IPOs - All Articles

  • Dr. Martens trades up despite volatility

    Shares in Dr. Martens, the UK bootmaker, rose above their IPO price on Friday morning despite volatility driving losses in the stock market more broadly.

    • 29 Jan 2021
  • Moonpig shuts books early as funds pile in

    Moonpig, the UK online greetings card company, is increasing the size of its IPO and pricing the deal early after a deluge of orders for stock from investors.

    • 29 Jan 2021
  • Brookfield readies Rp38bn Indian Reit IPO

    Brookfield Asset Management is set to launch India’s third real estate investment trust IPO next week, as it aims to raise Rp38bn ($520.8m) from a mix of new and existing stock.

    • 29 Jan 2021
  • Kuaishou steals the show with bumper Hong Kong listing

    Chinese video-sharing platform Kuaishou Technology is generating huge demand for its IPO, which could be worth as much as HK$42bn ($5.4bn). The deal, set to be the largest primary listing globally since 2019, shows the growing interest around short video companies. Jonathan Breen reports.

    • 28 Jan 2021
  • InPost soars on first morning of trading

    The IPO of InPost, the Polish provider of postal lockers, soared on its first day of trading on Euronext Amsterdam.

    • 27 Jan 2021
  • Big demand for Huuuge IPO as books open

    Huuuge, the Polish social and mobile gambling company, has set a price range for its listing on the Warsaw stock exchange valuing it at up to $1.2bn.

    • 27 Jan 2021
  • Supreme lists in London, raising £67.5m

    Supreme, the manufacturer of liquids for vapes, has successfully concluded its flotation of London’s alternative investment market (AIM).

    • 27 Jan 2021
  • ‘Heavily oversubscribed’ Doc Martens IPO shuts early

    The IPO of Dr Martens, the UK bootmaker, shut on Thursday, two days earlier than planned after the company attracted heavy demand in its first few days of bookbuilding.

    • 27 Jan 2021
  • Hyundai Heavy eyes W1tr from 2021 IPO

    Hyundai Heavy Industries Co is planning an IPO later this year in South Korea. It is looking to raise W1tr ($905.5m) to invest in new technologies.

    • 27 Jan 2021
  • Southeast Asia internet investor Catcha plans Spac IPO

    Malaysia-based Catcha Group is floating a southeast Asia-focused special purpose acquisition company (Spac) on the New York Stock Exchange.

    • 27 Jan 2021
  • Moonpig sets IPO range

    Moonpig, the online greetings card company, has set a price range on its IPO, which values the company at almost £1.2bn at the top of the range.

    • 26 Jan 2021
  • Asia’s Spac IPOs are best done away from home

    The Singapore Exchange’s plan to get in on the rush to list special purpose acquisition companies (Spacs) is a bold move that could give it an edge over regional rivals. But there are plenty of obstacles — and its efforts may well be futile.

    • 26 Jan 2021
  • MicroPort, Basecare Medical launch HK IPOs

    Chinese healthcare duo MicroPort CardioFlow Medtech Corp and Suzhou Basecare Medical Corp have kicked off their Hong Kong IPOs after a week of pre-marketing.

    • 26 Jan 2021
  • AUTO1 sets price range, announces cornerstones

    AUTO1, the online marketplace for secondhand cars, has revealed the price range on its Frankfurt IPO. Two cornerstone investors have committed to buy throughout the range.

    • 25 Jan 2021
  • InPost to price IPO at top and close early

    The IPO of InPost, the Polish provider of postal lockers, is due to be priced at €16, the top of the initial range, valuing the company at €8bn when it begins trading on the Amsterdam Stock Exchange later this week.

    • 25 Jan 2021
  • Kuaishou launches jumbo $5.4bn Hong Kong IPO

    Chinese video-sharing platform Kuaishou Technology, a rival to TikTok parent ByteDance, has started testing investor appetite for Hong Kong's largest IPO in over two years as it seeks HK$42bn ($5.42bn).

    • 25 Jan 2021
  • Momentum builds for AUTO1 IPO ahead of bookbuild

    Books are set to open on the IPO of AUTO1, the online marketplace for second hand cars, next week with the deal garnering good momentum in the pre-deal education process, according to sources close to the deal.

    • 22 Jan 2021
  • GlobalCapital ECM awards: polls open

    GlobalCapital has launched the process to decide the winners of our Equity Capital Markets Awards for 2020. The results will be announced at the end of March.

    • 22 Jan 2021
  • Primavera Capital nets $360m from Spac IPO

    Primavera Capital Acquisition Corp, a so-called blank cheque company, has raised $360m from a larger-than-expected New York Stock Exchange IPO that has added further momentum to the increasingly hot asset class.

    • 22 Jan 2021
  • Cornerstones go mainstream for European IPOs

    Companies are increasingly turning to cornerstone and anchor investors to support their IPOs across the price range before deals are launched. While the phenomenon is common in Asia and the Nordic markets, it has been rarer in UK and most continental European deals until now, but the trend is turning into the norm, reports Sam Kerr.

    • 21 Jan 2021
  • Gold rush: Russian miners prep IPO plans

    Two Russian gold miners are among a number of Russian companies looking at listing possibilities in 2021 capitalising on a strong 2020 for the precious metal.

    • 21 Jan 2021
  • InPost sets range on IPO that could reach €3.2bn

    InPost, the Polish provider of postal lockers, has set a price range for its IPO on the Amsterdam stock exchange, valuing it at €8bn at the top.

    • 21 Jan 2021
  • China’s RLX draws in $1.4bn from bigger US IPO

    Chinese vape company RLX Technology raised $1.4bn from its US listing this week, pricing the deal above the marketed range after a huge turnout from investors.

    • 21 Jan 2021
  • Chinese firms Adagene, Cloopen eye US listings

    Cloopen Group Holding, a cloud-based communication provider, is planning to raise at least $100m from a US IPO of American depositary shares (ADS).

    • 20 Jan 2021
  • Eurostar's begging letter shows tunnel vision

    Eurostar, the company which runs trains through the Channel Tunnel between London and Europe, is angling for a UK government-backed bailout loan. It is a ruse that can most generously be described as cheeky. If the company really needs cash to survive, there are many more appropriate ways of raising it in the capital markets.

    • 19 Jan 2021
  • Moonpig gets early IPO momentum with cornerstones

    Moonpig, the online greetings card company, has started its IPO process with a boost, announcing two big cornerstone orders at the beginning of investor education. Meanwhle, Dr Martens, the UK bootmaker, has published its intention to float on the London Stock Exchange without cornerstones, but sources say that either cornerstones or anchors are a strong possibility on that deal.

    • 19 Jan 2021
  • UK biotech firms eye Nasdaq listings

    Immunocore, the UK biotech company, has filed for an IPO on the Nasdaq in New York following a $75m series ‘C’ funding round which concluded last week.

    • 19 Jan 2021
  • China-focused Primavera Spac readies $300m IPO

    Primavera Capital Acquisition Corp, a special purpose acquisition company, is set to launch a $300m IPO on the New York Stock Exchange this week, extending a recent boom in Asia-focused Spacs.

    • 19 Jan 2021
  • Credit Suisse forms new Japan ECM franchise

    Credit Suisse has boosted its investment banking operation in Japan by creating a new equity capital markets unit in the country.

    • 19 Jan 2021
  • Vape liquid maker Supreme lines up London flotation

    Supreme plc, the Manchester-based maker of vaping liquids for e-cigarettes, is preparing to go public on London’s alternative investment market (AIM).

    • 18 Jan 2021
  • Big deal: Huuuge launches Warsaw IPO

    Huuuge, the Polish social and mobile gambling company, revealed on Monday that it is seeking to list on the Warsaw stock exchange. The deal will be the latest in a long line of digitally focused companies to announce IPO plans.

    • 18 Jan 2021
  • HK IPO market gathers steam with Kuaishou leading the way

    Kuaishou Technology, a video-sharing and social media platform, has begun drumming up interest among investors for a multi-billion-dollar Hong Kong IPO.

    • 18 Jan 2021
  • E-cigarette maker RLX Tech covers $1.2bn IPO

    Chinese e-cigarette manufacturer RLX Technology has drawn enough early demand to well oversubscribe its US IPO worth up to $1.16bn, according to a source familiar with the matter.

    • 18 Jan 2021
  • Indigo Paints readies Rp12bn listing

    Sequoia Capital-backed Indigo Paints has fixed the price band for its up to Rp11.7bn ($159.9m) IPO, which is set to open next week.

    • 15 Jan 2021
  • PTT Oil fixes price range for jumbo Thai IPO

    PTT Oil and Retail Business has set the price guidance for its long-awaited IPO. It is aiming to raise up to Bt46.98bn ($1.57bn) from the country’s largest listing in a year.

    • 15 Jan 2021
  • Europe’s digital IPO revolution gains steam

    European investors have become a rich source of equity capital for the continent’s consumer facing, fast growing tech firms over the last few years, providing them with an alternative to listing in the US. Now, these fruits are ripening and Europe’s 2021 IPO calendar is set to provide a bumper harvest, writes Sam Kerr.

    • 14 Jan 2021
  • Hut attracts huge demand in first block since IPO

    Investors flocked to the first block trade in The Hut Group (THG), the UK e-commerce company that was listed on the London Stock Exchange in September, in an overnight trade on Wednesday evening.

    • 14 Jan 2021
  • Spacs jump-start in Asia after US boom sparks overseas interest

    Thiel Capital, the investment firm of billionaire venture capitalist Peter Thiel, this week launched its second southeast Asia special purpose acquisition company (Spac) in less than four months. The deal marks a coming trend in Asia-focused ‘blank cheque companies’, say bankers. Jonathan Breen reports.

    • 14 Jan 2021
  • AUTO1 revs up listing plans

    AUTO1, one of Europe’s largest digital marketplaces for the sale of second hand cars, has joined the continent’s burgeoning IPO pipeline.

    • 13 Jan 2021
  • Locker company InPost preps €2.5bn-plus IPO

    InPost, the Polish provider of postal lockers, has launched an IPO on the Amsterdam stock exchange, seeking to build on the momentum of compatriot e-commerce companies in equity capital markets, as exemplified by Allegro's IPO last year.

    • 13 Jan 2021
  • IRFC sets $634m IPO rolling

    Indian Railway Finance Corp (IRFC) will hit the market next week with the country’s first IPO of the year. It is on track to raise up to Rp46.33bn ($633.7m).

    • 13 Jan 2021
  • Lenovo, Megvii plan CDR listings in Shanghai

    Lenovo Group and Megvii Technology are planning to sell Chinese depository receipts (CDRs) on the Nasdaq-style Star market in Shanghai.

    • 13 Jan 2021
  • Bilibili readies $2.5bn HK IPO for February launch

    Chinese video sharing and gaming platform Bilibili is on track to launch its Hong Kong secondary listing within a month. It is aiming to raise around $2.5bn, according to a source close to the deal.

    • 13 Jan 2021
  • Moonpig looks to deliver IPO in next few weeks

    Moonpig, the UK online cards and gifts company, has published a registration document to list on the London Stock Exchange. Sources close to the deal are confident there is enough demand for it to become one of 2021’s early success stories.

    • 12 Jan 2021
  • E-Star Commercial gets nod for Hong Kong IPO

    Greater Bay Area-based E-Star Commercial Management has submitted an updated prospectus to Hong Kong’s bourse after winning approval to list.

    • 12 Jan 2021
  • Dr Martens takes first step towards £1bn-plus IPO

    Dr Martens, the manufacturer of boots and shoes, filed initial paperwork for a flotation on the London Stock Exchange on Monday. The deal could be larger than £1bn ($1.37bn), according to sources speaking to GlobalCapital.

    • 11 Jan 2021
  • State-owned NHAI mandates for Rp50bn InvIT

    The National Highways Authority of India has picked banks for the potential Rp50bn ($680.5m) IPO of an infrastructure investment trust, according to a source close to the deal.

    • 11 Jan 2021
  • Tencent-backed Linklogis eyes Hong Kong listing

    Linklogis, a technology-based supply chain finance company, is planning to float in Hong Kong, and has filed a draft IPO prospectus with the city’s stock exchange.

    • 11 Jan 2021
  • Chicken producer Widodo Makmur hatches IPO plan

    Indonesian chicken producer Widodo Makmur Unggas is aiming to raise up to Rph1.18tr ($84m) from the country’s largest IPO in over a year.

    • 11 Jan 2021
  • French IPOs to rebound in 2021

    French IPOs dried up last year as the Covid-19 pandemic derailed companies' plans to go public. This year is likely to be different.

    • 08 Jan 2021
  • Gracell Biotech boosts US IPO size to $209m

    Gracell Biotechnologies has raised $209m from its Nasdaq IPO after increasing the size of the float and pricing the deal above the initial marketed range.

    • 08 Jan 2021
  • Chinese IPOs in US still on despite NYSE flip-flops

    The New York Stock Exchange’s flip-flop on whether to delist three Chinese telecommunications giants caused plenty of confusion in the market this week, but mainland companies are still keen to sell shares in the US. Jonathan Breen reports.

    • 07 Jan 2021
  • Ivanhoe Spac nets $240m, eyes new energy industries

    Singapore-based Ivanhoe Capital listed a special purpose acquisition company (Spac) on the New York Stock Exchange this week, raising $240m after increasing the size of the float.

    • 07 Jan 2021
  • Ivanhoe Spac targets US IPO for green energy investments

    Singapore-based Ivanhoe Capital, led by mining billionaire Robert Friedland, is floating a special purpose acquisition company (Spac) on the New York Stock Exchange.

    • 06 Jan 2021
  • Renewable energy PE firm looks to float in London

    Foresight Group, the infrastructure private equity company, is seeking to list on the London Stock Exchange hoping to capitalise on momentum among investors for renewable energy companies.

    • 05 Jan 2021
  • Gracell Biotech launches $159m US IPO

    Chinese clinical-stage company Gracell Biotechnologies has kicked off the roadshow for its Nasdaq listing, eyeing up to $158.9m in proceeds.

    • 05 Jan 2021
  • Stocks soar on good news but pandemic looms over ECM

    Equity markets opened on a high on the first day of trading in 2021 and there are hopes that positive macro headwinds will provide strong momentum for equity capital markets deals. This is despite the Covid-19 pandemic still causing concern as cases rise and governments introduce tough restrictions to fight it.

    • 04 Jan 2021
  • Yidu Tech, Strawbear set to be 2021's first HK listings

    A trio of Chinese companies, including healthcare technology provider Yidu Tech and television series producer Strawbear Entertainment Group, kicked off their IPOs in Hong Kong at the end of December as they prepare to be the first new firms to start trading on the bourse in 2021.

    • 04 Jan 2021