Indian digital payments provider PhonePe is reportedly planning to go public in an IPO. The Walmart-backed company is readying preliminary documents for an initial public offering (IPO) that could raise up to $1.5 billion, Bloomberg News reported Monday (June 23), citing sources familiar with the...
Chime’s debut on the Nasdaq stock exchange Thursday was resoundingly positive, as the shares closed more than 37% higher. The shares went public at $27, and opened at more than $43 at the start of trading before closing at $37.11. The intraday high was nearly...
The pricing of an initial public offering (IPO), a ritual that comes the night before the first day of trading, gauges the enthusiasm of the market for the new kid on the Street. Wednesday night (June 11), we got a glimpse into the interest in...
At least three exchange-traded fund (ETF) issuers filed ETFs related to Circle Internet Group (CRCL) in the days after the stablecoin issuer’s Thursday (June 5) initial public offering (IPO). These filings reached the Securities and Exchange Commission (SEC) on Friday (June 6) and Monday (June...
Chime Financial is reportedly expected to launch its initial public offering (IPO) Thursday (June 12). When it does so, the FinTech company is expected to be valued at more than $11 billion at the high end of its expected pricing range, The Information reported Monday...
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...