In spite of ongoing concerns about a global economic slowdown, the initial public offering (IPO) market is showing signs of life

Especially in Asia, the global IPO market is exhibiting signs of life as the stock market recovery has empowered corporations to gauge investor interest in fresh listings. The likelihood of a full recovery, however, remains low. Data collated by Bloomberg shows that the first two months of the ye...

Chipotle Mexican Grill outperforms analysts' forecasts as revenue increases 17%.

Tuesday, Chipotle Mexican Grill reported quarterly earnings and revenue that exceeded analyst expectations, driven by stronger-than-anticipated same-store sales growth.

Based on a survey of analysts conducted by Refinitiv, the following compares what the company reported to what Wall St...

The IPO for SK Pharm TECO has been delayed until 2024.

On Wednesday, key officials from the firm and SK affiliates indicated that owing to market volatility, the IPO of SK pharm TECO, a California-based contract research and manufacturing organization under Korean conglomerate SK Inc., will be delayed at least until 2024. CEO of SK pharm TECO Joerg A...

Karly, an online grocery store, has decided to cancel its initial public offering due to market volatility.

A South Korean firm that promised next-day grocery delivery service has cancelled its IPO because of the deteriorating economic conditions, which have halted the market debuts of other start-ups. Considering market sentiment remained negative amid the global market uncertainty, the company opted ...

Ahead of a potential IPO, UAE hospital group Burjeel reports record full-year revenues

Before a potential IPO that could happen as early as this year, UAE-based hospital firm Burjeel Holdings released its preliminary financial results on Thursday.

Although a final decision has not been taken, Burjeel acknowledged that it had recruited experts, including JP Morgan, to mana...

The world's largest wet gas potential in Australia has been discovered to be dry

The partners' hopes for a multi-trillion cubic feet gas discovery were dashed when Western Gas' highly awaited Sasanof exploratory well off the coast of Australia turned out to be a dry hole.

The Valaris MS-1 semi-submersible rig drilled the Sasanof-1 wildcat to a total depth of...

Borouge's $2 billion investment The IPO in Abu Dhabi has attracted Asia's richest man

The United Arab Emirates (UAE) largest oil company and Borealis AG are planning an initial public offering (IPO) of their chemicals joint venture in Abu Dhabi, which is expected to be the emirate's largest-ever listing.

The IPO offer price for Borouge has been set at 2.45 dirhams pe...

Insulated-gate Bipolar Transistor (IGBT) Market is set to Experience a Revolutionary growth

Insulated-gate Bipolar Transistor (IGBT) is a power transistor with an input MOS and an output bipolar transistor. IGBT power modules (inverters) are required to convert energy from one form to another so that it may be used conveniently and safely. The semiconductor device has applications acros...

Chinese Government plans to ban IPOs which poses as security threat

Highlights

• China framing rules for internet companies
• Internet companies collecting data pose as a security risk

The Chinese government is planning to ban companies whose data poses security risks for the country. This list of compan...

NERDWALLET INC. PLANNING A U.S. IPO: REPORT

Highlights

• Sources claim that in order to arrange IPO, NerdWallet has hired a group of investment banks that is being led by Morgan Stanley

• NerdWallet, a San Francisco-based company provides financial guidance to users on credit cards, loans, mortgages and other ...

SKIET RATHER MADE A DISAPPOINTING DEBUT IN STOCK MARKET

Highlights –

• SKEIT rather made a disappointing debut in stock market.
• SKIET stocks closed at 154,500 won, down 26.43 %from its opening price of 210,000 won.
• The company's market capitalization came at 11 trillion won after shares ...

ZOMATO FILES USD 1.1 BN IPO

HIGHLIGHTS

• Zomato has filed US $ 1.1 billion IPO.
• Zomato has cashed in on demand for online food orders.

Backed by China's Ant Group, Indian food delivery startup Zomato has filed for an Initial Public Offering (IPO) of up to Rs....

SK INNOVATION’S SUBSIDIARY SKIET RECEIVED $73.1 BILLION AS IPO

Highlights –

• SK Innovation’s subsidiary SKIET received $73.1 billion as IPO.
• SKIET has set the IPO price at US$94.60 per share.
• SKIET supplies battery separators to major EV makers, including Tesla and Volkswagen.
• It ...

LATEST RESOURCES BOOM OF AUSTRALIA IS DRIVING A SURGE IN IPOs

Highlights:

• The boom in the latest resources of Australia has been driving an increase in the IPOs
• Australia has been leveraging off the strength of the country as a mining powerhouse

Australia has been leveraging off the strength of...

DIDI LIKELY TO LEAD IPO THROUGH GOLDMAN, MORGAN STANLEY

Highlights –

• Didi likely to lead IPO through Goldman, Morgan Stanley.
• China’s top ride-hailing firm is backed by SoftBank, Alibaba and Tencent.
• If Didi decides to sell 10% of its shares, itcould raise about $10 billion.
<...

INDIA’S FIRST FOOD DELIVERY IPO IS COMING

HIGHLIGHTS

• Zomato is gearing up to deliver an IPO which will be the first in Indian food delivery business.
• Zomato‘s business got a boost due to the COVID-19 pandemic.

Zomato is reportedly planning to initiate the process for i...

CHINA’S ENERGY MONSTER STARTUP COMPANY ENTANGLED IN OWNERSHIP DISPUTE

Highlights –

• China’s Energy Monster startup company entangled in ownership dispute.
• The company is backed by Alibaba and SoftBank.
• The ownership dispite could cloud a Nasdaq flotation.
• Two Shanghai-based venture capit...

CHINA’S RIDE APP DIDI LIKELY TO PICK NEW YORK FOR ITS UPCOMING IPO

Highlights –

• China’s ride app Didi likely to pick New York for its upcoming IPO.
• The company is hoping for a valuation of at least $100 billion.
• Didi is said to have discussed the option of listing via a SPAC.
• In 2019...

IRDAI WANTS TO CREATE P&I INSURANCE CLUB

HIGHLIGHTS

• IRDAI is planning to create a P&I insurance club.
• IRDAI is in talks with INSA.

The Insurance Regulatory and Development Authority of India (IRDAI) is planning to create a Protection and Indemnity (P&I) club in the ...

GLOBAL INVESTORS VALUE ANT GROUP AT OVER $200 BILLION AFTER HALTING IPO

Highlights –

• Global investors value Ant Group at over $200 billion after halting IPO.
• The amount is said to be third above Ant’s valuation after its fundraising in 2018.
• Ant’s business was affected a little by regulatory s...