Wework adds woman to board after criticism ahead of IPO September 4, 2019 The We Company, which owns office space provider Wework, has said it will add a woman to its board of directors and unwind a $5.9m (£4.8m) payment to its chief executive for use of the trademarked word “we” as it prepares for an initial public offering (IPO). We Company had faced criticism from analysts over [...]
Tradeweb’s CEO on tech, China, and modernising bond markets July 24, 2019 While researching Lee Olesky, the co-founder and chief executive of the fixed-income market platform Tradeweb, I came across an article comparing him to Amazon’s founder Jeff Bezos. Both started their companies in the nineties. Both set out to use the internet and ecommerce to disrupt their respective industries at a time when the idea of [...]
London equity capital markets remain resilient despite uncertainties July 8, 2019 London remained a bright spot for equity capital markets as investors shrugged off economic and political uncertainties in the first half of this year. Total funds raised in the UK in the first half of this year reached £19.2bn, up from 22 per cent in the second half of 2018. Read more: Private equity investment [...]
Funding Circle share crash ‘brutally punishes’ IPO investors July 2, 2019 Analysts have accused Funding Circle of failing to deliver on the promises of its IPO after the lender’s shares crashed today following a revenue warning. Small business lending platform Funding Circle’s shares slumped today after it halved its revenue growth projection to 20 per cent following poor demand for its loans. Read more: Funding Circle [...]
Senior women in finance call for female-led IPOs to triple July 1, 2019 Senior women from top financial institutions have called for the number of female-led businesses going public to triple by 2025. Leading women from major banks, law firms and insurance companies gathered at the opening of the London Stock Exchange this morning to call for change as part of a campaign by the WealthiHer Network. Read [...]
Rolex giant Watches of Switzerland begins London IPO debut with £650m valuation May 30, 2019 The UK’s largest seller of Rolex watches has begun life as a listed firm in the Square Mile today, having priced its shares towards the top end of the range it had targeted. Investors start trading in Watches of Switzerland on the London Stock Exchange today after the firm priced its shares at 270p, valuing [...]
No slacker: Messaging app Slack targets $196.5m in New York Stock Exchange float May 21, 2019 Work messaging app Slack expects to net $196.5m when it goes public on the New York Stock Exchange in the next few weeks. Read more: Slack files for IPO: Everything you need to know The collaboration firm, which changed its stock ticker from ‘SK’ to ‘WORK’ yesterday, will float nearly 117m shares on the stock [...]
From low expectations to future hopes: Four things we learnt from Uber’s stock market debut May 11, 2019 It was billed as one of the most anticipated initial public offerings (IPOs) in years, but yesterday Uber's investors were left disappointed when it set sail on the public markets for the first time. Here are four things we were looking out for during yesterday's trading. Read more: Uber shares begin NYSE trading in $82.4bn [...]
Uber shares debut on New York Stock Exchange in $82.4bn IPO May 10, 2019 Shares in ride-hailing giant Uber began trading on the New York Stock Exchange today, after the firm priced its stock at the lower end of its target range. Uber priced its initial public offering (IPO) at $45 per share after setting a range of between $44 and $50. Read more: Uber's float is a huge [...]
Softbank mulls float for $100bn Vision Fund as it looks for fresh cash injection May 3, 2019 Japanese investment giant Softbank is reportedly considering an initial public offering (IPO) of its $100bn (£77bn) Vision Fund. The firm is mulling the bumper float as part of series of options as it looks to raise more funds for its investment arm, the Wall Street Journal reported, citing people familiar with the matter. Read more: Softbank [...]