Petco IPO Raises $864 Million as Retailer Returns to Market
The owner of the animal supply chain store Petco raised $864 million in an initial public offering, returning the retailer to the public market 15 years after it was taken private. The company, which is changing its name to Petco Health and Wellness Co. in conjunction with the listing, sold 48 million shares for $18 […]
Private Equity Firms Seize on IPO Boom With Consumer Assets
Petco, Driven Brands climb in trading debuts this week .Blackstone-backed Apria, Carlyle’s PurposeBuilt file Friday. Private equity firms are refusing to be left out of the initial public offering boom. With technology IPOs sometimes doubling on day one, buyout shops are hoping to capture some of the buzz for their less sexy, slower growth and […]
Affirm Raises $1.2B, Pricing Above Range In Hot IPO Market
Online lender Affirm Holdings Inc. (NASDAQ: AFRM) has raised roughly $1.2 billion by pricing its initial public offering (IPO) at $49 per share, above the expected range of $41 to $44, the company announced Tuesday. What Happened: Affirm is a fintech company providing installment loans to online shoppers and is led by PayPal Holdings Inc […]
Blackstone’s Aadhar Said to File $1 Billion IPO Prospectus Soon
Housing finance firm plans to file draft prospectus this month. Aadhar is looking to launch public offering in first half. Aadhar Housing Finance Ltd., controlled by Blackstone Group Inc., is planning to file a draft prospectus for its initial public offering in India as soon as this month, according to people familiar with the matter. […]
Greeting cards company Moonpig eyes 1 billion pound London listing
Online greetings card company Moonpig is planning a London stock market listing that could value the private equity-backed firm at more than one billion pounds ($1.36 billion), sources familiar with the plans said on Tuesday. The company, which operates in Britain as Moonpig and in the Netherlands as Greetz, is targeting net debt of two […]
Matrix-backed gaming startup Zupee raises $10 mn in new funding round
Cashgrail Pvt Ltd, which operates skill-based mobile gaming platform Zupee, has raised $10 million (about Rs 73 crore) in a fresh funding round. The exercise has been led by existing backer WestCap Group, a United States-based growth equity firm that invests in asset-light and tech-enabled marketplace solutions. Focus areas for WestCap include financial, real estate, […]
Investment manager to pursue IPO next month
Infrastructure and private equity investment manager Foresight Group is set to float on the London Stock Exchange next month as the company pursues funding for its acquisition strategy. In an update to the market this morning (January 12) Foresight confirmed it would proceed with an initial public offering in February which would see 50 per […]
M&As with Europe are being overlooked by Israeli tech ecosystem
“There is a venue for growth equity, private equity or rolling-up into a larger European entity,” says Joey Sabet M&A exits in Israel were down by approximately 30% in Israel during 2020, with the average deal size falling from $143 million in 2019 to $93 million according to IVC. An increase in the number of […]
Blackstone-backed PE firm prepares to go public
Patria Investments, a Latin America-focused investor that has been partially owned by Blackstone for the past decade, is setting the table for a seldom-seen event: A public offering for a private equity firm. Patria has filed to go public on the Nasdaq, a move that comes a little more than 10 years after Blackstone acquired […]
Perella Weinberg SPAC Achieves What an IPO Couldn’t
This deal looks just as much a strategic bet on SPACs as a business opportunity for the investment banking boutique Perella Weinberg Partners has told the IPO market where to go. The investment banking boutique’s merger with a blank-check company has achieved something an initial public offering wouldn’t. The firm, founded in 2006, has been […]
