Dr. Martens gearing up for stock market float January 11, 2021 Dr. Martens is readying itself for an IPO, and hoping to trade on the main market of the London Stock Exchange after more than 60 years in business. The iconic footwear brand has engaged Goldman Sachs and Morgan Stanley as join global co-ordinators, and Barclays, HSBC, Merrill Lynch and RBC Europe as joint bookrunners in [...]
Airbnb looks set to take flight in $35bn float next week December 4, 2020 It’s been a long time coming but after months of speculation Airbnb looks set to pull the trigger on an IPO on 9 December, to start trading a day later, with a valuation expected to be in the region of $35bn, pricing the shares between $44 and $50 a share, as it looks to raise as much as [...]
Bytes Group looks to raise £455m in London stock market float December 1, 2020 Software firm Bytes Group is aiming to raise as much as £455m from its initial public offering as it cashes in on the rise in home working. The Surrey-based company today said it will sell up to 172m new shares at a target price range of between 240p and 290p per share, giving it maximum [...]
Door Dash eyes $27bn valuation as it rides tech IPO wave November 30, 2020 US food delivery startup Door Dash is aiming to raise as much as $2.8bn (£2bn) in an initial public offering that could value it at $27bn. The Softbank-backed app plans to sell 33m shares priced between $75 and $85 each, according to a regulatory filing today. The bumper listing will come amid a flurry of [...]
JD Health set for $3.5bn IPO in biggest Hong Kong launch of the year November 25, 2020 Chinese healthcare giant JD Health is set for a $3.5bn (£2.6bn) IPO in Hong Kong next month, in what would be the city’s biggest listing this year. JD Health is China’s largest healthcare platform by revenue, bringing in $1.6bn last year, and now has more than 70m active users. It is a subsidiary of Chinese [...]
Treasury launches listings review to lure companies to float in the UK November 19, 2020 The Treasury has today launched a review into the rules governing public listings in a bid to lure firms to float in the UK. Former British commissioner to the EU Lord Hill will lead the review which is aimed at helping to shape the UK’s financial services industry after Brexit. Lord Hill will present his [...]
Airbnb reveals deeper loss ahead of stock market float November 17, 2020 Airbnb today revealed it has suffered deeper losses this year as a result of the Covid-19 pandemic, as it unveiled the prospectus for its eagerly-awaited stock market listing. The holiday rental company posted a loss of $697m (£527m) on revenue of $2.5bn in the nine months to the end of September, a widening of the [...]
Airbnb to go public ‘as early as next week’ November 5, 2020 Airbnb is set to make its initial public offering (IPO) listing as early as next week, according to reports, as the home rental company attempts to cash in on investor wanderlust during the pandemic. Airbnb has laid out plans to set an IPO price range in December, according to Reuters. The firm last month suggested [...]
Sink or float: What’s next for Ant Group after China suspends world’s biggest IPO? November 4, 2020 The tech world was thrown into turmoil yesterday after Chinese authorities put an abrupt halt to Ant Group’s record-breaking initial public offering. The Chinese fintech giant was set to raise $34.4bn (£26.5bn) through a dual listing in Shanghai and Hong Kong in what would be the world’s largest stock market debut. But the Shanghai leg [...]
Deliveroo taps JP Morgan as it steps up London float preparations November 3, 2020 Deliveroo is said to have appointed bankers at JP Morgan as it steps up preparations for an initial public offering in London next year. The food delivery app has added the Wall Street bank to its line-up of advisers alongside Goldman Sachs, Sky News reported. Deliveroo, which was founded in 2013 by Will Shu, is [...]