Our weekly summary of news and developments across global IPO markets.
248 editions
OQ Gas Networks debuted on the Muscat Stock Exchange, achieving Oman's largest-ever listing demand. Chinese appliance giant, Midea Group, plans a Hong Kong Stock Exchange listing. Middle East's top alternative asset manager, Investcorp Holdings, eyes an Abu Dhabi listing. Digital platforms Starling Bank and Thought Machine explore London IPOs. Spotify's stock surged after impressive Q3 results, showing promising growth.
Read editionIn recent business news: Roche acquires bowel drugmaker Telavant for $7.1B from IPOX® member Roivant, furthering its therapy endeavors for inflammatory bowel disease. Fintech giant Plaid contemplates an IPO, signaling optimism for the fintech sector. Saudi's PIF explores an IPO for its medical procurement firm, Nupco. Seoul Guarantee cancels a $267M IPO due to valuation concerns. Spanish beauty leader Puig considers an IPO as its next-generation prepares to lead. German wheelchair maker Sunrise Medical prepares for an IPO with a potential valuation of €2 billion.
Read editionFrench automaker Renault intends to list its Ampere EV unit in H1 2024 amid stock value declines. WH Group considers a 2024 U.S. IPO for pork subsidiary Smithfield Foods, while Chinese retailer Shein eyes a U.S. IPO amid controversies, targeting a $66 billion valuation. Singapore's Grand Centrex merges with SPAC RF Acquisition in a $1.2 billion deal.
Read editionSingapore's insurtech Bolttech, backed by Richard Li, prepares for a $300M U.S. IPO next year. Swiss firm ABB eyes a 2024 IPO for its EV charging business. U.S. IPO filings rise amid government shutdown concerns. Swedish biotech Olink's shares jump after Thermo Fisher's acquisition plans. Socionext stocks surge following collaboration with ARM and TSMC.
Read editionIPOX® CEO, Josef Schuster, emphasized the potential pitfalls of anchor investors not retaining shares, highlighted by Birkenstock's recent IPO struggles. Meanwhile, European buyout firm CVC Capital Partners plans an Amsterdam IPO, which could be this year's largest in Europe. Saudi Arabian water treatment company, Miahona, considers a domestic IPO for next year, and U.S. healthcare software developer Waystar, backed by EQT, has announced Nasdaq IPO intentions, with banks like JPMorgan leading the offering.
Read editionThe IPOX® 100 U.S. ETF outperforms the Renaissance IPO ETF over a 3-year period, amidst geopolitical concerns and market dynamics. Express-delivery firm J&T Global eyes a $500M Hong Kong IPO, while Kokusai Electric, backed by KKR, seeks Japan's largest IPO since 2018. South Korea experiences an IPO wave, led by insurer SGI. Meanwhile, Chinese anime product maker Kayou prepares for a Hong Kong IPO.
Read editionTurkish Burger King operator TAB Gida approves IPO listing on Borsa Istanbul, aspiring to gather 6.83 billion liras ($246 million). Citigroup predicts restricted impact on Middle Eastern deals amid the Israel-Hamas conflict but warns of possible broader war consequences. Didi Global plots a 2024 Hong Kong listing, strategizing a recovery after its NYSE troubles and aiming for better regulatory relations. Australian payment infrastructure provider Cuscal initiates its IPO, anticipating a market cap of $336m USD, with backing from Bank of America.
Read editionAmidst global market volatilities and economic uncertainties, companies experience varying IPO outcomes. Birkenstock faces a challenging U.S. debut with a 12.6% share plunge, while OQ SAOC secures Oman's largest IPO, amassing $748.6 million. Luyuan and Shiyue Daotian celebrate a strong Hong Kong IPO debut, contrasting Planisware, which defers its Paris IPO amidst the turbulent market.
Read editionBirkenstock, ADES Holding Co., Planisware, J&T Global Express, Shiyue Daotian Group, Ferrovie dello Stato Italiane, Virgin Australia, and Kokusai Electric navigate strategic financial developments and IPOs, influencing global markets across diverse industries such as footwear, oil drilling, software, courier services, food, railways, airlines, and chip-equipment manufacturing, respectively.
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