Pizza Hut aims to topple Domino’s as owners mull ASX IPO
Iconic fast-food chain Pizza Hut has declared ambitions to unseat rival Domino’s as the nation’s dominant pizza chain, as its private equity owner Allegro Funds explores a possible ASX float of the business. Pizza Hut, which has fallen in popularity since its heyday in the 80s and 90s, has been buoyed by recent investor appetite […]
Rickitt Mitchell In Strong Position Ahead Of Busy Period
Manchester-headquartered Rickitt Mitchell entered 2021 in a strong position, a partner at the corporate finance firm has told Insider, with the company readying itself for a busy period. Neil Mitchell has advised shareholders and management teams on a wide range of transactions, including MBOs, disposals, acquisitions, private equity investment and IPOs. Speaking to Insider, he […]
Indigo Paints to come up with its IPO on January 20. All you need to know
For the initial share sale ₹1,488- ₹1,490 has been set as the price band. The public issue would get ₹1,170.16 crore at the upper end of the price band. Indigo Paints is coming up with its initial public offering (IPO) this week. The company ranks fifth in the decorative paints industry in India. The public […]
Affirm Raises $1.2B, Pricing Above Range In Hot IPO Market
Online lender Affirm Holdings Inc. (NASDAQ: AFRM) has raised roughly $1.2 billion by pricing its initial public offering (IPO) at $49 per share, above the expected range of $41 to $44, the company announced Tuesday. What Happened: Affirm is a fintech company providing installment loans to online shoppers and is led by PayPal Holdings Inc […]
Investment manager to pursue IPO next month
Infrastructure and private equity investment manager Foresight Group is set to float on the London Stock Exchange next month as the company pursues funding for its acquisition strategy. In an update to the market this morning (January 12) Foresight confirmed it would proceed with an initial public offering in February which would see 50 per […]
Indigo Paints Receives SEBI Approval To Float IPO
The IPO will comprise fresh issuance of shares aggregating to ₹ 300 crore and an offer-for-sale of up to 58,40,000 equity shares by private equity firm Sequoia Capital Indigo Paints has received approval from the capital markets regulator SEBI to raise money through an initial public offering (IPO). The Sequoia Capital-backed Indigo Paints had filed its preliminary […]
Dizzying Valuations, IPO Craze Tick Boxes on Bubble Checklist
The IPO market is manic. Stocks haven’t been this expensive since the dot-com era. The Nasdaq 100 has doubled in two years, leaving its valuation bloated — all while volatility remains stubbornly high. It’s a setup that’s left investors sitting on fat returns from 2020, a year that defied easy explanation. It’s also one that […]
New type of direct listing promises cheaper, more lucrative IPOs
The SEC approved primary direct floor listings in December. Critics worry these new listings will brew trouble. Companies can go public quicker, cheaper and with the potential to raise more capital using a new type of direct listing — known as a primary direct floor listing — the Securities and Exchange Commission (SEC) approved just […]
Markets shock in 2020 gives way to IPO boom
Stock listings flourish in aftermath of hit from coronavirus pandemic Companies raised more money through stock market listings in 2020 than in any year besides 2007, as a rebound in equities valuations lured in businesses and blank-cheque acquisition vehicles rushed to list in the US. Businesses raised almost $300bn through flotations globally in 2020, including […]
Secondary market likely to be aided by GP-led deals
Big increase in deals seen as industry adjusts after COVID-19 disruptions Alternative investment general partner-led secondary market transactions are expected to increase in 2021, giving managers additional exit options and relieving the pressure of selling companies during the COVID-19 pandemic. GP-led transactions involving single assets or portfolios are not just for troubled funds. Alternative investment […]
