Businesses with planned initial public offerings (IPOs) are hitting the pause button to rethink their strategy in light of Russia’s attack on Ukraine, the Wall Street Journal (WSJ) reported on Friday (March 4). American firms pulled $1.17 billion in equity capital markets transactions during the...
Indian social platform Meesho is targeting early 2023 for its initial public offering (IPO), according to a Reuters report Friday (March 4) that cites a source familiar with the discussions. The Bengaluru-based company, whose investors include Meta Platforms and SoftBank’s Vision Fund 2, is working...
Continuing a trend seen in the past few weeks since we launched the FinTech IPO tracker, the group of 45 companies we’ve surveyed have, on the whole, underperformed the broader market. At its latest reading, to start off the month of March, the tracker stands...
Chinese healthcare platform WeDoctor will lay off a large number of its workers after plans for an initial public offering (IPO) were put on hold. Sources told Bloomberg News Thursday (March 3) that the company had already cut about 1,000 jobs over the last year...
For digital-only banking firms seeking to go public, timing is everything. Germany-based N26 is mulling an initial public offering (IPO) in the U.S. markets, which might happen later than sooner as Founder and Co-CEO Maximilian Tayenthal has been quoted as saying private markets have been...
Instead of launching its initial public offering (IPO) on Monday (Feb. 28), special purpose acquisition company (SPAC) Serendipity Capital Acquisition pulled the plug and filed a Request to Withdraw Registration Statement with the Security and Exchange Commission (SEC). The blank check company formed by Serendipity Capital Holdings filed...
Chinese B2B eCommerce platform ICZoom has filed to raise about $22 million through an initial public offering (IPO) in the U.S. As Seeking Alpha reported Tuesday (March 1), the company plans to offer 4.4 million shares at $5 to $6 per share. The deal could...
Along with everything else, war brings uncertainty to stock markets. That might seem a bit of a trite sentiment when blood is being spilled. But it’s true, nonetheless. As the world watches war unfold in Ukraine, the last several days since our inaugural FinTech IPO...
Volkswagen and its key shareholder have drafted a preliminary agreement to list Porsche on the public markets in what could be one of the world’s biggest market debuts. According to a Reuters report Tuesday (Feb. 22), analysts estimate Porsche could be valued at up to...