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Klarna targets up to $14 billion valuation in US IPO

Sequoia Capital-backed Klarna said today it was aiming for a US listing valuing the fintech at up to $14 billion, moving it closer to its long-awaited market debut as investor appetite in high-growth tech stocks revives after a years-long dry spell.

Business • 02 Sep

Global IPO market recorded 539 listings in first half

The global IPO market recorded 539 listings in the first six months of the year, raising $61.4 billion.

Business • 25 Jul

Shein to file confidentially for Hong Kong IPO

China-founded fast-fashion retailer Shein plans to file a draft prospectus confidentially for its Hong Kong listing, marking a rare departure from the usual practice of companies making public filings of IPO documents, three sources with knowledge of the matter said.

Business • 30 Jun

The latest EY Global IPO Trends Report shows that a total of 291 IPOs raised $29.3 billion in the first quarter of 2025

Global IPOs up despite uncertainty on financial markets

Despite challenging circumstances global IPO markets showed resilience in the first quarter of 2025, with an increase in both deal volume and value globally.

Business • 28 Apr

Stockholm-headquartered Klarna is best known for its buy-now pay-later products

Klarna IPO filing spurs hope of British fintech listings

Klarna's upcoming US initial public offering could help unlock a pipeline of British fintech flotations after a barren period for new technology listings, investors and lawyers, an executive has told Reuters.

Business • 24 Mar

Shein is under pressure to cut its valuation to about $30 billion, reports suggest

Shein faces pressure to cut valuation to $30bn - report

Online fast-fashion retailer Shein is under pressure to cut its valuation to about $30 billion ahead of its London listing, Bloomberg News reported today, citing people familiar with the matter.

Business • 17 Feb

Shein was aiming to go public in London in the first-half of this year, assuming it secured approvals from regulators in the UK and China

Shein's IPO to be delayed to second-half, FT reports

Fast-fashion group Shein's plans to list in the UK stock market are likely to be postponed to the second-half of this year after Donald Trump's move to close so-called "de minimis" rules, the Financial Times reported today.

Business • 14 Feb

The blockbuster London float is expected to value the retail giant at around £50 billion

Shein targets London stock market float in early 2025

Shein is targeting a London stock market float early next year, according to reports.

Business • 18 Nov 24

EMEIA recorded 394 deals in the first three quarters of 2024, up 36% on the same period in 2023

EMEIA maintains top position in Global IPO market - EY

Europe and EMEIA (the Middle East, India, and Africa) have maintained their position as the leading IPO market globally in the first three quarters of 2024, according to the latest EY Global IPO Trends report.

Business • 08 Nov 24

Tokyo Metro is Japan's largest initial public offering in six years

Tokyo Metro on market fast track with 45% jump in debut

Tokyo Metro's shares shot up 45% in their market debut today after Japan's largest initial public offering in six years bagged it $2.3 billion with the lure of sizeable dividends.

Business • 23 Oct 24

The listing in Mumbai is Hyundai Motor's first such debut outside its home market of South Korea and comes at a time when India's equity markets have risen sharply.

Hyundai India drops 6% on debut after record IPO

Hyundai Motor India's shares dropped 6% in their market debut today, after a tepid response from retail investors to the country's largest ever initial public offering over its pricing.

Business • 22 Oct 24

Tokyo Metro operates nine subway lines and carried an average 6.5 million passengers daily during the last fiscal year

Tokyo Metro's IPO is Japan's biggest in six years

Tokyo Metro raised 348.6 billion yen ($2.3 billion) in Japan's largest initial public offering in six years after pricing its IPO at the top of its range, a regulatory filing from the company showed today.

Business • 15 Oct 24

Hyundai India's IPO in Mumbai today will be world's second biggest IPO in 2024

Hyundai India starts country's largest ever share sale

Hyundai India will start taking orders for its $3.3 billion initial public offering in Mumbai today, the company said in regulatory filings, a deal that will be the country's largest ever share offering and world's second biggest IPO in 2024.

Business • 14 Oct 24

The six-month pre-IPO educational programme offers interactive workshops, international networking events with peers, investor pitches and tailored mentoring sessions for CEOs and CFOs of scaling Irish companies

Euronext Dublin's recruitment drive for Euronext IPOready

Euronext Dublin, formerly the Irish Stock Exchange, has launched the latest recruitment drive for Euronext IPOready, which helps Irish SMEs go public.

Business • 05 Sep 24

MTS Bank is the fintech arm of Russia's leading mobile phone operator MTS

Russia's MTS Bank announces rare IPO in push for growth

MTS Bank, the fintech arm of Russia's leading mobile phone operator MTS, said today it would hold an initial public offering (IPO), a rare occurrence for Russian banks hit with Western sanctions.

Business • 12 Apr 24

Galderma's products includes Cetaphil, a product for damaged and sensitive skin

Galderma sets its IPO price at top of range

Skin care company Galderma said today it had set the final price for its initial public offering (IPO) at 53 Swiss francs ($59.86) per share, at the top of its announced range, implying a market capitalisation of 12.6 billion francs at listing.

Business • 21 Mar 24

The San Francisco, California-based company priced its IPO at the top end of the $31 to $34 range.

Reddit shares open 38% above IPO price

Reddit's shares opened 38% above the initial public offering price in their debut on the New York Stock Exchange today, valuing the social media platform at $8.87 billion.

Business • 21 Mar 24

Skincare company Galderma announced its initial public offering last week and said proceeds will be used to pay down debt

Galderma announces price range for $2.6 billion flotation

Skincare company Galderma was on course to raise 2.3 billion ($2.6 billion) Swiss francs from its upcoming initial public (IPO) offering after a positive response from potential investors.

Business • 13 Mar 24

Reddit's IPO, a litmus test for investors' appetite for new listings, will come more than two years after the company began preparations to go public

Reddit targets up to $6.4 billion valuation in US IPO

Reddit is aiming for a valuation of up to $6.4 billion in its US initial public offering (IPO), the social media platform said today, as it nears one of the most-anticipated stock market debuts of the last few years.

Business • 11 Mar 24

Galderma announces $2.3 billion float on Swiss exchange

Galderma intends to raise roughly $2.3 billion when it floats on the Swiss stock exchange, the skin care company said today in what is likely to be one of the biggest initial public offerings (IPO) in Europe this year.

Business • 06 Mar 24

Reddit said it had an average of 73.1 million daily active users and 267.5 million weekly active users in the three months ended December 31, 2023

Reddit's US IPO filing reveals $90.8m losses in 2023

Reddit has disclosed that its net loss narrowed to $90.8m and revenue growth was roughly 21% in 2023, as the social media company made its IPO filing public in the run-up to its highly anticipated planned US stock market debut in March.

Business • 23 Feb 24

Reddit's IPO, which has been in the works for over three years now, would be the first from a major social media company since Pinterest's debut in 2019

Reddit plans to reserve shares for its big users in IPO

Social media platform Reddit plans to sell a chunk of its IPO shares to its platform's users, the Wall Street Journal reported today.

Business • 21 Feb 24

Greece's privatisation agency (HRADF) is selling 90 million shares in the country's biggest IPO since its 2010-2018 debt crisis

Athens airport IPO attracts strong demand

The initial public offering of a 30% stake in Athens International Airport, Greece's largest gateway for tourists, attracted strong demand, the airport said today, marking the first successful launch of a major IPO in Europe this year.

Business • 02 Feb 24

Reddit became best known for its niche discussion groups and its users voting 'up' or 'down' on content posted by other members

Reddit seeks to launch IPO in March - sources

Social media platform Reddit has drawn up detailed plans to launch its initial public offering (IPO) in March, moving forward with a listing it has been eyeing for more than three years, according to people familiar with the matter.

Business • 18 Jan 24

The German premium footwear company will make a final decision on pricing its IPO at the top of its $44-to-$49-per-share range tomorrow

Birkenstock eyes pricing IPO at top of range - sources

Birkenstock Holding has secured enough commitments from investors to price its US initial public offering (IPO) at the top of its indicated range and attain a $10 billion valuation, aaccording to people familiar with the matter.

Business • 09 Oct 23