Visa-backed Brazilian payments firm Conductor eyes US IPO July 27, 2021 Brazilian payments firm Conductor has tabled plans for a US initial public offering that could come as soon as this year, according to reports. Conductor, which is backed by Visa, has already hired banks for the IPO, Reuters first reported citing three sources close to the matter. No figure has yet been put on the [...]
Indian food delivery app Zomato surges 80 per cent on IPO July 23, 2021 Indian food delivery startup Zomato skyrocketed as much as 80 per cent on its stock market debut today, setting the pace for a string of upcoming listings in the country. Shares in Zomato, which is backed by Ant Group, surged as high as 138.9 rupees each, giving the company a market capitalisation of $12bn. It [...]
Draper Esprit floats to become largest tech VC on London’s main market July 23, 2021 UK venture capital firm Draper Esprit today announced it has made the jump from the AIM to London’s main market, with a market value of £1.4bn – the largest tech-only focused VC on the London Stock Exchange (LSE). The move comes exactly a month after the firm announced its intention to make the leap and [...]
Archie Norman granted £1.75m ‘singing-on’ fee to join board of Bridgepoint July 22, 2021 Chairman of M&S Archie Norman has been offered a rare signing-on fee of £1.75m to join the board of newly floated buyout group Bridgepoint as the senior independent director. As Bridgepoint took the unusual step of listing on the London Stock Exchange on Wednesday, Norman’s onboarding fee was buried in registration documents detailing the terms [...]
Bridgepoint shares swell 26 per cent upon rare London IPO July 21, 2021 Shares in private equity firm Bridgepoint surged upon its London stock exchange debut on Wednesday, 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, set a share price of 350 pence per share in an announcement on [...]
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. [...]