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 […]
Carlyle-Backed Madero Said to Seek $1.3 Billion Valuation in IPO
Madero Industria e Comercio SA, a Brazilian restaurant chain backed by private equity firm Carlyle Group Inc., is seeking to be valued at about 7 billion reais ($1.3 billion) in its initial public offering, according to people familiar with the matter. The Ponta Grossa, Parana-based company plans to raise about 1.2 billion reais with the […]
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 […]
Duolingo eyes over $3 billion valuation in U.S. IPO as online learning booms
Duolingo Inc said on Monday it aims to be valued as much as $3.41 billion in its U.S. initial public offering, as the language-learning app maker seeks to cash in on rapidly rising interest for online education tools during the COVID-19 pandemic. About 5.1 million shares will be offered in the IPO, priced between $85 […]
Private Equity Firm Sets Industry’s First Big London IPO in Decades
Private equity firm Bridgepoint’s London IPO could value the company at as much as £2.9bn, in the first major UK listing for the industry in decades. The buyout group, which has around €27.4bn of assets under management across equity and debt funds, is looking to raise up to £789m when it lists on the London […]
U.S. IPO market a danger zone for Chinese firms after Beijing crackdown
China’s stepped-up scrutiny of overseas listings by its companies and a clampdown on ride-hailing giant Didi Global Inc (DIDI.N) soon after its debut in New York have darkened the outlook for listings in the United States, bankers and investors said. On Tuesday Beijing said it would strengthen supervision of all Chinese firms listed offshore and […]
Aéropostale, Sports Illustrated owner files for U.S. IPO
Authentic Brands Group Inc on Tuesday filed for a U.S. initial public offering following a year that saw the parent of apparel chain Aéropostale and Sports Illustrated magazine post strong earnings growth. In a regulatory filing, Authentic Brands listed asset manager BlackRock Inc (BLK.N), U.S. private equity firm General Atlantic LLC and mall owner Simon Property […]
Private equity firm Bridgepoint confirms plans to float on London Stock Exchange
Private equity firm Bridgepoint have confirmed plans to raise £300m through an impending float. The firm dangled the prospect of an IPO last month but have confirmed the move in an announcement to markets this morning. The buyout group, which has around £27.4bn of assets under management across equity and debt funds, says it seeks to sell […]
Cherry AG’s €416 Million Initial Public Offering on Prime Standard
Cherry AG, a global leader in the manufacture of premium mechanical gaming switches and peripherals for gaming, office and industry as well as healthcare and security applications, made its debut on the Frankfurt stock market (Prime Standard). At the final offer price of EUR 32 per share, the total volume of the IPO was significantly […]
