Record boom in private equity-backed IPOs: is it too risky to invest?

Private equity-owned companies are being taken public at the fastest rate in years, new figures show, as buyout firms look to cash in billions from the global stock market boom. “This is currently the most attractive market I have ever seen for private equity companies to exit via the markets,” said Mondesir. After a phenomenal […]

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 […]

Bain Capital-owned Diversey aims for $6.38 billion valuation in U.S. IPO

Bain Capital-owned Diversey Holdings Ltd, which provides cleaning and hygiene products, said on Tuesday it was aiming for a valuation of up to $6.38 billion in its initial public offering in the United States. Diversey is seeking to raise up to $970 million in its IPO from selling about 46.2 million shares priced between $18 […]

With recovery on radar, two U.S. budget airlines plot IPOs

U.S. low-cost airlines Frontier and Sun Country plan to raise cash through initial public offerings (IPOs) as they prepare for a rebound in pandemic-hit travel Budget carriers are expected to bounce back quicker than larger rivals from the pandemic thanks to their lower-cost structures and focus on domestic leisure travel. Frontier Airlines, which withdrew listing […]

Trustpilot gets IPO cornerstone investors to give enterprise value of $1.4 billion

Online review platform Trustpilot said on Monday it has received commitments from several funds to act as cornerstone investors in its upcoming initial public offering at a price that gives it an enterprise value of up to $1.4 billion. Several investors including BlackRock, FIL Investments and Henderson Global Investors have agreed to buy up a […]

Deliveroo to deliver $7 billion dual-class London listing

Deliveroo plans a London stock market listing that could value the British food delivery firm at around $7 billion and mark the biggest new share issue in Britain in three years. The Deliveroo IPO is one of the most eagerly watched-for initial public offerings (IPOs) expected in London in the first half of 2021, after […]

Philippine food maker Monde Nissin files for up to $1.3 billion IPO

The Philippines’ Monde Nissin Corp, maker of ubiquitous Lucky Me! instant noodles, on Thursday filed for an up to 63 billion peso ($1.3 billion) IPO, in what is set to be the country’s largest-ever listing. The owner of meat alternative Quorn is seeking regulatory approval to sell as many as 3.6 billion primary shares at […]

Alphabet-backed Oscar Health raises $1.2 billion in IPO

Oscar Health Inc, a health insurance startup backed by Google parent Alphabet Inc, sold shares in its IPO on Tuesday at $39 apiece, above its target range, to raise $1.2 billion. The IPO gives New York-based Oscar Health a market value of $7.7 billion. The target price range on the offering of 31 million shares […]

The SPAC Bubble Is About to Burst

It’s not yet two months old, but 2021 already looks poised to outdo 2020 in one area: SPACs, or special purpose acquisition companies, raised around $26 billion in January this year in the United States, nearly a third of the record $83 billion collected by 248 SPACs over the whole of 2020. These so-called “blank […]

Robinhood plans confidential IPO filing as soon as March

Online brokerage Robinhood, at the centre of this year’s retail trading frenzy, is planning to file confidentially for an initial public offering as soon as March, Bloomberg News reported late on Friday, citing sources The California-based brokerage has held talks in the past week with underwriters about moving forward with a filing within weeks, Bloomberg […]