PYMNTS-MonitorEdge-May-2024

ipo

Initial public offering or stock market launch is a type of public offering in which shares of a company are sold to institutional investors and usually also retail investors; an. IPO is underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges.

Source: nasdaq.com

Reddit Pushed by Investors to Seek $5 Billion IPO Valuation
Reddit Pushed by Investors to Seek $5 Billion IPO Valuation
January 28, 2024  |  IPO

Reddit’s potential investors reportedly want the company to seek a $5 billion IPO valuation. That’s according to a report Sunday (Jan. 28) by Bloomberg News, citing...

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Klarna CEO Teases US IPO
Klarna CEO Teases US IPO
January 23, 2024  |  IPO

Klarna CEO Sebastian Siemiatkowski said the Swedish FinTech company is considering an initial public offering (IPO) in the United States.  It is “very likely” that Klarna will launch...

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Business Development Companies Consider IPOs as Valuations Surge
Business Development Companies Consider IPOs as Valuations Surge
January 18, 2024  |  IPO

In recent months, business development companies (BDCs) have witnessed a surge in valuations, prompting several firms to opt for public offerings.  BDCs, which are private...

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Report: Reddit IPO Could Launch in March
Report: Reddit IPO Could Launch in March
January 18, 2024  |  IPO

Reddit is reportedly ready to go public via an initial public offering (IPO). The social media platform aims to go public in March after more than three years...

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MobiKwik Files for $84 Million IPO
MobiKwik Files for $84 Million IPO
January 05, 2024  |  IPO

Indian digital payments firm MobiKwik has filed for an initial public offering (IPO) worth up to 7 billion rupees ($84 million).  This move comes after the company’s...

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India-Based Car-Sharing Platform Zoomcar Completes Business Combination, Goes Public
India-Based Car-Sharing Platform Zoomcar Completes Business Combination, Goes Public
December 29, 2023  |  IPO

Zoomcar, an India-based peer-to-peer car-sharing platform focused on emerging markets, has gone public. The firm completed a previously announced business combination with Cayman Island-registered special...

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Banks Slash 60K Jobs as Dealmaking and IPOs Decline
Banks Slash 60K Jobs as Dealmaking and IPOs Decline
December 26, 2023  |  Banking

The world’s biggest banks reportedly slashed more than 60,000 jobs in 2023. It was a year in which investment banks suffered their second year in a...

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Custom Health to Go Public, Grow Tech-Enabled Medication Management Solution
Custom Health to Go Public, Grow Tech-Enabled Medication Management Solution
December 22, 2023  |  IPO

Custom Health, a provider of a technology-enabled medication management and managed care solution, plans to go public. The firm has entered into a definitive business...

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CE 100 Index Climbs 4.2% as Banking Names Rally on Possible Rate Cuts 
CE 100 Index Climbs 4.2% as Banking Names Rally on Possible Rate Cuts 
December 18, 2023  |  IPO

A broad stock market rally was the hallmark of last week’s trading action. The Federal Reserve signaled a pause on interest rate hikes and three...

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