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

As Chime Mulls IPO, Neobanks Grapple With Uneven Profitability
As Chime Mulls IPO, Neobanks Grapple With Uneven Profitability
March 26, 2024  |  Digital Banking

As they say in horse racing and on Wall Street: You pays your money and you takes your choice. The news that Chime Financial is mulling an...

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Will Bumper Crop of IPOs Take Cue From Busted FinTech Offerings?
Will Bumper Crop of IPOs Take Cue From Busted FinTech Offerings?
March 20, 2024  |  IPO

Investors may be gearing up for an initial public offering (IPO) renaissance, but if PYMNTS’ FinTech IPO Index serves as any harbinger: Caveat emptor. There’s...

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Citigroup Sees Renewed Interest in M&A, IPOs
Citigroup Sees Renewed Interest in M&A, IPOs
March 19, 2024  |  Business

The EMEA DisrupTech conference in London, convened by Citigroup, reportedly spotlighted the burgeoning environment for mergers and acquisitions (M&A) in 2024. The event assembled 48...

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DOJ Targets ‘Fake It Till You Make It’ Tech Startups
DOJ Targets ‘Fake It Till You Make It’ Tech Startups
March 19, 2024  |  Regulation

A top federal prosecutor is reportedly targeting startups that defraud investors ahead of going public. Ismail Ramsey, U.S. attorney for the Northern District of California,...

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Report: CPG Company Harry’s Prepares to Launch IPO
Report: CPG Company Harry’s Prepares to Launch IPO
March 08, 2024  |  Retail

Consumer packaged goods company Harry’s Inc. reportedly confidentially filed for an initial public offering. The firm, which started with men’s grooming products in 2013 and now has...

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Goldman Sachs: IPO Market Could Surpass 2022-2023 Levels
Goldman Sachs: IPO Market Could Surpass 2022-2023 Levels
February 11, 2024  |  IPO

This year could mark a recovery for the initial public offering (IPO) market. That’s according to a report by Goldman Sachs, cited Sunday (Feb. 11)...

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Renault Forgoes Electric Car Unit IPO as EV Enthusiasm Dips
Renault Forgoes Electric Car Unit IPO as EV Enthusiasm Dips
January 29, 2024  |  IPO

Carmaker Renault canceled plans to take its electric vehicle unit, Ampere, public. The French company said in a Monday (Jan. 29) press release that “current...

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Report: Shein Investors Sell Discounted Shares as IPO Enthusiasm Wanes
Report: Shein Investors Sell Discounted Shares as IPO Enthusiasm Wanes
January 25, 2024  |  Retail

Investors in fashion retailer Shein are reportedly selling discounted shares. Those private-market deals value Shein at as low as $45 billion, Bloomberg News reported Thursday (Jan. 25),...

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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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