IPOs - All Articles

  • Tidjane Thiam's New York Spac raises $300m

    A new special purpose acquisition company backed by Tidjane Thiam, the former CEO of Credit Suisse, has raised $300m from investors.

    • 26 Feb 2021
  • Cheerwin gauges appetite for HK listing

    Cheerwin Group, a Chinese company that makes personal and household care products, has thrown open its up to HK$3.1bn ($400m) Hong Kong IPO, testing investor appetite following a slump in the benchmark index this week over a planned increase in the stamp duty paid on stock trading.

    • 26 Feb 2021
  • Demand for growth stocks stays strong despite Nasdaq fall

    A sell-off on Wall Street this week has left many wondering how far the equity rally can go before rising inflation spoils the party for innovative companies. But a big pipeline of tech IPOs is still set to emerge.

    • 25 Feb 2021
  • SciClone Pharma prices HK$2.2bn IPO at top end

    SciClone Pharmaceuticals bagged HK$2.18bn ($281.2m) after pricing its IPO high on the back of storming demand from institutional and retail investors, according to sources close to the deal.

    • 25 Feb 2021
  • India’s ReNew to list on Nasdaq via $8bn Spac deal

    Indian renewable energy company ReNew Power is planning to list on the Nasdaq in the US through an $8bn merger with a special purpose acquisition company (Spac).

    • 25 Feb 2021
  • Vantage Towers taps demand for yield with €3bn Frankfurt float

    Vantage Towers, the telecoms towers unit of Vodafone, has launched its long-awaited flotation on the Frankfurt Stock Exchange, having announced its intention to float on Wednesday.

    • 24 Feb 2021
  • Investors bid up Auction Technology Group stock

    Auction Technology Group, the UK developer of proprietary software for online auctions, has surged by more than 30% in the aftermarket after completing its £273m IPO on the London Stock Exchange on Tuesday.

    • 23 Feb 2021
  • HK IPO retail frenzy needs to be kept in check

    The huge retail investor demand for some recent Hong Kong IPOs has caught the stock exchange’s attention, leading to an investigation into how retail accounts place orders. The move will offer some welcome relief to institutional investors losing out on some of the city’s largest listings.

    • 23 Feb 2021
  • L Catterton’s Asia unit eyes $250m Spac

    L Catterton Asia Acquisition Corp, a special purpose acquisition company (Spac), is planning a $250m IPO, according to a filing with the US regulator.

    • 23 Feb 2021
  • Fix Price confirms intention to float

    Fix Price, the Russian discount retailer, has confirmed its intention to float in London and Moscow, paving the way for a $1bn-plus IPO.

    • 22 Feb 2021
  • Lakestar boosts Europe’s nascent Spac scene

    Shares in Lakestar Spac I, a new special purpose acquisition company backed by German venture capitalist Klaus Hommels, have surged by more than 11% in the aftermarket after they began trading on the Frankfurt Stock Exchange on Monday.

    • 22 Feb 2021
  • Blackstone-backed Sona Comstar eyes Rp60bn listing

    Indian auto parts firm Sona Comstar is set to file paperwork for an up to Rp60bn ($827.9m) IPO, according to a source close to the deal.

    • 22 Feb 2021
  • Joinn Labs prices IPO high in scorching market

    Joinn Laboratories has sealed its HK$6.54bn ($843.8m) listing at the top of the price range, tapping into Hong Kong’s IPO market as demand hits fever pitch, according to a source familiar with the matter.

    • 22 Feb 2021
  • Cint brings Europe’s tech IPO wave to Nordics

    Cint, a digital market research company, has priced a Skr5.96bn ($720m) IPO on Nasdaq Stockholm, the largest new listing on the exchange this year.

    • 19 Feb 2021
  • Klaus Hommels' Spac raises €275m

    Lakestar Spac I, a new special purpose acquisition company backed by German venture capitalist Klaus Hommels, has priced its IPO on the Frankfurt Stock Exchange, raising €275m.

    • 19 Feb 2021
  • SciClone Pharma launches $281m Hong Kong IPO

    SciClone Pharmaceuticals, which manufactures a possible treatment for the coronavirus, hit the IPO market with a HK$2.18bn ($281.2m) offering on Friday.

    • 19 Feb 2021
  • People moves in brief

    HSBC chooses chief sustainability officer — JP Morgan creates European unit for Spacs — Piero Novelli to quit UBS

    • 18 Feb 2021
  • Coupang lines up $3bn IPO as US sees rare visit from Korea

    South Korean e-commerce firm Coupang is set for a multi-billion-dollar New York IPO — the first US listing from the country for a decade. The deal structure could appeal to other Korean start-ups, bankers said this week. Jonathan Breen reports.

    • 18 Feb 2021
  • Macrotech builds new IPO plans

    Macrotech Developers, an Indian real estate company that was called Lodha Developers until mid-2019, has revived plans for a listing under its new name, three years after its last attempt at an IPO.

    • 18 Feb 2021
  • New Frankfurt-listed Spac joins rush to market in Europe

    The rush of Spac IPOs in Europe is continuing, with the launch of a new Frankfurt-listed cash shell backed by Klaus Hommels, focused on acquiring a company in the technology sector.

    • 17 Feb 2021
  • JD.com readies spin-off of logistics business in HK

    The logistics unit of Chinese internet company JD.com is planning to list in Hong Kong through a multi-billion-dollar IPO.

    • 17 Feb 2021
  • Indian government puts RailTel on the IPO market

    RailTel Corporation of India, a state-owned information and communication technology infrastructure provider, has received strong and early retail support for its upto Rp8.19bn ($112.4m) IPO.

    • 17 Feb 2021
  • Bullish sentiment dominates as equity deals roll on

    It is the year of the ox in China and for equity investors 2021 is the year of the bull. Stock buyers continue to be optimists despite the economic ravages of the Covid-19 pandemic and are convinced that the spread of vaccinations across the globe will soon kick-off a festival of consumer spending.

    • 16 Feb 2021
  • JPM creates European Spacs team as craze takes hold

    JP Morgan has appointed a new team of senior investment bankers focused on special purpose acquisition companies in Europe, after over $100bn was raised over the past year by cash shells, mostly in the US.

    • 16 Feb 2021
  • Teahouse chain Nayuki brews Hong Kong listing

    Chinese teahouse chain Nayuki Holdings has set its Hong Kong IPO in motion, having dropped an earlier plan to list in the US.

    • 16 Feb 2021
  • Korean e-commerce leader Coupang unveils US IPO plans

    Coupang, an e-commerce company, is planning a $1bn IPO in the US as it gets ready to become the first South Korean firm to list in New York in 10 years.

    • 16 Feb 2021
  • Joinn Labs launches $844m Hong Kong IPO

    Mainland China-listed Joinn Laboratories has begun bookbuilding for its up to HK$6.54bn ($843.9m) Hong Kong IPO, becoming one of the first companies to hit the equities market following the Chinese New Year break.

    • 16 Feb 2021
  • Cordiant Capital floats new digital infrastructure fund

    Cordiant Digital Infrastructure Ltd, a new fund focused on opportunities in digital infrastructure, has finished its IPO on the London Stock Exchange, raising £370m.

    • 15 Feb 2021
  • Vivendi opts to spin off Universal Music in Amsterdam

    Universal Music, the international music company owned by Vivendi, will be spun off on the Amsterdam stock exchange, with the French firm distributing around 60% of the company to its shareholders.

    • 15 Feb 2021
  • Russian discount retailer preps for $1bn-plus IPO

    Fix Price, the Russian owner of discount variety stores, filed initial paperwork for listings in London and Moscow on Monday. The company gives investors a very different sort of offering than recent European tech listings but is still providing buyers with huge growth metrics.

    • 15 Feb 2021
  • Mustier leads wave of Spac IPOs in Europe

    The Spac craze that has swept US stock markets has spread to Europe with a new vehicle called Pegasus set to be listed in Amsterdam. The Spac is led by former UniCredit CEO Jean-Pierre Mustier, LVMH founder Bernard Arnault and Tikehau Capital and is expected to prompt a wave of new issuance, according to sources speaking to GlobalCapital.

    • 15 Feb 2021
  • Dutch SPAC ESG Core Investments raises €250m

    ESG Core Investments has become the first European special purpose acquisition company to go public in 2021.

    • 12 Feb 2021
  • Green equity issuance ready to come of age

    Renewable energy companies have rushed to the European equity capital markets in 2021 to issue about $2.3bn of paper, according to Dealogic data. The figure is by far the best ever start to a year for green equity issuance, and with investor demand for paper increasing, sources predict there will be much more supply to meet it.

    • 11 Feb 2021
  • New Horizon seals high price for $263m HK IPO

    New Horizon Health, a medical device manufacturer, has scooped up HK$2.04bn ($263.4m) from its IPO after strong institutional investor demand pushed pricing up to the top of the marketed range.

    • 11 Feb 2021
  • IPO candidate IVC Evidensia gets private funding

    IVC Evidensia, Europe’s largest veterinary care provider, backed by Swedish private equity firm EQT, has announced the results of a private equity capital raising on Tuesday. The company was reported to be considering a London listing this year, but this new raise might delay that listing.

    • 10 Feb 2021
  • ION founder lists second SPAC in US

    A blank cheque company fronted by Andrea Pignataro, the founder and executive chairman of trading software and financial data group ION, has listed on the Nasdaq, raising $300m.

    • 10 Feb 2021
  • Cloopen shares soar after pricing above range

    Chinese cloud-based communications provider Cloopen Group Holdings saw its stock price triple on the first day of trading, after sealing a $320m IPO above the marketed range.

    • 10 Feb 2021
  • Equity bubble a golden opportunity for Russian miner

    Ever rising stock prices, despite the ravages of the Covid-19 pandemic and a looming global recession, have prompted fears that equity markets are becoming frothy or even a bubble. In such an environment, many investors begin to turn to safer assets and Vladislav Barshinov, CEO of Russia’s GV Gold, is hoping that investors will look to gold as his company considers the possibility of an IPO in 2021.

    • 09 Feb 2021
  • London’s IPO market should not be a closed shop

    Retail shareholders have been excluded from a string of recent hot IPOs on the London Stock Exchange. This does little to dispel accusations that financial markets are the preserve of the elite.

    • 09 Feb 2021
  • Investors pile into French hydrogen IPO

    Hydrogen Refueling Solutions, a French company that designs and manufactures refuelling stations, has priced a popular IPO on the Euronext Paris exchange, the latest sign that hydrogen technology is gaining mainstream enthusiasm among green investors.

    • 09 Feb 2021
  • Betta Pharma eyes Hong Kong listing

    China-based Betta Pharmaceuticals, a developer of cancer treatments, is planning a Hong Kong IPO, having filed draft paperwork with the city’s stock exchange on Monday.

    • 09 Feb 2021
  • Tech equity deals retain appeal in 2021

    Equity investors have maintained a focus on gaining exposure to tech stocks so far this year in the primary market, dispelling fears that high-growth digital companies might lose out to cyclical, value stocks that might benefit from the reopening of economies from the Covid-19 pandemic.

    • 08 Feb 2021
  • German stocks continue strong run

    German stocks have continued to be among the best performing in Europe in 2021, fuelling momentum in the country’s equity capital markets.

    • 08 Feb 2021
  • 'Covid-19 winner' ATG launches IPO with cornerstones

    Auction Technologies Group (ATG), the UK technology company that runs online auctions and produces proprietary software for online auctions, has begun investor education for its IPO on the London Stock Exchange and has secured cornerstone orders for the deal.

    • 08 Feb 2021
  • HH&L Spac nets $360m from bigger IPO

    HH&L Acquisition Corp has bagged $360m after increasing the size of its New York Stock Exchange IPO, in yet another sign that Asia-focused blank cheque companies are surging in popularity.

    • 08 Feb 2021
  • Brookfield India Reit seals $522m listing

    Brookfield Asset Management has pulled off India’s third ever real estate investment trust IPO, raising Rp38bn ($521.7m) as strong demand covered the deal multiple times over.

    • 08 Feb 2021
  • UK biotech firms extend rush to US stock market

    Huge demand for exposure to biotech companies among US equity investors is continuing to drive UK firms to list on the other side of the Atlantic through an IPO on the Nasdaq. On Thursday, Immunocore, a late-stage biotech firm focused on T-cell technology, priced an enlarged offering on the exchange and, on Friday, UK healthcare investor Syncona announced it was exploring a US IPO for one of its portfolio companies.

    • 05 Feb 2021
  • New Horizon covers IPO books

    Medical device manufacturer New Horizon Health has pulled in early demand to cover its Hong Kong IPO multiple times over, according to a source familiar with the matter.

    • 05 Feb 2021
  • ThaiBev readies jumbo Singapore spin-off

    Thai Beverage is preparing to spin off and list its brewery business, BeerCo, on the Singapore Exchange in a deal expected to raise as much as $2bn.

    • 05 Feb 2021
  • Europe’s resilient new IPOs sail through stormy seas

    Europe’s IPO market is off to a flying start in 2021 with deals pricing well and trading up in the aftermarket. Most importantly, Europe’s most recent new listings have stayed above water, despite last week’s heightened volatility. Sources are hoping the new fashion for building resilient deals will mean the IPO market can weather any storms coming ahead.

    • 04 Feb 2021
  • Foresight Group closes IPO as green ECM wave continues

    Foresight Group, the infrastructure private equity company focused on renewable energy, has closed its IPO on the London Stock Exchange.

    • 04 Feb 2021
  • New Horizon launches $263m Hong Kong listing

    New Horizon Health hit the equities market on Thursday, aiming to raise up to HK$2.04bn ($263.1m) from its IPO, according to a source familiar with the matter.

    • 04 Feb 2021
  • Infestos Sustainability launches ESG Spac

    A Dutch shell company is vying to become the first European special purpose acquisition company (Spac) to list this year.

    • 04 Feb 2021
  • PTT Oil wraps up blow-out IPO as foreign investors left empty-handed

    Thailand’s PTT Oil and Retail Business scooped up Bt54bn ($1.79bn) this week from the country’s largest IPO in a year. The deal was a hit with both domestic and foreign investors — but in a somewhat unusual twist, the issuer cut the entire international public book during allocation. Jonathan Breen reports.

    • 04 Feb 2021
  • Chinese firms Cloopen, Adagene kick off US listings

    Cloopen Group Holding, a cloud-based communications provider, launched its New York Stock Exchange IPO on Wednesday night.

    • 04 Feb 2021
  • AUTO1 shares race higher on debut day

    Shares in AUTO1, a German online marketplace for used cars, were up 40% in their first few hours of trading in Frankfurt on Thursday, capping off a strong fortnight for European IPOs.

    • 04 Feb 2021
  • UK film finance company seeks to float investment trust

    Great Point Entertainment Income Trust, a UK investment trust engaged in film financing, launched a £200m ($273.54m) IPO on the London Stock Exchange on Wednesday.

    • 03 Feb 2021
  • Affirm IPO paves way for larger securitizations

    Point of sale lender Affirm is returning to the securitization market after taking the stock market by storm in early January, when it raised $1.2bn though an initial public offering. Affirm says it will bring bigger deals to market as it grows in scale.

    • 02 Feb 2021
  • Huuuge IPO increases IPO size to $442m

    Polish social and mobile gaming company Huuuge will price its Warsaw IPO at Z50, the top of the initial range, valuing the business at Z4.6bn ($1.2bn), according to sources close to the transaction.

    • 02 Feb 2021
  • Moonpig delivers IPO investors a gift on day one

    Moonpig, the online greetings card company, was trading over 20% above its IPO price on Tuesday, netting a healthy profit for investors and showing another example of IPO resilience amidst recent equity market volatility.

    • 02 Feb 2021
  • India plans insurance giant IPO, bank privatisations

    India’s equity capital markets are in for a spate of government divestments this year and should also see the long-awaited IPO of Life Insurance Corp of India (LIC).

    • 02 Feb 2021
  • Auction Technology Group lines up London listing

    Auction Technology Group, an operator of online auction sites and owner of auction technology platforms, announced on Monday that it is seeking to list in London.

    • 01 Feb 2021
  • London listings revival continues with new fund IPO

    UK money manager Triple Point Investment Management is preparing to float a new fund on the London Stock Exchange focused on opportunities within digital infrastructure.

    • 01 Feb 2021
  • NextEnergy Renewables to float in London IPO

    NextEnergy Renewables, the solar power company, is seeking to float on the London Stock Exchange in a £300m IPO.

    • 01 Feb 2021
  • Chinese healthcare trio premarket Hong Kong listings

    Mainland-based healthcare sector issuers SciClone Phamaceuticals (Holdings), New Horizon Health and Joinn Laboratories (China) kicked off pre-deal investor education for their Hong Kong IPOs on Monday.

    • 01 Feb 2021
  • Basecare eyes top pricing for IPO, MicroPort nets $323m

    Suzhou Basecare Medical Corp has wrapped up its Hong Kong IPO. It was set to price the deal on Monday at the top of the marketed range, according to a source familiar with the matter.

    • 01 Feb 2021