Deliveroo narrows share price range as expected valuation drops by £1bn March 29, 2021 Deliveroo has said it will price shares for its highly anticipated stock market listing towards the bottom of its price range due to “volatile” market conditions. The takeaway delivery service is set to announce its final pricing on Wednesday morning but has narrowed its share price range to between £3.90 and £4.10 per share. Last [...]
Trustpilot shares soar as firm kicks off £1.1bn London IPO March 23, 2021 Shares in online reviews platform Trustpilot rose by 14 per cent in its London stock market debut on Tuesday. The company has priced the IPO at 265p per share, giving it a market capitalisation of £1.1bn. The firm launched 161 million shares today, jumping 14 per cent in morning trading. The IPO will raise £473m [...]
LGIM to call for ‘more protections’ for minority investors March 22, 2021 One of the UK’s largest investors is set to call for more protections for minority investors in a submission to the Financial Conduct Authority (FCA) over reforms to the UK’s listings regime. Legal & General Investment Management (LGIM) will call for a range of measures, including making investment banks which run IPOs for companies receive [...]
$76.7bn of SPAC IPOs break all-time record only ten weeks into 2021 March 15, 2021 So far this year, 258 global special purpose acquisition company (SPAC) IPOs have been brought to the market, up to the end of last week, surpassing the full year annual record of 256 set during 2020 in just 10 weeks. According to new Refinitiv data, published this morning, global SPAC IPO proceeds total just over [...]
Exclusive: Teams rival Starleaf plots London float as demand surges March 10, 2021 British video call and messaging firm Starleaf is plotting an initial public offering in London after demand for its services surged during the pandemic, City A.M. can reveal. Watford-based Starleaf, whose platform is used by major corporate clients including the NHS, booked a record year of trading in 2020 amid the shift to home working. [...]
Trustpilot aims for £1bn valuation in upcoming London IPO March 8, 2021 Consumer review service Trustpilot is aiming to bag a £1bn listing when it lists its shares in London later this month, after it secured $240m through the initial public offering. The Danish company confirmed its intention to float on the London Stock Exchange earlier this month, following $240m commitments from investors including Fidelity, Adelphi, BlackRock and [...]
AIM outperforms London’s main market during 12 months of Covid-19 March 8, 2021 A year on from the start of the Covid-19 pandemic, the AIM has strongly outperformed London’s main market, something highly unusual in periods of economic downturn. London’s AIM outperformed the FTSE All-Share by a number of metrics, in part due to several of its listed companies performing well during the pandemic. The AIM All-Share index [...]
Cyprus-focused miner Caerus Mineral Resources set for London float March 5, 2021 A mining firm targeting gold and copper sites in Cyprus has this morning announced its intention to float on London’s main market. Caerus Mineral Resources – named after the Greek god of opportunity – has completed a fund-raise by means of placing 21 million new shares of 0.1p each in the capital of the company. [...]
Ready meal firm Parsley Box set for London float March 5, 2021 Ready meal provider Parsley Box has this morning announced its intention to float on London’s AIM list. The company, which targets its meals at the “baby boomer” generation, said it would give its customers the chance to invest in the firm as part of the IPO. Parsley Box said that it planned to be admitted [...]
Darktrace appoints former BT boss to board ahead of £4bn float March 1, 2021 Darktrace has appointed former BT chief executive Sir Peter Bonfield to its board ahead of a potential stock market float that could value the cybersecurity giant at £4bn. Bonfield has more than five decades of experience in the tech sector, including a six-year tenure as boss of the blue-chip telecoms giant. He currently serves as [...]