A SPAC, or a blank-check firm, is a shell company that raises funds in an initial public offering (IPO) with the aim of acquiring a private company, which then becomes public as result of the merger
Its the season of startups planning to go public, but how IPOs have fared at the stock markets in the last three decades?
Here's a selection of Business Standard opinion pieces for the day
A source directly familiar with the matter said that WeWork had held talks with at least three blank-check firms over the past two months, cautioning that current talks could fall apart.
The offer of the mortgage financier, which got fully subscribed on the first day itself on January 21, received bids for 41,42,65,488 shares against 1,56,20,948 shares on offer
The qualified institutional buyer (QIB) portion of the issue was subscribed 190x, while the high networth individual or HNI segment was subscribed 263x
Beauty, Nykaa's founder Falguni Nayar realised, is a very long-tailed business and with e-commerce picking up in India, it seemed like a good idea to venture into
Market players said the response was lukewarm when compared to some of the recent issues
In this podcast, Mr Vinod Nair, Head of Research at Geojit Financial Services and Mr. Ajit Mishra, VP Research, Religare Broking discusses and compares the IPOs of Indigo Paints and Home First Finance
The IPO aggregating up to Rs 1,153.71 crore comprises a fresh issue of up to Rs 265 crore and an offer-for-sale aggregating up to Rs 888.71 crore by promoters and existing shareholders, the firm said
The offer received bids for 1,52,64,04,775 shares against 1,24,75,05,993 shares on offer, as per the data available with NSE
Its Rs 541-crore initial public offering (IPO), which was launched in December, remains the most subscribed issue in over three years by any company
The shares of civic services provider Antony Waste Handling Cell has already lost a third of its listing gains a week after its market debut
It is targeting $ 1 billion in GMV by 2025 (from around $ 75 million) based on Goldman Sachs discussions with the company's top brass sometimes ago
The Indian anchor list was dominated by mutual funds, with just one insurance firm HDFC Life Insurance in the top 15; it contributed Rs 109 crore
RailTel Corporation of India, Indigo Paints, Home First Finance Company, Indian Railway Finance Corporation (IRFC), and Suryoday Small Finance Bank are among the companies looking to tap the market
The company has a post-listing market capitalisation of Rs 1,152 crore
The next capex cycle may turn the tide, say experts
Massive beneficiary of the covid situation has been the startups which are growing rapidly on the back of digital adoption, which is witnessing an acceleration worth multiple years in just few months
Of this, Rs 1.44 trillion was raised through QIPs and rights issues