SoftBank-backed Gopuff hires banks for IPO
Gopuff, the SoftBank Group Corp -backed delivery startup that was valued at about $15 billion last year, has tapped banks to lead preparations for a U.S. initial public offering (IPO), people familiar with the matter said on Tuesday. U.S.-based Gopuff, which operates in 1,000 cities in the United States and Europe, is working with Morgan […]
CVC-Backed Fleet Services Firm Weighs IPO at $3.4 Billion Value
DKV Mobility, a fleet-services firm part-owned by CVC Capital Partners, is considering an initial public offering that could value it at more than 3 billion euros ($3.4 billion), people familiar with the matter said. The company has issued more than 5 million cards to commercial drivers across Europe that can be used to pay for […]
Private equity sidesteps IPO parade by borrowing billions
Debt placements total more than $9bn for firms including Vista and Warburg Pincus A succession of private equity firms are going public. But another group has been raising capital more discreetly — by selling record amounts of debt. The industry’s biggest privately held firms raised at least $9bn through debt sales last year to invest […]
Asian Private Equity Firm PAG Weighs Hong Kong IPO
Asia-focused investment firm PAG is considering an initial public offering in Hong Kong, according to people with knowledge of the matter, in what would be one of the biggest listings by a buyout firm in the region. PAG has been speaking with advisers about a potential listing, the people said, asking not to be identified […]
CVC Lines Up Goldman, JPMorgan, Morgan Stanley for IPO
European buyout firm CVC Capital Partners has lined up three Wall Street titans to arrange its potential initial public offering, according to people familiar with the matter. The private equity firm plans to work with Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley on the stock-market listing, said the people, who asked […]
TPG’s Novotech Is Eyeing an IPO Again, After Gaining $3bn Valuation
Proceeds from the transactions will provide strong support to Novotech Holdings’ organic and inorganic growth strategies Novotech Health Holdings Pte. Ltd. today announced the completion of a financing round of US$760 million comprising a US$255 million private placement and a US$505 million refinancing transaction, setting itself as the leading Asia-Pacific biotech specialist Contract Research Organization to pursue further growth opportunities by M&A […]
Private-Equity Firm TPG Valued at $9bn After Pricing IPO. It’s the Biggest So Far in 2022
Private-equity firm TPG said on Wednesday it raised $1 billion in its U.S. initial public offering (IPO) at a valuation of $9.1 billion. With the shares of many publicly listed private-equity firms hovering near all-time highs, and peers such as EQT AB and Bridgepoint Group Plc having launched IPOs in the last three years that […]
Buyout Firm TPG Sets Terms for Up to $1.05 Billion IPO
TPG Inc. set terms for a U.S. initial public offering that could raise as much as $1.05 billion, as it joins larger rivals like Blackstone Inc. in listing on the stock market. The private equity firm and one of its existing backers, China Life Insurance Group Co., plan to offer 33.9 million shares at $28 […]
TPG eyes $9.5B valuation in IPO
TPG has kicked off its IPO roadshow, with the private equity firm planning to sell 28.3 million shares of stock priced between $28 and $31 apiece. At the high end of the range, TPG would raise more than $877 million. The firm is seeking a valuation of up to $9.5 billion. TPG, which is expected to […]
HR software startup Justworks seeks $2 bln valuation in U.S. IPO
Human resources and payroll software maker Justworks said on Tuesday it was aiming for a valuation of up to $2 billion in its initial public offering in the United States. The company, backed by Bain Capital, said it was offering 7 million shares at between $28 and $32 per share. That would fetch Justworks $224 […]
