advisors, which include Morgan Stanley and […]
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Tencent-backed Airwallex nears $500 million annualized sales, aims to get IPO-ready by 2026
Airwallex, which was most recently valued at $5.5 billion and is backed by Tencent, has been tipped as one of many prominent fintech IPO candidates. Jose Sarmento | Bloomberg | Getty Images Tencent-backed payments startup Airwallex is nearing an annual revenue run rate of $500 million and will look to get ready for an initial […]
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