Oprah’s Oatly milks lofty $10bn valuation ahead of US trading May 20, 2021 Oat-milk maker Oatly has secured a valuation of an eyewatering $10bn today, securing a lofty share price amid rocky stock market trading. The Swedish brand’s initial public offering (IPO) raised $1.43bn, with shares pricing in at $17 this morning, towards the high end of expectations, according to the Wall Street Journal. Oatly had its [...]
Robinhood poised to publish IPO filings ‘as soon as next week’ May 18, 2021 Trading platform Robinhood is reportedly preparing to publish filings for its initial public offering as soon as next week as it gears up to go public next month. The commission-free app, which saw its popularity surge following a retail trading frenzy during the pandemic, is targeting late June for its float, Bloomberg reported. The filings [...]
Exclusive: Medical cannabis company chaired by former Lord Mayor of London to float on LSE May 12, 2021 Hellenic Dynamics, a medical cannabis cultivation business, plans to list on the London Stock Exchange next month, in a move likely to give the budding business a valuation of £50m. The group will list on the main market of the London Stock Exchange via reverse takeover into a shell company. “What we were looking for [...]
Thyssenkrupp considering IPO or SPAC for hydrogen business, says CEO May 11, 2021 German multinational Thyssenkrupp is considering an initial public offering (IPO) or a deal with a special purpose acquisition company (SPAC) for its hydrogen business, Martina Merz, its chief executive, has said. A 66-34 joint venture of Thyssenkrupp and Italy’s De Nora, Thyssenkrupp Uhde Chlorine Engineers (TKUCE), is the world’s largest supplier of chlor-alkali membrane technologies used to produce hydrogen. In a call [...]
Record label Believe follows Universal with €2bn listing plan May 10, 2021 French record label Believe is gearing up for a €2bn (£1.7bn) stock market float as the music industry looks to cash in on a streaming-induced boom. The startup, which offers distribution services to help artists get discovered on platforms such as Spotifty and Apple Music, is hoping to raise €500m through a listing on the [...]
SPAC frenzy holds valuable lessons for the UK May 6, 2021 | City Talk The explosive growth in Special Acquisition Purpose Company (SPAC) listings – shell companies listed on the stock exchange with the purpose of ‘reversing-in’ to another company and taking it public by the backdoor, has so far been a purely US phenomenon. However, other markets are now catching on. The value of listings by SPACs grew [...]
Digital ad firm Dianomi plots £70m London stock market float May 4, 2021 Digital advertising firm Dianomi today unveiled plans for a stock market float in London, marking another boost to the City’s booming initial public offering (IPO) scene. Dianomi, which specialises in paid content for financial services clients, is targeting a £70m valuation and aiming to raise £25m through listing on London’s Aim market this month. The [...]
London IPO: Darktrace shares surge 40 per cent on market debut April 30, 2021 Shares in UK tech darling Darktrace soared on their London debut, jumping as much as 42 per cent higher than their initial listing price, in an IPO that valued the company at £1.7bn. Darktrace this morning said shares were priced at 250p in its London IPO, the midpoint of the range. Upon the opening bell shares traded [...]
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 [...]