Darktrace races out of the blocks: A boost for London’s IPO market after Deliveroo’s flop April 30, 2021 In a welcome boost for the London IPO market after the Deliveroo flop, UK cybersecurity company Darktrace launched this morning well above its initial price of 250p per share, jumping sharply to 350p in opening trade. There were early indications that the initial valuation might be higher than this, at around £3bn, however it appears that [...]
UFC owner Endeavor hits $11.6bn valuation on stock market debut April 29, 2021 Talent agency group and UFC owner Endeavor has secured a valuation of $11.6bn (£8.3bn) after taking its second shot at floating on the stock market today. The company, which was founded by Hollywood mogul Ari Emanuel, opened at $27 on the New York Stock Exchange, 12.5 per cent its offer price of $24. Emanuel founded [...]
Music Magpie secures new funding ahead of £208m stock market float April 20, 2021 Tech resale site Music Magpie today said it has secured £20m in fresh funding, just days after confirming plans for an initial public offering in London. The online retailer, which allows consumers to exchange old devices such as phones and game consoles to cash, has inked the deal with Silicon Valley Bank’s (SVB) UK branch. [...]
Cyber firm Darktrace confirms plans for London float in early May April 19, 2021 UK cybersecurity company Darktrace today confirmed it will float on the London Stock Exchange in the coming weeks as it looks to build on a successful pandemic year. The firm’s offer price will be determined following a book-building process, with the listing expected to take place early next month. The company is understood to be [...]
Grab finalises $40bn US listing through largest ever Spac deal April 13, 2021 Ride hailing and food delivery firm Grab today finalised a merger with Altimeter Growth to go public in the US at a valuation of just under $40bn (£29bn). The tie-up represents the largest ever Spac (special purpose acquisition company) deal ever made amid a frenzy of blank cheque deals on Wall Street. The Singapore-based startup, [...]
Tracking tech firm Buddi homes in on £500m London float April 13, 2021 A British tech firm that makes trackable wristbands is gearing up for a £500m stock market float in London. Buddi, which was founded by serial entrepreneur Sara Murray, has appointed Zeus Capital to oversee a listing later this year. The company produces wristbands that can be worn by vulnerable people. The bands can be connected [...]
Pensionbee targets £384m valuation as it gears up for London float April 12, 2021 Pensionbee is targeting a valuation of up to £384m as it prepares to list on the London Stock Exchange later this month. In a filing today the fintech firm priced its initial public offering at between 155p and 175p per share, giving a market capitalisation of between £346m and £384m. It plans to raise £55m [...]
Swedish payments firm Trustly plans to go public imminently April 12, 2021 Swedish payments firm Trustly plans to launch an IPO in late April or early May that could value the business at €9bn. Trustly’s owner, buyout group Nordic Capital, is working with Goldman Sachs, JP Morgan and Carnegie on the IPO, Reuters reported in January. Trustly’s revenues were around €130m in 2019 and will be around [...]
Darktrace revenue hits $200m as it confirms London float April 12, 2021 Darktrace today said its revenue surged to almost $200m (£146m) thanks to the pandemic as it confirmed plans to float on the London Stock Exchange. In a filing this morning the Cambridge-based tech firm unveiled its intention to list in London, with its registration document due to be published later today. Darktrace did not provide [...]
UK records strongest opening quarter IPO performance in 14 years April 12, 2021 UK listings got off to a strong start this year, with more funds raised in the opening quarter of 2021 than in any other opening quarter since 2007. The first quarter of 2021 also marked the most funds raised in a single quarter since 2014, according to new research from EY. Both the main market [...]