Deliveroo to Raise $1.4 Billion in IPO After Lockdown Surge
Food-delivery company Deliveroo is seeking to raise 1 billion pounds ($1.4 billion) in a London stock market listing, buoyed by a rise in demand for its services during lockdowns. Besides the 1 billion pounds of new stock, existing investors plan to sell shares, Deliveroo said in a statement Monday, without providing details. Deliveroo, whose backers […]
Global SPAC deal volumes this year surpass total for 2020
Global blank-check deal volumes, or mergers through special purpose acquisition companies (SPACs), have surged to a record $170 billion this year, already outstripping last year’s total of $157 billion, Refinitiv data showed. The record number of deals comes as SPACs are emerging as a popular IPO alternative for companies, providing startups with a path to […]
KKR-Backed Applovin Files for IPO
Mobile apps company Applovin Corp. filed for a U.S. initial public offering, disclosing that it flipped from a profit to a loss last year despite revenue gains. The Palo Alto, California-based company in its filing Tuesday listed the amount of the IPO as $100 million, a placeholder that will likely change. The number of shares […]
Belgian Soccer’s Club Brugge to Go Public in Brussels IPO
Belgian soccer team Club Brugge is planning an initial public offering in Brussels. The runaway leaders of Belgium’s top division published an intention to float document Wednesday. Credit Suisse Group AG, JPMorgan Chase & Co., Berenberg and Belfius Bank have been appointed to work on the IPO on Euronext. Grizzly Sports NV, a shareholder group […]
Insurance IT firm CCC Information to go public via $7-bln SPAC deal
CCC Information Services said on Wednesday it was going public through a merger with blank-check firm Dragoneer Growth Opportunities Corp, in a deal that valued the data and technology provider to auto and insurance firms at about $7 billion. The deal is expected to fetch CCC Information $968 million, including a $150 million private investment from […]
