The IPOX® Update 10/9/23
Schaeffler AG bids to acquire IPOX® member Vitesco Technologies for €3.64 billion, while Birkenstock leans toward upper-end IPO pricing, targeting a $10 billion valuation. Barito Renewables' shares surge 25% in its Jakarta trading debut after a $200 million IPO. OMS postpones its $300 million IPO due to unfavorable market conditions. Australian firm Cuscal aims to raise at least A$367m in an upcoming IPO, and GameChange Solar confidentially files for a 2024 IPO, seeking a valuation up to $3 billion.
The IPOX® Update 10/6/23
Exxon Mobil is discussing a significant $60 billion acquisition of Pioneer Natural Resources, enhancing its Permian basin presence. Post-IPO, SoftBank's Arm faces Wall Street scrutiny and mixed analyst predictions. Eagle Football Holdings explores a $200 million equity raise and a potential NYSE IPO. European firms, including Renk and CVC Capital Partners, navigate tricky IPO conditions. SAL Saudi Logistics Services Co.'s IPO garners immense demand, and Indonesia enjoys sustained IPO activity, especially within green energy-related sectors, contrasting with neighboring Singapore's decreased IPO momentum.
The IPOX® Update 10/5/23
Amidst volatile markets, Renk postpones its IPO, while Doosan Robotics sees a remarkable IPO performance in South Korea. Norway's sovereign fund supports US IPOs, BlackBerry plans an IoT division IPO, and OQ Gas Networks aims for Oman's largest IPO. Yanolja shifts focus to a South Korean IPO, and Canva's impressive revenue sparks IPO speculations.
The IPOX® Update 10/4/23
German tank transmission maker Renk sets its IPO price at €15/share, expecting under €400 million, with Triton retaining a 73% stake. Doosan Robotics, a South Korean firm, plans its nation's biggest IPO this year, targeting $310 million, eyeing global expansion and tech enhancements. Intel announces a spin-off of its Programmable Solutions Group via an IPO in the next 2-3 years, boosting Intel shares by 1.9% in premarket trading.
The IPOX® Update 10/3/23
Renk and Triton set a robust IPO price range amid strong demand, while Spanish logistics firm Bergé prepares Astara's 2024 IPO, seeking to boost its transition to a mobility platform. Concurrently, Charoen Pokphand Foods delays its IPO due to unstable market conditions, and eight biotech companies manage to raise $1.1 billion in Q3, despite varied market responses.
The IPOX® Update 10/2/23
German footwear maker, Birkenstock, aims to raise up to $1.6 billion in its NYSE listing, while Planisware and Barito Renewables target $270 million and $203 million respectively in their local markets. Amidst a decline in Chinese listings, Japanese startups are turning to Nasdaq. Doosan Robotics anticipates a strong market debut in South Korea, and Vuori Inc. explores a mid-2024 IPO. Meanwhile, a surge in IPO activity signals a 'Golden Era' in the Middle East.
The IPOX® Update 9/28/23
The IPOX® SPAC Index outperformed the S&P 500 and Nasdaq 100 in Q3. Schott Pharma AG had Germany's largest 2023 IPO, benefiting from demand for Covid-19 vaccines and obesity treatments. Chinese EV battery parts manufacturer Londian Wason Energy Tech plans a U.S. IPO, targeting $500 million. Meanwhile, IPOX® 100 Europe Index welcomed British firm Arm and Austrian company Eurotelesites, replacing BioNTech and Italgas, respectively.
The IPOX® Update 9/27/23
Recent global IPO activity highlights a promising market, with Schott Pharma setting its IPO price, anticipating a valuation of around €4 billion. Wall Street expects a flourishing IPO market into 2024. Birkenstock is preparing for a US IPO potentially valued at $10 billion. OQ Gas Networks in Oman achieved full subscription for its IPO, and Ritz-Carlton Yacht Collection plans an IPO and fleet expansion. Alibaba seeks advisory services from Ampere Partners for its logistics unit's IPO, potentially valued at $100 billion.
The IPOX® Update 9/26/23
Alibaba is spinning off its Cainiao Smart Logistics for a Hong Kong IPO, potentially raising over $1 billion. Swedish discount retailer, Rusta, targets a Nasdaq Stockholm IPO, aiming to be Europe's top discount store. Line Man Wongnai, a food delivery app, prepares for a $300 million IPO in Bangkok, backed by GIC Pte. Korea's IPO market gains momentum with e-book platform Millie's upcoming listing on Kosdaq, influencing sentiments for future IPOs, while new regulations could boost IPO stock prices by up to 400%.
The IPOX® Update 9/25/23
Lumi Rental Co's debut on the Saudi stock market soared, raising $290 million. German defense supplier Renk, Swiss pharma giant Novartis' Sandoz unit, South Korean battery-materials producer Ecopro Materials, and Australian data center operator AirTrunk are all eyeing substantial IPOs. Meanwhile, Spinneys Dubai is planning a Q2 2024 listing, adding momentum to the Gulf's financial market.
The IPOX® Update 9/22/23
Alibaba's logistics subsidiary Cainiao aims for a Hong Kong IPO, targeting a $1 billion raise; this positively impacted Alibaba's stock. Vietnam-based VNG postponed its U.S. IPO amid market volatility, following mixed IPO performances from other companies. The Middle East is set to see its first-ever SPAC deal, involving ADC Acquisition Corp and United Printing & Publishing. Meanwhile, Telekom Austria's tower spin-off, EuroTeleSites, started trading in Vienna with mixed results.