Initial Public Offering news and trends

Shein Reportedly Rebuffed by National Retail Federation Ahead of IPO
Retail // May 13, 2024

Shein reportedly has some work to do if it wants to court the U.S. retail industry. The fast fashion giant filed for an initial public offering (IPO) in the U.S. last year, but has also been trying to become a member of the National Retail Federation (NRF), CNBC reported Monday...

Walmart-Backed Ibotta Sees Share Price Leap 33% in Market Debut
IPO // April 18, 2024

Ibotta shares leapt 33% during their debut on the New York Stock Exchange (NYSE) on Thursday (April 18). The stock debuted at $117 per share after pricing at $88 per share Wednesday (April 17), Axios reported Thursday. The firm raised $577.3 million. Ibotta has raised...

Ibotta Increases IPO Goal to $551 Million
IPO // April 16, 2024

Cash-back rewards platform Ibotta has upped the size of its planned public listing. Last week, the Walmart-backed company said it aimed to raise $472 million through an initial public offering (IPO).  On Tuesday (April 16), the company raised that figure to around $551 million in new paperwork filed with the...

Zopa CEO Doubts UK FinTechs Will Go Public This Year
IPO // April 15, 2024

British digital bank Zopa is profitable and getting closer to going public.  But CEO Jaidev Janardana told the Financial Times (FT) Monday (April 15) that while the company was ready for an initial public offering (IPO), the London markets might feel differently. “I’d be surprised if there are U.K. FinTech...

Interviews & Exclusives
FinTech IPO Index Off 0.7%, Led by OppFi and Hippo Holdings

September 15, 2023
The FinTech IPO Index traded slightly lower, off 0.7%, as platforms led the group to the downside. But even with the dip, the Index itself is up slightly more than 35% year to date. OppFi shares sank 10%. Reuters reported coming into the month that Los Angeles Superior Court Judge Timothy Dillon “is expected to rule any […]

Toast’s 15.5% Plunge Helps Lead FinTech IPO Index Lower for the Week

July 21, 2023
Toast shares got scorched in a week that saw the FinTech IPO Index give up 0.3%. And earnings season has yet to begin in earnest — at least for the...

 FinTech IPO Index Slips 2.7% Despite nCino’s Surge on Deal Rumors 

June 23, 2023
Even some skyrocketing performers — up double digits — were not enough to boost the FinTech IPO Index. The pantheon lost 2.7%, despite rumors of deal-making, despite economic data that...

FinTech IPO Index Slides 5.4% Led by MoneyLion

April 27, 2023
The FinTech IPO Index slid 5.45%, even as earnings season has yet to fully hit home in the sector. MoneyLion shares sank 29.7% through the past five sessions. The company said...

Quick Reads
Report: Waystar Plans to Launch IPO in Early June

May 14, 2024
Waystar is reportedly planning to launch its initial public offering (IPO) in early June, seeking a valuation of $5 billion or $6 billion. The healthcare payments company will begin its roadshow pitch to investors later in May, the Wall Street Journal (WSJ) reported Tuesday (May 14), citing unnamed sources. Waystar did not immediately reply to PYMNTS’ request for comment. The […]

Shein Reportedly Rebuffed by National Retail Federation Ahead of IPO

May 13, 2024
Shein reportedly has some work to do if it wants to court the U.S. retail industry. The fast fashion giant filed for an initial public offering (IPO) in the U.S. last...

Walmart-Backed Ibotta Sees Share Price Leap 33% in Market Debut

April 18, 2024
Ibotta shares leapt 33% during their debut on the New York Stock Exchange (NYSE) on Thursday (April 18). The stock debuted at $117 per share after pricing at $88 per...

Ibotta Increases IPO Goal to $551 Million

April 16, 2024
Cash-back rewards platform Ibotta has upped the size of its planned public listing. Last week, the Walmart-backed company said it aimed to raise $472 million through an initial public offering (IPO).  On Tuesday (April 16),...