Tagged: ipo

Digital Assets: INX Token Initial Public Offering Said to be Approved

In August of 2019, INX Limited filed a registration statement (Form F-1) for an initial public offering (IPO) offering 130,000,000 INX Tokens, and ERC20 compliant digital security.  In the preliminary prospectus, each INX Token is said to entitle its holder to an annual pro-rata distribution… Read More

Major Indian Payment Solution Provider SBI Cards Is Preparing to Conduct a $1.4 Billion IPO

An increasing number of Indian consumers are making digital payments at metros and also at stores in small towns. India-based SBI Cards, a major payment solution provider, is reportedly planning to raise approximately $1.4 billion via an initial public offering (IPO) which would be the… Read More

Report: Switzerland Approves First Articles of Incorporation on Blockchain as Overfuture Plans IPO

Switzerland has approved the first articles of incorporation hosted on blockchain, according to a note from advisory firm Andriotto Financial Services. Overfuture expects to have is class A shares hosted on blockchain as well as it moves forward with an initial public offering (IPO), or… Read More

Germany-based Fintech firm Heidelpay Is Seeking Acquisitions, Might Launch IPO

Germany-based Fintech firm Heidelpay is reportedly seeking acquisitions and might launch an in initial public offering (IPO), according to its CEO, Mirko Huellemann. He recently stated: “An IPO is of course always an option for fresh capital.” Huellemann’s comments regarding the firm’s business plans are… Read More

Indonesia E-Commerce Marketplace Tokopedia Set to Finalize $1.5 Billion Round from Softbank, Alibaba, Temasek

Tokopedia, an Indonesia-based e-commerce marketplace, is reportedly in the final stages of closing an investment round valued at around $1.5 billion from Japan’s Softbank, China’s Alibaba Group and Singapore-based Temasek. The Tokopedia marketplace, which is notably the largest of its kind in Indonesia, is now… Read More

San Francisco-based Fintech Ripple’s CEO Brad Garlinghouse Indicates Firm Might Launch IPO

Brad Garlinghouse, CEO at privately-held Fintech firm Ripple, recently indicated that the San Francisco-based startup might launch an initial public offering (IPO) within the next year. While attending the World Economic Forum (WEF) in Davos, Switzerland, Garlinghouse reportedly told the Wall Street Journal (on January… Read More

Chinese Fintech Ant Financial Is Working with Several Banks to Revive its IPO Plans: Report

Ant Financial is reportedly working with several banking institutions in order to revive its plans for conducting an initial public offering (IPO). The Fintech company’s decision to go public has come more than a year after China’s leading mobile payments firm postponed the process after… Read More

Tradeshift Reportedly Secures $240 Million Through Latest Funding Round & Puts IPO Plans on Hold

Business commerce platform Tradeshift has reportedly secured $240 million in equity and debt through its latest funding round. The new investment comes less than two years after Tradeshift raised $250 million through its Series E funding round, which was led by Goldman Sachs and Public Sector… Read More

Brazilian Digital Brokerage & Wealth Management Company XP Closes Initial Public Offering After Issuing & Selling More Than 83 Million Class A Common Shares

NASDAQ New York City

XP (Nasdaq: XP), a digital brokerage and wealth management company based in Brazil, announced on Friday it closed its initial public offering (IPO) of 83,387237 of its Class A common shares at a public offering price of $27 per share. XP reported that it issued and… Read More

Ping An Offshoot OneConnect Trades on NYSE in Initial Public Offering after Reducing Share Sale

OneConnect (NYSE:OCFT), a Fintech off-shoot of Ping An, listed its shares on the New York Stock Exchange (NYSE) today. The initial public offering raised around $260 million following a decision to slice the offer in half due to demand concerns. Ping An is one of… Read More

Bill.com Goes Public in NYSE IPO, Has a Really Good Day

If timing is everything, Bill.com (NYSE:BILL) nailed it. The payments and software provider completed its initial public offering (IPO) today on the New York Stock Exchange (NYSE). Bill.com floated 9.8 million shares at $22 each – raising over $210 million, but the price opened up… Read More

Crypto Miner Cannan Raises $90 Million in NASDAQ IPO, Shares Decline

Canaan AvalonMiner

Yesterday, Canaan Inc. (Nasdaq: CAN) a Chines crypto mining company,  completed an initial public offering (IPO) of 10,000,000 American Depositary Shares (ADSs), each representing 15 Class A ordinary shares. Shares were issued at US $9.0 per share for a total offering of US $90 million. … Read More

Sydney-based Tyro Payments Files Prospectus for Conducting an IPO, Aims to Raise $173.2 Million

Sydney-based Tyro Payments, an Australian Fintech institution that specializes in merchant credit, debit and EFTPOS acquiring, submitted a prospectus on November 18 for conducting a local initial public offering (IPO) that aims to raise A$252.7 million (appr. $173.2 million). Founded in 2003 by Peter Haig,… Read More

Payments Software Firm Bill.com Is Planning to Raise $100 Million via an IPO

Payment software firm Bill.com is planning to raise $100 million through an initial public offering (IPO), according to a recent filing with the US Securities and Exchange Commission (SEC). Established in 2006 by PayCycle co-founder René Lacerte, Bill.com provides cloud-based business payments and offers a… Read More

SPAC: FinServ Announces Close of $250 Million Initial Public Offering

FinServ Acquisition Corp. (NASDAQ:FISRVU)announced on November 5 that it had closed its initial public offering (IPO) of 25,000,000 units, which included 3,000,000 units issued “pursuant to the exercise by the underwriters of their over-allotment option.” The company’s offering was set at $10.00 per unit, which… Read More

Bitmain, World’s Largest Manufacturer of Cryptomining Hardware, Files for IPO in New York

On the heels of yesterday’s news that competitor Canaan has filed an IPO prospectus to go public on the Nasdaq comes a report that Bitmain, the world’s largest manufacturer of cryptocurrency mining hardware, is also seeking to go public on a New York Stock Exchange…. Read More

Cryptomining Hardware Company and Bitmain Competitor Canaan Files for IPO on Nasdaq

After an application to go public in Hong Kong lapsed last year, Canaan, the second-biggest maker of cryptocurrency mining hardware after Bitmain, has brought its bid to go public to New York. According to a registration statement submitted to the SEC in Washington, Canaan plans… Read More

WeWork’s Parent Company Makes Major Changes to Management of Business Operations

We Co., WeWork‘s parent company, is planning to make major changes to the management of its business operations after stakeholders expressed their dissatisfaction with the company’s unusual governance model ahead of its upcoming IPO. The firm’s parent company had initially proposed that 20 votes should… Read More

WeWork’s Management Might Slash Company Valuation to Under $20 Billion, May Also Delay IPO

US real estate company and shared office space firm WeWork might slash the valuation it’s seeking as a public company to under $20 billion. The New York-based firm is also considering postponing its IPO, according to the Wall Street Journal. WeWork’s proposed valuation cut comes… Read More

Big Exit: Crowdfunded on StartEngine Under Reg CF, Hylete Fitness Apparel Files S-1 to IPO on the NYSE

In 2017, Hylete Fitness Apparel raised $1 million on StartEngine, a leading US-based investment crowdfunding platform. Jump forward two years later and Hylete has some good news for early investors. Hylete has filed for an initial public offering (IPO) with shares expected to trade on… Read More

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