Hiroki Takeuchi, co-founder and CEO of GoCardless. Zed Jameson | Bloomberg | Getty Images LISBON, Portugal — Financial technology unicorns aren’t in a rush to go public after buy now, pay later firm Klarna filed for a U.S. IPO — but they’re keeping a watchful eye on it for signs of when the market will … Read more
TikTok’s fate in the US has improved immensely after the election of Donald Trump to a second presidential term, according to industry observers and insiders, as the valuation of the app’s Chinese owner ByteDance swells. The future of the embattled short-video platform is “a lot brighter than it was” after Trump’s win, said Cameron Johnson, … Read more
United Arab Emirates (UAE) retail giant LuLu Retail successfully commenced trading on the Abu Dhabi Securities Exchange (ADX) on Thursday, November 14, following its Initial Public Offering (IPO) and trading under the ticker “LuLu”. The IPO raised gross proceeds of Dirham 6.32 billion (Rs 1,45,31,95,52,000), making it the largest offering in the UAE in 2024 to date. The offering attracted a … Read more
Mumbai: Shares of Hyundai Motor India, that were listed at Rs 1,931 apiece, have slipped more than 10 per cent from its IPO price. On Wednesday, the stock closed in red at Rs 1,745 apiece, owing to poor performance of the automaker in the second quarter of FY25. At closing, Hyundai Motor India shares were … Read more
United Arab Emirates (UAE) retail giant LuLu Retail on Monday, November 4, increased its initial public offering (IPO) size from 25 percent to 30 percent to cater to high demand from global investors. The total offering size has risen from the previously announced over 2.58 billion ordinary shares to over 3.09 billion shares, Lulu International … Read more
Mumbai: The shares of Hyundai Motor India, the company that launched the country’s largest IPO, disappointed investors on the first day of listing on Tuesday, October 22 as the stock closed at Rs 1,819 a piece, down 7.16 percent. After listing, a selling trend was seen in the stock. The shares of Hyundai Motor India … Read more
Public listings on Wall Street have seen a slow comeback in 2024 despite a resilient US economy, a long-awaited interest rate cut by the central bank and stock valuations hitting record highs. Experts say the lackluster IPO activity is due to competition from venture capitalists and a rate cut that was slow to come. While … Read more
Swiggy has filed its updated draft papers with markets regulator Sebi to raise funds through its much-anticipated Rs 10,000-crore IPO. The launch of Swiggy ‘XL’ fleet comes a day after the company announced the launch of its 10-minute meals and beverages delivery service ‘Bolt’. IPO-bound food tech platform Swiggy on Saturday launched its bulk order … Read more
New Delhi: As Indian stock markets continue to show robust growth despite global uncertainties, a record 15 companies registered their initial public offering (IPO) documents with the Securities and Exchange Board of India (SEBI) on the last day of September. This took the total filings for the month to 41 which is the highest-ever IPO … Read more
Sumit Dhawan, CEO of Proofpoint, took the reins as head of the cybersecurity company in 2022, a year after it was acquired by Thoma Bravo for $12.3 billion. He’s been pushing the firm to consider strategic opportunities such as mergers and acquisitions of smaller cybersecurity players to boost the company’s market expansion and stimulate industry … Read more
