Initial Public Offering (IPO)

Kimberly Redmond | |

Money remittance company Remitly Global Inc is seeking a valuation of nearly $7 billion in its US initial public offering (IPO).

In a filing Tuesday with the US Securities and Exchange Commission (SEC), the fintech said it plans to offer 7 million shares at a price range of $38 to $42 per share, with certain existing shareholders selling about 5.2 million shares.

Kimberly Redmond | |

Customer support platform Freshworks Inc disclosed on Monday it is aiming for a valuation of up to $9 billion in its US initial public offering (IPO).

The California-based software-as-a-service (SaaS) startup said in a filing with the US Securities and Exchange Commission (SEC) it plans to sell 28.5 million shares at a price range of $28 to $32 per share.

Kimberly Redmond | |

Rivian, an electric vehicle startup backed by Inc (Nasdaq: AMZN), BlackRock Inc (NYSE: BLK) and Ford Motor Company (NYSE: F), announced via press release Friday that it has filed a draft registration statement confidentially with the US Securities and Exchange Commission for an initial public offering (IPO).

Bloomberg News reported that Rivian expects the offering to be available by late November and is targeting an $80 billion valuation, while The New York Times said the company is looking for $70 billion.

Kimberly Redmond | |

The US Securities and Exchange Commission (SEC) has begun issuing new reporting requirements to Chinese companies seeking to list in US markets in order for investors to be better informed of political and regulatory risks.

Citing people familiar with the matter, Reuters reported on Monday that the SEC is asking Chinese companies for details about the offshore vehicles known as variable interest entities (VIEs) that are used to list in the US, including disclosure about the implications for investors who purchase these VIEs rather than traditional common stock.

Kimberly Redmond | |

PharmaCann, one of the largest medical marijuana companies in the US, plans to go public this fall in a deal that could value the company well in excess of $1 billion.

Citing sources familiar with the matter, Reuters reported on Monday that the Chicago-based company is likely to dual-list its shares on the Canadian Securities Exchange (CSE) and on the US over-the-counter market.

Reuters | |

Digital lender Kakao Bank Corp made a stunning debut on Friday, surging 79% from its IPO price to become South Korea's biggest financial services firm by market value.

It is the first online-only bank in Asia to go public, according to a person who worked on the deal - a milestone that has prompted frenzied demand, particularly as Chinese listings have fallen out of favour in the wake of regulatory crackdowns.

AP News | |

Robinhood’s stock will begin trading Thursday on Wall Street, the very place the online brokerage has rattled with its stated goal of democratizing finance.

Through its app, Robinhood has introduced millions to investing and reshaped the brokerage industry, all while racking up a long list of controversies in less than eight years.

Kimberly Redmond | |

Dole plc, the massive fruit and vegetable distributor formed earlier this year from the merger of Total Produce plc (OTC: TTPPF) and Dole Foods Company, has cut the price range for its upcoming initial public offering (IPO) in the US.

In a revised SEC Form F-1 filing, Ireland-headquartered Dole said it plans to price shares between $16 and $17 apiece, revised from the previously stated range of $20 to $24 per share.

Reuters | |

Chinese ride hailing company Didi Global Inc raised $4.4 billion in its U.S. IPO, pricing it at the top of its indicated range and increasing the number of shares sold, the company said.

Didi sold 316.8 million American Depository Shares (ADS), versus the planned 288 million, at $14 apiece.

Reuters | |

Wall Street's record-breaking run for stock market flotations shows no signs of slowing down.

With more than six months until the year ends, U.S. initial public offerings have already totaled $171 billion, eclipsing the 2020 record of $168 billion, according to data from Dealogic.