Initial Public Offering (IPO)
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Elauwit Connection(ELWT) - Prospectus(update)
2025-09-15 21:23
As filed with the Securities and Exchange Commission on September 15, 2025. Registration No. 333-289964 (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 4899 99-3101171 (Primary Standard Industrial Classification Code Number) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Pre-Effective Amendment No. 1 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Elauwit Connection, Inc. (I.R.S. Employer ...
Hang Feng Technology Innovation Co., Ltd. Announces Closing of Initial Public Offering
Globenewswire· 2025-09-15 15:45
Core Viewpoint - Hang Feng Technology Innovation Co., Ltd. successfully completed its initial public offering, raising US$5.5 million by offering 1,375,000 ordinary shares at a price of US$4.0 per share, with trading commencing on Nasdaq under the ticker symbol "FOFO" [1][2]. Group 1: Offering Details - The initial public offering consisted of 1,375,000 ordinary shares priced at US$4.0 each, generating gross proceeds of US$5.5 million before expenses [1]. - The underwriters have a 45-day option to purchase an additional 206,250 ordinary shares at the public offering price [1]. - The offering was conducted on a firm commitment basis, with Kingswood Capital Partners, LLC serving as the underwriter [3]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated to strengthening the corporate management consulting business, developing the asset management business, driving business expansion and strategic partnerships, and supporting general working capital and operations [2]. Group 3: Company Background - Hang Feng Technology Innovation Co., Ltd. is based in Hong Kong and provides comprehensive corporate management consulting and specialized asset management services [6]. - The company has been offering consulting services since 2023 through its subsidiary, Starchain Investment Trading Limited, focusing on strategic growth insights and regulatory compliance [6]. - In 2024, the company launched asset management services to meet client demand for sophisticated solutions in managing and growing capital portfolios [6].
Here's why the Gemini stock may crash soon after the IPO
Invezz· 2025-09-15 15:35
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. ...
StubHub IPO: Should You Buy STUB Stock?
Kiplinger· 2025-09-15 13:42
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]
SEBI clears six IPOs worth ₹12,500 crore
BusinessLine· 2025-09-15 13:24
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]
Black Rock Coffee sets IPO price at $20 per share
Yahoo Finance· 2025-09-15 11:07
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 approves Pine Labs' IPO
Reuters· 2025-09-15 10:21
India's markets regulator has approved the initial public offering of Pine Labs , a document on its website showed. ...
IPO update: ALEC Holdings plans to list on DFM
Gulf Business· 2025-09-15 09:02
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].
Big IPOs just had their busiest week in 4 years
Yahoo Finance· 2025-09-13 16:00
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]
Winklevoss Twins' Gemini Hits $4.4 Billion Valuation In Strong Nasdaq Debut - Bullish (NYSE:BLSH), Coinbase Global (NASDAQ:COIN)
Benzinga· 2025-09-13 08:24
Core Insights - Gemini Space Station Inc. shares surged 32.2% on their first trading day, reaching a total market value of $4.4 billion, indicating renewed investor interest in digital assets [1] Group 1: Market Performance - The company's shares debuted at $37.01, significantly above the IPO price of $28, with Gemini raising $425 million by selling approximately 15.2 million shares [2] - The initial price range for the offering was adjusted from $24-$26 per share due to high investor demand [2] - On the first trading day, the cryptocurrency exchange closed at $32.00, reflecting a 14.29% increase from the debut price [6] Group 2: Industry Context - Gemini's debut coincides with a strong week for cryptocurrency companies in the U.S. IPO market, following notable performances from other firms like Figure Technologies and Bullish Global [3] - Analysts suggest that Gemini is capitalizing on a favorable environment influenced by recent regulatory shifts from the pro-crypto Trump administration [3] Group 3: Financial Performance - Despite a net loss of $282.5 million in the first quarter, up from $41.4 million year-over-year, institutional adoption is driving trading volumes [5] - Nasdaq's $50 million strategic investment earlier in the week has boosted investor confidence in Gemini [5] - Gemini joins other publicly-listed digital asset exchanges such as Coinbase Global Inc., Bullish, and Robinhood Markets, serving U.S. investors [5] Group 4: Stakeholder Insights - The Winklevoss brothers reportedly own around 75 million shares of Bullish Global, valued at approximately $2.78 billion following its IPO [4]