Page 3 - Latest Updates on IPO
SpaceX prepares for IPO, insider share sale sets $800 billion valuation
In the letter dated December 12, Johnsen said SpaceX has approved an arrangement where new and existing investors and the company will buy up to $2.56 billion of shares from eligible shareholders
 "SpaceX prepares for IPO, insider share sale sets $800 billion valuation")
Elon Musk's Mars mission adds risk for investors to red-hot SpaceX IPO
Musk has always maintained that sending humans to Mars was his lifelong ambition
 "Elon Musk's Mars mission adds risk for investors to red-hot SpaceX IPO")
ICICI Prudential AMC raises ₹3,021 cr from anchor investors ahead of IPO
The anchor book saw strong participation from sovereign wealth funds, global long-only investors, mutual funds, pension funds and insurance companies
 "ICICI Prudential AMC raises ₹3,021 cr from anchor investors ahead of IPO")
Prudential sells 4.5% stake in ICICI Pru AMC for ₹4,900 cr ahead of IPO
The fund house is a joint venture between ICICI Bank, India's second-largest private lender, which holds 51 per cent, and Prudential, which owns the rest
 "Prudential sells 4.5% stake in ICICI Pru AMC for ₹4,900 cr ahead of IPO")
Musk's SpaceX to raise over $25 billion, plans IPO in 2026: Report
SpaceX has started discussions with banks about launching the offering around June or July, the person said, requesting anonymity to discuss confidential information
 "Musk's SpaceX to raise over $25 billion, plans IPO in 2026: Report")
SBI Mutual Fund initiates process of appointing merchant bankers for IPO
SBIFML is a joint venture between State Bank of India and Paris-based Amundi, with 61.98 per cent and 36.40 per cent stake, respectively
 "SBI Mutual Fund initiates process of appointing merchant bankers for IPO")
Citius Transnet Investment Trust files papers with Sebi for ₹1,340-cr IPO
Citius Transnet Investment Trust is a transport sector-focused infrastructure investment trust established to acquire, manage and invest in a portfolio of transport infrastructure assets in India
 "Citius Transnet Investment Trust files papers with Sebi for ₹1,340-cr IPO")
ICICI Pru AMC sets price band for IPO, seeks ₹1.07 trillion valuation
ICICI Prudential AMC has fixed a ₹2,061-₹2,165 price band for its ₹10,600-crore IPO, an OFS by Prudential. The issue opens Friday and implies a ₹1.07-trillion valuation
 "ICICI Pru AMC sets price band for IPO, seeks ₹1.07 trillion valuation")
Snapdeal parent AceVector files updated DRHP for ₹300 cr IPO; OFS included
AceVector plans to deploy the net proceeds towards marketing and business promotion
 "Snapdeal parent AceVector files updated DRHP for ₹300 cr IPO; OFS included")
Ecom firms eye the next 500 million shoppers, chase Meesho's playbook
The Indian consumers' focus on value has pushed Amazon to develop tools such as value dashboards and gamified in-app experiences - innovations now being adopted in other markets
 "Ecom firms eye the next 500 million shoppers, chase Meesho's playbook")
IPO wave big validation of tech ecosystem: SoftBank's Sarthak Misra
Sources confirmed that SoftBank's investment in value ecommerce player Meesho is sitting at 2x
 "IPO wave big validation of tech ecosystem: SoftBank's Sarthak Misra")
AceVector files updated IPO papers, targets ₹300 crore fresh issue
AceVector has filed an updated DRHP with Sebi to raise Rs 300 crore via a fresh issue and an OFS of up to 63.87 million shares. Founders won't sell; SoftBank, Nexus and Foxconn may
SpaceX to offer insider shares at record-setting valuation of up to $800 bn
The latest figure would be a substantial increase from the $212 a share set in July, when the company raised money and sold shares at a valuation of $400 billion
 "SpaceX to offer insider shares at record-setting valuation of up to $800 bn")
ICICI Prudential AMC to launch IPO on Dec 12 as Prudential sells 10% stake
Prudential will sell up to 49 million shares in the IPO, compared with an earlier plan of 17.7 million shares, ICICI Prudential said in a filing late on Friday
 "ICICI Prudential AMC to launch IPO on Dec 12 as Prudential sells 10% stake")
Meesho IPO subscribed 2.4 times on day one; retail book nearly four times
Meesho's IPO was subscribed 2.4 times on the first day, driven by strong retail demand, after it raised Rs 2,440 crore from anchors and set a price band of Rs 105-111 per share
 "Meesho IPO subscribed 2.4 times on day one; retail book nearly four times")
Anthropic taps IPO lawyers as it races towards listing ahead of OpenAI
Anthropic has held early, informal talks with major investment banks about a potential public listing, though it has not selected any banks yet
 "Anthropic taps IPO lawyers as it races towards listing ahead of OpenAI")
Indian ecom penetration could mirror WhatsApp user base: Meesho cofounder
Meesho Cofounder Sanjeev Kumar says India's ecommerce penetration could eventually match Whatsapp's vast user base, driven by rapid growth in smaller cities and heavy investment in AI and tech
 "Indian ecom penetration could mirror WhatsApp user base: Meesho cofounder")
E-commerce firm Meesho's ₹2,439 cr anchor book sees 30x oversubscription
This is led by SBI MF, GIC, Fidelity, BlackRock, Axis MF, Aditya Birla MF and prominent tech investors like Dragoneer
Bombay High Court dismisses petition against WeWork India IPO approval
The petition alleged that WeWork India reported heavy losses and a negative net worth while presenting an overly optimistic growth outlook without adequately disclosing associated risks
 "Bombay High Court dismisses petition against WeWork India IPO approval")
Sebi to simplify offer document summaries to aid investor clarity
This move will also dispense with the Abridged Prospectus, thereby easing compliance requirements for issuers, he added
 "Sebi to simplify offer document summaries to aid investor clarity")