PYMNTS-MonitorEdge-May-2024

IPOs

An initial public offering (IPO) refers to the process of offering shares of a private corporation to the public in a new stock issuance. Public share issuance allows a company to raise capital from public investors.

Source: investopedia.com

Report: Private Equity Sits on $3 Trillion as Dealmaking Slows
Report: Private Equity Sits on $3 Trillion as Dealmaking Slows
May 26, 2024  |  Investments

Private equity firms are reportedly holding onto a record 28,000 companies worth $3 trillion-plus. It’s a situation outlined in a report Sunday (May 26) by...

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Report: Circle to Shift Legal Base to US From Ireland
Report: Circle to Shift Legal Base to US From Ireland
May 15, 2024  |  Cryptocurrency

As it prepares to go public, stablecoin issuer Circle is reportedly also planning a move. The company is preparing to transfer its legal base from Ireland to the United...

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Cloud Security Firm Wiz Valued at $12 Billion After Funding Round
Cloud Security Firm Wiz Valued at $12 Billion After Funding Round
May 07, 2024  |  Investments

Cloud security startup Wiz has reportedly been valued at $12 billion after raising $1 billion. Co-founder and CEO Assaf Rappaport discussed the funding in a Tuesday (May 7) interview...

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Report: ShipBob Planning to Launch IPO With $4 Billion Valuation
Report: ShipBob Planning to Launch IPO With $4 Billion Valuation
April 19, 2024  |  IPO

ShipBob is reportedly planning to launch its initial public offering (IPO) as soon as late 2024. The listing could value the eCommerce fulfillment service provider...

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Walmart-Backed Ibotta Sees Share Price Leap 33% in Market Debut
Walmart-Backed Ibotta Sees Share Price Leap 33% in Market Debut
April 18, 2024  |  IPO

Ibotta shares leapt 33% during their debut on the New York Stock Exchange (NYSE) on Thursday (April 18). The stock debuted at $117 per share...

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Zopa CEO Doubts UK FinTechs Will Go Public This Year
Zopa CEO Doubts UK FinTechs Will Go Public This Year
April 15, 2024  |  IPO

British digital bank Zopa is profitable and getting closer to going public.  But CEO Jaidev Janardana told the Financial Times (FT) Monday (April 15) that while the company...

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‘Handful’ of AI Firms Weighing Stock Market Listings
‘Handful’ of AI Firms Weighing Stock Market Listings
April 10, 2024  |  artificial intelligence

A New York Stock Exchange executive says multiple artificial intelligence (AI) startups are exploring going public.  “I’d say that the majority of the companies that...

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From Kathmandu to AI Frontiers: Fusemachines CEO’s Path to Tech
From Kathmandu to AI Frontiers: Fusemachines CEO’s Path to Tech
April 09, 2024  |  artificial intelligence

Growing up in Kathmandu, Nepal, Sameer Maskey did not experience the internet until the age of 19. Yet 15 years after that first encounter, he...

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Corporate Wellness Platform Gympass Rebrands as Wellhub, Prepares for IPO
Corporate Wellness Platform Gympass Rebrands as Wellhub, Prepares for IPO
April 04, 2024  |  IPO

Corporate wellness platform Gympass rebranded as Wellhub to reflect its expanding range of services. Previously focused on gym memberships, the platform now has partners in the fields...

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