Private equity group Bridgepoint set for £2bn London listing

Firm that has backed Itsu and Burger King’s UK arm is planning to raise £300m in stock market float Bridgepoint, the private equity group behind the restaurant group Itsu, online cycling specialist Wiggle and the UK arm of Burger King, is planning to raise £300m with a stock market flotation in London. The listing, expected […]

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, […]

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 […]

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 […]

UK car seller Cazoo to join NYSE through Dan Och-backed SPAC

British online car seller Cazoo Holdings Limited has agreed to go public in New York through a merger with AJAX I Acquisition Corp, a blank-check acquisition company led by billionaire U.S. investor Dan Och, it said on Monday. The deal with AJAX I, a special purpose acquisition company (SPAC) listed on the New York Stock […]

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 […]

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 […]

Low-cost carrier Frontier aims for $4.52 billion valuation in U.S. IPO

Frontier Group is aiming for a valuation of $4.52 billion in its U.S. initial public offering (IPO), according to a regulatory filing by the low-cost carrier on Tuesday, as the industry prepares for a rebound from pandemic-driven travel lows. U.S. airlines are beginning to emerge from the pandemic-induced crisis that has opened doors for carriers […]

KKR-backed AppLovin sets $1 billion as new placeholder amount for U.S. IPO

U.S. mobile app and gaming company AppLovin Corp, which is backed by private equity giant KKR & Co Inc, said on Monday it is aiming to raise $1 billion in an initial public offering. However, AppLovin did not reveal the number of shares it plans to offer to investors or the price range for its offering, […]