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April 18, 2021

IPO

EXCLUSIVE China’s Ant explores ways for Jack Ma to exit

Reuters
Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology giant and give up control, as meetings with Chinese regulators signaled to the company that the move could help draw a line under Beijing’s scrutiny of its business, according to a source familiar......

EXCLUSIVE Grab mulling secondary Singapore listing after SPAC merger -sources

Reuters
Grab Holdings, Southeast Asia’s ride-hailing to delivery giant, is considering a secondary listing in its home market of Singapore after completing a Nasdaq listing via a $40 billion SPAC merger, three sources familiar with the matter said. Listing on Singapore Exchange (SGXL.SI) would enable Grab to have an investor base......

Shares of TuSimple, a developer of autonomous trucks, fall sharply after I.P.O.

New York Times
Shares in TuSimple, a developer of autonomous trucks that is backed by Volkswagen and UPS, fell sharply on Thursday after its initial public offering, suggesting that investors have doubts about the company’s promise of putting its technology on the road by 2024. The start-up, which is based in San Diego,......

Coinbase climbs 7% in premarket trading after landmark Nasdaq debut

CNBC
CNBC – For more and to sign up click here Coinbase employees spray champagne during the company’s initial public offering (IPO) outside the Nasdaq MarketSite in New York, U.S., on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Coinbase shares surged in premarket trading on Thursday, a......

Deliveroo shares fall as it gives cautious guidance in first update since IPO flop

CNBC
CNBC – For more and to sign up click here A Deliveroo rider’s bike near Victoria station on March 31, 2021 in London, England. Dan Kitwood | Getty Images LONDON — Shares of British food delivery firm Deliveroo fell on Thursday, as the company warned its growth could lose steam......

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......

Here’s who just got rich from the Coinbase debut

CNBC
CNBC – For more and to sign up click here New York’s Union Square Ventures first invested in Coinbase at 20 cents a share in 2013. Eight years later, the stock debuted on the Nasdaq at $381. Source – Click here for more To Return to the Main Aggregate News......

Post cuts size of SPAC IPO

FoodBusinessNews
ST. LOUIS — Post Holdings Partnering Corp. (PHPC), a business unit of Post Holdings, Inc. that earlier this year formed a special purpose acquisition company (SPAC) with the intention of raising funds to partner with a business in the consumer products space, disclosed in a revised S-1 filing with the......

Coinbase indicated to open on Nasdaq at about $340 per share, up from $250 reference price

CNBC
CNBC – For more and to sign up click here Coinbase shares were indicated to open at about $340 per share on the Nasdaq Wednesday morning after providing a reference price of $250 per share Tuesday evening. Skirting the traditional IPO process, Coinbase will list its stock directly, allowing employees......

Bitcoin has allowed a different kind of investor to build wealth, says crypto strategist

CNBC
CNBC – For more and to sign up click here Longtime crypto bull Meltem Demirors said Tuesday that bitcoin‘s ascent has built wealth for a different kind of investor. The comments on CNBC’s “Squawk Box” came one day before a major milestone for the crypto world is scheduled to take......

Coinbase gets reference price of $250 per share from Nasdaq ahead of Wednesday’s direct listing

CNBC
CNBC – For more and to sign up click here Nasdaq gave Coinbase a reference price of $250 a share on Wednesday ahead of its planned direct listing, which would value the cryptocurrency exchange at about $65.3 billion on a fully diluted basis. Coinbase is set to become the first......

Coinbase is unlike any market debut Wall Street has ever seen

CNBC
CNBC – For more and to sign up click here Coinbase is poised to command an astronomical valuation when the digital currency exchange goes public on Wednesday. But ask 10 market experts how the company should be valued, and you’ll likely get 10 different answers. That’s because Coinbase’s current business......

Bitcoin hits new all-time high above $62,000 ahead of Coinbase debut

CNBC
CNBC – For more and to sign up click here The Coinbase cryptocurrency exchange application seen on the screen of an iPhone. Getty Images Bitcoin surged to a fresh record high of more than $62,000 on Tuesday, as investors awaited the highly-anticipated stock market debut of cryptocurrency exchange Coinbase. The......

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......

Coinbase estimates Q1 revenue jumped nine-fold to about $1.8 billion ahead of public market debut

CNBC
CNBC – For more and to sign up click here Coinbase co-founder and CEO Brian Armstrong speaking at TechCrunch Disrupt SF 2018. Steve Jennings | Getty Images for TechCrunch In preparation for its debut on the Nasdaq next week, cryptocurrency exchange Coinbase said on Tuesday that first-quarter revenue climbed about......

Fox files lawsuit against Flutter over FanDuel ownership stake as IPO looms

CNBC
CNBC – For more and to sign up click here FanDuel mobile app Source: FanDuel Fox has filed a confidential lawsuit against Flutter, the U.K.-based majority owner of FanDuel, to secure its option to buy into FanDuel Group at the same price Flutter paid in December — a much lower......

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