Category: flotation
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Issa brothers consider £13bn flotation of EG group in the US
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British petrol station tycoons Mohsin and Zubair Issa are considering a potential £13bn listing of their front office empire, EG Group, on the US stock market. This step will represent another blow to the London Stock Exchange, which has been affected by a large group of prominent companies that chose…
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SaverOne loses over 99% of flotation value
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Petah Tikva-based technology company SaverOne (TASE: SVRE, Nasdaq: SVRE) was considered promising when it floated on the Tel Aviv Stock Exchange in the summer of 2020, at a pre-cash valuation of NIS 87 million. The company, founded in 2014 and headed by Uri Gilboa, is developing technology designed to prevent…
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Raspberry Pi shares surge after strong first update since flotation
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Raspberry Pi, the British maker of affordable microcomputers, reported stronger-than-expected profits in its first financial update since going public on the London Stock Exchange in June. The company, which raised £178.9m through its initial public offering and joined the FTSE 250 index, saw its sales rise 61% year-on-year to $144m…