Revenue for the 2023 fiscal year increased by 75%. The company attributed this uptrend to positive organic growth and the “benefit of acquisitions”. This included the ED&F Man Capital Markets division and the Cowen acquisition in December 2023. The firm stated: Performance was strong across the Group. Revenue rose 75% to $1,245 million and Reported…
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In December 2023, Vujnovac, who climbed the wealth ladder through Prvo Plinarsko Drustvo, a gas supplier, became the majority owner of Fortenova. This Balkan company is a leading food producer and retailer. According to Bloomberg’s Billionaire Index, Vujnovac owns approximately $765m in assets. The company will commence with its intended IPO as soon as it…
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The Kazakhstan native’s shares topped the IPO price with 0.5%, giving the banking and fintech leader a value of $17.51bn. On the London Stock Exchange (LSE), where the company already trades, it has a value of over $19bn. On Thursday, 18 January 2024, a day before the company went public, investors increased their offering to…
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According to a Bloomberg report released in September of last year, BrightSpring, backed by investment management company KKR & Co. (KKR), originally hoped to garner $1bn in IPO, although this figure is now absent from the most recent filing from the US Securities and Exchange Commission on 2 January. In 2023, the healthcare provider saw…
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Santander (SAN.MC) owns the majority stake in Ebury. At a funding drive last year, it increased this control to 67%. Presently, Ebury, a UK-based firm, is valued at £900m. Ebury specialises in payments, cash management, and business-based trade finances. Lobato further said the company’s latest financial results, which will be published soon, reflect spiked growth.…
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The company, which shops and delivers groceries to customer doors, went public on Tuesday with an IPO price of $30 per share. It kicked off its debut trading at $42, 40% higher than the set IPO price. This pegged Instacart’s value at about $13.9bn. On Thursday, the company’s market cap sat at an estimated $8.33bn.…
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The company plans to list approximately 19.2 million shares for between $27 and $29 each, a $2 raise from its earlier indication of between $25 and $27. Nearly 20 times oversubscribed on the back of investor interest, experts are predicting a strong start on the New York Stock Exchange (NYSE). The positive response to the…
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Euronext, the pan-European exchange in the Eurozone, has announced the launch of its fourth session of TechShare, the only European programme for non-listed companies dedicated to IPOs. Benefitting from a cohort of fast-growing European tech companies, the programme is an educational network designed to help these high-potential businesses understand the role of capital markets and…
Read moreMetropolitan Stock Exchange (MSE), the youngest national level stock exchange of India has just announced that it welcomes listing of 14 IPOs. The recent additions were ICICI Securities Ltd and Lemon Tree Hotels Ltd. These young companies’ entry in the capital markets gets a red carpet from MSE under the “Permitted to trade category” (PTT),…
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The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), has today published a webcast that offers directors at companies considering an initial public offering with guidance on their responsibilities, as well as practical advice on tackling issues that may arise during and after the…
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