SoftBank may be heading stateside to list its PayPay payments business following news that it is considering a U.S. listing. The potential listing is driven by New York’s greater potential of higher valuations for tech companies in comparison to Tokyo, but the timing of such a move is not known,...
So far, 2023 has not been a good year for the Chinese IPO (initial public offering) market. As Reuters reported Monday (July 10), IPO applications in that country dropped by a third in the first half of the year, with candidates scared off by a rocky earnings...
Great Britain’s CAB Payments raised $426 million upon becoming a public company Thursday (July 6). The firm, which had announced its initial public offering (IPO) plans last month, is a B2B foreign exchange and cross-border payments company. “Today marks the start of the next exciting chapter in the company’s...
Singapore-based payments FinTech Nium hopes to become a public company in two years. The $2 billion firm aims to go public in the U.S. by 2025’s second quarter, co-founder and CEO Prajit Nanu said in an interview with Bloomberg News posted Tuesday (July 4), adding that...
Initial public offerings (IPOs) might be back, but they’re not all the way back. As The Wall Street Journal (WSJ) reported Sunday (July 2), last week saw a trio of companies — thrift store chain Savers Value Village, reinsurer Fidelis and Kodiak Gas Services — all...
Following a listing by restaurant group Cava, the American market is hungry for IPOs. The fast casual restaurant chain went public via an initial public offering (IPO) last week, with its shares nearly doubling in its debut. And as Bloomberg News reported Monday (June 26),...
Despite it being a ghost town in IPOville, Oddity, a beauty and technology company responsible for managing brands like Il Makiage and Spoiled Child, has submitted its application to become a publicly traded company. The decision is noteworthy not only because initial public offerings (IPOs)...
Even some skyrocketing performers — up double digits — were not enough to boost the FinTech IPO Index. The pantheon lost 2.7%, despite rumors of deal-making, despite economic data that showed a surprising resilience in consumer spending. Rallies proved short-lived, as Fed chairman Jerome Powell...
The environment for initial public offerings (IPO) has reportedly improved to nearly its typical level. However, at the same time, the amount of IPO activity is lagging behind and not seeing the same kind of improvement, Bloomberg reported Tuesday (June 20), citing research from Goldman Sachs. The...