Page 2 - Latest Updates on IPO
SpaceX shares briefly fall below $135 IPO price as post-listing rally fades
Stock closed at $135.27, marginally above its offer price after a fourth straight day of declines, reflecting cooling investor enthusiasm
 "SpaceX shares briefly fall below $135 IPO price as post-listing rally fades")
Shein wins Chinese regulatory approval to proceed with Hong Kong IPO
Shein has secured approval from China's securities regulator for its planned Hong Kong IPO after earlier listing attempts in the US and London failed
 "Shein wins Chinese regulatory approval to proceed with Hong Kong IPO")
SBI Funds Management targets $12.24 billion valuation in India IPO
SBI is selling up to 128.3 million shares, while Amundi India Holding will divest up to 75.4 million shares, together offloading about 10 per cent of SBI Funds Management's paid-up equity capital
 "SBI Funds Management targets $12.24 billion valuation in India IPO")
PhonePe appoints Srijon Biswas as CTO; Rahul Chari takes expanded CPTO role
PhonePe has appointed Srijon Biswas as chief technology officer, while co-founder Rahul Chari assumes the expanded role of chief product and technology officer
 "PhonePe appoints Srijon Biswas as CTO; Rahul Chari takes expanded CPTO role")
MFs step up IPO play: Absorb nearly a third of issue amounts since Iran war
Mutual funds raised their share of IPO investments to a multi-year high during the Iran conflict, reflecting growing institutional participation in India's primary market
 "MFs step up IPO play: Absorb nearly a third of issue amounts since Iran war")
Carlsberg files for India unit IPO; issue may raise up to $700 million
Carlsberg India is the country's second-largest brewer, with a market share of about 22 per cent
 "Carlsberg files for India unit IPO; issue may raise up to $700 million")
Poor listing! Waterways Leisure Tourism shares debut 15% below IPO price
Waterways Leisure Tourism operates Cordelia Cruises, India's domestic ocean cruise brand, offering luxury cruise experiences across domestic and international destinations.
 "Poor listing! Waterways Leisure Tourism shares debut 15% below IPO price")
Oyo parent PRISM files updated IPO papers, aims to raise ₹6,650 crore
Hospitality-tech firm plans a ₹6,650 crore fresh issue with no offer for sale, while most of the proceeds will be used to repay borrowings and strengthen its balance sheet
 "Oyo parent PRISM files updated IPO papers, aims to raise ₹6,650 crore")
Vedanta's CopperTech Metals postpones US IPO amid market volatility
The company, which was targeting a valuation of up to $3.57 billion, said it would defer the NYSE listing because of volatility across the global copper equity sector
Waterways Leisure IPO fully booked on Day 3; Sebi resolves 5,500 complaints
Waterways Leisure Tourism's IPO closes fully subscribed, Advit Jewels sees massive demand, while Sebi seeks clarification on Jio Platforms' public issue
Bajaj Auto's largest buyback to turn ex-date; tender opens July 1
Bajaj Auto's record ₹5,633 crore buyback, JSW Infra's ₹7,503 crore QIP, and mixed IPO subscriptions highlight active primary market momentum in India
 "Bajaj Auto's largest buyback to turn ex-date; tender opens July 1")
Square Yards raises $95 million, plans $50 million more before IPO
Proptech firm secures $95 million through debt and equity and is targeting another $50-60 million as it strengthens its balance sheet ahead of a public listing
 "Square Yards raises $95 million, plans $50 million more before IPO")
NSE IPO windfall: Early institutional investors set for multifold gains
Several institutional investors acquired NSE shares at fractions of a rupee, positioning them for substantial gains as the exchange prepares for what could be India's largest IPO
 "NSE IPO windfall: Early institutional investors set for multifold gains")
NSE IPO: After long wait, large payday likely ahead for early backers
OFS could unlock huge gains for long-term shareholders, with SBI, Stock Holding Corporation and insurers sitting on decades-old stakes
 "NSE IPO: After long wait, large payday likely ahead for early backers")
Razorpay moves closer to market debut with confidential IPO filing
The fintech major has confidentially filed draft papers with Sebi for an IPO that could raise ₹5,000-6,000 crore and value the company at up to ₹60,000 crore
 "Razorpay moves closer to market debut with confidential IPO filing")
Is SpaceX worth $1.77 trillion? Some investors call it 'pie in the sky'
Elon Musk's rocket company is spending big and losing money, raising questions about whether it can justify its valuation for its blockbuster initial public offering
 "Is SpaceX worth $1.77 trillion? Some investors call it 'pie in the sky'")
How Asia's locked-out investors are trading SpaceX IPO with limited access
Investors across Asia are turning to space-related stocks, sector ETFs and Nasdaq 100 funds to gain indirect exposure to potential gains from the SpaceX IPO
 "How Asia's locked-out investors are trading SpaceX IPO with limited access")
Musk's SpaceX raises record $75 bn in world's biggest IPO at $135 a share
The sale breaks the previous record for the largest-ever IPO held by state-run oil giant Saudi Aramco, which raised $25.6 billion on Riyadh's exchange in December 2019, valuing it at $1.71 trillion
 "Musk's SpaceX raises record $75 bn in world's biggest IPO at $135 a share")
ED summoned Zepto's Aadit Palicha, Kaivalya Vohra over FEMA compliance
Zepto's updated IPO papers show founders Aadit Palicha and Kaivalya Vohra received ED summons under FEMA, with the company also flagging regulatory risks to investors
 "ED summoned Zepto's Aadit Palicha, Kaivalya Vohra over FEMA compliance")
SpaceX IPO marks the peak of AI euphoria, says Chris Wood of Jefferies
SpaceX is planning to sell 555.6 million shares at a fixed price $135 per share. This will raise $75 billion and value the company at $1.77 trillion.
 "SpaceX IPO marks the peak of AI euphoria, says Chris Wood of Jefferies")