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There are two IPO markets — and the boring one is best
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China’s move to tighten its grip on overseas IPOs of technology companies could be a boon to a handful of other markets in Asia.
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Two new European Spac IPOs were launched on Wednesday following extensive pre-sounding processes.
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Bridgepoint Group, the UK private equity firm, has officially opened books on its London IPO. It has had a strong start, receiving huge demand from investors during the investor education process.
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The IPO of Novem Group, the German car parts supplier, is set to be priced at €16.50 a share, according to sources close to the deal.
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Indian food delivery app Zomato has launched its hotly-anticipated IPO of up to Rp98.9bn ($1.32bn), anchored by a strong book of global heavyweight investors.
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The success of Wise’s direct listing can be chalked up as a victory for a UK stock market that has undergone much soul searching about its ability to attract the hot companies of the future.