Dozens of mergers scuttled. Dwindling share prices. A market that is so volatile that, frankly, it’s no surprise that special purpose acquisition companies (SPACs) have seemingly had their run and now are done. Bloomberg reported Wednesday (June 29) that more than two dozen firms have called off...
A gain. A small one, but a gain nonetheless. The FinTech IPO Tracker got a bit of a breather this week, clawing out a 73-basis-point rise, and for now, investors may take their relief where it can be found. And yet June is still on...
Perhaps the best thing that could be said about this terrible, no good, lousy week is that … it could’ve been worse. The 13.5% slide in the FinTech IPO Tracker for the week comes, of course, in the same week that the Fed hiked interest...
Two weeks of gains in this stock market kind of feels like a winning streak. To that end, the FinTech IPO Index surged by 3.6% for the week, bringing its rally in the still-young month of June to 18.6%. And yet: The hole that’s been...
IPOs in the U.S. and Europe aren’t doing so well, having fallen 90% in value so far this year, Financial Times (FT) reports. That comes amid several destabilizing factors – the Ukraine war and surging inflation are two of the main ones. Businesses have had...
Bit by bit, inch by inch, the FinTech IPO Index claws its way back. Thanks to the platforms. Yes, the group is down a bit more than 35% year to date, but in a five day stretch of positive momentum, the Index gained 5.2%. And...
Embedded payments and the digitization of the supply chain are coming to a public market near you. There has been no dearth of headlines heralding the end of Wall Street’s love affair with special purpose acquisition companies (SPACs). But there are still signs of activity...
Payments and service provider PayMate India has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India to raise funds through an initial public offering (IPO), according to a Livemint report. The company wants a fresh issue of ₹1125 crore...
For the FinTech IPO group, some muted gains. Not enough to mark any significant reversal of fortune, where the Index is down more than 39%. Or, for that matter, a month that, given the limited trading days next week, is off more than 8%. But,...