Tech Giants Back Chip Designer Arm Holding’s $50 Billion Market Debut, Signaling a High-Stakes Realignment in Silicon Valley
In an electrifying move that’s shaking the foundations of Silicon Valley, industry titans including Apple, Nvidia, Alphabet, and AMD are doubling down on their relationship with Arm Holdings. Insiders confirm that these tech behemoths are putting their money where their microprocessors are, locking in commitments to invest in Arm’s upcoming IPO. The excitement doesn’t stop […]
Volkswagen targets $75B for Porsche IPO valuation
Volkswagen AG is looking to raise as much as 9.4 billion euros ($9.41 billion) from the initial public offering of its iconic sports-car maker Porsche AG in what could be Europe’s largest listing in more than a decade. The German carmaker said late Sunday it is seeking a valuation of 70 billion to 75 billion […]
AIG unit Corebridge raises $1.68B in year’s largest IPO
After divesting a 10% stake to private equity firm Blackstone for $2.2b last year, AIG filed for the Corebridge offering raising $1.68b in the biggest initial public offering so far this year AIG Inc’s life insurance and retirement division Corebridge Financial Inc raised $1.68b on Wednesday in the biggest initial public offering (IPO) so far this […]
Blackstone eyes IPO filing for $2.5 Billion India Mall portfolio
Blackstone Inc. is planning to file as soon as next month for an initial public offering of its Indian shopping mall portfolio that could raise about $500 million, people familiar with the matter said. The private equity firm has been interviewing advisers for the Mumbai listing of a real estate investment trust, according to the […]
Blackstone-backed PAG Weighs delaying $2 Billion Hong Kong IPO
PAG, an Asia-focused private equity firm backed by industry giant Blackstone Inc., is considering a delay of its planned initial public offering in Hong Kong amid market volatility, according to people familiar with the matter. PAG applied for an IPO in Hong Kong in March and was poised to be one of the financial hub’s […]
General Atlantic is said to be exploring an Initial Public Offering
General Atlantic, an investment firm with $79 billion in assets under management, is exploring an initial public offering, people with knowledge of the matter said. The firm, led by chairman and Chief Executive Officer Bill Ford as well as co-Presidents Anton Levy, Martin Escobari and Gabriel Caillaux, has offices across the globe including in Shanghai, […]
Borouge’s $2 Billion Abu Dhabi IPO Draws in Asia’s Richest Man
The United Arab Emirates’ biggest oil company and Borealis AG are seeking to raise $2 billion from an initial public offering of their chemicals joint venture in Abu Dhabi, set to be the biggest ever listing in the emirate. Borouge’s IPO offer price has been set at 2.45 dirhams per share, Abu Dhabi National Oil […]
EQT pushes back Galderma IPO plans amid market turmoil
EQT is delaying listing plans for its $22 billion skincare firm Galderma as market volatility and recession fears in Europe cool investor appetite for what is set to be Switzerland’s biggest flotation in almost two decades, two sources told Reuters. Galderma, previously part of Swiss giant Nestlé, was sold to an investment consortium led by EQT and […]
CVC pushes back IPO plans amid market turmoil
Europe’s biggest private equity group now expects to list this autumn or even in 2023 Europe’s biggest private equity group CVC Capital Partners has pushed back plans for a stock market listing in the first half of this year, with market turbulence standing in the way of a multibillion-euro flotation that it had hoped to […]
BlackRock to Vanguard, Global Funds Rush to Middle East IPO Boom
Middle Eastern companies no longer have to go to London or New York in search of big-ticket investors, with the likes of BlackRock Inc. flocking to the initial public offering boom in local markets. Dubai Electricity & Water Authority’s IPO raised $6.1 billion last month, with major global investors BlackRock, Vanguard Group and Fidelity Investments […]
