IP-Off? Shanghai Stock Exchange suspends Ant Group’s listing November 3, 2020 The Shanghai stock exchange has suspended Ant Group’s public listing, which was set for Thursday. The Chinese fintech firm was set to raise $34.4bn in both Shanghai and Hong Kong through the mammoth dual listing. Ant Group set the price tag for the Shanghai leg of the float at 68.8 yuan (£7.88) per share, while [...]
Software firm The Bytes Group unveils plans for London stock market float November 2, 2020 Software firm The Bytes Group today unveiled plans for an initial public offering after posting a rise in revenue and profit thanks to the shift in home working. The planned float would see the firm demerge from its South African parent company Altron and pursue a primary listing on the London Stock Exchange and a [...]
Tech resale site Music Magpie plots London stock market float October 28, 2020 Resale site Music Magpie is plotting an initial public offering in London after enjoying a bump in revenue during the coronavirus lockdown. The company has tapped investment banks Peel Hunt and Shore Capital to lead the float, which is expected to take place next year. Music Magpie allows customers to exchange their old electronic devices, [...]
Ant Group to raise $34bn in world’s biggest stock market debut October 26, 2020 Ant Group is aiming to raise up to $34.4bn (£26.4bn) in what will be the world’s largest ever initial public offering, stock market filings confirmed today. The Chinese fintech firm is set to raise $17.2bn in both Shanghai and Hong Kong through the mammoth dual listing. Ant Group set the price tag for the Shanghai [...]
Ant Group gets final approval for world’s biggest stock market float October 21, 2020 China’s Ant Group today won the final nod from regulators for its $35bn (£26.6bn) initial public offering, clearing the way for what could be the largest-ever stock market debut. The fintech giant, which is backed by Chinese ecommerce group Alibaba, today won approval from the country’s top securities watchdog for its registration in Shanghai. Ant [...]
Music royalties firm Round Hill plots London listing October 13, 2020 Music royalties firm Round Hill today said it is planning to raise $375m (£288m) through a listing on the London Stock Exchange. Guernsey-based Round Hill Music Royalty Fund said it was targeting annual returns of between nine and 11 per cent through its investment in music intellectual property. Founded in 2010, Round Hill is an [...]
Shot in the arm for e-sports market as David Beckham-backed enterprise is UK’s first to float October 2, 2020 David Beckham’s e-sports company Guild Esports started trading on the London Stock Exchange today. The firm, which trades under the ticker GILD, is the first major e-sports company to go public in the UK. Guild Esports said earlier this week that its oversubscribed offering of 250m shares was priced at 8 pence per ordinary share. [...]
Green shoots of recovery in the IPO market September 23, 2020 | City Talk IPOs of all shapes and sizes were understandably shelved by the turmoil in global markets in the first half of the year. It would be a brave company that would launch their newly-listed firm into a global stock market that was in the midst of its biggest and most dramatic rout in years. It is [...]
Homeless shelter investment firm plans £250m London float September 7, 2020 Homeless accommodation provider Home Reit has this morning announced that it will float on the London Stock Exchange market next month. The trust, which seeks to invest in accommodation for homeless people across the UK, is looking to raise £250m from the initial public offering. The first real estate trust to float in London since [...]
The Hut Group plots mega £4.5bn London initial public offering August 27, 2020 The Hut Group today unveiled plans for a £4.5bn float on the London Stock Exchange in a move that is set to land its co-founder a bumper payday. The consumer brands retailer, which is based at Manchester Airport, said in a filing that it intends to carry out a free float of at least 20 [...]