Healthcare platform Agilon targets valuation of up to $9 billion in U.S. IPO
Agilon Health is aiming for a valuation of up to $9 billion in its initial public offering (IPO), the healthcare platform said on Wednesday, joining a clutch of companies looking to cash in on the record run in U.S. capital markets. The company said it planned to raise more than $1 billion in its IPO […]
SoftBank-backed Compass valued at $8.22 billion in NYSE debut
Shares of SoftBank Group Corp-backed Compass Inc jumped 18% in their stock market debut on Thursday, giving the real estate brokerage firm a market value of $8.22 billion, after being priced at the lower end of the reduced initial public offering (IPO) price range. Stock opened at $21.25, above the IPO price of $18 per […]
Bank software provider Alkami aims for over $2 billion valuation in U.S. IPO
Alkami Technology Inc is aiming for a valuation of up to $2.08 billion in a U.S. initial public offering (IPO), the banking software provider said in its prospectus on Monday. The company said it was looking to raise as much as $150 million by selling 6 million shares at a price range of $22 to […]
Europe’s IPO market roars back to life, can it last?
The European market for initial public offerings has come roaring back this year after a moribund, COVID-hit 2020, but the poor debut by Deliveroo has amplified concerns around whether the momentum can last. European companies raised $19.55 billion through stock market listings in the first three months of the year, the highest since the fourth […]
Tiger Global-Backed HighRadius Valued in Funding at $3.1 Billion
Treasury management business HighRadius Corp. has completed a funding round that values the company at $3.1 billion, said founder and Chief Executive Officer Sashi Narahari. The $300 million investment was co-led by Tiger Global Management and D1 Capital, with participation from ICONIQ Growth and Susquehanna Growth Equity. The chief executives of Snowflake Inc., Procore Technologies […]
Ackman stays mum on $4 billion SPAC target, says a second may follow
Billionaire investor William Ackman said on Monday that there was nothing to report yet on finding a target for his $4 billion blank-check investment vehicle Ackman made headlines last year when he raised Pershing Square Tontine Holdings, making it the biggest blank check company ever. It now has between $5 billion and $7 billion of […]
Calculus Capital delivers 6x return with ActiveOps listing
Calculus Capital portfolio company ActiveOps has completed a successful Initial Public Offering on the Alternative Investment Market, generating an impressive 6x return for Calculus EIS investors. ActiveOps has placed 45 million shares with institutional investors, raising gross proceeds of £76 million for selling shareholders, including Calculus Capital. The placing price of 168 pence values the […]
China Evergrande to raise $2 billion in pre-IPO for property, car marketplace unit
China Evergrande Group on Monday said it will sell 10% of its online real estate and automobile marketplace, Fangchebao (FCB), to 17 investors for HK$16.35 billion ($2.10 billion), in a fundraising ahead of the unit’s initial public offering (IPO). FCB, with a pre-financing valuation of over 150 billion yuan ($22.92 billion), could list on the […]
TPG Capital picks banks for $594m Asian Pathology IPO
TPG Capital Asia has picked banks to help prepare an initial public offering of its pathology business in the region that could raise as much as S$800 million ($594 million) in Singapore, according to people with knowledge of the matter. The private equity firm is working with Citigroup Inc. and CIMB Group Holdings Bhd. on the […]
Advent-backed Allied launches IPO in Brazil
Brazilian technology company Allied, backed by private equity firm Advent International, launched on Thursday an initial public offering of up to 517.5 million reais ($92.1 million), according to a Thursday filing. Allied will use the proceeds to open new stores, boost its financing business, invest in technology platforms and acquire companies. The company plans to […]
