Shein targets 2025 for London float November 18, 2024 E-commerce giant Shein is set to target early next year for its £50bn float on the London Stock Exchange, subject to pending regulatory approvals. It is set to hold an official investor roadshow in the coming weeks, during which the IPO-bound company will field large investors’ questions and test their investment appetite, according to The [...]
Buy-now pay-later giant Klarna files for IPO in the US November 13, 2024 Buy-now pay-later (BNPL) giant Klarna has filed for an initial public offering (IPO) in the US, formally starting proceedings for a blockbuster stock market debut. The Swedish fintech company confidentially submitted the relevant paperwork to the Securities and Exchange Commission (SEC), it said last night. Klarna added that the number of shares to be offered [...]
Just Eat shares spike after it announces Grubhub sale November 13, 2024 Delivery platform Just Eat has agreed to sell its American arm, Grubhub, to the US takeaway startup Wonder. Shares in Just Eat rose 19 per cent in early trades on the news. Just Eat sold the platform for $650m (£500m), a 90 per cent discount on the $7bn it paid in 2021—or, adjusting for inflation, [...]
Exclusive: Reeves to reveal plans for ‘world first’ private stock market Pisces November 13, 2024 The government will set out its plans for a “world first” private stock market regime tomorrow in a bid to revive the UK’s flagging IPO pipeline, City AM can reveal. At her maiden Mansion House speech in the City, the Chancellor Rachel Reeves will reveal proposals to legislate in May next year for a regulated [...]
Dell sales slump by £500m as it sheds hundreds of jobs November 7, 2024 Sales at the UK arm of technology giant Dell were cut by almost £500m during its latest financial year as it shed hundreds of jobs, it has been revealed. The London-headquartered division of the US group has reported a revenue of £3bn for the 12 months to 2 February, 2024, down from £3.5bn. Newly-filed accounts [...]
Lime ‘ready’ for IPO, says boss November 3, 2024 A Lime initial public offering (IPO) would come despite scrutiny over the sturdiness of the micromobility sector's finances.
CAB Payments engages with US firm on possible takeover offer October 30, 2024 Fintech CAB Payments has said it is engaging in discussions with US payments firm StoneX about a possible takeover offer after its disastrous London float last summer.
US investor revives controversial Revolut share offer after FCA setback October 28, 2024 A US private equity firm is pressing on with a controversial effort to grow its stake in Revolut at a heavy discount, City AM can reveal, after its previous offer was scuppered by the City regulator.
BP and Shell profit set to slide on sluggish oil prices October 28, 2024 BP and Shell are expected to post lower profits this week as the supermajors grapple with weak oil prices and a global slowdown in demand.
Revolut: US investor tried to scoop up cheap shares with Budget tax warning October 27, 2024 A US private equity firm tried to leverage fears of a capital gains tax raid in the Budget as it sought to grow its Revolut stake at a heavy discount, City AM can reveal, in a move foiled by the City regulator.