Indian eCommerce retailer Snapdeal has reportedly halted its planned initial public offering (IPO). The firm filed papers for an IPO in December 2021 but changed its mind after seeing the drop in the valuations of technology companies in the stock market that has happened since then, Reuters...
The crypto winter has now chilled all manner of digital currency activities, including an IPO. FinTech Circle, which issues USDC stablecoins, said in an announcement Monday (Nov. 5) that it would no longer go public through a proposed business combination with SPAC Concord Acquisition Corp....
A shortened holiday trading timeline — a breather, and then it all begins again. For the FinTech IPO Index, a 3.2% loss for the week bumped up against the Thanksgiving holiday, and the Index is off more than 48% for the year. Investors have had...
Not everything was about crypto-land these past several days in the tech space. Of course, you’d be hard-pressed to think that anything happened other than FTX’s meltdown, bankruptcy filing, and seismic shock to the issuers and users of bitcoin and stablecoins. But then again, earnings...
Earnings season will be the tell, of course, as to how long the FinTech IPO rally lasts. But even with the volatility of daily trading headed into the end of the week, even with a bumpy Thursday, software as a service is sparking renewed investor...
Indonesian eCommerce company Blibli is set to go public next month with an initial public offering (IPO) worth up to $528.9 million. According to published reports Monday (Oct. 17), the Jakarta company, which is backed by the Djarum Group, aims to sell as many as...
Even some double-digit surges in some of our beaten-down companies weren’t enough to keep the overall FinTech IPO index in positive territory this week. The overall index slipped by 5.5% through the past five sessions and now stands 46.6% lower for the year. Granted, there...
A week in, and October’s been a see-saw. Coming off the end of a dismal quarter and lurching toward the end of a dismal year, the FinTech IPO Index has managed, at least this past week, to notch a slight gain … to the tune...
Tech stocks have had a reckoning in the past several days — a rally proved short lived, a blip. But the FinTech IPO Index managed to see at least some gains through the past five sessions. Slight gains, to be sure — the group was...