In an exclusive CNBC interview, the company’s CEO, Jack Zhang, stated that the next annual recurring revenue (ARR) target is $1bn, in preparation for going public in 2026. The Singapore-based firm is backed by China’s Tencent Holdings (0700.HK), an investor in digital marketing and fintechs, among others. Don’t miss out the latest news, subscribe to…
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As part of the annual report, Chief Financial Officer Victor Stinga said that the solid foundations that have been built will: Bring our financial processes in line with the standards expected from publicly listed companies. This was Revolut´s first annual report since 2020 in which it didn’t need to ask for an extension past the…
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During morning trade, RPI shares were up 31%, establishing a good starting point for the company as it wishes to raise £166m with its debut. Open trade is set for Friday 14 June 2024. The firm, which makes small, single-board computers, initially priced its shares at 280p each, giving it a market value of £541.6m.…
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The IPO valued the cruise operator at $11.3bn, with over 431 million shares outstanding. By raising $1.54bn, the company had the most successful US IPO of 2024 so far. The IPO was underwritten by companies including J.P. Morgan, UBS and BofA Securities. Don’t miss out the latest news, subscribe to LeapRate’s newsletter VIK operates 92…
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The company, which harnesses robotics to produce things such as coffee and beer-pouring arms, priced its shares at 26,000 won each. At the start of trading, shares kicked off at 59,100 won each, 127% higher than the set IPO price. At one stage, the shares reached as much as 67,600 won. Analysts attribute this positive…
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This is stirring up a lot of interest in the intended IPO of the SoftBank-owned Arm, which is aiming for a valuation between $50bn and $55bn. Reports indicate this chip designer plans to price shares between $47 and $51 each when it launches on the market. Considering these figures, Arm will land an offering between…
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According to a source familiar with the matter, Saxo can also consider private share placement as shareholders Chinese automaker Geely (0175.HK) and Finnish insurer Sampo (SAMPO.HE) are looking to reduce their stakes. Fournais said that the company will keep “all options open” but the plan for now is to go public. The bank announced its…
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Additionally, the company also revealed its plans for consolidation of ACY Securities, the financial services arm, and Zerologix, the sister technology arm of the ACY Group to form ACYLogix Pty Ltd, a new holding company. Jimmy Ye, Chief Executive Officer at ACY Securities said: Once the consolidation has been successfully executed, PWC will then formally…
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Clare Cole, the Director of Market Oversight at the Financial Conduct Authority, said: The London market is trusted the world over by companies looking to raise capital and those wishing to invest in them. That trust is created by strong standards and a world-leading concentration of buyers, sellers and the advisers who support them. The…
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A competitor of Coinbase Global Inc., Blockchain.com, was valued at $14 billion at a Series D funding round that took place in March and was led by Lightspeed Venture Partners. Blockchain.com has a presence in more than 30 states in the US including Michigan, Georgia and North Dakota.
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