Initial Public Offering (IPO)
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Payroll startup Deel names former Intuit exec Kauffman as CFO for IPO goal
Reuters· 2025-11-03 10:44
Core Insights - Deel has appointed Joe Kauffman, a former executive from Intuit, as the new chief financial officer to aid in the company's potential plans for an initial public offering (IPO) as early as next year [1] Company Developments - The appointment of Joe Kauffman is a strategic move by Deel to strengthen its financial leadership in preparation for a possible IPO [1]
Central Bancompany seeks valuation of up to $5.72bn in US IPO
Yahoo Finance· 2025-11-03 10:19
Core Viewpoint - Central Bancompany is preparing for an IPO in the US with a target valuation of up to $5.72 billion and aims to raise approximately $426.7 million by selling 17.8 million shares priced between $21 and $24 each [1][4]. Company Overview - Central Bancompany is a US-based financial institution with total assets of $19.1 billion and $14.2 billion in wealth assets under advice as of June 30, 2025 [2]. - The company operates through its subsidiary, The Central Trust Bank, providing consumer and commercial banking services, as well as wealth management products, primarily in Missouri, Kansas, Oklahoma, and Colorado [2]. Market Position - As of June 30, 2025, Central Bancompany operated 156 full-service branches and held an estimated deposit market share of 24% across its markets [3]. IPO Details - The IPO is being led by Morgan Stanley, Keefe Bruyette Woods, BofA Securities, Piper Sandler, and Stephens, acting as joint bookrunners [4]. - Proceeds from the IPO are intended for general corporate use and to support future growth initiatives, with potential allocation for future acquisition opportunities [3].
Rothschild sees more global firms listing Indian units next year
BusinessLine· 2025-11-03 04:36
At least 10 multinational companies may list their Indian units in Mumbai over the next year as they seek higher valuations amid the country’s rapid growth, according to Rothschild & Co.Lofty valuations are drawing companies to initial public offerings as equities in the country trade at a premium to most markets, said Claire Suddens-Spiers, vice chair of global markets solutions at Rothschild.“Listing locally signals long-term commitment, enhances partnerships and boosts visibility, apart from delivering s ...
Orkla India IPO: How to check your allotment status on NSE and Kfin Technologies as GMP stays healthy
The Economic Times· 2025-11-03 02:15
Core Insights - Orkla India's IPO is priced at Rs 730 per share, involving an offer for sale of 2.28 crore shares, with shares credited on November 4 and listing on BSE and NSE on November 6 [1][7] - The grey market premium (GMP) is approximately 13%, indicating a potential listing gain of nearly Rs 95 per share [1][7] - The IPO has garnered strong institutional interest, raising Rs 500 crore from prominent investors prior to the public issue [2][7] Company Overview - Orkla India, a subsidiary of Norwegian parent Orkla ASA, is a leading packaged food company in India, operating nine manufacturing facilities and offering over 400 products [7][9] - The company is well-known for its popular food brands, including MTR Foods, Eastern Condiments, and Rasoi Magic, with a significant presence in South India and exports to 42 countries [2][7] IPO Details - The IPO was open for subscription from October 29 to October 31, achieving an overall subscription rate of 48.74 times, with QIB portion subscribed 117.6 times, NII 54.4 times, and retail 7.06 times [8][9] - The IPO is entirely an offer for sale by existing promoters, reducing their stake from 90.01% to 75% post-listing [7][9] - Analysts anticipate a stable-to-positive debut for the stock, contingent on broader market sentiment on the listing day [7][9]
Central Bancompany seeks to raise up to nearly $427 million in US IPO
Reuters· 2025-10-31 21:24
Core Viewpoint - Central Bancompany is aiming to raise up to $426.7 million in its U.S. initial public offering, indicating strong market demand for new public offerings [1] Group 1 - The bank has filed a regulatory document detailing its IPO plans [1] - The targeted amount of $426.7 million reflects a significant interest in fresh flotations within the market [1]
AGENCIA COMERCIAL SPIRITS LTD Announces Full Exercise of the Underwriters' Over-Allotment Option to Purchase Additional Shares, Increasing Gross Proceeds to US$8.05 Million
Globenewswire· 2025-10-31 20:05
Taichung City, Taiwan, Oct. 31, 2025 (GLOBE NEWSWIRE) -- Agencia Comercial Spirits Ltd (the “Company” or “Agencia”) (Nasdaq: AGCC), a Taiwan-based specialized importer and distributor of high-quality whiskies, today announced, in connection with its previously announced initial public offering that closed on October 23, 2025, the underwriters of such offering have exercised their over-allotment option in full to purchase an additional 262,500 Class A ordinary shares of the Company at the public offering pri ...
Orkla India IPO Day 3: Check GMP, strong subscription and analyst views. Should you subscribe
The Economic Times· 2025-10-31 04:00
Core Insights - The Orkla India IPO has garnered significant interest, being subscribed 2.70 times by the end of Day 2, with strong participation from Retail Individual Investors (RIIs) and Non-Institutional Investors (NIIs) [2][6][12] - The grey market premium (GMP) for the IPO is reported at Rs 70, suggesting a potential listing price of around Rs 800, reflecting positive investor sentiment [6][10] - The IPO is a complete Offer for Sale (OFS) by Orkla ASA, with no fresh capital being raised, and the price band set between Rs 695 and Rs 730 per share [7][13] Company Overview - Orkla India, established in 1996, is a leading player in the packaged foods and condiments sector, offering over 400 products, including instant mixes, spices, and ready-to-eat meals [8][17] - The company holds a significant market share in South India, with flagship brands MTR and Eastern commanding a 31–42% market share in key markets and an 18.6% share in India's overall convenience food segment [8][17] - Orkla India operates nine manufacturing facilities across India, with a total production capacity of 182,000 tonnes per annum, supported by a robust distribution network [9][17] Financial Performance - In FY25, Orkla India reported a total income of Rs 2,455 crore and a net profit of Rs 256 crore, reflecting a 13% year-on-year growth [10][17] - The company achieved an EBITDA margin of 16.6% and a return on capital employed (ROCE) of 32.7%, indicating strong profitability and operational efficiency [10][17] Analyst Perspectives - Analysts view the Orkla India IPO as an opportunity to invest in a market-leading company with a diverse product portfolio and strong export performance [12][15] - The valuation at the upper end of the price band of Rs 730 translates to a market capitalization of approximately Rs 10,000 crore, with a P/E ratio of around 31.7x based on FY26 annualized earnings [13][16] - Recommendations from analysts suggest a "Subscribe for Long-Term" rating, highlighting the company's strong distribution network and backing from its global parent as key positives for investors [14][16]
Why crypto’s red-hot IPO rally risks grinding to a halt
Yahoo Finance· 2025-10-30 17:02
The long list of crypto companies hitting the open market this year may have just added another name. On Wednesday, Consensys, the creator of the crypto wallet MetaMask, selected Goldman Sachs and JPMorgan as underwriters for its upcoming public listing ambitions, Axios reported. Consensys, which was last valued at $7 billion in 2022, would join stablecoin firm Circle, crypto exchange Gemini, and a slew of other crypto companies in entering the public markets this year. “Consensys is constantly explorin ...
London boosted by its biggest stock market listing in four years
Yahoo Finance· 2025-10-30 14:09
Company Overview - Shawbrook, a small business lender, was valued at £1.9 billion during its debut on the London Stock Exchange, marking the largest listing in four years for the market [1][2] - The company's stock rose as much as 8.2% on its first day of trading, reaching a high of 400.5p after an initial pricing of 370p per share [2][3] Market Context - The successful listing of Shawbrook indicates renewed optimism in the UK market, with significant interest from international investors, particularly from the US and Europe [3] - The London market has seen a resurgence in activity, with other companies like the Beauty Tech Group and Princes Group also preparing for listings [4] Company Strategy and Goals - Shawbrook's CEO expressed pride in listing in London and highlighted the company's growth strategy, which includes continued investment in its platform and expansion in attractive markets [5][6] - The lender aims to raise £50 million through the sale of new shares and plans to increase its loan book from £18.3 billion to approximately £30 billion by the end of 2030 [6][7]
Morning Minute: MetaMask Parent Consensys Files for IPO
Yahoo Finance· 2025-10-30 12:11
Core Viewpoint - Consensys, the company behind MetaMask, is preparing for an IPO with JPMorgan and Goldman Sachs leading the deal, coinciding with the launch of a new rewards program for MetaMask users [1][2][3]. Group 1: Company Developments - Consensys has been positioning itself for public markets throughout the year by trimming costs and expanding MetaMask into a comprehensive financial platform [2]. - The company was last valued at $7 billion in 2022 and has developed the most widely used self-custody wallet in the crypto space, with MetaMask reportedly having 30-35 million monthly active users at peak cycles [2]. Group 2: Product Launch and Strategy - MetaMask recently launched "MetaMask Rewards," a cashback-style program that allows users to earn yield and incentives through approved partners, marking a significant step towards the launch of its MASK token [3]. - The timing of the IPO and the rewards program is strategic, as reward programs can drive volume and revenue, enhancing the company's appeal to Wall Street [4]. Group 3: Market Implications - The dual announcements raise questions about how Consensys will balance being a public company while managing a community-owned token, a challenge faced by many major crypto companies [4][6]. - Shareholders will expect profits, while users will demand a token, creating a potential conflict in priorities for the company [5]. Group 4: Regulatory Considerations - Regulators will seek clarity on how Consensys can maintain equity value for investors while also supporting token value for users, a complex issue that the company must navigate [6].