Volkswagen investors split on whether Porsche IPO should go ahead – Bernstein poll
BERLIN – Volkswagen investors polled by Bernstein Research were split on whether an IPO of sportscar brand Porsche should go ahead after Friday’s announcement of a leadership change at the helm of…
Goldman Sachs poised to lead U.S. IPO of SoftBank’s Arm – sources
By Anirban Sen, Krystal Hu and Sam Nussey – SoftBank Group Corp is planning to pick Goldman Sachs Group Inc as the lead underwriter on the initial public offering of Arm Ltd…
Two SPACs backed by billionaire Ken Moelis withdraw U.S. IPO plans
– Two special purpose acquisition companies (SPACs) backed by billionaire investment banker Ken Moelis have withdrawn their plans for initial public offerings in the United States, according to regulatory filings on Wednesday.…
Chinese startups’ SPAC listings gather pace as tougher offshore IPO rules loom
By Selena Li and Samuel Shen HONG KONG – Capital-hungry smaller Chinese startups are vying for speedy offshore listings by merging with blank-check firms at a time when Beijing’s tighter scrutiny has…
Facebook-backed Indian startup Meesho targets early 2023 for IPO – source
By Shivani Singh BENGALURU – Indian startup Meesho, which counts Facebook-owner Meta Platforms and SoftBank Group’s Vision Fund 2 as its investors, is aiming to go public in early 2023, a source…
Olam focused on Q2 London IPO of food ingredients unit; watching markets
SINGAPORE – Commodities trader Olam International is focused on completing the IPO of its food ingredients unit in the second quarter but it is also tracking market movements to see the potential…
Exclusive-VW could issue common, preference shares in possible Porsche AG IPO – sources
HAMBURG – Volkswagen is weighing issuing an equal number of common and preference shares in a potential listing of luxury carmaker Porsche AG and may pay a special dividend to its owners…
Potential investors in India LIC’s giant IPO fret over govt control of insurer -sources
By Nupur Anand, Aftab Ahmed and Scott Murdoch MUMBAI – Prospective investors in Life Insurance Corp of India’s (LIC) $8 billion IPO are seeking assurances from company management that it will not…
Thyssenkrupp hydrogen IPO plans face market headwinds – sources
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF – A steep drop in hydrogen shares is likely to hit the valuation of Thyssenkrupp’s hydrogen unit Nucera, according to investor and financial sources, which…
Coty cancels IPO plans for Brazil unit
– CoverGirl cosmetics maker Coty Inc said on Tuesday it would withdraw from the planned initial public offering of its Brazilian unit, blaming adverse financial market conditions in the South American country.…
Analysis-U.S. IPO slowdown slams door on tech unicorns looking to cash out
By Echo Wang NEW YORK – The party is over for technology start-ups rushing to go public at ever-higher valuations, as volatile U.S. stock markets have dampened investor appetite for high-growth stocks.…
Exclusive-KKR explores sale or IPO of cybersecurity consultant Optiv -sources
By Krystal Hu and Chibuike Oguh – Buyout firm KKR & Co Inc is exploring a sale or an initial public offering for Optiv Security Inc, a U.S. cybersecurity solutions distributor and…
SoftBank-backed Gopuff hires banks for IPO -sources
By Anirban Sen, Krystal Hu and Echo Wang -Gopuff, the SoftBank Group Corp -backed delivery startup that was valued at about $15 billion last year, has tapped banks to lead preparations for…
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