Gemini stock price had a highly volatile first day as a publicly traded company. It initially popped to $45 after the much-anticipated Initial Public Offering (IPO) and then ended the day at $32. ...

Group 1: IPO Market Overview - The post-Labor Day IPO market is experiencing a resurgence, driven by clarity on trade policy, a summer rally in growth stocks, and the potential for rate cuts [1] - Renaissance Capital anticipates the fastest pace of deal activity since 2021, with expectations of 40 to 60 sizable IPOs by year-end [2][1] Group 2: StubHub IPO Details - StubHub has refiled its IPO paperwork and plans to sell approximately 34 million shares at a price range of $22 to $25 each, potentially raising up to $850 million [5][6] - The company's valuation is estimated at $9.2 billion, significantly lower than its previous valuation of $16.5 billion in late 2021 [6] Group 3: StubHub Financial Performance - StubHub reported gross merchandise sales of $8.7 billion in 2024, a 27% increase from the previous year, with over 40 million tickets sold [7] - In the first half of 2025, StubHub's revenue rose 3% year-over-year to $827.9 million, but the net loss widened to $76 million from $24 million in the same period of 2024 [8] Group 4: IPO Performance Insights - The average first-day return for IPOs in 2025 has been strong, at 26%, marking the highest since 2020 [10] - Despite strong first-day performance, returns after the first day for the first year have generally been weak, indicating potential volatility in the IPO market [10]

Group 1: IPO Overview - The capital markets regulator SEBI has approved six initial public offerings (IPOs) that will collectively raise approximately ₹12,500 crore [1] - Canara Robeco Asset Management Company will conduct a complete offer for sale of 4.98 crore equity shares, with Canara Bank diluting 2.59 crore shares and ORIX Corporation Europe NV offering 2.39 crore shares [1] Group 2: Fund Profiles - Canara Robeco manages 25 schemes, including 12 equity schemes, 10 debt schemes, and three hybrid schemes, with a quarterly average AUM of ₹1,083.66 billion as of December-end [2] - Hero Motors plans to raise ₹1,200 crore through its IPO, consisting of fresh issuance of shares worth ₹800 crore and an offer-for-sale of shares worth up to ₹400 crore by promoters [2] - Manipal Payment and Identity Solutions has confidentially filed a Draft Red Herring Prospectus (DRHP) for an IPO that includes both an offer-for-sale and fresh share issuance [3] Group 3: Capital Use and Company Focus - A significant portion of the capital raised by Manipal Payment and Identity Solutions will be utilized to reduce debt at the promoter entity level [4] - Pine Labs aims to raise ₹2,600 crore through the issuance of new shares, while existing shareholders will sell 14.78 crore equity shares via offer-for-sale [5] - Orkla India will conduct an IPO comprising an offer for sale of 2.28 crore equity shares by promoters and other shareholders [6] - Emmvee Photovoltaic Power plans to raise ₹3,000 crore, with promoters selling shares worth ₹856 crore and the company issuing fresh shares worth ₹2,144 crore [6]

US-based boutique coffee chain Black Rock Coffee Bar has unveiled the pricing of its initial public offering (IPO) at $20 per share. The company is offering around 14.7 million shares of Class A common stock to the public. In addition, Black Rock Coffee Bar has provided underwriters a 30-day opportunity to acquire up to an additional 2.2 million shares at the IPO price, less underwriting discounts and commissions. Last month, the company submitted a Form S-1 registration statement to the US Securities a ...

India's markets regulator has approved the initial public offering of Pine Labs , a document on its website showed. ...

Core Viewpoint - ALEC Holdings, a Dubai-based engineering and construction group, plans to list 20% of its share capital on the Dubai Financial Market through an IPO, with the offering opening on September 23 and closing on September 30 [2][3]. Group 1: IPO Details - The Investment Corporation of Dubai (ICD) will sell one billion shares in the offering, retaining the right to amend the size of the offering before the end of the subscription period [3]. - Shares are expected to begin trading on or around October 15 under the ticker "ALEC" [3]. - The IPO will be open to individual subscribers, professional investors outside the United States, and eligible employees of ALEC and ICD [4]. Group 2: Company Performance - ALEC reported revenue of Dhs8.1 billion in 2024, up from Dhs6.3 billion in 2023, with H1 2025 revenue hitting Dhs5.4 billion [5]. - Net income reached Dhs363 million in 2024, compared to Dhs238 million in 2023, and the backlog stood at Dhs35.4 billion as of June 30 [5]. Group 3: Future Plans and Strategy - ALEC intends to pay a cash dividend of Dhs200 million in April 2026 and Dhs500 million for the 2026 financial year, with a minimum payout ratio of 50% of net profit thereafter [6]. - The Chairman stated that the IPO is a natural next step in ALEC's journey, emphasizing the company's strong reputation and market position [6]. - The CEO highlighted the IPO as a reflection of ALEC's growth and opportunities in the UAE and Saudi Arabia, with a clear strategy to expand its leadership in the UAE and target high-profile Saudi giga-projects [6]. Group 4: Financial Advisors - Emirates NBD Capital and J.P. Morgan are joint global coordinators and joint bookrunners for the IPO [7]. - Abu Dhabi Commercial Bank and EFG-Hermes are also joint bookrunners, while Moelis & Company UK LLP DIFC Branch serves as an independent financial adviser [8].

Core Insights - Wall Street has seen a significant rebound in initial public offerings (IPOs), with seven companies going public in a week, raising over $100 million each, totaling $4.4 billion, the highest since November 2021 [1][2] IPO Activity - The total proceeds from traditional IPOs this year have reached $25 billion, marking the highest level since 2021 [2] - The recent IPOs include a variety of companies such as a Swedish buy now, pay later lender, a blockchain mortgage platform, a coffee chain, and a crypto exchange founded by the Winklevoss twins [3] Recent Listings - Notable recent IPOs include Gemini Space Station, Black Rock Coffee Bar, Via Transportation, and Legence, with Gemini raising $425 million and its stock up 18% [5][6] - Black Rock Coffee Bar, Via, and Legence raised $294 million, $493 million, and $728 million respectively, with their stocks increasing by 45%, 3%, and 8% [6] Market Trends - The IPO market has become very active post-Labor Day, with road shows being the busiest since mid-2021 [7] - Earlier in the week, Klarna and Figure Technology Solutions went public, raising $1.37 billion and $787.5 million respectively, with their stocks showing mixed performance [8] Future Projections - Renaissance Capital projects about three to five IPOs per week for the next two months, although they do not expect another week with as many large deals [4]

Shares of Gemini Space Station Inc. GEMI surged 32.2% during their first day of trading on Friday, bringing the cryptocurrency exchange’s total value to $4.4 billion and signaling a renewed interest from investors in digital assets.Check out the current price of GEMI stock here. Strong Market Opening Above IPO PriceThe company's shares debuted at $37.01, significantly higher than the initial public offering price of $28. Gemini raised $425 million by selling around 15.2 million shares, according to a Reuter ...

Gemini Space Station Inc., the crypto exchange founded by Cameron and Tyler Winklevoss, has gone live on Nasdaq today. The company aimed to raise as much as $425 million through its initial public offering, pricing 16.7 million shares between $24 a share and $26 a share. However, market sources told Bloomberg that the IPO was 20 times oversubscribed. Tyler Winklevoss and Cameron Winklevoss of Gemini Space Station Inc.Getty Images Critics cite risks in Gemini One investor expressed concern about the co ...

Company Overview - StubHub, a ticket reseller, has experienced significant demand for its upcoming IPO, with over 20 times as many orders as available shares, indicating strong investor interest in tech-heavy consumer platforms [1] - The company is targeting a valuation of up to $9.2 billion and aims to raise up to $851 million by offering 34 million shares priced between $22 and $25 each [3] Market Context - StubHub had previously postponed its IPO roadshow due to market volatility caused by U.S. tariffs, which affected global markets and dealmaking [2] - Recent trends show a resurgence in U.S. IPOs, with various companies successfully tapping public markets amid record high equity markets and reduced tariff concerns [2] Historical Background - StubHub was co-founded in 2000 by Jeff Fluhr and current CEO Eric Baker, who left the company before its $310 million sale to eBay in 2007 [4] - In 2020, viagogo, a rival ticket reseller founded by Baker, acquired StubHub from eBay for $4.05 billion [4] Underwriting and Listing - J.P. Morgan and Goldman Sachs are the lead underwriters for StubHub's IPO [4] - The company plans to list on the New York Stock Exchange under the ticker symbol "STUB" [4]