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Canara HSBC Life aims to raise $300 million in IPO
BusinessLine· 2025-09-30 09:54
Canara HSBC Life Insurance Co. has kicked off investor roadshows ahead of its initial public offering planned for the first half of October, according to people familiar with the matter. The insurer, owned by Canara Bank, Punjab National Bank, and the local insurance unit of HSBC Group, is seeking to raise as much as $300 million, the people said, asking not to be identified as the information is private. Deliberations are still ongoing, and details including the IPO size and timing could change, the people ...
Hong Kong's huge year of IPOs continues, with annual crown all but assured
Yahoo Finance· 2025-09-30 09:30
Funds raised from new share sales in Hong Kong jumped 220 per cent in the first nine months of 2025, strengthening the local stock exchange's grip on the top spot in the global rankings, while analysts predicted that the initial public offering (IPO) market would continue to pop well into next year. A total of 66 companies raised US$23.27 billion on the main board of the Hong Kong stock exchange during the first nine months, according to data released on Tuesday by the London Stock Exchange Group (LSEG). ...
Jennifer Garner's baby food company Once Upon a Farm files for IPO on NYSE
CNBC· 2025-09-29 22:46
Company Overview - Once Upon a Farm, founded in 2015 by Cassandra Curtis and Ari Raz, specializes in nutritious food products for babies and children, with a mission to provide convenient and healthy options [3] - The company offers over 115 organic, non-GMO products that are free from added sugars, artificial flavors, colors, and preservatives, including refrigerated pouches, oat bars, frozen meals, and pantry snacks [4] IPO Announcement - Once Upon a Farm has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) to list its common stock under the ticker "OFRM" on the New York Stock Exchange, pending approval [1] - Goldman Sachs and J.P. Morgan are acting as joint lead underwriters for the proposed offering [2] Financial Performance - The company reported a 66% increase in six-month revenue as of June 30, according to its IPO filing [2] - Despite the revenue growth, the company acknowledged a "history of losses" and uncertainty regarding future profitability [2] Product Pricing - A 15-pack of the best-selling Dairy-Free Smoothie Variety Pack retails for $61.50 [4]
Fintech platform Wealthfront files for US IPO
Reuters· 2025-09-29 20:51
Group 1 - Wealthfront, an automated digital wealth management firm, has filed for an initial public offering (IPO) in the United States [1]
Why JD.com Stock Popped on Monday
Yahoo Finance· 2025-09-29 16:19
Key Points Shares rose Monday morning as reports surfaced that JD's industrial services arm is preparing a Hong Kong IPO. The broader market was higher, with the S&P 500 and Nasdaq both up, adding a tailwind for growth names. Even after the bounce, JD trades at a low P/E and a 0.3 price-to-sales multiple. 10 stocks we like better than JD.com › Shares of JD.com (NASDAQ: JD) climbed as much as 3% as of 11 a.m. ET on Monday. The move came as investors reacted to fresh headlines about an initial publ ...
Amazon-backed aerospace startup Beta Technologies files for US IPO
Reuters· 2025-09-29 12:59
Aerospace startup Beta Technologies filed for an initial public offering in the United States on Monday, the latest company to join the rush to tap a record-breaking bull run in the equity market. ...
Former Energy Secretary Rick Perry's Fermi aims to raise $715 million in US IPO
Reuters· 2025-09-29 12:13
Group 1 - Fermi is targeting to raise $715 million in its upsized U.S. initial public offering [1] - The company aims to capitalize on the increasing demand for energy infrastructure [1]
Revolut Weighs $75B Dual Listing in London and New York: Sunday Times
Yahoo Finance· 2025-09-29 09:22
Core Insights - Revolut, one of Europe's most valuable startups, is considering a dual listing in London and New York for its initial public offering (IPO), which could be a significant event for both markets [1] - The company is currently valued at approximately $75 billion and has a global user base of 65 million, with 12 million users in the U.K. [2] - CEO Nik Storonsky has previously been hesitant about a London listing due to the 0.5% stamp duty on share trading, but recent regulatory changes may influence this decision [3] Company Overview - Revolut started as a travel-focused prepaid card and has diversified into stock and crypto trading, hotel bookings, and business accounts [2] - The firm has raised a total of $3.77 billion since its inception and was aiming to raise $1 billion at a $65 billion valuation earlier this year [2] Regulatory Environment - New rules introduced this month allow large firms to enter the FTSE 100 within just five days of listing, potentially increasing demand from index-tracking funds and enhancing liquidity [3] - The recent opening of Revolut's new headquarters in London was attended by notable figures, indicating the company's commitment to the U.K. market [4]
JingDong Industrials aims to raise $500 million in Hong Kong IPO, sources say
Yahoo Finance· 2025-09-29 07:05
Core Viewpoint - JingDong Industrials, a subsidiary of JD.com, is planning to raise $500 million through an initial public offering (IPO) in Hong Kong, aiming for completion by November after clearing regulatory hurdles [1][2][3]. Company Overview - JingDong Industrials (JDi) has refiled for a Hong Kong listing after receiving approval from China's securities regulator, marking a significant step after more than two years of planning [2]. - JD.com retains a 79% ownership stake in JDi following its spin-off in 2023 [4]. Financial Performance - In the first half of 2025, JDi reported a revenue increase of 18.9% year-over-year, reaching 10.3 billion yuan ($1.4 billion) [4]. Market Context - The IPO comes at a time when Hong Kong's new listings have surged, totaling $23 billion year-to-date, representing an increase of over 200% compared to the previous year [3]. IPO Coordination - The IPO is being coordinated by major financial institutions including Bank of America, Goldman Sachs, Haitong International Securities, UBS, and Huatai Financial Holdings [5].
Germany's Ottobock expects market valuation up to $4.9 billion in IPO
Reuters· 2025-09-29 06:14
Germany's Ottobock expects a market valuation between 4 and 4.2 billion euros ($4.69 billion - $4.92 billion) at its planned initial public offering (IPO), the company said in a statement on Monday. ...