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

Instacart’s IPO Approaches Amid eGrocery’s Exponential Growth
Instacart’s IPO Approaches Amid eGrocery’s Exponential Growth
September 12, 2023  |  eCommerce

Instacart’s upcoming initial public offering (IPO) will arrive at a time when the grocery sector is poised for rapid growth, as today’s young consumers mature....

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Report: Alibaba Delays Freshippo IPO Due to Weak Demand
Report: Alibaba Delays Freshippo IPO Due to Weak Demand
September 08, 2023  |  IPO

Alibaba Group Holding has reportedly decided to delay the potential initial public offering (IPO) of its grocery chain, Freshippo, in Hong Kong due to weak sentiment for...

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Instacart Boosts in-Store Offerings in Leadup to Planned IPO
Instacart Boosts in-Store Offerings in Leadup to Planned IPO
September 07, 2023  |  Retail

In an effort to place itself at the center of grocers’ omnichannel businesses, Instacart is boosting its in-store capabilities in advance of its planned initial...

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DoorDash CEO Calls Out Instacart Amid Aggregator’s Own eGrocery Push
DoorDash CEO Calls Out Instacart Amid Aggregator’s Own eGrocery Push
September 06, 2023  |  eCommerce

As DoorDash pushes to grow its share of online grocery, Tony Xu, CEO of the San Francisco-based aggregator, is reportedly casting doubt on Instacart in...

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Zilch Considers London Stock Exchange for IPO
Zilch Considers London Stock Exchange for IPO
September 01, 2023  |  IPO

Zilch is reportedly exploring options for an initial public offering (IPO), with the London Stock Exchange (LSE) being a potential listing venue. According to CEO Philip Belamant,...

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Kenyan Lender Credit Bank to Raise $6.89 Million Through IPO
Kenyan Lender Credit Bank to Raise $6.89 Million Through IPO
August 28, 2023  |  IPO

Kenyan lender Credit Bank reportedly plans to raise 1 billion shillings (about $6.89 million) through an initial public offering (IPO) on the Nairobi Securities Exchange (NSE). The move would...

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VNG Files to Become First Vietnamese Tech Firm Listed in US
VNG Files to Become First Vietnamese Tech Firm Listed in US
August 24, 2023  |  IPO

Vietnamese internet startup VNG plans to go public in the United States. The company made its intentions known in a Wednesday (Aug. 23) filing with the Securities and Exchange Commission (SEC)....

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Lulu Group Raising $2.72 Billion to Reposition Business for IPO
Lulu Group Raising $2.72 Billion to Reposition Business for IPO
August 10, 2023  |  Investments

Abu Dhabi-based LuLu Group International, which owns one of the largest hypermarket chains in the Middle East, is reportedly raising 10 billion dirhams (about $2.72 billion)...

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Report: Amazon and Google Could Invest in Chipmaker Arm’s IPO
Report: Amazon and Google Could Invest in Chipmaker Arm’s IPO
August 09, 2023  |  IPO

Amazon is reportedly in discussions to invest in chipmaker Arm’s initial public offering (IPO). Arm owner SoftBank is also talking to Google and companies from other industries heavily dependent on semiconductors...

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