WeWork to trade from Thursday after BowX merger October 20, 2021 Office-space provider WeWork is expected to start trading on the New York Stock Exchange from Thursday after a $9bn merger with special-purpose acquisition company (Spac) BowX Acquisition. As reported by the Financial Times, WeWork’s $9bn market evalutation is a fraction of the initial $47bn at which was listed before tanking its initial listing in 2019. [...]
EDF owned Pod Point set to raise £120m in London IPO next month October 18, 2021 Pod Point, an electric vehicle charging company majority owned by EDF Energy, is set to rally £120m in fresh funds from its London float which is due to land on the exchange next month. The initial public offering (IPO), which the firm announced last week, will see Legal & General Capital Investments sell off a [...]
THG boss to surrender ‘golden share’ after share price collapse October 17, 2021 Matthew Moulding, the founder of The Hut Group (THG), is poised to ditch his controversial “golden share” in the company in a bid to regain investor confidence after a shareholder presentation backfired last week and caused the group to lose a third of its value. Shares in UK e-commerce business THG, which owns brands such [...]
EV charging firm Pod Point to float on London Stock Exchange October 11, 2021 After a year of preparation, electric vehicle (EV) charging firm Pod Point announced today its intention to float on the London Stock Exchange by mid-November. The company – which was acquired by energy giant EDF in February 2020 – is expected to have a premium listing with a 25 per cent free float. As a [...]
Buy-to-let and partnerships power LendInvest portfolios in first results since IPO October 11, 2021 In its first update since going public, property finance asset manager Lendinvest has reported a 31.7 per cent increase in assets under management and a 39.8 per cent increase in funds under management. The growth was caused by record originations in buy-to-let (BTL) as well as new transactions and financial partnerships – including the £100 [...]
Burger King UK prepares for whopper £600m London listing October 10, 2021 Fast-food chain Burger King is preparing to float on the London Stock Exchange for around £600m, according to reports. Burger King UK is understood to be in advanced discussions with potential advisers, including Investec and Numis bankers, as the company readies itself to list next year, according to The Times, which first reported the news. [...]
Fill it up: Saudi Aramco mulls an IPO for its retail fuels business October 7, 2021 Oil giant Saudi Aramco is said to be considering an IPO for its retail fuels and lubricants business. Saudi Aramco, one of the world’s most valuable companies, want to pursue the float plans so that it can maintain its multi-billion-dollar dividend policy, Bloomberg reports. The unit is reasonable new, having only been set up as [...]
Agriculture giant Olam looking to raise £2bn in London food ingredients IPO October 6, 2021 Olam International, the global agricultural commodity trading giant, is considering raising £2bn through the IPO of its London-based food ingredients unit next year, the firm has announced this morning. Five global banks have been appointed to work on the IPO, which would likely rank among the biggest offerings in London over the last few years. [...]
London IPO activity smashes new records as it already outpaced whole of 2020 October 6, 2021 London has retained its dominance as the most attractive European IPO venue by funds raised in the third quarter, continuing the deal momentum witnessed in the previous two quarters and reaching new record highs. Both the main market and Alternative Investment Market (AIM) have built on the resurgence of activity seen in the last two [...]
Going for gold (and copper): Great Southern Copper plots £3.5m London IPO October 4, 2021 Copper-gold exploration company Great Southern Copper (GSC) has told City AM it is targeting a listing on London’s main market in the coming weeks, as it capitalises on copper’s central role in the growing electric vehicle (EV) market. GSC, which focuses on tier-one assets in the largest copper producer in the world, Chile, is seeking [...]