Categories U.S. Markets News

What is happening in the IPO market?

The IPO market is abuzz as usual, with many companies inching closer to public listing, while a few have backtracked from their plans. Let’s take a quick look at what you can expect in the coming days.

Medical device firm Ra Medical Systems intends to offer 3.3 million shares under its planned IPO at a price range of $14 to $16 a share. The shares will be listed on the NYSE under “RMED” ticker. The company is developing a type of ultra-violet laser-based platform called DABRA to treat vascular and dermatological diseases.

Chinese internet start-up Meituan Dianping has raised about $4.2 billion after pricing its shares at the top of its target range, according to CNN. This could value the company at close to $55 billion. The company intends to use the cash to upgrade its technology, develop new products and services, and make acquisitions and investments. Meituan services include online food delivery, bookings, ride-hailing, and ticketing services.

Cloud-based financial planning company Anaplan Inc. intends to raise up to $100 million through an IPO to meet the working capital and fund operations. The company has roped in former Tesla (TSLA) CAO David Morton as its CFO. It is currently working with an exchange to list the shares under the “PLAN” ticker. It was founded in 2006 as a cloud-based business planning and performance management platform based on a single hub.

Auto giant Volvo has postponed its plan for public listing due to global trade tensions as reports confirmed that President Donald Trump’s trade war could hurt its valuation. Volvo is also witnessing an interruption to its business due to the resumption of the global trade war between the US and China.

Industrial steel pipe and tube products maker Zekelman Industries plans for an IPO of 41.75 million shares at $17 to $19 per share to raise about $752 million. The shares will be listed on both the NYSE and Toronto Stock Exchange under ‘ZEK’ ticker. The company has an annual production of about 2.1 million tons, backed by the 13 pipe and tube production facilities in seven US states and one Canadian province.

Aston Martin intends to get listed on the London Stock Exchange (LSE) later this year. This could value the company at around $6 billion. The carmaker, made famous by James Bond franchise, plans to float about 25% of the company. The offering would consist of about $1.29 billion or more of shares.

SurveyMonkey inched closer to a public listing as the survey software provider filed to raise $100 million in a stock sale. SurveyMonkey plans to use the proceeds to lower the tax obligations from a restricted stock unit settlement, as well as for working capital and general purposes. The company intends to list its common shares under the ticker “SVMK”.

Chinese carmaker Nio Inc. (NIO) had its IPO on September 12, becoming the first Chinese electric vehicle manufacturer to go public in the US. Nio priced its initial public offering at $6.25 to raise about $1 billion. Dubbed ‘Chinese Tesla’, Nio is expected to give a stiff competition EV sector.

Funding Circle Holdings is inching closer to a public listing as the company plans to raise gross proceeds of about 300 million pounds. Shares will be listed on the London Stock Exchange. Funding Circle is a small and medium enterprise loans platform with operations in the UK, US, Germany, and the Netherlands.

Chinese mobile content aggregator Qutoutiao Inc. (QTT) priced its initial public offering of 12 million shares at $7 per American Depository Share to raise about $84 million. The company’s shares started trading on Nasdaq under the ticker “QTT” on Friday. Qutoutiao, which serves clients in China, offers a platform that provides entertainment content.

Biopharmaceutical company Biotech Arvinas Inc. intends to offer 6.7 million shares at a price range of $14 to $16 a share. The company plans to list its shares on Nasdaq as “ARVN”. The company is developing a technology platform to engineer proteolysis targeting chimeras, or PROTACs, that are designed to harness the body’s own natural protein disposal system to remove disease-causing proteins.

Navios Maritime Containers Inc., which provides container services to the maritime industry, ceased its plan for an IPO on the Nasdaq. The company will request its stock to resume trading on the N-OTC or Norwegian Over the Counter Market exchange on September 17.

Most Popular

HPE Earnings: Hewlett Packard Q1 2024 profit drops but beats Street view

Information technology solutions provider Hewlett Packard Enterprise (NYSE: HPE) on Thursday reported lower earnings and revenues for the first quarter of 2024. Earnings, however, exceeded analysts’ forecasts. First-quarter profit, excluding

After entering FY24 on a high note, Costco is all set to report Q2 results

Costco Wholesale Corporation (NASDAQ: COST) stands out in the retail space for its unique business model that enables the warehouse behemoth to grow store traffic and market share constantly. Currently,

Hormel (HRL) expects continued momentum from its foodservice business in FY2024

Shares of Hormel Foods Corporation (NYSE: HRL) soared over 13% on Thursday after the company delivered better-than-expected earnings results for the first quarter of 2024 and reaffirmed its outlook for

Comments

  1. Pingback: Beverly Bultron
  2. Pingback: Worldwide ranking
  3. Pingback: ??????? ??????????
  4. Pingback: Corona crisis
  5. Pingback: Finance program
  6. Pingback: Dental Workshops
  7. Pingback: fue
  8. Pingback: binario luci led
  9. Pingback: cage mma
  10. Pingback: ikaria juice
  11. Pingback: Fiverr Earn
  12. Pingback: Fiverr Earn
  13. Pingback: Fiverr Earn
  14. Pingback: Fiverr Earn
  15. Pingback: ikaria juice buy
  16. Pingback: weather today
  17. Pingback: dog breed
  18. Pingback: exotic bully
  19. Pingback: jute vs sisal rug
  20. Pingback: blockchain
  21. Pingback: sorority necklaces
  22. Pingback: clima hoy ny
  23. Pingback: best mobile phone
  24. Pingback: future university
  25. Pingback: future university
  26. Pingback: future university
  27. Pingback: FiverrEarn
  28. Pingback: Piano disposal
  29. Pingback: FUE
  30. Pingback: FUE
  31. Pingback: FUE
  32. Pingback: FUE
  33. Pingback: Reliable movers
  34. Pingback: Classic Books 500
  35. Pingback: FiverrEarn
  36. Pingback: Fiverr
  37. Pingback: partners
  38. Pingback: fortbite reviews
  39. Pingback: Economics
  40. Pingback: FiverrEarn
  41. Pingback: live sex cams
  42. Pingback: FiverrEarn
  43. Pingback: FiverrEarn
  44. Pingback: FiverrEarn
  45. Pingback: FiverrEarn
  46. Pingback: FiverrEarn
  47. Pingback: FiverrEarn
  48. Pingback: FiverrEarn
  49. Pingback: digital marketing
  50. Pingback: Situs Slot Online
  51. Pingback: Kuliah Termurah
  52. Pingback: FiverrEarn
  53. Pingback: cheap sex cams
  54. Pingback: fullersears.com
  55. Pingback: live sex cams
  56. Pingback: live sex cams
  57. Pingback: rare breed-trigger

Comments are closed.

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top