The IPOX® Update 10/4/23
German tank transmission maker Renk sets its IPO price at €15/share, expecting under €400 million, with Triton retaining a 73% stake. Doosan Robotics, a South Korean firm, plans its nation's biggest IPO this year, targeting $310 million, eyeing global expansion and tech enhancements. Intel announces a spin-off of its Programmable Solutions Group via an IPO in the next 2-3 years, boosting Intel shares by 1.9% in premarket trading.
The IPOX® Update 10/3/23
Renk and Triton set a robust IPO price range amid strong demand, while Spanish logistics firm Bergé prepares Astara's 2024 IPO, seeking to boost its transition to a mobility platform. Concurrently, Charoen Pokphand Foods delays its IPO due to unstable market conditions, and eight biotech companies manage to raise $1.1 billion in Q3, despite varied market responses.
The IPOX® Update 10/2/23
German footwear maker, Birkenstock, aims to raise up to $1.6 billion in its NYSE listing, while Planisware and Barito Renewables target $270 million and $203 million respectively in their local markets. Amidst a decline in Chinese listings, Japanese startups are turning to Nasdaq. Doosan Robotics anticipates a strong market debut in South Korea, and Vuori Inc. explores a mid-2024 IPO. Meanwhile, a surge in IPO activity signals a 'Golden Era' in the Middle East.
The IPOX® Update 9/28/23
The IPOX® SPAC Index outperformed the S&P 500 and Nasdaq 100 in Q3. Schott Pharma AG had Germany's largest 2023 IPO, benefiting from demand for Covid-19 vaccines and obesity treatments. Chinese EV battery parts manufacturer Londian Wason Energy Tech plans a U.S. IPO, targeting $500 million. Meanwhile, IPOX® 100 Europe Index welcomed British firm Arm and Austrian company Eurotelesites, replacing BioNTech and Italgas, respectively.
The IPOX® Update 9/27/23
Recent global IPO activity highlights a promising market, with Schott Pharma setting its IPO price, anticipating a valuation of around €4 billion. Wall Street expects a flourishing IPO market into 2024. Birkenstock is preparing for a US IPO potentially valued at $10 billion. OQ Gas Networks in Oman achieved full subscription for its IPO, and Ritz-Carlton Yacht Collection plans an IPO and fleet expansion. Alibaba seeks advisory services from Ampere Partners for its logistics unit's IPO, potentially valued at $100 billion.
The IPOX® Update 9/26/23
Alibaba is spinning off its Cainiao Smart Logistics for a Hong Kong IPO, potentially raising over $1 billion. Swedish discount retailer, Rusta, targets a Nasdaq Stockholm IPO, aiming to be Europe's top discount store. Line Man Wongnai, a food delivery app, prepares for a $300 million IPO in Bangkok, backed by GIC Pte. Korea's IPO market gains momentum with e-book platform Millie's upcoming listing on Kosdaq, influencing sentiments for future IPOs, while new regulations could boost IPO stock prices by up to 400%.
The IPOX® Update 9/25/23
Lumi Rental Co's debut on the Saudi stock market soared, raising $290 million. German defense supplier Renk, Swiss pharma giant Novartis' Sandoz unit, South Korean battery-materials producer Ecopro Materials, and Australian data center operator AirTrunk are all eyeing substantial IPOs. Meanwhile, Spinneys Dubai is planning a Q2 2024 listing, adding momentum to the Gulf's financial market.
The IPOX® Update 9/22/23
Alibaba's logistics subsidiary Cainiao aims for a Hong Kong IPO, targeting a $1 billion raise; this positively impacted Alibaba's stock. Vietnam-based VNG postponed its U.S. IPO amid market volatility, following mixed IPO performances from other companies. The Middle East is set to see its first-ever SPAC deal, involving ADC Acquisition Corp and United Printing & Publishing. Meanwhile, Telekom Austria's tower spin-off, EuroTeleSites, started trading in Vienna with mixed results.
The IPOX® Update 9/21/23
Private equity firm KKR plans to list Japan-based Kokusai Electric on the Tokyo Stock Exchange, aiming for a $3.7 billion valuation. China's Midea Group seeks to raise $1 billion through a Hong Kong IPO to fund R&D in automation and smart appliances. Telekom Austria intends to list its tower business EuroTeleSites on the Vienna Stock Exchange. Meanwhile, Chinese AI startup Beijing Fourth Paradigm is set for a Hong Kong IPO despite being added to the U.S. "Entity List."
The IPOX® Update 9/20/23
Marketing firm Klaviyo raised $576 million in its NYSE IPO, valuing it at $9 billion. CVC Capital Partners, valued at $15 billion, plans a European IPO, likely in Amsterdam. Saudi drilling services provider Ades aims to raise $1.22 billion in its IPO on the Saudi Exchange, backed by Saudi Arabia's Public Investment Fund, valuing the company at approximately $4 billion. Hyundai Global Service, supported by KKR, targets a 2024 Seoul IPO, seeking a valuation between $3 billion to $4 billion.
The IPOX® Update 9/19/23
U.S. grocery delivery firm, Instacart, debuts on NASDAQ, emphasizing its shift towards an advertising business model under CEO Fidji Simo. Carrier Global, an HVAC company, considers listing its fire unit, while Doosan Robotics celebrates South Korea's leading IPO for 2023, indicating the country's increasing focus on robotics. Meanwhile, Germany's Schott Pharma experiences high demand for its IPO, showcasing the growth potential in the medical glass sector.
The IPOX® Update 9/18/23
U.S. grocery platform Instacart aims to raise $660 million with a focus on advertising and technology. Marketing firm Klaviyo Inc. has revised its IPO target to $557 million. Omani energy giant OQ SAOC seeks $771 million in the country's largest-ever IPO. German glassmaker Schott AG targets an IPO for its pharma subsidiary, while Spanish airline Volotea contemplates a Madrid stock market listing.