Swedish payments firm Trustly plans to go public imminently April 12, 2021 Swedish payments firm Trustly plans to launch an IPO in late April or early May that could value the business at €9bn. Trustly’s owner, buyout group Nordic Capital, is working with Goldman Sachs, JP Morgan and Carnegie on the IPO, Reuters reported in January. Trustly’s revenues were around €130m in 2019 and will be around [...]
Darktrace revenue hits $200m as it confirms London float April 12, 2021 Darktrace today said its revenue surged to almost $200m (£146m) thanks to the pandemic as it confirmed plans to float on the London Stock Exchange. In a filing this morning the Cambridge-based tech firm unveiled its intention to list in London, with its registration document due to be published later today. Darktrace did not provide [...]
UK records strongest opening quarter IPO performance in 14 years April 12, 2021 UK listings got off to a strong start this year, with more funds raised in the opening quarter of 2021 than in any other opening quarter since 2007. The first quarter of 2021 also marked the most funds raised in a single quarter since 2014, according to new research from EY. Both the main market [...]
Soho House takes first steps towards New York listing April 8, 2021 Soho House has taken the first step towards a New York stock market listing that would see the business valued at more than $3bn. The private members club has submitted a confidential filing for an initial public offering (IPO) in New York, Sky News first reported. The filing is the first formal step towards a [...]
Oxford scientist set for £15m payday in Vaccitech flotation April 8, 2021 Professor Sarah Gilbert, the Oxford scientist behind Astrazeneca’s coronavirus jab, is set to land a payday of as much as $20m (£15m) as her vaccine start-up prepares for its stock market debut. Gilbert is understood to be sitting on millions of dollars worth of shares in biotech firm Vaccitech, which is expected to list in [...]
Deliveroo shares slump 30 per cent on long-awaited stock market debut March 31, 2021 Deliveroo shares plunged by as much as 30 per cent on its long-awaited market debut, wiping more than £2bn off its valuation. The delivery firm’s shares closed out their first day of trading well down at 287p, a sharp drop from the offer price of 390p per share. The listing had been hotly anticipated given [...]
Deliveroo narrows share price range as expected valuation drops by £1bn March 29, 2021 Deliveroo has said it will price shares for its highly anticipated stock market listing towards the bottom of its price range due to “volatile” market conditions. The takeaway delivery service is set to announce its final pricing on Wednesday morning but has narrowed its share price range to between £3.90 and £4.10 per share. Last [...]
Trustpilot shares soar as firm kicks off £1.1bn London IPO March 23, 2021 Shares in online reviews platform Trustpilot rose by 14 per cent in its London stock market debut on Tuesday. The company has priced the IPO at 265p per share, giving it a market capitalisation of £1.1bn. The firm launched 161 million shares today, jumping 14 per cent in morning trading. The IPO will raise £473m [...]
LGIM to call for ‘more protections’ for minority investors March 22, 2021 One of the UK’s largest investors is set to call for more protections for minority investors in a submission to the Financial Conduct Authority (FCA) over reforms to the UK’s listings regime. Legal & General Investment Management (LGIM) will call for a range of measures, including making investment banks which run IPOs for companies receive [...]
$76.7bn of SPAC IPOs break all-time record only ten weeks into 2021 March 15, 2021 So far this year, 258 global special purpose acquisition company (SPAC) IPOs have been brought to the market, up to the end of last week, surpassing the full year annual record of 256 set during 2020 in just 10 weeks. According to new Refinitiv data, published this morning, global SPAC IPO proceeds total just over [...]