Encyclopaedia Britannica Inc. is reportedly aiming for a valuation of about $1 billion in its previously announced initial public offering (IPO). The education technology company and publisher may launch its IPO as early as June, Bloomberg reported Monday (March 18), citing unnamed sources. The company is working with...
British buy now, pay later (BNPL) provider Zilch Technology is reportedly considering launching an initial public offering (IPO) in 2025. Zilch has not selected a venue for an IPO but has talked with Nasdaq, the New York Stock Exchange (NYSE) and the London Stock Exchange (LSE),...
The owner of messaging app Telegram is reportedly considering taking the company public. In an interview with the Financial Times posted Tuesday (March 12), Pavel Durov said that his Dubai-based platform has 900 million users, and is making “hundreds of millions of dollars” in revenues thanks to advertising and premium...
Klarna, the Swedish FinTech company once crowned as Europe’s most valuable startup, is reportedly in discussions with banks for a potential U.S. initial public offering (IPO) valued at $20 billion. The company, known for its buy now, pay later (BNPL) services, is considering listing as...
Shein is reportedly rethinking its U.S. initial public offering (IPO) due to regulatory resistance. Instead, the fast-fashion brand is weighing going public on the London markets, Bloomberg News reported Monday (Feb. 26), citing sources with knowledge of the matter. The company — founded in China and now...
Earnings season moves on, and in some cases, results underwhelmed investors — and forward-looking guidance — sending shares down significantly and the FinTech IPO Index as well. Upstart and Open Lending shares sank in the wake of reports that gave the nod to macro pressures...
Social media platform Reddit has reportedly publicly filed for an initial public offering (IPO) with the Securities and Exchange Commission (SEC). The move comes more than two years after Reddit first filed confidentially for an IPO in December 2021, Bloomberg reported Thursday (Feb. 22). Reddit has been advised to...
South Africa’s Absa Group has reportedly highlighted the opportunity for African FinTechs to consider public listings at home. Adesoji Solanke, head of FinTech investment banking origination at Absa Securities UK, emphasized the potential for FinTech startups on the continent to raise capital through initial public...
Sen. Marco Rubio, R-Fla., is reportedly asking the Securities and Exchange Commission (SEC) to prevent fast fashion platform Shein from its bid to list publicly in the U.S. market. The senator said the company should be prevented from going public unless it makes additional disclosures about...