Chobani Is Going Public. Its ‘Anti-CEO’ Founder Won’t Be The Only Employee Who Could See A Big Payday
For most people, big payouts from initial public offerings call to mind software engineers—not yogurt factory workers. But when Chobani goes public, some of its hourly workers could stand to make $1 million or more in stock awards, an uncommon outcome in an industry rarely lauded for its treatment of workers. Five years ago, Chobani founder […]
Private Equity Firm Antin, Holders Seek $650M in Paris IPO
Private equity firm Antin Infrastructure Partners SA and its founders are looking to raise 550 million euros ($650 million) in an initial public offering in Paris amid a flurry of alternative asset manager listings. The firm, which invests in everything from fiber-optic networks to water utilities, is raising about 350 million euros selling new shares, while existing shareholders […]
Reddit reportedly hires bankers and lawyers as it aims for $15bn IPO
Reddit is seeking to hire investment bankers and lawyers for an initial public offering in New York, two people familiar with the matter told the Reuters news agency. Reddit was valued at $10bn in a private fundraising round last month. By the time the IPO would take place early next year, the online message board […]
France’s Antin Infrastructure Partners plans to list in Paris
French investment firm Antin Infrastructure Partners is looking to launch an initial public offering (IPO) on Euronext Paris and has hired banks to work on the deal, the company said on Friday. The flotation will involve a capital increase of about 350 million euros ($416 million) through the issuance of new shares as well as […]
Bridgepoint went public. Executive rewards stayed private
The first UK private equity firm to list in decades has kept lucrative carried interest payments under wraps Blackstone’s Stephen Schwarzman made $610.5m in pay and dividends last year. KKR’s Henry Kravis and George Roberts received $80.6m and $84.5m respectively. The regular disclosure of the US private equity executives’ income, which dwarfs that of most […]
SoftBank Vision Fund and Carlyle Group backed India’s logistics start up Delhivery to file $1B IPO in October
Indian logistics and supply chain startup Delhivery plans to file a draft prospectus by October to raise $1B in IPO. Founded in 2011 by CEO Sahil Barua, Delhivery is a logistics and supply chain services company in India, backed by the SoftBank Vision Fund, Carlyle Group, Fosun International, Tiger Global and Times Internet and others […]
TPG in talks with JPMorgan and Goldman Sachs IPO potential
Private equity giant TPG is working with JPMorgan Chase & Co. and Goldman Sachs Group as it evaluates hitting the public market. TPG, which has long-time roots in Fort Worth, is in talks with the Wall Street heavyweights as it looks at plans to go public, though no final decisions have been made, people familiar […]
TPG appoints bankers to work on IPO of private equity firm
Move puts buyout group on path blazed by Blackstone, KKR and Apollo Global Management TPG has appointed Goldman Sachs and JPMorgan Chase to work on an initial public offering, inching closer to a stock market listing that the private equity firm has contemplated for much of the past decade. The group could file IPO documents […]
PowerSchool Edges Down in Trading Debut After $711 Million IPO
Education software provider PowerSchool Holdings Inc. was little changed in its trading debut after a $711 million initial public offering priced at the bottom of a marketed range. The company, backed by private equity firms Vista Equity Partners and Onex Corp., sold 39.5 million shares on Tuesday for $18 each after marketing them for $18 to $20. The shares rose […]
Volvo Cars’ earnings top pre-pandemic levels in boost ahead of possible IPO
Volvo Cars reported a return to profit in the first half as demand for electric cars pushed earnings above pre-pandemic levels, putting the carmaker on a firmer footing as it considers a possible IPO this year. Sweden-based Volvo, owned by China’s Geely Holding (GEELY.UL), said on Friday it made a first-half profit of 13.24 billion […]
