Revolution Beauty shares run rouge in London junior market debut July 19, 2021 Revolution Beauty, which debuted a £300m placing on London’s junior market today, has seen its shares plummet over four per cent. With its ordinary shares listed at 160p per piece, the company’s valuation is around $495m. The British beauty group began trading at 08:00 under the ticker REVB after an oversubscribed fundraiser last week. Revolution, [...]
India’s tech startup scene takes off as Paytm files for $2.2bn IPO July 16, 2021 Indian fintech startup Paytm has tabled plans to raise up to $2.2bn in an initial public offering, as the pandemic has stoked India’s digital economy. The Alibaba, Berkshire Hathaway, and SoftBank-backed firm said it will issue new shares worth $1.1bn and an offer for sale worth another $1.1bn. The startup, which competes with Google Pay [...]
London records strongest half year IPO performance since 2014 July 15, 2021 The UK retained its dominance as the most attractive European IPO venue by funds raised, continuing the deal momentum witnessed in the previous two quarters. Both the main market and Alternative Investment Market (AIM) have built on the resurgence of activity seen in the last two quarters, with 10 IPOS raising £3.1bn on the main [...]
Soho House hits $2.8bn valuation after New York IPO July 15, 2021 The parent company of the Soho House member’s club raised $420m (£304m) in an initial public offering priced at the lower end of a marketed range. Membership Collective Group, which owns 28 clubs around the world, announced in a statment this morning that it had sold 30m shares for $14 each – the bottom margin [...]
SoftBank injects $1.7bn into South Korea’s largest travel app ahead of IPO July 15, 2021 SoftBank’s Vision Fund II is injecting around $1.7bn in South Korea’s largest travel app ahead of its initial public offering and a worldwide travel boom. Seoul-based startup Yanolja, South Korea’s largest travel app said it plans to use the funds to expand geographically and to widen its digital technologies in the travel and hospitality industry. [...]
Darktrace upgrades 2022 expectations after strong sales July 15, 2021 Darktrace, a cybersecurity AI firm that listed in April, today said it expects revenue for the last financial year to have grown 40 per cent to $278m (£201m), upgrading its guidance for 2022. It now expects year over year revenue growth of between 29 per cent and 32 per cent (previously 27 per cent to [...]
Bridgepoint sets London IPO of up to £2.9bn July 14, 2021 Private equity firm Bridgepoint’s London IPO could value the company at as much as £2.9bn, in the first major UK listing for the industry in decades. The buyout group, which has around €27.4bn of assets under management across equity and debt funds, is looking to raise up to £789m when it lists on the London [...]
Kate Middleton-favoured maternity brand Seraphine eyeing £150m IPO July 13, 2021 Online maternity and nursing brand Seraphine is looking to raise just over £150m in its London IPO, floating on the tech-crazed market for the first time today. Today’s float, which commenced at 08:00, will see Kate Middleton’s go-to maternity brand’s shares set at 295p per share under the ticker “BUMP”. Around 50 per cent of [...]
US semiconductor firm Achronix scraps $2bn Spac listing July 12, 2021 US semiconductor company Achronix has scrapped its planned $2.1bn (£1.5bn) blank-cheque listing after the deal was held up by regulators. The California-based company inked an agreement in January to merge with a special purpose acquisition company (Spac) named Ace Convergence Acquisition Corp. The deal was subject to meeting certain closing conditions, including gaining regulatory approval. [...]
SoftBank-backed Flipkart rallies $37bn valuation, just south of its target July 12, 2021 Indian e-commerce giant Flipkart, which is controlled by Walmart, has been valued at $37.6bn today, just shy of its target. The valuation comes ahead of an initial public offering (IPO), which it hopes will take place early next year. Flipkart rallied $3.6bn in the pre-IPO fundraiser, which spurred its valuation and was co-led by SoftBank Vision [...]