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 [...]
SEC double hit: Robinhood comes under scrutiny for key revenue stream and share sale filing September 1, 2021 Trading platform Robinhood has told investors that the US financial watchdog is reviewing a filing of a share sale by a group of its shareholders, a day after its share price sank on two other bouts of bad news. The U.S. Securities and Exchange Commission (SEC) review prevents any sales being made off the filing [...]
SoftBank-backed Indian Uber rival Ola tables plans for $1bn IPO August 31, 2021 Indian Uber rival Ola is reportedly sitting on plans to raise up to $1bn through an initial public offering (IPO), joining a long line of high-ranking floats in the country. Currently finalising banks to advise on the fund-raise, Softbank-backed Ola is in talks with Bank of America and JP Morgan, three people familiar with the [...]
Tech crackdown: China proposes banning local sensitive data firms from US IPOs August 27, 2021 China has turned its attention to the US stock market amid its tech sector crackdown, according to reports, by suggesting new rules that ban sensitive data firms from listing. The new rules target internet companies, but the China Securities Regulatory Commission, its local market watchdog, has said that those in the pharmaceutical industry, are still [...]