The South Korean electronics giant secured regulatory approval for its updated draft red herring prospectus on Thursday and is expected to file the final version early next week, sources told Bloomberg. The revised valuation places the company at roughly $9 billion, down from the earlier projection when the IPO papers were first filed in December.Third billion-dollar IPO this yearThis would mark the third billion-dollar IPO after HDB Financial Services and Hexaware Technologies in a year that has already se ...

Group 1 - The article discusses the services provided by IPO Edge, which includes actionable information on growth stocks, first-look IPO filings, previews on upcoming IPOs, an IPO calendar, a database of U.S. IPOs, and a comprehensive guide to IPO investing [1]

Core Viewpoint - Oravel Stays Ltd., operating Oyo Hotels, is preparing for an initial public offering (IPO) in Mumbai, potentially raising up to $800 million, with a company valuation between $7 billion and $8 billion [1][3]. Group 1: IPO Details - The IPO is expected to take place in 2026 and will likely include a combination of new and existing shares [3]. - The company has engaged several banks, including Axis Bank, ICICI Securities, Goldman Sachs, and Citigroup, to facilitate the share sale [2]. - A draft prospectus is anticipated to be filed later this year, with the possibility of adding more banks to the arrangement [2][3]. Group 2: Previous IPO Attempts - Oyo previously filed draft IPO documents in September 2021 for an offering of ₹8,430 crore ($950 million), but the Securities and Exchange Board of India returned the filing in 2023 for updates [4]. Group 3: Financial Performance - In its latest fiscal year, Oyo reported a revenue increase of 16%, reaching ₹6,253 crore, with a net income of ₹240 crore [5]. - As of March 31, the company has served over 100 million customers across 35 countries, with brands including Oyo, Motel 6, Townhouse, Sunday, and Palette [5].

Core Insights - PhonePe has confidentially filed draft papers with SEBI for a public offering, aiming to raise approximately Rs120bn ($1.35bn) [1][3] - The company is targeting a mid-2026 listing, following a valuation of $12bn from private market capital raises in 2023 [3] Company Overview - PhonePe, founded in 2015, is a leading player in India's unified payments interface (UPI) ecosystem, holding over 45% market share by volume [3] - The platform processed 9.15 billion transactions out of a total of 20 billion on UPI in the last month, indicating significant market activity [4] Stakeholder Information - Walmart is the majority stakeholder in PhonePe with an 83.9% share, while General Atlantic holds 5.14% [2] - The proposed offer-for-sale may lead to Walmart, Tiger Global, and Microsoft selling around 10% of their stakes in PhonePe [2] Market Position and User Base - PhonePe has over 600 million registered users and provides payment solutions to more than 40 million merchants [4] - The company is backed by major financial institutions including Mastercard and PayPal Holdings [5] IPO Management - The IPO transaction is being managed by a syndicate of banks, including Kotak Mahindra Capital, Citi, Morgan Stanley, and JP Morgan, with support from Jefferies, Goldman Sachs, Axis Capital, and JM Financial [2]

By Echo Wang NEW YORK (Reuters) -Blackstone is weighing strategic options, including an initial public offering or a sale, for Ancestry.com, the hugely popular platform that helps users trace their genealogical roots, people familiar with the matter said. The buyout firm invited banks to pitch for an IPO of the Lehi, Utah-based company, the people said, asking not to be identified because the information is not public. Requests for proposals were submitted by the banks earlier this week, they added. A p ...

Group 1: IPO Performance - Centurion Accommodation REIT made a strong debut, raising S$771.1 million ($598.8 million), marking Singapore's second-largest IPO this year [6] - The units opened at S$0.98, reflecting an 11.4% increase from the IPO price of S$0.88 per unit [6] - The benchmark Straits Times Index was down 0.2% at the time of trading [6] Group 2: Market Context - Singapore has raised a total of $1.46 billion in IPO proceeds year-to-date, leading Southeast Asia, followed by Indonesia at $1.24 billion and Malaysia at $982.7 million [2] - The Singapore Exchange has seen renewed interest from issuers due to measures introduced in February, including a 20% tax rebate for primary listings [4] - Recent listings include U.S. cybersecurity firm AvePoint, which became the first company to be listed on both Nasdaq and SGX [5] Group 3: Company Background - Centurion Accommodation REIT is backed by Singapore-based Centurion Corp and owns 14 assets across Singapore, the UK, and Australia, with an appraised value of approximately S$1.8 billion [6] - Cornerstone investors for Centurion Accommodation REIT include abrdn Asia, Amova Asset Management Asia, and Value Partners Hong Kong [6]

Figma, Circle, and CoreWeave are just a few names to remind investors that the initial public offering (IPO) market is alive and kicking despite the market challenges in 2025. This opens the door into... ...

Zijin Gold International has delayed the closing of its US$3.2 billion initial public offering (IPO) - the second-largest in Hong Kong this year - to Thursday noon, a day later than previously scheduled, because of the impact of Super Typhoon Ragasa. "As there is a tropical cyclone warning signal No 8 or above in force, and due to extreme conditions caused by the bad weather ... the expected timetable of the global offering as set out in the prospectus and the formal notice will be accordingly postponed," ...

Company Overview - Dhoot Transmission Ltd. is an automotive-parts manufacturer backed by Bain Capital, with a 49% stake held by Bain after an investment in January [2][5] - Founded in 1999 and based in Maharashtra, India, Dhoot produces electronic sensors, automotive switches, cords, and cables for various vehicles and appliances [2][5] - The company operates manufacturing plants not only in India but also in the UK, Slovakia, Thailand, Japan, and South Korea [2][5] IPO Details - Dhoot Transmission Ltd. is preparing for an initial public offering (IPO) in Mumbai, expected to raise approximately $250 million [1][5] - The IPO is likely to include a fresh issue of shares and secondary sales by existing investors, with a potential valuation of up to $1.5 billion [1][5] - The company has appointed four banks, including Axis Bank Ltd. and Kotak Mahindra Bank Ltd., to facilitate the IPO [5] Market Context - Over $10 billion has been raised in Indian IPOs this year, marking a 16% increase compared to the same period in 2024 [5] - Notable IPOs this year include HDB Financial Services Ltd. and Hexaware Technologies Ltd., each raising over $1 billion [5]

Core Viewpoint - ALEC Holdings PJSC is launching an initial public offering (IPO) on the Dubai Financial Market, marking a significant step for the company and the region's construction sector [3][18] Company Overview - ALEC is a diversified engineering and construction group based in Dubai, UAE, and is recognized as one of the largest construction groups in the region [3][18] - The IPO aims to unify private-sector momentum and public investment under a cohesive capital strategy [3] IPO Details - The price range for the IPO is set between Dhs1.35 and Dhs1.40 per share, leading to a market capitalization of Dhs6.75 billion ($1.84 billion) to Dhs7 billion ($1.91 billion) at listing [3][4] - The offering consists of 1 billion shares, representing 20% of ALEC's total share capital, with an offering size between Dhs1.35 billion ($368 million) and Dhs1.40 billion ($381 million) [4] - All shares offered are existing shares, with no new capital being raised by ALEC [4] Shareholder Structure - Post-IPO, the Investment Corporation of Dubai (ICD) will retain an 80% stake in ALEC, maintaining majority control [5] - The IPO is viewed as a strategic monetization of government-backed assets while ensuring long-term control [6] Dividend Policy - ALEC has established a clear dividend policy, projecting a cash dividend of Dhs500 million, which implies a dividend yield of 7.1% to 7.4% based on the IPO price range [7][8] - A cash dividend of Dhs200 million is planned for April 2026, followed by a larger dividend of Dhs500 million for the financial year ending December 31, 2026 [7] Investor Tranches - The IPO is structured into three investor tranches: 1. Individual subscribers (5% of total shares) for retail investors [9] 2. Professional investors (94% of total shares) targeting qualified institutional investors [10] 3. Eligible employees (1% of total shares) for ALEC and ICD employees [11] Timeline and Regulatory Aspects - Subscription opens on September 23, 2025, and closes on September 30, 2025, with the final offer price announced on October 1, 2025, and expected listing on October 15, 2025 [15] - The IPO is subject to market conditions and regulatory approvals from the UAE's Securities and Commodities Authority (SCA) and Dubai Financial Market (DFM) [12] Stability Measures - The IPO includes lock-up provisions to ensure market stability, with a stabilisation mechanism in place for up to 100 million Offer Shares [13][16] Shariah Compliance - The offering has received Shariah compliance certification, enhancing its appeal to Islamic investors and aligning with regional investor preferences [14] Advisory and Banking Support - A consortium of financial institutions, including Emirates NBD Capital PSC and P. Morgan Securities PLC, is supporting the IPO [17][19]