The declines in the U.S. stock market that started early this year have scared off investors in technology startups and led to the longest stretch without a tech initial public offering (IPO) in this century. Wednesday (Sept. 21) will be the 238th day without a...
A shortened trading week, a muted performance and, in fact, barely much of a performance at all. To that end, the FinTech IPO Index barely budged, losing 0.1%. The flurry of earnings is pretty much done, and the volatility of the past several weeks has...
After announcing in March that it was delaying its planned initial public offering (IPO), yogurt company Chobani announced Friday (Sept. 2) that it is withdrawing the IPO. The company said in a Friday filing with the Securities and Exchange Commission (SEC) that it has decided...
For the FinTech IPO Index, it feels like the long weekend cannot come fast enough. The downturn continues, even as earnings are largely in the rearview mirror, even though headlines in the past several trading sessions have been sporadic. Overall, the index was down 3.5%,...
African FinTech Flutterwave is moving ahead with preparations for an initial public offering (IPO) on the Nasdaq despite claims of financial impropriety by the Central Bank of Kenya (CBK) and its bank accounts being frozen by Kenya’s High Court. “We have the attractive market potential...
The FinTech IPO Index slipped 6.3% through the week, which cuts its monthly gain from double-digit percentage points to a current 5.6%. The year-to-date performance is still significantly to the downside, at 38.1%. Earnings are largely in the rearview mirror, and in large part the...
Large-parcel B2B eCommerce platform GigaCloud Technology has closed a $41 million initial public offering (IPO) as well as a full over-allotment option of about 3.4 million Class A ordinary shares. The Class A ordinary shares began trading on the Nasdaq Global Market on Thursday (Aug....
The earnings caravan rumbles on. And the results, as seen over the past week — at least for the digital first and digital only upstarts out to change financial services — have been mixed. The FinTech IPO Index lost 1.6%. Yet, month to date, the...
China Tourism Group Duty Free, which runs China’s biggest duty-free retail network, is planning an initial public offering (IPO) in Hong Kong that could raise as much as $2 billion, Reuters reported Friday (Aug. 12). The offering is fully subscribed, and the stock is likely...
