IPOs in the U.S. and Europe aren’t doing so well, having fallen 90% in value so far this year, Financial Times (FT) reports. That comes amid several destabilizing factors – the Ukraine war and surging inflation are two of the main ones. Businesses have had...
Bit by bit, inch by inch, the FinTech IPO Index claws its way back. Thanks to the platforms. Yes, the group is down a bit more than 35% year to date, but in a five day stretch of positive momentum, the Index gained 5.2%. And...
Embedded payments and the digitization of the supply chain are coming to a public market near you. There has been no dearth of headlines heralding the end of Wall Street’s love affair with special purpose acquisition companies (SPACs). But there are still signs of activity...
Payments and service provider PayMate India has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India to raise funds through an initial public offering (IPO), according to a Livemint report. The company wants a fresh issue of ₹1125 crore...
For the FinTech IPO group, some muted gains. Not enough to mark any significant reversal of fortune, where the Index is down more than 39%. Or, for that matter, a month that, given the limited trading days next week, is off more than 8%. But,...
Not bad. Relatively speaking, that is. In a week where sentiment in the stock market has been driven by retailers — Target, Lowe’s, et al — and where we saw mid-single-digit percentage declines in the overall indices, the FinTech IPO group held up pretty well....
Italian credit management company Generalfinance plans to go public via an initial public offering on the Milan bourse next month. As Reuters reported Wednesday (May 18), the company — which offers to finance small- and medium-sized businesses, aims to provide newly-issued shares and existing ordinary...
There are downturns, and then there are the routs signaling that something’s changed. Changed in the minds of retail investors, and also for the institutions and the investors that ante up the capital that helps startups make the leap onto the public markets. It seems...
In a week that saw two-thirds of its members falling 20% or more, the FinTech IPO Index fell to an all-time low, diving 27% for the week and extending its year-to-date loss to roughly 50%. Source: PYMNTS As the above chart shows, after peaking last...
