Electric vehicle maker Rivian Automotive, Inc. NASDAQRIVN is all set to list its shares on Wall Street this week, having amended on Friday the Form S-1 statement originally filed on Oct. 1. Rivian’s IPO Terms: Rivian proposes to offer 135 million shares of its Class A common stock in an initial public offering, with the…
US IPO Boom Braves Market Volatility
Weeks of stock market volatility have done little to dent the record-setting pace of U.S. initial public offerings, with capital market insiders forecasting a strong finish to the year and a robust pipeline of listings in 2022. More than 2,000 IPOs raised a combined $421 billion globally by the end of September, a record high,…
The First Quantum Computing Company Makes Wall Street Debut
IonQ made its debut on Wall Street with a stock market listing on Friday, making history by becoming the first quantum computing hardware company to go public. The listing of IonQ was done through merging with a special purpose acquisition company (SPAC). The merger injected IonQ with $636 million capital which the company hopes to…
Restaurant-Software Maker Toast Valued at Nearly $33 Billion as Shares Surge in Debut
Toast Inc fetched a valuation of nearly $33 billion in its New York Stock Exchange debut on Wednesday, as shares of the restaurant software provider jumped 63 percent, underscoring a deep investor appetite for fast-growing software firms. The stock opened at $65.26, compared with its initial public offering price of $40 per share. The valuation…
Salesforce Rival Freshworks Aims for Nearly $9 Billion Valuation in US IPO
Freshworks Inc. is aiming for a nearly $9 billion valuation in a U.S. initial public offering, according to a regulatory filing by the business and customer engagement software company on Monday. The company, which rivals Salesforce.com Inc., said it would sell 28.5 million shares priced between $28 and $32. At the top end of the…
Federer-Backed Shoemaker ‘On’ Aims for Over $6 Billion Valuation in US IPO
On Holding AG, a shoe firm backed by Swiss tennis star Roger Federer, is targeting a valuation of more than $6 billion in a U.S. initial public offering (IPO), a regulatory filing showed on Tuesday. The company plans to sell 31.1 million shares in the IPO, priced between $18 and $20 per share. It would raise…
US Investors Hit by Beijing as Newly Listed Didi Could Face ‘Unprecedented’ Sanctions
Chinese ride-hailing giant Didi Chuxing has taken investors on a roller coaster ride since it became a target of an “unprecedented” clampdown by Beijing just days after its debut on the New York Stock Exchange. The company went public on June 30, raising $4.4 billion from global investors in one of the largest U.S. share offerings of the…
China Promotes HK-Based IPOs While US SEC Dithers
News Analysis A plan seems to be emerging in China to allow foreign capital to keep flowing into the country while granting Beijing increased control over its companies’ stock issuances. Earlier this month Chinese regulators including the Cyberspace Administration of China (CAC), the State Council, China’s cabinet, and the Chinese Communist party’s (CCP) Central Committee…
AIG to Sell Life and Retirement Unit Stake to Blackstone, Another With IPO
American International Group Inc plans to use an IPO to sell part of its life and retirement business, while Blackstone Group Inc agreed to buy a sizeable stake, according to a person familiar with the matter. AIG and Blackstone said on Wednesday the private equity firm would pay $2.2 billion in cash for 9.9 percent…
US Investors Ambushed By Beijing After Didi IPO
WASHINGTON—American investors were steamrolled again by Beijing as the ride-hailing giant Didi Chuxing became the latest target of a clampdown by the communist regime just days after its debut on the New York Stock Exchange. A Chinese cybersecurity regulator on July 2 announced that it was conducting a review on Didi. The officials banned the ride-hailing platform from…
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