Analysis & Comment

India's Zostel asks regulator to reject SoftBank-backed Oyo's IPO filing

MUMBAI (Reuters) – Indian hospitality startup Zostel has asked the market regulator to reject an application from SoftBank Group-backed rival Oyo Hotels and Rooms to go public due to a legal tussle between the firms over a deal that fell apart six years ago.FILE PHOTO: The logo of OYO, India’s largest and fastest-growing hotel chain, […]

Business

China tightens scrutiny over IPO price-setting, punishes 19 institutions

A sign for STAR Market, China’s new Nasdaq-style tech board, is seen after the listing ceremony of the first batch of companies at Shanghai Stock Exchange (SSE) in Shanghai, China July 22, 2019. REUTERS/Stringer SHANGHAI (Reuters) – China’s securities regulators punished 19 institutional investors as authorities tighten scrutiny over price-setting behaviours under a more liberalised […]

Business

Robinhood's meme stock status fuels IPO uncertainty

(Reuters) – Robinhood Markets Inc thrived thanks to the popularity of so-called meme stocks such as GameStop Corp with retail investors. Becoming a meme stock itself comes with trading volatility that is giving pause to some potential investors in its initial public offering.FILE PHOTO: Robinhood logo is seen on a smartphone in front of a […]

Business

Deliveroo shares stumble in their debut, falling 26 percent.

By Eshe Nelson Deliveroo, the British food delivery service, dropped as much as 30 percent in its first minutes of trading on Wednesday, a gloomy public debut for the company that was promoted as a post-Brexit win for London’s financial markets. The company had set its initial public offering price at 3.90 pounds a share, […]

Analysis & Comment

SoftBank-backed Kahoot plans $7 billion Oslo listing in coming weeks: sources

LONDON (Reuters) – SoftBank-backed online education firm Kahoot is planning to launch a main market listing on the Oslo bourse in the coming weeks, with the company valuation pegged at $7 billion, two sources familiar with the matter told Reuters.FILE PHOTO: SoftBank Corp’s logo is pictured at a news conference in Tokyo, Japan, February 4, […]

Analysis & Comment

Moonpig eyes valuation of more than 1 billion pounds from London IPO

FILE PHOTO: Moonpig and THG (The Hut Group) logos are seen on laptop in front of displayed stock graph in this illustration taken, January 12, 2021. REUTERS/Dado Ruvic/IllustrationLONDON (Reuters) – Online greetings card retailer Moonpig Group plans to raise up to 422 million pounds ($575.65 million) from an initial public offering its bookrunner said on […]

Analysis & Comment

Germany's AUTO1 seeks to raise at least 1.5 billion euros in IPO

FILE PHOTO: Flags with the logo of Auto1.com are pictured at the company grounds in Zoerbig, Germany January 28, 2017. REUTERS/Fabrizio Bensch(Reuters) – German used-car trading platform AUTO1 on Monday set a range of between 32 and 38 euros per share for its initial public offering, implying that its Frankfurt flotation will raise at least […]

Analysis & Comment

British company bosses warn against 'race to the bottom' in listing review

LONDON (Reuters) – British corporate lobby group the Institute of Directors on Wednesday said relaxing rules to attract more stock market listings to London could put at risk the UK’s strong track record on corporate governance.FILE PHOTO: Signage is seen outside the entrance of the London Stock Exchange in London, Britain. Aug 23, 2018. REUTERS/Peter […]

Analysis & Comment

Airbnb to make IPO filing next week, braving COVID-19 surge: source

FILE PHOTO: The logo of Airbnb is displayed at an Airbnb event in Tokyo, Japan, June 14, 2018. REUTERS/Issei Kato(Reuters) – U.S. home rental company Airbnb Inc plans to make its initial public offering (IPO) registration public as early next week, setting course for a stock market debut next month even as the COVID-19 pandemic […]

Business

Analysis: Stepped up Chinese scrutiny increases investment risk of 'Beast' Ant

BEIJING/HONG KONG (Reuters) – As Ant Group was working in August towards its giant IPO, at least two smaller Chinese banks with existing ties to the fintech firm decided to stop sourcing new consumer loans from it, people with knowledge of the matter said.FILE PHOTO: Ant Group logo is pictured at the Shanghai office of […]