Plant-based milk company Oatly files for US IPO February 23, 2021 Plant-based milk company Oatly, which is backed by Oprah Winfrey, today said it had confidentially filed for an initial public offering (IPO). The IPO marks a profitable era for plant-based alternatives, which flies in the face of the EU’s ban on using marketing terms such as ‘oat milk’ or ‘vegan cheese’ last year. A source [...]
Is technology a new asset class? February 23, 2021 | City Talk With Covid-19 accelerating digitalisation, the question facing many companies is no longer whether technology is important, but just how important? What percentage of their time should a bank or retailer’s top executives spend thinking about technology? How much investment should a company make in tech? What weighting should institutional and retail investors give the sector? [...]
Alphabet-backed health insurance startup Oscar aims to raise more than $1bn in upcoming IPO February 22, 2021 Oscar Health Insurance is planning on raising more than $1 billion in its IPO.
Medical cannabis company Kanabo enjoys supherb first day as listed company February 16, 2021 Medical cannabis company Kanabo Group’s share price soared today on its first day listed on the London Stock Exchange (LSE). Kanabo manufactures vaporised marijuana pods and inhalers for medical use. By mid-morning, the company’s share price had jumped some 66.64 per cent on its first day as a listed company. Kanabo CEO Avihu Tamir said: [...]
Exclusive: Cyprus-focused miner set for London float February 15, 2021 A mining firm targeting a number of gold and copper sites in Cyprus is set to announce its intention to float on London’s main market. Caerus Mineral Resources – named after the Greek god of opportunity – is looking to raise £2.3m on its main market debut. The firm will issue an announcement to the [...]
E-commerce group Samarkand announces float plans February 8, 2021 Cross-border e-commerce technology and retail group Samarkand has announced its intention to float on the Aquis Exchange Growth Market. Samarkand is proposing to raise around £10m from the float, which is targeted for March 2021. Headquartered in London, Samarkand focuses on connecting Western brands with China. Samarkand CEO and co-founder David Hampstead said in the [...]
Film financier Great Point set for London IPO February 3, 2021 Great Point Entertainment Income Trust (GPEIT) today announced its intention to float on the main market of the London Stock Exchange. The London-based group will offer a target issue of 200m shares at 1 penny each at an initial issue price of £1 per ordinary share. GPEIT is a newly established investment company which will [...]
Dr Martens valued at more than £3.7bn in London IPO January 29, 2021 British bootmaker Dr Martens started its London IPO in style on Friday, attracting bumper demand in a sale valuing the company at £3.7bn. Dr Martens’ shares were up 19 per cent in their market debut after the company priced the deal at 370p a share, raising nearly £1.3bn. Known for its chunky boots, Dr Martens [...]
Swedish payments app Trustly plots IPO amid flurry of tech listings January 22, 2021 Swedish payments firm Trustly is reportedly planning a public listing this year worth up to 9bn, amid a flurry of tech IPOs. Trustly’s private equity backer Nordic Capital is working with Goldman Sachs, JP Morgan and Carnegie on the IPO which is due in the second quarter, according to Reuters. Nordic Capital bought a 70 [...]
Dating app Bumble files for US stock market float January 15, 2021 Dating app Bumble has filed for a US initial public offering, joining a host of major tech companies expected to go public this year. The app, which is backed by private equity giant Blackstone, registered for a float of up to $100m (£74m), though this is a placeholder amount and is expected to change. Previous [...]