Page 65 - Initial Public Offerings Ipos

SoftBank-backed Grab in talks to go public in nearly $40 bn SPAC deal

The Wall Street Journal reported earlier in the day SoftBank-backed Grab was in talks with Altimeter Capital Management LP.

Decoded: What is SPAC and is it the real thing or a misplaced hype?

Special Purpose Acquisition Companies, or SPACs, are listed shell companies created with the sole purpose to acquire unlisted or private companies and then merge with the latter

Kalyan Jewellers' IPO opens on March 16; price band fixed at Rs 86-87

Promoter TS Kalyanaraman is selling shares worth Rs 125 crore and Warburg Pincus is selling shares worth Rs 250 crore in the IPO

SoftBank-backed Coupang raises $4.6 billion in US IPO

(Reuters) - Coupang LLC, South Korea's largest e-commerce company, raised $4.6 billion in the biggest share offering in the United States this year after selling stocks in IPO above its deal target range, the company said on Thursday.

Explained: What is driving so many retail investors to the IPO market?

Flurry of activity in post-Covid era, average retail applications for 20 issues since Sept have nearly tripled

Utkarsh Small Finance Bank files draft papers for Rs 1,350-crore offering

The Initial Public Offer (IPO) comprises fresh issue of equity shares worth Rs 750 crore and an offer of sale to the tune of Rs 600 crore by promoter Utkarsh Coreinvest Ltd

IPO party going strong, shrugs off bond jitters; MTAR IPO subscribed 200x

Meanwhile, shares of agro chemical company Heranba Industries rose about 50 per cent on debut

Shares of wellness product seller Nureca soar 61% on debut, end at Rs 645

Issue price was Rs 400 per share. Nureca's Rs 100-crore IPO was oversubscribed 40x

SoftBank-backed Berkshire Grey to go public via $2.7 bn SPAC deal

The deal is expected to provide Berkshire Grey about $413 million in cash, as the maker of logistics automation systems looks to take advantage of a surge in online shopping amid the COVID-19 pandemic

Vodafone's towers arm plans biggest European IPO of 2021 so far

Duesseldorf, Germany-headquartered Vantage operates 82,000 towers across 10 countries, where it is usually the leading or second largest supplier. Germany is its largest market

China's Tuhu plans US IPO this year after $400 million fundraising

Investment banks have been pitching to the company in recent weeks for the potential IPO, said five people

Zomato's valuation crosses $5.4 billion, after raising $250 million

Ahead of its expected IPO, investors such as Kora, Tiger Global and Fidelity have made fresh investments in the Deepinder Goyal-led foodtech company

Alphabet-backed Oscar Health eyes as much as $6.7 bn IPO valuation

The offering is expected to be priced between $32 and $34 per share, valuing the company at $6.7 billion at the upper end of the pricing range

Nureca's Rs 100-crore IPO subscribed 40x; RailTel Corp 7x on Day Two

Interestingly, the bulk of the demand came from retail investors for Nureca

Michael Klein-backed SPACs raise $1.68 billion in initial public offerings

Churchill Capital Corp VI raised $480 million after upsizing their offer from $400 million, while Churchill Capital Corp VII garnered $1.2 billion, raising from $1 billion

Ujjivan, Equitas small finance banks turn tricky bet amid mounting NPA woes

Equitas and Ujjivan posted proforma NPA of 4.16 per cent and 4.8 per cent respectively in Q3, highest ever in many years

Explained: Why Tamilnad Mercantile Bank management is banking on an IPO

The management of this small, conservative bank views a public issue as a means of ending a long shareholder feud and unlocking value for its next phase of growth

Street signs: Staffing stocks find favour, MRP Agro IPO, and more

The IPO of MRP Agro set to be launched this week will the first by an SME since November

Stove Kraft shares gain 16% on debut after touching high of Rs 496

Close at Rs 456; stock currently trades at about 25x its estimated earnings for FY21-similar to Butterfly Gandhimati but almost half that of TTK Prestige

Brookfield India Real Estate Trust IPO subscribed 77% on Day 2 of bidding

It received bids for 5,88,18,600 units against the 7,62,78,200 on offer, according to an update on the NSE