IPO
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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SoftBank-backed Indian EV startup Ola Electric pops 20% on debut valuing firm at $4.8 billion
Bhavish Aggarwal, Chief Executive Officer (CEO) of Ola Cabs and founder of Ola Electric speaks during a press conference ahead of the Initial Public Offer (IPO). Ashish Vaishnav | Sopa Images | Lightrocket | Getty Images Shares of Ola Electric surged 20% on their market debut on Friday, valuing the Indian electric vehicle startup at […]
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Singapore’s monetary authority sets up review group in bid to revive its equities market
Key Points The group will focus on addressing market challenges, fostering listings, and facilitating market revitalization, as well as enhancing regulations to facilitate market growth and foster investor confidence. MAS said another key goal will be to identify methods for encouraging private sector participation, including from capital market intermediaries, investors and listed companies. Source
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SoftBank-backed Ola Electric aims to raise $734 million in India’s biggest IPO this year
The new Ola electric scooters displayed during its launch at the Ola headquarters in Bangalore on August 15, 2021. (Photo by Manjunath Kiran / AFP) (Photo by MANJUNATH KIRAN/AFP via Getty Images) Manjunath Kiran | Afp | Getty Images Indian e-scooter maker Ola Electric said on Monday it aimed to raise $734 million in this […]
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Lineage begins trading in the market’s largest IPO of 2024
Lineage, the largest temperature-controlled warehouse real estate investment trust (REIT) in the world, rose by as much as 5% in its Nasdaq Stock Market debut on Thursday, after going public under the ticker symbol “LINE.” Lineage priced 57 million shares at $78 apiece on Wednesday, near the top of its initial $70 to $82 target range. […]
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2024 is shaping up to be another tough year for IPOs. What it’s going to take to turn it around
This week will mark the biggest week for initial public offerings all year. Unfortunately, it may not be enough to get the IPO market out of its funk. Financial services firm OneStream priced its IPO on Tuesday night at $20, above the price talk of $17 to $19. Its shares opened Wednesday at $26. That’s […]
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StubHub delays IPO right until just after Labor Working day
The StubHub symbol is noticed at its headquarters in San Francisco. Andrej Sokolow | Photo Alliance | Getty Pictures StubHub is delaying a prospective first community supplying until eventually just after Labor Working day, in accordance to a particular person acquainted with the offer. The on the net ticketing service experienced been eyeing a summer […]
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UK launches new rules for listings in bid to boost growth for London’s stock exchange
A general view of a dragon boundary mark and the City of London skyline, the capital’s financial district, as the Bank of England raises UK interest rates to 4%. Vuk Valcic Sopa Images | Lightrocket | Getty Images The U.K.’s Financial Conduct Authority announced Thursday new rules for the country’s stock market listings in a […]
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Shares of Stellar Blade maker Shift Up surge almost 50% on trading debut
Hyung-Tae Kim, chief executive officer of Shift Up Corp., strikes the drum during the company’s listing ceremony at the Korea Exchange (KRX) in Seoul, South Korea, on Thursday, July 11, 2024. Game developer Shift Up is known for its mobile and computer games that include Goddess of Victory: Nikke and console game Stellar Blade. Bloomberg […]
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