Investors are signaling that the hottest FinTech initial public offerings (IPOs) are not vehicles for frenzied, momentum-based trading but are underpinned by new architectures for traditional financial services. The transformations are demonstrated in company filings tied to those public listings through the past several days,...
SumUp, a United Kingdom-based card reader company, is reportedly considering a stock market listing and initial public offering (IPO). The FinTech is mulling an IPO that could value the company at $10 billion to $15 billion, the Financial Times (FT) reported Monday (Sept. 15), citing...
American financial giants are investing in Great Britain ahead of a U.S.-U.K. technology summit. The $1.6 billion investment is from companies including PayPal, Bank of America and Citigroup and will create 1,800 jobs in England, Scotland and Northern Ireland, the U.K. Department for Business and...
Last week marked a resurgence for the U.S. initial public offering (IPO) market. As the Financial Times (FT) reported Saturday (Sept. 13), seven large-cap companies went public last week, including buy now, pay later (BNPL) firm Klarna, cryptocurrency exchange Gemini, and blockchain platform Figure Technology...
Auto finance platform Lendbuzz plans to go public. The firm filed a registration statement with the Securities and Exchange Commission and intends to list its common stock on the Nasdaq Global Select Market under the ticker symbol “LBZZ,” according to a Friday (Sept. 12) press...
To say this was a week that the markets focused on FinTechs would be an understatement. Klarna and Figure Technology jumped double digits on their first days of trading. They have not traded for a full week yet, but they will be included in the...
Figure Technology Solutions opened its first session as a publicly traded company with a strong rally, giving the FinTech a multibillion-dollar market capitalization and immediate attention from institutional investors. The early trading strength, as the shares surged 24% above the offer price by $31.11 a...
Blockchain-based lender Figure Technology Solutions has increased the pricing of its initial public offering (IPO) to $25 per share. That new figure, announced late Wednesday (Sept 10), is above an earlier pricing of $20 to $22 per share. The company sold 31.5 million shares, raising...
It’s a long way from here to Klarna’s peak $46 billion valuation from 2001, but Tuesday’s nearly 15% pop in its IPO price offered up a public markets “seal of approval” for buy now, pay later (BNPL) as a game-changing financial services play. On Wednesday...