(Reuters) -Payment card issuer Marqeta Inc revealed that its revenue doubled in 2020 in its initial public offering (IPO) filing with U.S. securities regulators made public on Friday.A pandemic-induced boom in online shopping and food delivery payments from homebound customers helped the U.S. company's revenue double to $290.3 million in 2020.
(Reuters) - NerdWallet Inc, the owner of the eponymous consumer financial advice website, has confidentially submitted paperwork to U.S. regulators for an initial public offering (IPO), people familiar with the matter said on Friday.NerdWallet has hired a group of investment banks, led by Morgan Stanley, to arrange the IPO and is aiming to go public before the end of the year, the sources said.
NerdWallet Inc, the owner of the eponymous consumer financial advice website, has confidentially submitted paperwork to U.S. regulators for an initial public offering (IPO), people familiar with the matter said on Friday.NerdWallet has hired a group of investment banks, led by Morgan Stanley (MS.N), to arrange the IPO and is aiming to go public before the end of the year, the sources said.
Chandini Monnappa and Aditi Shah BENGALURUBENGALURU (Reuters) -Indian budget carrier Go Airlines Ltd has filed for an initial public offering aiming to raise 36 billion rupees ($491 million), a move that comes as airlines try to bolster finances to cope with the latest disruptions caused by the pandemic.
The recent pullback for Snowflake hasn't changed the long-term bull case for the company and has made the stock too attractive to pass up, Goldman Sachs said on Friday.The software stock has declined more than 50% since its peak in early December, dramatically underperforming even its own struggling sector.
Alphawave (LSE: AWE) took a brave gamble floating on the London Stock Exchange on Thursday.The Canadian computer chip designer shunned the Nadaq in New York, which is a natural home for high-tech companies, and plumped for a listing in the UK.But within hours of its introduction at 410p, the Alphawave share price had crashed by 24%.
Yorkshire's tallest building is to float on the IPSX property stock exchange, it has been announced.Bridgewater Place in Leeds will be given an IPO by its owners M7 Real Estate.M7 acquired Bridgwater Place in November for £84.5m, taking ownership of the skyscrapper which offers 234,000 sq ft of office space as well as 200 apartments.
Ahead of the IPO,GoAir announced on Thursday that it has rebranded itself as 'Go First' as it will focus on ultra-low-cost business model amid the pandemic GoAir has filed the draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) for its initial public offering.
Key Points Shares of Bumble fell sharply Thursday morning, dipping below its initial public offering price of $43 apiece, after the company reported first-quarter results.The company issued what some considered cautious guidance.The dating company's stock dipped more than 17% to hit an all-time low of $38.91 apiece.
Global IPOs have hit a record high this year in terms of both money raised through share sales and the volume of listings, bolstered by a strong equity rally, and fiscal and monetary stimulus measures unveiled by governments around the world.According to Refinitiv data, global companies have raised roughly $248 billion - a record high - through IPOs this year, including the listings of so-called blank-check companies or SPACs (special-purpose acquisition companies).
China’s largest e-commerce company Alibaba has recorded its first quarterly operating loss since it went public in 2014 after Beijing slapped a record 2.8 billion dollar (£2 billion) fine on the firm for abusing its market position.The loss tied to the anti-monopoly fine was 7.66 billion yuan for the quarter that ended in March, though revenue growth was 64%, reaching 187.4 billion yuan.
After a blowout quarterly report, SoftBank CEO Masayoshi Son told CNBC he expects to see even more exits from companies in the Vision Fund's portfolio.He also spoke about his regrets with the botched WeWork IPO and investments he missed, such as Airbnb.SoftBank on Wednesday reported $45.88 billion in net profit for the last quarter, largely thanks to the IPO of one of the crown jewels in its Vision Fund portfolio, the South Korean e-commerce company Coupang.
LONDON (The author is a Reuters Breakingviews columnist.The opinions expressed are their own.)(Reuters Breakingviews) - Concise insights on global finance.----------------------------------------------- SURF’S DOWN.
The hottest IPOs likely to hit the market in the coming months include Zomato, Glenmark Life Sciences and GR Infraprojects The coronavirus pandemic has accelerated the growth of the digital marketplace — from food delivery and online payments to construction companies — and the ongoing initial public offering (IPO) frenzy in the country is set to be rightly dominated by new-age tech businesses.
(Reuters) - Russian petrochemical company Sibur has taken out a loan where interest rates are pegged to environmental targets, a move that could help pave the way for a potential initial public offering (IPO), a company's senior manager said on Wednesday.Sibur said earlier on Wednesday that it had obtained a $50 million loan from UniCredit with an interest rate that is linked to its sustainability performance, becoming the first Russian petrochemical company to do so.
‘We have decided to leave because we were not in a position to risk criminal charges,’ rent striker tells The Independent Student protesters occupying buildings on campus have been forced to leave after their universities took - or threatened - them with legal action.Several rent strike groups, who are withholding rent to demand rent reductions and other concessions from universities, set up camp in buildings weeks ago across the country.
This latest podcast episode discusses the uptick in Scottish businesses exploring the public markets.The start of 2021 saw a healthy uptick in UK initial public offerings.More money was raised by businesses listing on the London Stock Exchange than in any opening quarter since the financial crisis.