IPO market drives digital deal growth
Companies in the digital, media and internet sectors have taken advantage of the open public markets, with no fewer than 18 IPOs completed in the first quarter of 2021, up from just one the previous year, according to research from global investment bank GCA Altium. The global trend of listings has been headlined by food […]
Roivant Sciences Strikes SPAC Deal Valuing The Drug Company At $7.3 Billion
Seven years ago, Vivek Ramaswamy created Roivant Sciences with the aim of finding a new financial model for drug development. On Monday, Roivant Sciences announced it would be going public by merging with a special acquisition company in a deal that values Roivant at $7.3 billion. Montes Archimedes Acquisition Corp., a special acquisition company sponsored […]
US equity and IPO capital markets raise record-breaking USD125bn from 389 IPOs in Q1 2021
IPO activity in the US had the strongest first quarter in the year 2021, continuing the strong momentum seen in the second half of the year. According to the research data analysed and published by Finaria, 389 US-based IPOs raised a total of USD125 billion in Q1 2021, up from the 33 issuances that raised […]
Warburg Pincus-backed facilities company GPS reduces price range in IPO
Brazilian facilities company GPS has reduced its price range in an initial public offering expected to be priced on Thursday, a source familiar with the matter said. GPS, which is backed by private equity firms Warburg Pincus and Gavea Investimentos, set its new price range between 11.25 reais and 13 reais from between 13 reais […]
Spain’s Acciona hires banks for IPO of $9.6 bln energy unit
Spanish conglomerate Acciona is stepping up preparations for a stock market listing of its renewable energy unit and has hired banks to lead the deal expected to value the business at more than 8 billion euros ($9.6 billion). Acciona said late on Wednesday that Citi, JP Morgan, Goldman Sachs (GS.N), Morgan Stanley and Bestinver Securities have […]
TuSimple raises over $1 billion in U.S. IPO at nearly $8.5 billion valuation
TuSimple Holdings Inc said on Thursday it had raised more than $1 billion through an initial public offering (IPO), valuing the self-driving truck startup at nearly $8.5 billion. The San Diego, California-based company sold around 27 million shares in its IPO, while some stockholders sold about 6.8 million shares priced at $40 apiece. The company […]
Agilon Health Raises $1 Billion in IPO
Long Beach-based Agilon Health Inc. raised approximately $1.07 billion through its initial public offering and saw its share price soar 38% to close at $31 on April 15, its first day of trading as a public company. Agilon, which helps primary care physician groups cap costs for their Medicare Advantage patients, had priced its offering at $23 […]
KKR-backed AppLovin raises $2 billion in IPO
U.S. mobile app and gaming company AppLovin Corp sold shares in its initial public offering (IPO) at the mid-point of its target range to raise $2 billion, a person familiar with the matter said on Wednesday. AppLovin, which is backed by private equity giant KKR & Co Inc, priced 25 million shares at $80 per share, […]
Cybersecurity Firm Darktrace Plans London Stock-Market Listing
British cybersecurity company Darktrace Plc announced plans for an initial public offering in London, adding to a surge in U.K. listings even after Deliveroo Holdings Plc flopped in its market debut. The company will sell new shares to fund product development, and some existing investors also will offer stock, Darktrace said in a statement Monday. […]
Mubadala discusses GlobalFoundries IPO at $20bn value
Abu Dhabi’s Mubadala Investment Co. has started preparations for a US initial public offering of chipmaker GlobalFoundries, people with knowledge of the matter said. The sovereign wealth fund has been having initial discussions with potential advisers about a listing of GlobalFoundries that could value the business at about $20bn, according to the people. It hasn’t […]
