3D printer maker Markforged to go public via $2.1 bln SPAC deal
3D printer maker Markforged said on Wednesday it agreed to go public through a merger with a blank-check firm backed by venture investor Kevin Hartz, in a deal valuing the equity of the combined company at $2.1 billion The deal with one, sponsored by ticketing site Eventbrite Inc founder Hartz, is expected to provide the […]
SoftBank Vision Fund set for new portfolio champion with Coupang IPO
SoftBank’s $100 billion Vision Fund is poised to have a new number-one asset in its portfolio with the upcoming floatation of top South Korean e-tailer Coupang, furthering a turnaround that has seen the fund yo-yo from huge losses to record profit. The $50 billion target valuation that Reuters reported this month would likely see the […]
Quebec’s Novacap closes its biggest ever private equity fund on heels of $2-billion Nuvei gain
Joann Inc., the fabric and craft store, filed for an initial public offering a decade after being taken private by buyout firm Leonard Green & Partners. The Hudson, Ohio-based company in its filing Wednesday with the U.S. Securities and Exchange Commission listed the size of the offering as $100 million, a placeholder that will likely […]
Mobile bank MoneyLion to go public via blank-check merger in $2.9 billion deal
Mobile banking platform MoneyLion Inc said on Friday it has agreed to go public through a merger with blank-check firm Fusion Acquisition Corp, in a deal that values the equity of the combined company at $2.9 billion. MoneyLion said it expects the combined company, which will have an enterprise value of $2.4 billion, to get […]
The Bumble IPO And Blackstone’s Private Equity Gold Mine
The $2.2 billion initial public offering of dating application Bumble on Thursday went off like so many before it. Bumble’s bankers upped its IPO price about 50% from an initial range to meet fierce demand for shares, but it didn’t tame the raging animal spirits of investors bidding up tech stock valuations into the stratosphere. […]
Payments firm Flywire plans IPO at $3 billion valuation: sources
(Reuters) – Flywire Corp has hired investment banks to prepare for a U.S. initial public offering (IPO) later this year that could value the payments processor at around $3 billion, people familiar with the matter said on Friday. Flywire is working with Goldman Sachs Group Inc and JPMorgan Chase & Co on the listing, which […]
Dr Martens boss set for ‘£58m windfall’ in stock market listing
Bosses at iconic British bootmaker Dr Martens are set for a bumper pay day as its London stock market listing edges closer. This month, the company confirmed it would IPO, floating after more than 60 years in business. Final offer pricing will be announced following the book-building process, although it has been reported that bankers […]
Polish locker company InPost valued at 7 billion-8 billion euros in IPO
WARSAW (Reuters) – Polish parcel locker firm InPost has set its price range in an initial public offering (IPO) in Amsterdam at 14-16 euros per share, which implies a valuation at 7 billion-8 billion euros, confirming an earlier Reuters report. The business is widely used in Poland by sellers on online commerce platform Allegro, which […]
Luxury fashion platform Mytheresa valued at $2.2 billion in U.S. IPO
(Reuters) – Munich-based luxury fashion platform Mytheresa has raised $406.8 million in its U.S. initial public offering (IPO), valuing the e-commerce site at a higher than expected $2.2 billion. The company is a digital platform that sells products from luxury fashion brands. Its listing this week comes at a time when restrictions to stop the […]
Goldman chief executive says Spac boom is unsustainable
David Solomon issues warning after financing tool is used to raise nearly $79bn from investors last year. David Solomon, Goldman Sachs chief executive, says the boom in listings of blank-cheque companies on Wall Street is unsustainable, casting doubt on a financing tool used to raise nearly $79bn from investors last year. Speaking to analysts as […]
