Payment giant Eurowag moves ahead with £170m London IPO September 20, 2021 Eurowag, a pan-European payments & mobility platform, has announced that it will float on the London Stock Exchange (LSE). The company, which focuses on the commercial road transportation sector, hopes to raise €200m (£171m) from the move, to fund its expansion plans. The payments platform company will, it said, target “certain institutional investors”. Eurowag also [...]
THG targets separate IPO for beauty business September 16, 2021 UK e-commerce company THG said this morning it will spin off its beauty division in a separate listing in 2022, and is also considering stock market listings for its other main ecommerce business, as well as its technology and logistics divisions. A stock market listing comes after THG Beauty – which counts brands such as [...]
Universal Music boss Lucian Grainge locks eyes on $150m IPO pay out September 15, 2021 Universal Music’s stock market debut next week it set to land its boss Lucian Grainge an around $150m pay out, while he also cashes in on his Tencent investment. The British record label mogul, who nearly died of Covid-19 last year, is to receive the $150m through a “transaction bonus”, if the listing secures a [...]
City broker Peel Hunt to IPO on UK’s AIM by end of the month September 14, 2021 Peel Hunt, the London broker for mid and small-cap companies, is to float on London’s AIM market following a pandemic-fuelled trading boom. The employee-owned group has announced it will go public by the end of the month, in a bid to raise money for its expansion plans, which include a move into Europe. As well [...]
Credit Suisse may bow out of leading Olam’s food London listing September 13, 2021 Credit Suisse may reportedly bow out of leading Olam’s food ingredients listing in London, after turning down a loan request. The beleaguered Swiss bank chose not to take part in loan facilities Olam raised in August, Bloomberg first reported, citing people familiar with the matter. Credit Suisse was joined by Citigroup and JPMorgan Chase & [...]
Mishcon de Reya partners back IPO plans as firm edges closer to listing September 10, 2021 Mishcon de Reya partners approved the law firm’s plans to go public on the London Stock Exchange, according to reports. Mishcon de Reya officials confirmed that at least three quarters of the partnership voted in favour of the planned initial public offering (IPO) of the firm, according to The Times. The law firm will be [...]
Alibaba-backed LinkDoc mulls private $200m fundraiser after frozen US IPO September 9, 2021 Chinese medical data firm LinkDoc Technology is reportedly looking to raise between $200m and $300m from a private fundraiser, weeks after it froze plans for a US float. LinkDoc, which is backed by Alibaba Health Information Technology, is also mulling a fresh initial public offering (IPO) in Hong Kong instead of across the pond, Bloomberg [...]
Foresight targets £200m sustainable forestry company IPO September 6, 2021 London-listed sustainable investment manager Foresight has announced it is branching out with an IPO of a new fund that will invest solely in UK forestry assets. Incorporated only a week ago, Foresight Sustainable Forestry Company will list on London’s main market with a fundraising target of up to £200m, at a price of 100 pence [...]
Reddit seeks advisers for $15bn plus New York IPO September 2, 2021 Online message board operator Reddit is reportedly seeking to hire lawyers and investment bankers as advisers for a US IPO that could see it valued at more than $15bn. Reddit, the self-styled “front page of the internet”, was in the spotlight earlier this year when day traders on its forum sparked a huge rally in [...]
Deutsche Bank regains ability to sponsor Hong Kong IPOs with new hires September 2, 2021 Deutsche Bank AG has won back its ability to sponsor IPOs in Hong Kong after it temporarily lost the right in June when two employees left without replacements lined up, according to Bloomberg who first reported the news. The German bank hired three new senior staff and added Derek Chung, Ian Long and Albert Chang [...]