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May 7, 2021

Initial Public Offerings

Canal+ Polska revives Warsaw listing ambitions amid IPO boom

Reuters
FILE PHOTO: The Vivendi logo is pictured at the main entrance of the entertainment-to-telecoms conglomerate headquarters in Paris March 14, 2014. REUTERS/Charles Platiau/File Photo LONDON (Reuters) – Polish pay-TV platform Canal+ Polska has revived plans for an initial public offering (IPO) in Warsaw, seeking to take advantage of a surge......

Goldman Sachs profit soars on global deals frenzy, trading boom

Reuters
(Reuters) – Goldman Sachs Group Inc surged past Wall Street expectations for first-quarter profit on Wednesday, as the U.S. investment banking giant capitalized on record levels of global dealmaking and a coronavirus-driven boom in equity trading. An unprecedented boom in private firms merging with listed shell companies to go public......

South Korea’s construction firm Hyundai Engineering prepares for IPO

Reuters
SEOUL (Reuters) – South Korean construction company Hyundai Engineering said on Tuesday it had reached out to brokerage firms at home and abroad for them to make bids to carry out the firm’s initial public offering (IPO). Hyundai Engineering, an affiliate of Hyundai Motor Group, engages in the civil and......

Vaccitech, startup behind AstraZeneca-Oxford’s COVID-19 vaccine, files for U.S. IPO

Reuters
FILE PHOTO: Vials of Oxford/AstraZeneca’s COVID-19 vaccine are pictured at a vaccination centre in Bierset, Belgium March 17, 2021. REUTERS/Yves Herman/File Photo (Reuters) – Biotech startup Vaccitech Plc, which owns the technology behind the COVID-19 vaccine developed by Oxford University and AstraZeneca Plc, filed for a U.S. initial public offering......

Exclusive: Brazilian payments network Elo picks banks for IPO – sources

Reuters
SAO PAULO (Reuters) – Brazilian payments firm Elo has chosen six banks to manage its initial public offering, four sources close to the matter said, in the first concrete sign it is proceeding with a move first proposed by shareholders in August. FILE PHOTO: A view of the exterior of......

Sports streaming service DAZN weighs IPO to drive fresh growth

Reuters
By Elvira Pollina, Douglas Busvine MILAN (Reuters) – DAZN, the online sports broadcaster which this year snatched the rights to screen Italy’s top-flight soccer league from Sky, is considering the possibility of going public as it chases further growth, its joint chief executive said. FILE PHOTO: Internet streaming service DAZN’s......

Creators’ platform Patreon valued $4 billion in latest funding round

Reuters
(Reuters) – Patreon Inc, a platform that lets artists seek financial patronage from their fans, said it was valued at $4 billion in its latest funding round, more than tripling from September last year. The San Francisco, California-based company raised $155 million in the fresh round led by new investor......

Coinbase investigating transaction delays on its financial platform

Reuters
(Reuters) – Coinbase Global Inc, the largest U.S. cryptocurrency exchange, said on Tuesday it was investigating issues that are causing delays in deposits and withdrawals on its Stellar platform. Stellar is its secure platform that connects banks, payments systems and users in a network and has its own cryptocurrency called......

ByteDance considers listing Douyin in New York or Hong Kong: sources

Reuters
By Yingzhi Yang, Julie Zhu BEIJING/HONG KONG (Reuters) – ByteDance is in talks about a possible offshore listing of its short video app Douyin, the Chinese version of TikTok, in New York or Hong Kong, two people familiar with the matter said. A man stands near a giant sign of......

Exclusive: China considering new bourse to attract overseas-listed firms – sources

Reuters
HONG KONG (Reuters) – China is considering establishing a stock exchange to attract overseas-listed firms and bolster the global status of its onshore share markets, two people with knowledge of the matter told Reuters. FILE PHOTO: A Chinese national flag flutters near the building of China Securities Regulatory Commission (CSRC)......

Sensex, Nifty fall weighed by financials

Reuters
FILE PHOTO: People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, November 4, 2020. REUTERS/Francis Mascarenhas/File photo BENGALURU (Reuters) – Indian shares fell on Wednesday, after gaining more than 2% in the previous session, pressured by financial stocks, as rising U.S. Treasury yields renewed concerns of foreign......

Bilibili shares set to fall 2.2% in Hong Kong trading debut

Reuters
HONG KONG (Reuters) – Chinese online video site Bilibili Inc’s shares are set to fall 2.2% to HK$790 from the company’s secondary listing price when the company starts trading in Hong Kong on Monday. The firm raised HK$20.2 billion ($2.6 billion) after pricing shares at HK$808 each last week. Reporting......

Indian shares fall over 1% as financials drag, coronavirus cases spike

Reuters
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, February 26, 2016. REUTERS/Shailesh Andrade/Files BENGALURU (Reuters) – Indian shares fell on Wednesday, dragged down by financial companies and weakness in global stocks, as worries over the economic impact from a continued surge in......

Robinhood confidentially files for U.S. stock market listing- sources

Reuters
March 23 (Reuters) – Robinhood Markets Inc, the online brokerage at the heart of the historic retail trading frenzy that gripped Wall Street this year, has confidentially submitted plans to regulators for a U.S. stock market listing, people familiar with the matter said. It was not immediately clear whether Robinhood......

SoftBank-backed Zymergen files for $100 million U.S. IPO

Reuters
(Reuters) – Zymergen Inc, backed by SoftBank Group Corp Inc’s Vision Fund, is looking to raise around $100 million through an initial public offering in the United States, according to a regulatory filing on Tuesday. The company did not reveal the number of shares it plans to offer for sale......

‘Human error’ by Australia’s stock exchange delays Airtasker market debut

Reuters
FILE PHOTO: The Australian Securities Exchange ASX logo is seen in Sydney, Australia, February 8, 2018. REUTERS/Daniel Munoz (Reuters) – The Australian stock exchange said the listing of online labour-for-hire marketplace Airtasker was delayed by a day due to “human error” on its part, in another setback for ASX Ltd......

Indian shares fall as financials weigh, COVID-19 cases rise

Reuters
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, November 9, 2016. REUTERS/Danish Siddiqui/Files BENGALURU (Reuters) – Indian shares edged lower on Monday, weighed down by financial stocks amid rising coronavirus cases in the country, while Asian peers were mixed as a......

Indian shares fall on fears of fund outflows; Future Group firms drop

Reuters
A bird flies past the Bombay Stock Exchange (BSE) building in Mumbai, India, January 31, 2020. REUTERS/Francis Mascarenhas BENGALURU (Reuters) – Indian shares opened lower on Friday, on continued fears of foreign fund outflows from emerging markets due to rising U.S. Treasury yields, while shares of Future Group companies fell......

Spain’s Opdenergy to kick off renewable IPO rush in April: sources

Reuters
By Abhinav Ramnarayan, Isla Binnie LONDON/MADRID (Reuters) – Spain’s Opdenergy is preparing to launch an initial public offering (IPO) as soon as April, three sources told Reuters, potentially paving the way for several other energy firms to raise funds to build solar parks and wind farms in the country. FILE......

UPDATE 1-Coinbase to float about 114.9 million shares in U.S. listing

Reuters
(Adds details on listing, background) March 17 (Reuters) – Coinbase said on Wednesday it had registered about 114.9 million shares for its direct listing on the Nasdaq, setting the U.S. cryptocurrency exchange up for the highest-profile listing from a firm primarily focused on digital currency. Coinbase Global Inc, among the......

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