Category: IPO
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Wiz appoints CFO with IPO on the horizon
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After extensive research and a series of interviews, it has become the most valuable private technology company in Israel Wiz He appointed an experienced CFO. Fazal Merchant has been named CFO and president of the cybersecurity company, which last July rejected a $23 billion takeover offer from Google. Merchant gained…
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Elad Software Systems files for TASE IPO
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After two barren years, this week Elad Software Systems Limited It has filed a preliminary prospectus for an initial public offering on the Tel Aviv Stock Exchange (TASE) for 2025. The IT services company has made headlines twice over the past year due to malfunctions in its Chameleon medical file…
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Seven Billionaire Founders Rode India’s IPO Boom in 2024
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Breadcrumb links BMN Business A busy year for initial public offerings (IPOs) in India has catapulted seven entrepreneurs onto the billionaires list, many of them early adopters in the country’s booming renewable energy sector. Article writer: Bloomberg News Advait Palepu Published on January 02, 2025 • Last updated 1 hour…
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NextVision up over 1,000% since 2021 TASE IPO
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NextVision Stable Systems (TASE: NXSN) has undoubtedly delivered record returns from all the flood of tech stocks holding IPOs in 2021. The Raanana-based company’s share price rose 11% yesterday to give it a record market value of NIS 4.7 billion. The stock price has risen 11.5 times (including earnings) since…
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eToro aims at $5b IPO valuation
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At the end of last week, Bloomberg reported that Israeli online trading platform eToro was considering an initial public offering in New York, and to that end had hired investment bank Goldman Sachs. Sources told Globes that the company is aiming for a $5 billion valuation. This wouldn’t be the…
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Snyk CEO favors Wall Street IPO in 2026
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Israeli code security company Snyk reported an expected annual recurring revenue (ARR) of $300 million, but prefers to wait with IPO plans until at least 2026, company CEO Peter McKay told TechCrunch. Earlier this year, there were reports that Snake had filed a confidential prospectus with the SEC regarding a…
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Circle CEO Says IPO Plans Remain Active Amidst Possible Troubles For Tether
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Jeremy Allaire, CEO of Circle, confirmed that the stablecoin issuer remains committed to launching an initial public offering (IPO). Interestingly, these comments came amid a controversial report about Tether, Circle’s biggest competitor. Circle’s financial position is strong, and no additional money is needed, says Circle Boss in Interview with Bloomberg…
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Kenyan investors locked out of Ethiopian telco IPO
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Investors from Kenya and other East African countries have been banned from participating in the ongoing initial public offering of state-owned Ethio Telecom in Ethiopia. This comes after a decision to restrict sales to Ethiopian citizens. Kenyans have been able to participate in other regional IPOs, including telecom companies in…
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Kenyan investors locked out of Ethiopian telco IPO
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Investors from Kenya and other East African countries have been banned from participating in the ongoing initial public offering of state-owned Ethio Telecom in Ethiopia. This comes after a decision to restrict sales to Ethiopian citizens. Kenyans have been able to participate in other regional IPOs, including telecom companies in…
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Former Asda boss Mohsin Issa invests £10m in sports supplement firm ahead of London IPO
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Billionaire retail tycoon Mohsin Issa, the former chief executive and co-owner of Asda, has made his first major investment since stepping down from the supermarket giant, investing £10m in Liverpool-based sports supplements company Applied Nutrition. The company is preparing to offer its shares for public subscription on the London Stock…
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Republican Party’s top bank Chain Bridge raises $41 million in US IPO By Reuters
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(Reuters) – Series Bridge Bancorp Bank of America (NASDAQ:), a bank popular among Republicans since its inception, priced its U.S. initial public offering at $22 a share on Thursday to raise $40.7 million. The bank sold 1.85 million shares in the IPO, with an estimated value of about $141 million.…
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Exclusive-Online retailer Shein to hold roadshows soon ahead of London IPO, sources say By Reuters
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By Julie Chu, Amy Jo Crowley, and Hadeel Al-Sayegh HONG KONG/LONDON (Reuters) – Sheen is set to hold informal investor meetings in the coming weeks on its planned London initial public offering (IPO), pushing ahead with preparations while it awaits approval from UK regulators, three sources familiar with the matter…
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Republican Party’s top bank, Chain Bridge, aims for $167 million valuation in US IPO By Reuters
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Written by Niket Nishant and Manya Saini (Reuters) – Series Bridge Bancorp (NASDAQ:), a bank that has been popular among Republicans since its inception, is targeting a valuation of up to $167 million in its US initial public offering. The IPO, which is relatively uncommon in the banking sector, comes…
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99 Speed Mart IPO crowns polio survivor as Malaysia’s newest billionaire
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Lee Thiam Wah’s first venture into retail was selling snacks from a roadside stall in Malaysia. Decades later, the entrepreneur has turned that humble beginning into a sprawling retail empire with more than 2,600 grocery stores across the country. Today, the 60-year-old is a billionaire after his company 99 Speed…
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Newsmax plans an IPO | Fortune
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Ten years after its launch on cable networks, conservative news channel Newsmax is heading to the stock market. Newsmax Inc. has confidentially filed an initial public offering with the Securities and Exchange Commission, the company Announced this weekThe company hopes to raise $75 million and plans to trade on the…
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Klarna slashes 1,000 jobs as AI reshapes business ahead of IPO
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Klarna, a leading “buy now, pay later” fintech, has cut more than 1,000 jobs as part of a strategic shift towards artificial intelligence, with more cuts expected ahead of a potential initial public offering. The Swedish fintech, which booked a loss of SEK2.33bn (£173m) in bad loans in the first…
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Japanese crypto exchange Bitbank eyes IPO on Tokyo Stock Exchange
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Cryptocurrency exchange Bitbank is preparing for an initial public offering on the Tokyo Stock Exchange, becoming the second Japanese crypto exchange to seek regulatory approval for an IPO. Bitbank Inc., a Japanese cryptocurrency exchange, is looking to go public as part of its strategy to expand its market presence and…
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Japanese crypto exchange Bitbank eyes IPO on Tokyo Stock Exchange
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Cryptocurrency exchange Bitbank is preparing for an initial public offering on the Tokyo Stock Exchange, becoming the second Japanese crypto exchange to seek regulatory approval for an IPO. Bitbank Inc., a Japanese cryptocurrency exchange, is looking to go public as part of its strategy to expand its market presence and…
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Defense IT co TSG raises NIS 62m in TASE IPO
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TSG Group, which makes advanced IT systems for the defense industry, raised NIS 62 million in an initial public offering on the Tel Aviv Stock Exchange (TASE) at a valuation of NIS 462 million, post-money. TSG is equally owned by Israel Aerospace Industries and Formula Systems (TASE: FORTY) and is…
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Fidelity, Nomura line up bids for Ola Electric’s India IPO, sources say By Reuters
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Written by Aditya Kalra NEW DELHI (Reuters) – The initial public offering of Indian e-scooter maker Ola Electric, backed by SoftBank, will attract bids from investors including Fidelity, Nomura and Norway’s Norges Bank as well as several Indian investment funds, two sources familiar with the matter told Reuters. Ola Electric,…