Private equity firms are reportedly rethinking exit strategies as initial public offerings (IPOs) remain scarce. In a report Sunday (June 8) following the industry’s annual European conference, the Financial Times (FT) said private equity (PE) executives were prioritizing other methods for exiting their investments, including...
Cryptocurrency platform Gemini said Friday (June 6) that it confidentially submitted a draft registration statement with the Securities and Exchange Commission (SEC) for an initial public offering. The company said in a press release that it has not yet determined the number of shares to be offered or...
FinTech Circle’s initial public offering (IPO) will likely price above its marketed range, Bloomberg reported Wednesday (June 4), with the publication pointing to orders exceeding the number of available shares by over 25 times. The stablecoin issuer is offering 32 million shares at the range...
Stablecoin issuer Circle upsized its initial public offering (IPO) Monday (June 2), raising the expected price from the $24 to $26 per share it announced Tuesday (May 27) to $27 to $28 per share. Circle announced its new expected price in a Monday filing with...
Chime Financial launched the roadshow for its initial public offering (IPO). The FinTech company plans to offer 32 million shares, and the IPO price is expected to be between $24 and $26 per share, according to a Monday (June 2) press release. At the top...
OpenAI Chief Financial Officer Sarah Friar said the company’s planned restructuring can help it go public, Reuters reported Wednesday (May 28). However, even as OpenAI switches its for-profit arm into a public benefit corporation (PBC), Friar said the timing of an initial public offering (IPO)...
Fast fashion retailer Shein has reportedly chosen a new location to go public. The China-founded company is now looking to list in Hong Kong after failing to get Chinese regulators to sign off on its plans for a London initial public offering (IPO), Reuters reported Wednesday (May 28). Sources...
Each week, the evolution of the ongoing cryptocurrency-FinTech convergence seems to get another headline to hang its hat on. Last week, it was the news Thursday (May 22) that J.P. Morgan Chase, Bank of America, Wells Fargo and Citigroup are exploring the launch of a...
Chime Financial filed its Form S-1 registration statement for a proposed initial public offering (IPO) with the Securities and Exchange Commission (SEC) on Tuesday (May 13). The consumer financial technology company said in a press release that it applied to list its Class A common...