IPOs - All Articles

  • Antares Vision to re-IPO and join Italy’s MTA exchange

    Antares Vision, the Italian technology company, has launched a share sale to increase its liquidity in what will effectively be a re-IPO of the company.

    • 19 Apr 2021
  • Hemnet opens books on 'premium' IPO

    Swedish house selling platform Hemnet opened on Monday the books for its IPO on the Nasdaq Stockholm. Sources close to the deal said that the transaction was proving popular and expected it to price at a premium to listed competitors like the UK's Rightmove.

    • 19 Apr 2021
  • Synlab begins bookbuilding for €1bn IPO

    Synlab, the German laboratory diagnostic services company, has set the terms for its €1bn plus IPO on the Frankfurt Stock Exchange.

    • 19 Apr 2021
  • China tightens Star market listing rules

    The Chinese securities regulator and the Shanghai bourse have boosted requirements on Star market IPO candidates’ technology credentials, banning the listing of financial and investment companies and tightening scrutiny on financial technology firms.

    • 19 Apr 2021
  • Glenmark Life Sciences sets Indian IPO rolling

    India’s Glenmark Life Sciences, a pharmaceutical ingredients maker, has filed draft paperwork for an IPO of new and existing shares.

    • 19 Apr 2021
  • ThaiBev shelves jumbo Singapore spin-off

    Thai Beverage has postponed the multi-billion-dollar spin-off and listing of its brewery unit in Singapore, citing choppy markets and a surge in Covid-19 cases in Thailand.

    • 19 Apr 2021
  • Trip shares take off in Hong Kong debut

    Trip.com Group's shares rose on its debut on the Hong Kong Stock Exchange on Monday, following a popular billion-dollar secondary listing by the Chinese travel company.

    • 19 Apr 2021
  • Allfunds opens books but cracks showing in Europe’s IPO market

    Allfunds, the B2B fund distribution platform, has opened the book on its Amsterdam IPO and named several high quality cornerstone investors which are backing the deal. However, not all deals are proving to be as popular as this one and bankers say the IPO market is splitting into those firms which can and those which cannot.

    • 16 Apr 2021
  • India seeks banks for fertiliser divestments

    The Indian government is looking for banks to help offload its stakes in Rashtriya Chemicals & Fertilizers and rival National Fertilizers, sending out two requests for proposals for the divestments.

    • 16 Apr 2021
  • Birla Sun Life AMC readies IPO

    India’s Aditya Birla Sun Life Asset Management Company is gearing up for an IPO that will give its two promoter shareholders an opportunity to divest their positions in the firm.

    • 16 Apr 2021
  • Zhaoke eyes $270m from Hong Kong IPO

    Chinese company Zhaoke Ophthalmology has kicked off a Hong Kong IPO worth up to HK$2.1bn ($270m), becoming the latest biotechnology company to sell shares on the bourse.

    • 16 Apr 2021
  • ‘Russia’s Rubicon crossed’ after Biden sanctions

    Equity and debt markets were fretting on Thursday over the implications of new US sanctions against Russia. A prohibition of US investment in Russian sovereign bonds marked an escalation in tensions, threatening sovereign borrowing costs. It could also damage Russian companies’ chances of funding in the capital markets, write Mariam Meskin and Sam Kerr.

    • 15 Apr 2021
  • Concerns grow over Spac deluge

    The relentless flow of special purpose acquisition companies coming to the market is causing unease among investors about market saturation, with $140bn raised so far this year. Only the highest quality sponsors are likely to succeed in bringing new Spacs to IPO from now on, writes Aidan Gregory.

    • 15 Apr 2021
  • Canal+ Polska resurrects IPO plans

    Canal+ Polska, the Polish satellite TV network, has rebooted its IPO on the Warsaw Stock Exchange, after the deal was pulled in November last year due to a lack of demand.

    • 15 Apr 2021
  • Ant’s sweeping overhaul offers little clarity on delayed IPO

    A planned restructuring of China’s Ant Group into a financial holding company has raised questions — and fuelled speculation — about when the firm is able to revive its derailed IPO and how it will be valued. Addison Gong reports.

    • 15 Apr 2021
  • Malaysian IPOs heat up with large deals looming

    Malaysia’s IPO market is set to pick up, with at least two chunky listings in the works, raising optimism among bankers for busy second and third quarters.

    • 15 Apr 2021
  • Banks scrap for talent in Saudi markets push

    Banks are training their Middle East efforts on Saudi Arabia, where they are hoping to capitalise on growing capital markets activity. The result is a slug-fest for the best banking talent, but firms must learn the lessons of the past, writes David Rothnie.

    • 14 Apr 2021
  • 468 Capital prepares to launch technology Spac

    German venture capital company 468 Capital has launched an IPO of a new special purpose acquisition company on the Frankfurt Stock Exchange.

    • 14 Apr 2021
  • Former Moex MD joins EM as new CEO

    Anna Vasilenko, a former managing director at the Moscow Exchange, has joined EM, the strategic advisory and communications firm for clients in Russia, China and other emerging markets, as its CEO.

    • 14 Apr 2021
  • Grab heads to Nasdaq with $40bn Spac M&A

    Southeast Asian tech company Grab, which offers everything from ride hailing and food delivery services to digital wallet payments, is planning to go public on the Nasdaq by merging with Altimeter Group Corp, a special purpose acquisition company (Spac).

    • 14 Apr 2021
  • Being green no longer enough in battle to attract equity capital

    Renewable energy has been one of the hottest sectors in Europe’s equity capital markets in recent times but investors are no longer just buying companies for their verdant hue. Issuers must now prove they have the financial strength to back their environmental credentials.

    • 13 Apr 2021
  • Allfunds sets itself apart in early IPO meetings

    Allfunds, the UK-based business-to-business funds platform that is listing in Amsterdam, is making a strong impression among investors that are leading the talks on valuation, according to a number of sources. The deal is one of a number of IPOs being circulated to buyers.

    • 13 Apr 2021
  • Ant unveils business overhaul plan as Beijing tightens screws

    Chinese financial technology company Ant Group Co will transform itself into a financial holding company as part of a government mandated restructuring that will affect its key payments, consumer lending and wealth management businesses.

    • 13 Apr 2021
  • Shriram Properties lays foundation for IPO

    Shriram Properties is gunning for an IPO of about Rp8bn ($117.3m) in India. The company announced its plans as fellow real estate company Macrotech Developers sealed its deal at the top of the price range.

    • 13 Apr 2021
  • Inside the IPO: Semrush CFO advises flexibility and pitch-practice

    Semrush, the Boston-headquartered marketing software company, listed on the New York Stock Exchange last month during a tricky time for the IPO market. CFO Evgeny Fetisov talks to GlobalCapital about the IPO and the challenges in taking the firm public.

    • 12 Apr 2021
  • PolyPeptide Group targets €1.5bn valuation

    Swiss pharmaceutical ingredients manufacturing company PolyPeptide Group has filed for an IPO on the SIX Swiss Exchange, which is expected to value the company at around €1.5bn equivalent to €1.7bn equivalent, according to a source close to the deal.

    • 12 Apr 2021
  • Segezha starts Moscow IPO attempt

    Segezha, the Russian paper and pulp company, has filed initial paperwork for an IPO on the Moscow stock exchange. The company is hopeful of becoming the first listed Russian company in its sector, but IPO market turbulence and sanctions fears hang over the offering.

    • 12 Apr 2021
  • Swedish payments firm Trustly launches Stockholm IPO

    Trustly, a Swedish payments company that allows people to transfer money directly from their bank accounts to make payments, has launched an IPO on Nasdaq Stockholm.

    • 12 Apr 2021
  • Cyber security firm Darktrace begins London IPO process

    Cambridge-based cybersecurity company Darktrace has kicked off its long-awaited IPO on the London Stock Exchange, having announced its intention to public a registration document on Monday morning.

    • 12 Apr 2021
  • Alibaba’s HK stock rallies after record fine

    Alibaba Group Holding’s shares in Hong Kong closed 6.51% higher on Monday, despite news over the weekend that the technology giant will be hit with a record fine of Rmb18.22bn ($2.8bn) by China’s regulators.

    • 12 Apr 2021
  • Keymed gears up for Hong Kong IPO

    Keymed Biosciences has started laying the groundwork for a planned Hong Kong IPO by filing its initial listing documents with the city’s exchange.

    • 12 Apr 2021
  • Tencent-backed Anjuke sets Hong Kong listing in motion

    Anjuke Group, a Chinese real estate services platform that is backed by high profile investors like Tencent Holdings, Warburg Pincus and General Atlantic, is seeking approval for a Hong Kong IPO.

    • 09 Apr 2021
  • Investors turn tough on IPOs after Deliveroo horror show

    IPO sellers are keen to revive the market in Europe after Deliveroo’s disastrous debut last week. But investors, with the food delivery company’s share price collapse still fresh in their minds, are pushing banks on valuations for new listings, reports Sam Kerr.

    • 08 Apr 2021
  • Sweden’s Hemnet launches IPO

    Hemnet, the Swedish online property marketplace, has launched the marketing process for an IPO on the Nasdaq Stockholm exchange.

    • 08 Apr 2021
  • Tencent-backed WeDoctor eyes Hong Kong listing

    We Doctor Holdings, which operates Chinese healthcare platform WeDoctor, is seeking approval for a Hong Kong IPO.

    • 08 Apr 2021
  • Opdenergy to float in Spain

    Renewable energy IPOs are being launched thick and fast in Spain despite the recent selloff of green energy stocks.

    • 08 Apr 2021
  • On a Trip: Travel company kicks off HK listing

    Trip.com Group has launched bookbuilding for its HK$10.5bn ($1.35bn) secondary listing in Hong Kong, testing investor appetite amid growing pains for the pandemic-hampered travel industry and as the performance of recent IPO debuts in the city fizzles.

    • 08 Apr 2021
  • Allfunds begins €2bn Amsterdam IPO

    Allfunds, the UK-based B2B wealth platform, launched an IPO to list on the Amsterdam stock exchange on Wednesday.

    • 07 Apr 2021
  • Neoen shows investor demand for top green equities

    Neoen, the French renewable energy company, said on Wednesday that it had received huge levels of demand for its €600m rights issue, proving that the right companies in the renewable energy sector can still attract a strong following among equity investors despite recent turbulence in green stocks.

    • 07 Apr 2021
  • Synlab launches Frankfurt IPO after strong 2020

    Synlab, the German laboratory diagnostic services company, has announced its intention to float on the Frankfurt Stock Exchange.

    • 07 Apr 2021
  • Macrotech Developers opens India IPO

    Indian real estate company Macrotech Developers has kicked off bookbuilding for its up to Rp25.1bn ($338.2m) listing.

    • 07 Apr 2021
  • Trip.com gets nod for jumbo HK secondary listing

    Chinese online travel giant Trip.com Group is set to launch bookbuilding for its Hong Kong secondary offering this week, after getting the go ahead from the city’s bourse.

    • 07 Apr 2021
  • Deliveroo woe doesn’t have to shut European IPO market

    The disastrous listing of food delivery app company Deliveroo in London last week sent shockwaves through equity capital markets, with some suggesting it will dampen Europe’s IPO market in the next few weeks. But it needn't be as bad as all that. Investors are keen to take part in IPOs — they just need greater discounts that match their perceptions of risk.

    • 06 Apr 2021
  • Digesting Deliveroo: timing the likeliest cause of first day woes

    The equity market — and beyond — has been puzzling over how Deliveroo, one of the most anticipated IPOs of the year, could have suffered so badly in trading on its first day on Wednesday. Some blamed ESG concerns about the working conditions of the firm's delivery riders, others the dual class-share structure but the simplest explanation was that Deliveroo came at the wrong end of an IPO market that was losing steam.

    • 01 Apr 2021
  • Linklogis pockets $1bn from Hong Kong listing

    Linklogis has priced its Hong Kong IPO above the mid-point of the price guidance, netting HK$7.96bn ($1.02bn), according to a source close to the deal.

    • 01 Apr 2021