Listing bonanza: Here are the IPOs to watch out for this year June 16, 2021 Building on the momentum seen towards the end of last year, IPO activity in London is surging so far this year. However, Deliveroo’s recent IPO flop demonstrates that success is far from guaranteed. City A.M. compiled an overview of the UK, US and international IPO contenders to watch this year as the global economy recovers. [...]
Exclusive: Why the post-Covid investment space is ripe for a wave of retail IPOs June 4, 2021 With over 450 IPOs already listed this year, including the likes of Moonpig and Dr Martens, the post-Covid market seems ripe for fresh floats. Large retail companies are no exception and will be part of the recovery conversation. “ In fact, market interest in retail is steadily returning following a slow recovery after the pandemic, which has [...]
Digital healthcare giant Babylon enters into $4.2bn SPAC deal June 3, 2021 Babylon, a digital-first healthcare company founded in 2013, today entered into a definitive merger agreement with SPAC Alkuri Global that will see the combined company trade on Nasdaq. The transaction, expected to close in the second half of 2021, reflects an initial pro forma equity value of $4.2bn and an enterprise value of $3.6bn. This [...]
UK Residential Reit looks to raise £150m in stock market float June 2, 2021 The UK Residential Reit today unveiled plans for an initial public offering on the London Stock Exchange as it looks to cash in on the UK’s housing shortage. The real estate investment trust, which was set up to invest in privately rented residential properties outside London, is targeting total proceeds of £150m plus an issue [...]
Losing faith: French music firm Believe lowers fundraising target ahead of IPO June 1, 2021 French music firm Believe, which helps artists get discovered on streaming platforms such as Spotify, has trimmed down its fundraising hopes ahead of a stock market float this month. The startup today said it planned to raise €300m (£258m) when it lists on the Euronext Paris exchange — below the €500m initially planned. The price [...]
IPO: Lightweight and portable oxygen tank maker to list in London May 28, 2021 Belluscura, a medical device developer that focuses on lightweight and portable oxygen technology, will today debut on London’s AIM market. The company, which was established in the UK in 2015, expects to be worth nearly £51m following admission to the stock exchange. It has conditionally raised £17.5m via share allocation prior to the placing. Belluscura’s [...]
Exclusive: IPO frenzy gives investors confidence to back emerging markets, says venture capital boss May 25, 2021 2020 saw many businesses and the flow of consumer cash into the economy put on hold. In early 2021, after months of volatility, Covid-19 vaccines started to offer hope, with business sentiment slowly recovering, and growing ever more optimistic as forecasts remain strong, and new variants seem to be covered by the inoculations. IPOs and mergers and acquisitions continue [...]
Made.com: Online furniture seller plots London IPO May 25, 2021 Made.com has unveiled plans for an initial public offering in London after cashing in on rapid growth during the pandemic. The online furniture retailer today said it will seek to raise roughly £100m through the issue of new shares, while the float will include an offer of shares to be sold by existing shareholders. The [...]
Wholesaler Kitwave raises £64m on London debut May 24, 2021 Food wholesaler Kitwave has today raised £64m after listing on the AIM market of the London Stock Exchange (LSE). Each of the firm’s selling shareholders earned £17.6m from the IPO, the firm said in a statement. Based on a placing price of 150p per share, the firm has a valuation of £105m, it added. Chief executive [...]
Exclusive: SPACs on LSE will power ‘IPO bonanza’ in London, says Silicon Valley Bank dealmaker May 22, 2021 To make the UK a more attractive place for investors, the government plans to allow Special Purpose Acquisition Companies (SPACs) to list in London and ease a range of share listing restrictions at the LSE, Jonathan Hill’s report. Hill’s report into future financial services regulation calls for a range of deregulatory measures that aim to “ensure [...]