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 ...

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. ...

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]

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]

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 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. ...

Core Viewpoint - Klarna Group, a global payment provider specializing in buy now, pay later (BNPL) solutions, began trading publicly on September 10, 2023, and has experienced significant stock volatility since its IPO [3][4]. Company Overview - Klarna's stock closed its first trading day at $49.48 but has since dropped approximately 13%, currently trading at $39.96, reflecting a decline of 3.71% [3][4]. - The company aims to position itself as more than just a BNPL lender, aspiring to become a multi-service consumer platform akin to popular technology stocks [12]. Market Context - The BNPL market has seen strong growth since the pandemic, with increased competition from companies like Affirm, Block, and PayPal [7]. - As of September 16, 2023, there have been approximately 224 IPOs in the U.S., a significant increase from 136 IPOs during the same period in 2024 [4]. Financial Performance - Klarna posted its first quarterly profit in 2023, two years prior to its public offering, which supports its bullish case for investors [12]. - The company is expected to report its quarterly earnings for the first time as a public entity later this year, which will be crucial for demonstrating its growth potential [13]. Strategic Positioning - Klarna is integrating artificial intelligence into its platform, offering shopping, price comparison tools, personal recommendations, and loyalty integration [10]. - The company's ambitions are compared to China's Ant Group and Tencent's WeChat, which evolved from core services into super apps that combine shopping, payments, and financial services [11]. Analyst Ratings - Klarna currently holds a Moderate Buy rating among analysts, with a 12-month stock price forecast of $53.00, indicating a potential upside of 32.63% from its current price [12].

Group 1 - Recent initial public offerings (IPOs) have seen significant insider buying activity [1]

Core Insights - Flipkart is in advanced stages of securing regulatory approvals to move its headquarters from Singapore to India, targeting completion later this year as it prepares for an Indian IPO next year [1][2] - The redomiciling process has received in-principle approvals from a Singapore court, with hearings ongoing at India's National Company Law Appellate Tribunal (NCLAT) [2] - The transition is aligned with India's festive season, a critical sales period, and aims to lay groundwork for a public listing expected as early as 2026 [2] Company Actions - Flipkart initiated the redomiciling process in India and Singapore simultaneously over two and a half months ago, following board approval in April [3] - The company raised $350 million from Google in 2023, with a valuation of $36 billion, making it the most valuable startup to undertake a redomiciling process [6] Industry Context - PhonePe, a Walmart-backed fintech that split from Flipkart, relocated its headquarters to India and filed for an IPO aiming to raise ₹120 billion (approximately $1.35 billion) [4] - Other startups like Zepto and Groww have also moved their headquarters to India in preparation for public listings, with Groww set to be the first Indian startup to list domestically after redomiciling from the U.S. [5]

Core Viewpoint - Sify Infinit Spaces Limited (SISL), a subsidiary of Sify Technologies Limited, has received board approval for a potential initial public offering (IPO) of equity shares, which will be disclosed to the public through BSE Ltd [1]. Company Overview - Sify Infinit Spaces Limited specializes in colocation services for Hyperscalers, Enterprises, and neo-Cloud prospects, operating 14 Data Centers across 6 cities as of June 2025 [4]. - The company has a diversified client base of over 500 clients, including prominent Hyperscaler and Enterprise clients, as of June 30, 2025 [5]. IPO Details - The equity shares have a par value of INR 10 each, and the intention for the IPO has been formally communicated to BSE Ltd [1].