IPO

IPO
Johnson & Johnson Prepares to Test IPO Waters
April 23, 2023

Johnson & Johnson is reportedly readying an investors roadshow to take its commercial healthcare unit public. According to a Sunday (April 23) Wall Street Journal (WSJ) report, sources familiar with the matter say the company could begin meeting with investors as early as Monday (April...

IPO
Opendoor Cuts More Staff and Leads FinTech IPO Index Down 0.7%
April 20, 2023

Earnings season has yet to fully engulf the FinTech IPO sector. But there was plenty of other news to go around — where macro headwinds were in evidence, forcing at least one platform to scale back its headcount. Shares in Opendoor plunged 18.9% through the...

IPO
SeatGeek Reportedly Files Confidentially for IPO Amid Events Industry Boom
April 19, 2023

SeatGeek has reportedly filed confidentially for an initial public offering (IPO). The event ticketing firm is making the move as people continue to return to concerts and sporting events after the pandemic, and it expects its revenue to top $500 million this year, The Information...

IPO
FinTech IPO Gains 2.1% as Platforms’ Stocks Swing Wildly
April 13, 2023

The platforms held sway this past week — where volatility reigned on Wall Street. And within the FinTech IPO Stock Index, we saw gainers and losers in roughly equal measure, with double-digit movements to the upside and downside … and the result was that through...

IPO
FinTech IPO Index Gains 0.3% as nCino and dLocal Post Earnings
April 06, 2023

Earnings season’s just about over. But there were a few last reports among our FinTech IPO pantheon right before the next earnings season begins next week. Beginning in mid-April, the big banks will start rolling out their reports on how the first quarter fared —–...

IPO
FinTech IPO Index Gets 1.7% Boost on OppFi, Huize Earnings 
March 30, 2023

One day left in the quarter. And then earnings season begins again in just a few short weeks. But even over the last several days, as March draws to a close, earnings for the December period continued to sway stock prices for the names in...

IPO
Report: Alibaba Preparing IPO for $20 Billion Logistics Unit
March 30, 2023

China’s Alibaba Group is reportedly planning to take its logistics business public. The tech giant is in discussions with banks for an initial public offering (IPO) for its Cainiao Smart Logistics Group on the Hong Kong market, Bloomberg News reported Thursday (March 30), citing people...

IPO
Sezzle Sizzles with 39% Rally but CE 100 Index Barely Budges
March 27, 2023

The CE 100 Index gained 1.2% last week as investors got excited — again — about AI, and the possibility of sustained profits for in the buy now, pay later space.  The Communications pillar gained 3%, followed by the Pay and be Paid segment, up...

IPO
IPO Fundraising Falls 70% Amid Banking Crisis
March 26, 2023

The global market for initial public offerings continues to struggle amid banking sector upheaval. That’s according to data published Sunday (March 26) by Bloomberg News, which found companies have $19.7 billion via initial public offerings (IPOs), down 70% year-over-year and the lowest comparable level since...