US startup Cloudflare whose software makes websites load faster and with greater security is planning to launch its initial public offering (IPO) that could value it at more than $3.5 billion. The company is expecting to go public in the first half of next year, joining a string of software and internet firms seeking to tap the […]
Dubai-based payment processing firm called Network International which is the largest of its kind in the Middle East and Africa, is currently evaluating the possibilities and expecting to launch its initial public offering. The company is jointly owned by Emirates NBD and private equity firms Warburg Pincus and General Atlantic. The company stated that its […]
China’s largest music-streaming company Tencent Music Entertainment Group has filed an initial public offering (IPO) in the United States under the symbol “TME”. This is expected to be the biggest US IPO by a Chinese company. The company is expecting a valuation of about $25 billion. It includes Spotify-like digital streaming apps QQ Music, Kugou and karaoke app WeSing. […]
China’s mobile internet company CooTek (Cayman) Inc has been now listed on the New York Stock Exchange (NYSE). The company that is based in East China’s Shanghai started trading on Friday. The company issued 4.35 million American Depository Shares (ADS) and raised $52.2 million. Every ADS of CooTek was priced at $12. The share price […]
Electric scooter startup called Niu Technologies which is based in China has filed for an initial public offering (IPO) on Nasdaq. The company has planned to raise up to $150 million through this IPO. Niu claims to be the largest lithium-ion battery-powered e-scooters company in China. Founded in 2014, the company is based in Beijing […]
San-Francisco based online ticketing platform Eventbrite (EB) has finally launched its much-awaited IPO. The shares of the company soared as high as 70 percent in its stock market. The shares opened at $36 and climbed as high as $39.30 before ending the session 59 percent up at $36.50. Eventbrite’s stock has been listed on the […]
As many as 21 companies went public this year and shares of more than half of all these companies are trading below their issue price. The main reason behind this has been the market volatility, aggressive pricing and sometimes stock and sector-specific issues. Out of 21 initial public offers (IPOs) in 2018, shares of 11 companies […]
India’s pharmaceutical giant Cipla has been one of the most popular companies in its sector. The Ugandan unit of the pharmaceutical giant has reportedly raised $43.8 million (167 billion Ugandan shillings) from its oversubscribed initial public offering (IPO). Talking further about the IPO, Cipla Quality Chemical Industries Ltd (CQCIL) which is majority owned and operated […]
Online marketplace IndiaMART InterMESH Ltd have received markets regulator Sebi’s go-ahead to float initial share sale offers. With this, the number of companies getting Sebi’s approval to float an initial public offer (IPO) has reached 50 this year so far. Indiamart which had filed draft their respective draft offer documents with Sebi in June, obtained […]
Meituan Dianping, Chinese online food delivery-to-ticketing services company has reportedly raised $4.2 billion in the world’s largest internet-focused IPO in four years. Tencent Holdings-backed Chinese firm sold about 480 million primary shares at HK$69 ($8.79) each in the Hong Kong IPO. This IPO valued the company at around $52.8 billion. “Since the stock priced at the […]
One of the largest electric vehicle startup NIO which is also a rival of Tesla has reportedly has made its market debut on the US stock market with a $1 billion IPO (initial public offering). The company’s basic motive behind this move is to boost up the production of its electric vehicles as well as […]
China’s food delivery and restaurant review major Meituan-Dianping said it aims to raise up to $4.4 billion (roughly Rs. 31,400 crores) for its initial public offering (IPO) in Hong Kong. Instead of a not-so-effective response to other recent IPOs in the city, the company is planning to go public. With the IPO, Meituan will offer […]