Right into the end of the quarter, and year to date, it’s been rough sledding for the FinTech IPO Tracker. The headline numbers show that a 64 basis point gain for the week and a 1.1% gain for the month were not enough to reverse...
The GoTo Group, which calls itself the largest digital ecosystem in Indonesia, has been given the green light to go public, the Jakarta-based company announced Thursday (March 31). The Financial Services Authority of Indonesia, the government agency which regulates the financial services sector, approved GoTo’s $1.1 billion...
Cerc, the Brazilian exchange receivables firm, is raising $100 million as the FinTech prepares an initial public offering (IPO), Reuters reported Tuesday (March 29). “We are negotiating funding with up to five fund investors to invest in new businesses,” Cerc’s Founder and Chairman Marcelo Maziero...
Earnings season is largely in the rearview mirror — but not entirely done. And as a result, this past week saw the FinTech IPO Tracker turn in a relatively flat performance. As did the broader indices. As measured through the past week, for example, the...
The South African Reserve Bank on Tuesday (March 22) announced plans to launch an initial public offering (IPO) for its 50% stake in small lender African Bank Holdings Ltd (ABHL) after it decided not to sell its share to investors, none of which were considered...
PropTech startup Knock, which offers financing for shoppers to buy new homes before selling their old ones, on Friday (March 18) announced that it’s scrapping its planned initial public offering (IPO) at a $2 billion valuation and instead laying off 46% of its 250 employees,...
Chinese footwear and fashion brand Belle is looking to go public on the Hong Kong markets with an initial public offering that could be worth $1 billion. According to media reports this week, sources close to the matter say deliberations are ongoing in the offering,...
Indian hotel-booking startup Oyo is considering a smaller initial public offering (IPO) or possibly even suspending a public listing altogether as the markets remain volatile and largely in a downswing, Bloomberg reported on Thursday (March 17), citing unnamed sources with insider information. Oyo announced in...
A boost in group operating profits for Volkswagen AG is likely to be the catalyst that drives a fourth-quarter initial public offering (IPO) for its profitable high-performance sports car division Porsche, Bloomberg reported on Tuesday (March 15). Volkswagen posted group operating profit for 2021 of...