Not bad. Relatively speaking, that is. In a week where sentiment in the stock market has been driven by retailers — Target, Lowe’s, et al — and where we saw mid-single-digit percentage declines in the overall indices, the FinTech IPO group held up pretty well....
Italian credit management company Generalfinance plans to go public via an initial public offering on the Milan bourse next month. As Reuters reported Wednesday (May 18), the company — which offers to finance small- and medium-sized businesses, aims to provide newly-issued shares and existing ordinary...
There are downturns, and then there are the routs signaling that something’s changed. Changed in the minds of retail investors, and also for the institutions and the investors that ante up the capital that helps startups make the leap onto the public markets. It seems...
In a week that saw two-thirds of its members falling 20% or more, the FinTech IPO Index fell to an all-time low, diving 27% for the week and extending its year-to-date loss to roughly 50%. Source: PYMNTS As the above chart shows, after peaking last...
Now might not be the best time for Instacart to be entering the public market. After years of leadup, the grocery aggregator announced Thursday (May 12) a confidential filing with the Securities and Exchange Commission (SEC) for an initial public offering (IPO). Read more: Instacart...
JD Technology, the FinTech arm of Chinese eCommerce giant JD.com, is delaying its initial public offering as it continues to wait for government regulatory approval. That’s according to a report Thursday (May 12) by Reuters, which said that JD Techology had applied for approval of...
Grocery delivery platform Instacart confidently filed with the Security and Exchange Commission (SEC) for an initial public offering (IPO) and could list before the year closes, the company said in a statement on Thursday (May 12). Launched a decade ago and headquartered in Silicon Valley,...
Yes, it was bad. Amid a Thursday rout that saw the Nasdaq slide by 5%, our FinTech IPO Index, not surprisingly, was also swept up in the downdraft. The average name among the more than 40 tracked was down 6% in the session. Not a...
In a move that highlights the constraints of the current market, eye care company Bausch + Lomb will likely price its initial public offering (IPO) at the low end of expectations, The Wall Street Journal wrote Thursday (May 5). The report said bankers involved in...