The IPOX® Update 7/24/23
IPOX® holding Symbotic surges as the Warehouse automation specialist and SoftBank form a $100m joint venture, GreenBox Systems, with SoftBank increasing its stake. Creative Global Technology Holdings is preparing for an $18m US IPO to expand its business. Surf Air Mobility plans a direct listing on the NYSE this Friday. Amid local regulations, six Chinese bubble tea chains, including Mixue Bingcheng, are eyeing overseas IPOs. Snack shop chain, Busy For You, is considering a Hong Kong IPO to raise between $100-200m. Mitsubishi Motors is deciding on investment in Renault's EV IPO, Ampere. Hua Hong Semiconductor announces a $3 billion IPO plan on Shanghai's STAR board.
The IPOX® Update 7/20/23
Direct-to-consumer beauty and tech firm Oddity triumphed in its IPO, signaling potential growth for the IPO market. Meanwhile, Bank of America predicts a slow revival for Europe's IPO market, with successful launches by Hidroelectrica SA and Nucera, amidst adverse conditions that led to the withdrawal or postponement of several IPOs. UAE-based edtech firm Alef Education is considering an IPO, reflecting a growing trend in the Persian Gulf region. Megvii Technology, an Alibaba-backed AI startup, restarts its IPO application. Finally, Chinese electronics reseller Creative Global Technology Holdings files for an $18M US IPO, marking another step for tech companies in the IPO space.
The IPOX® Update 7/19/23
Beauty and wellness firm, Oddity Tech, prices IPO, surpassing expectations with a $424M offering, and valuing the company at around $2.4B fully diluted. Meanwhile, Nevada-based Taiwanese firm, Advanced Biomed, plans a $112.5M IPO to fund cancer detection biochip development. Morgan Stanley CEO, James Gorman, predicts a resurgence in deal-making following future Fed rate hikes, despite current declines in IPOs. Aleph Group, a digital advertising firm, withdrew IPO plans amid market turbulence and concerns over high interest rates. Finally, South Korean companies are rushing to go public in anticipation of impending IPO regulation changes.
The IPOX® Update 7/18/23
Biotech firm Turnstone Biologics is launching a $75.4M IPO with backing from Takeda. Pharma giant Novartis has upgraded its forecast and is preparing an IPO for its generic-drugs unit Sandoz. Chinese AI chip startup Shanghai Biren is contemplating a Hong Kong IPO as an alternative to banned Nvidia chips. The Australian tech IPO market is forecasted to rebound, led by hopefuls like Brennan IT and CurveBeam AI. SK Pharmteco is seeking a $500M pre-IPO deal, planning for an IPO in 2025. Meanwhile, Finnish EV charger maker Kempower's stock has surged following an upgraded full-year outlook.
The IPOX® Update 7/17/23
Israeli beauty tech firm Oddity Tech raises its IPO price range, eyeing a $357 million valuation. In Indonesia, PT Nusantara Sejahtera Raya, the largest cinema chain operator, successfully raised $150 million in an IPO, breaking a streak of high-priced Jakarta IPOs. State palm oil planter PalmCo and oil & gas company Pertamina Hulu Energi prepare for their IPOs, bolstering Indonesia's public markets. Meanwhile, inflammation-focused pharma firm MoonLake Immunotherapeutics is exploring a potential sale, causing its shares to surge.
The IPOX® Update 7/14/23
General Atlantic, Goldman Sachs Asset Management, Kahoot’s CEO, and Kirkbi Invest propose a $1.7 billion buyout of Norwegian ed-tech company Kahoot! ASA, supported by investors who hold 34% of Kahoot's shares. In other news, Chinese agribusiness firm Syngenta is seeking Middle Eastern sovereign funds for its $9 billion Shanghai IPO. Simultaneously, car manufacturer Nissan is investing ¥100 billion in Renault's electric vehicle venture, Ampere.
The IPOX® Update 7/13/23
Multiple global companies, including Brazil's JBS, Restaurant Brands Iberia, Wisekey International, Liquid Death, Lemon Sky Studios, and Healthy Green Group, have announced plans for their respective IPOs.
The IPOX® Update 7/12/23
SoftBank-backed Arm Ltd. discusses IPO with Nvidia; Romanian Hidroelectrica debuts on Bucharest Stock Exchange; AXA mulls over private sale or IPO for XL Re; Tryt Inc. prices Tokyo IPO at 1,200 yen per share; Star Plus Legend Holdings' IPO oversubscribed 13 times; Oklo goes public via SPAC merger; Toronto Stock Exchange experiences IPO slump; Maggioli SpA withdraws IPO due to unsatisfactory market conditions.
The IPOX® Update 7/11/23
Surf Air Mobility is set to trade on NYSE following a merger with Southern Airways. Biotech firm Apogee Therapeutics plans a $250 million IPO. Sagimet Biosciences files for an IPO in the NASH field. Oddity Tech files for an IPO on Nasdaq. Marti Technologies begins trading on NYSE. China's largest online fitness platform, Keep, is set to list in Hong Kong. Seed producer Syngenta plans a $9 billion IPO in Shanghai. Genesis MedTech weighs a potential $500m IPO in Hong Kong. Taiwan's stock exchange expects a surge in IPO applications.
The IPOX® Update 7/10/23
German firm Intilion postpones IPO, Apogee Therapeutics targets $774.5m in its IPO, Bayer's shares increase on potential spinoff news, WuXi XDC Cayman files for a Hong Kong IPO, and Autozi Internet Technology seeks a $29m US IPO.
The IPOX® Update 7/7/23
The global IPO market shows signs of recovery with successful offerings from various sectors. Hydrogen producer Nucera, Romanian hydropower firm Hidroelectrica, Birkenstock, and more are making headlines with their recent and upcoming IPOs, signaling renewed investor confidence.
The IPOX® Update 7/6/23
Recent IPO news highlights include Japan's soaring IPO market, Thyssenkrupp's hydrogen unit Nucera's €2.5 billion IPO, Hidroelectrica's $10.28 billion IPO, PT Amman Mineral Internasional's largest Indonesian IPO this year, Keep Inc.'s $40 million Hong Kong IPO, Lu DaoPei Medical's Hong Kong IPO filing, Zhejiang Yongtai Technology's $107 million London GDR offering, and Claire's postponed public offering.
The IPOX® Update 7/5/23
Fondul Proprietatea raises record $1.8B in Hidroelectrica's IPO, marking a milestone in Romania's equity market. ThyssenKrupp's hydrogen subsidiary, Nucera, announces IPO. Greece plans Athens International Airport's IPO. Investcorp prepares for IPO, as does Chinese retail giant, Shein. Meanwhile, some Middle Eastern companies delay IPOs, and London Stock Exchange modifies standards for Chinese listings.
The IPOX® Update 7/4/23
Global companies including Singapore's Nium, Rakuten, Yahoo, Huayou Cobalt, Advanced Inhalation Rituals, Dragonfly Biosciences, YLAB, and ENNA have announced plans for IPOs.