Buyout Executives Bank Billions in Record Year for Firm Floats
A record number of private equity firms went public this year as deal-savvy buyout executives took advantage of a booming market for initial public offerings — a trend that looks set to continue into 2022. Six private equity firms went public in 2021, Dealogic data show, equalling the combined total of the previous five years. […]
Kurly lands $210M pre-IPO at a $3.3B valuation months after its last funding
Just half a year after its last Series F round announcement, Korean online grocery startup Kurly has closed $210 million in a pre-IPO round from single backer Anchor Equity Partners, a Hong Kong-based private equity firm. The latest funding brings its total raised to approximately $761 million and values the company at $3.3 billion. Kurly […]
Global private equity firm TPG to list in New York
Private equity firm TPG has submitted paperwork for an initial public offering in the United States, according to a regulatory filing on Thursday, as it seeks to better compete with its publicly traded peers. Fort Worth, Texas-headquartered TPG, which did not reveal the number of shares it plans to sell or the indicative price range, […]
Nubank debuts with $52 bln market cap, becomes Brazil’s third most valuable public firm
Digital lender Nubank’s shares opened 25% above the offer price in their stock market debut on Thursday, giving the company a market capitalization of nearly $52 billion, making it the third most valuable listed firm in Brazil. On Wednesday, Nubank priced its initial public offering at the top end of a range it had lowered earlier […]
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 […]
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 […]
