The FinTech IPO Index slipped 6.3% through the week, which cuts its monthly gain from double-digit percentage points to a current 5.6%. The year-to-date performance is still significantly to the downside, at 38.1%. Earnings are largely in the rearview mirror, and in large part the...
Large-parcel B2B eCommerce platform GigaCloud Technology has closed a $41 million initial public offering (IPO) as well as a full over-allotment option of about 3.4 million Class A ordinary shares. The Class A ordinary shares began trading on the Nasdaq Global Market on Thursday (Aug....
The earnings caravan rumbles on. And the results, as seen over the past week — at least for the digital first and digital only upstarts out to change financial services — have been mixed. The FinTech IPO Index lost 1.6%. Yet, month to date, the...
China Tourism Group Duty Free, which runs China’s biggest duty-free retail network, is planning an initial public offering (IPO) in Hong Kong that could raise as much as $2 billion, Reuters reported Friday (Aug. 12). The offering is fully subscribed, and the stock is likely...
The FinTech IPO Tracker is up 16.9% for August — and we’re not even halfway through the month. Earnings continued to drive stock performance, and in many cases the moves, up or down, were significant, often in the double-digit percentage point range. Lemonade was up...
Earnings are rolling in, and for the FinTech IPO group, a relief rally may be in the works. To that end, the FinTech IPO Index was up 8.8% on the week, driven by double-digit percentage point gains for several names tracked by PYMNTS. Just a...
Instacart will likely go public before the end of the year, a move coming earlier than expected, unnamed sources told The Wall Street Journal (WSJ) Thursday (July 28). The report comes during a extremely slow market for new stock listings. This year has been one...
The investing world is parsing the slew of earnings that are continuing to come from banks, from the payments networks. And thus far, while earnings announcements have yet to pick up within our coverage, via the FinTech IPO Index, we might assume that the names...
Earnings season is upon us, and the deluge for the FinTech IPO Index has yet to swell and break. No doubt there will be waves of commentary on the state of the consumer, on inflation and lending and the digitization of financial services. But by...