The FinTech IPO index fell 3.2% towards the end of the week and is down 10.2% towards the last days of October. The gap is deep if the Index is ever to reach positive territory – the Index is down more than 48% to date. Pick your day, and of course things will seem brighter … Read more
Oct 20 (Reuters) – Saudi Aramco (2222.SE) is moving forward with plans for an initial public offering of its energy trading business, targeting an IPO in Riyadh before the end of the year or early 2023, Bloomberg News reported on Wednesday. The world’s largest oil producer is in the process of adding more banks to … Read more
This was the general opinion that emerged from the UK InsurTech founders speaking to this publication, for the second of a two-part series on the environment in which InsurTech CEOs find themselves. Part one examined what a correction in funding levels could mean, in terms of mergers and acquisitions and the prospect of bankruptcy at … Read more
The S&P BSE Sensex has posted negative returns of 2.8% since the last Muhurat trade, leaving investors poorer. According to an analysis of stock market data on sector indices by brokerage firm Samco Securities, BSE Capital Goods delivered the highest return at 12.5%, followed by BSE FMCG and BSE Auto with gains of 11.4% and … Read more
Gene editing biotech Prime Medicine thaws an icy market with a $175 million IPO, one of the industry’s biggest debuts this year,…
Private equity-led companies in Asia are opting for controversial dividend recapitalizations to realize returns on their investments as IPOs…
In light of poor market conditions, Taiwanese electronics contract maker Foxconn plans to roll back an initial public offering (IPO) for its Indian subsidiary, Bharat FIH. In a statement, Foxconn said a proposed spin-off would be pursued when conditions improve, without citing a revised timeline. It also added that the company’s shareholders and potential investors … Read more
October 20, 2022, 18:43 Issues with a new version of a Honest Co. diaper and declining consumer demand for household products a year into the pandemic impacted the company’s revenue outlook but were not disclosed in the first public offering documents, a derivative lawsuit says . Diapers are an important product for the company because … Read more
(Reuters) – Saudi Aramco continues to plan for an IPO of its energy trading business, targeting an IPO in Riyadh by the end of the year or early 2023, Bloomberg News reported Wednesday. The world’s largest oil producer is in the process of adding more banks to the IPO, which could value the unit at … Read more
By Colin Kellaher The shares of Prime Medicine Inc. moved lower on their trading debut on Thursday, after the biotech company’s upgraded IPO priced against expectations. The Cambridge, Mass. company sold nearly 10.3 million shares at $17 each, compared to previous plans to offer 8.9 million shares at between $16 and $18 each. Prime shares … Read more