首次公开募股(IPO)

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风投支持的企业正痴迷并购,以应对美国IPO的不确定性
Sou Hu Cai Jing· 2025-07-09 09:23
Core Insights - Companies backed by venture capital (VC) are opting for mergers and acquisitions (M&A) instead of initial public offerings (IPOs) due to uncertainties in the U.S. public markets, trade policies, and economic conditions [1][3] - The report indicates that the total number of exits in Q2 remained stable compared to Q1, with most exits coming from M&A and acquisitions [1] - The first half of the year saw only 27 VC-backed companies go public, marking the lowest number in at least a decade [3] Industry Trends - Analysts suggest that the recent uptick in IPO activity appears to be a reset rather than a full recovery, with significant trends expected in sectors like artificial intelligence, national security, defense, and cryptocurrency through 2025 [3] - Companies in these sectors, such as Circle Internet Group, CoreWeave, and Voyager Technologies, have performed well since their IPOs [3] - The number of private equity (PE) backed IPOs in Europe and the U.S. dropped dramatically from 116 in 2021 to just 9, prompting PE firms to reconsider their exit strategies [3] Market Conditions - The decline in IPOs is attributed to higher interest rates and market volatility, making it more challenging for companies to go public or sell at acceptable prices [4] - Due to the ongoing IPO drought, venture capitalists are increasingly turning to the secondary market for trading private company stocks, which has seen significant growth in recent years [4]
投资方最新透露!宇树科技或于科创板IPO
第一财经· 2025-07-04 02:58
据每日经济新闻,从宇树科技相关投资方获悉,宇树科技后续有计划于科创板IPO(首次公开募股)。 2025年5月29日,宇树科技发布通知称,因公司发展需要,杭州宇树科技有限公司即日起名称变更为"杭 州宇树科技股份有限公司"。彼时,有媒体报道称,宇树科技这一举动可视同完成股改。至于为何变更名 称,外界认为或许是为了IPO铺路。而宇树科技曾回应,"这是公司运营方面的常规变更"。 ...
Figma申请美国IPO,寻求按代码“FIG”在纽交所交易其股票。
news flash· 2025-07-01 19:37
Core Viewpoint - Figma has filed for an IPO in the United States, seeking to trade its shares on the New York Stock Exchange under the ticker symbol "FIG" [1] Company Summary - Figma is preparing to enter the public market through an initial public offering [1]
屹唐股份IPO于6月27日申购 国泰海通、中金公司为联席主承销商
Xin Hua Cai Jing· 2025-06-25 12:11
新华财经北京6月25日电(罗浩) 上交所公告显示,北京屹唐半导体科技股份有限公司首次公开发行股 票并在科创板上市定于2025年6月26日14:00-17:00网上路演。 招股书(注册稿)显示,屹唐半导体是一家总部位于中国,以中国、美国、德国三地为研发、制造基 地,面向全球经营的半导体设备公司,主要从事集成电路制造过程中所需晶圆加工设备的研发、生产和 销售,面向全球集成电路制造厂商提供包括干法去胶设备、快速热处理设备、干法刻蚀设备在内的集成 电路制造设备及配套工艺解决方案。 募集资金用途方面,屹唐半导体拟合计投资26.63亿元,用于屹唐半导体集成电路装备研发制造服务中 心项目、屹唐半导体高端集成电路装备研发项目、发展和科技储备资金,其中拟投入募集资金25亿元。 另据最新公告,屹唐股份本次IPO的证券代码/网下申购代码为688729,网上申购代码为787729,发行 价格为8.45元/股,发行数量为29,556万股,发行市盈率为51.55倍,按照本次发行价格计算的预计募集 资金总额约24.97亿元。国泰海通担任本次发行的保荐人(联席主承销商),中金公司担任本次发行的 联席主承销商。 屹唐股份本次IPO的网上和网下 ...
又推迟三个月!菲律宾“水龙头”上市日期再调整,背后华裔家族曾上热搜
Sou Hu Cai Jing· 2025-06-25 01:37
Core Viewpoint - Maynilad Water Services, owned by prominent Chinese-Filipino businessman Consunji, has postponed its IPO timeline to the end of October to accommodate strategic cornerstone investors' internal approval processes [1][2]. Group 1: IPO Details - The IPO was initially scheduled for July 10 but was first postponed to July 17, and now further delayed by three months [1][2]. - The company has reduced its fundraising target from an initial 49 billion pesos to a maximum of 37.41 billion pesos [4]. - Maynilad plans to issue up to 1.93 billion primary shares and 354.7 million secondary shares, with a maximum price of 20 pesos per share [4]. - The IPO will also include an over-allotment option of 249 million shares and nearly 25 million shares for priority subscription, pending regulatory approval [4]. Group 2: Strategic Importance - The involvement of cornerstone investors is expected to enhance the value of the public offering and receive positive market and investor feedback [4]. - The company is actively preparing all necessary documents for the listing on the Philippine Stock Exchange (PSE) under the trading code "MYNLD" [4]. - The funds raised will be allocated for capital expenditures and general operational purposes [4]. Group 3: Background Information - The Consunji family, associated with Maynilad, is reportedly descendants of Confucius, with historical ties tracing back to the Ming Dynasty [5].
2025全球IPO遇冷,亚太逆势增长下半年或迎转机
Huan Qiu Wang· 2025-06-20 05:32
Core Insights - Global IPO activity is expected to decline significantly in 2025 due to factors such as increased tariffs from the US, heightened market volatility, and high interest rates raising financing costs [1][3] Group 1: IPO Market Overview - As of June 17, global IPO fundraising has decreased by approximately 9.3% year-on-year, totaling $44.3 billion, marking the lowest level in nine years [3] - The US IPO fundraising has dropped by 12% to $12.3 billion, while the European market has seen a dramatic decline of 64% to $5.8 billion [3] - In contrast, the Asia-Pacific region has shown strong performance, with total fundraising increasing by 28% to $16.8 billion [3] Group 2: Market Sentiment and Future Outlook - The introduction of reciprocal tariffs by US President Trump in April, later reduced to 10% for trade negotiations, has left global companies uneasy about demand prospects and investment plans [3] - Investment firm Athena Capital's founder, Isabelle Freidheim, notes that current market volatility makes it an unwise time for companies to go public, especially for tech firms that may face stock price declines post-IPO [3] - Despite the overall downturn, markets in China and Japan are performing well, highlighted by the listing of battery giant CATL on the Hong Kong Stock Exchange, which became the largest IPO globally this year [3] - Some analysts express cautious optimism for a recovery in the IPO market in the second half of the year, with signs of recovery in the US market, including a strong debut for fintech company Chime [3] - Notable companies like Klarna are expected to go public within the year, and if market volatility stabilizes, a "slow then surge" IPO wave may occur by the end of 2025, according to Michael Ashley Schulman, CIO of Running Point Capital Advisors [3]
“独角兽”回归华尔街!Circle(CRCL.US)大涨引爆IPO热潮 Chime(CHYM.US)与Voyager(VOYG.US)即将登场
智通财经网· 2025-06-06 23:31
Group 1 - The core viewpoint of the articles highlights a resurgence in demand for IPOs of high-risk emerging growth companies, particularly following the strong market performance of companies like Circle and CoreWeave [1][2] - Circle's stock surged nearly 170% on its first day of trading, followed by a further increase of about 30% the next day, indicating strong investor interest [1] - CoreWeave's stock price increased from an initial offering price of $40 to $140, reflecting a growth of over 250%, which has created a "fear of missing out" (FOMO) among investors [2] Group 2 - Upcoming IPOs include financial technology company Chime, which plans to issue 32 million shares priced between $24 and $26, potentially raising around $800 million with a valuation exceeding $10 billion [1] - Voyager Technologies is also set to go public, planning to issue 11 million shares priced between $26 and $29, aiming for a market capitalization of $1.6 billion [1] - Analysts suggest that the strong performance of recent IPOs may encourage other unicorn companies to file for IPOs, as the market has shown unexpected resilience since the "liberation day" [2] Group 3 - The summer season is typically a slow period for IPO activity, with many companies likely to postpone their plans until the fall [2] - Political and macroeconomic factors will continue to influence the pace of future IPOs, with potential acceleration if the Federal Reserve resumes interest rate cuts and regulatory relaxations occur [2][3] - Uncertainties surrounding trade policies may lead to hesitance among companies in making decisions, potentially overshadowing the benefits of regulatory easing [3]
香港珠宝商C&K设定IPO条款,拟募资700万美元
Sou Hu Cai Jing· 2025-06-03 10:16
专注于珍珠的香港珠宝商C&K集团周一(6月2日)向美国证券交易委员会 (SEC) 提交了首次公开募股 (IPO) 申请,计划融资至多700万美元。该公司计划在纳斯达克或纽约证券交易所上市,但尚未选定股 票代码(RC股票代码:CKG.RC)。 最新招股书链接: https://www.sec.gov/Archives/edgar/data/2054947/000121390025049653/ea0234056-02.htm 该公司计划以每股4至5美元的价格区间发行150万股股票,融资700万美元。按照拟议区间的中间价计算 C&K集团的市值将达到7900万美元。 C&K集团通过其运营子公司主要从事散装珍珠和成品珠宝的采购、设计和销售。该公司目前提供超过 1,000种款式的珍珠和成品珠宝。 上市架构: 文章来源:金准资本 C&K集团成立于2016年,截至2024年9月30日的12个月销售额为900万美元。 | | For the | years ended September 30. | | | --- | --- | --- | --- | | | 2023 | 2024 | 2024 | | | HKD | ...
航天防务企业Voyager Technologies(VOYG.US)IPO定价26-29美元/股 拟筹资3.03亿美元
智通财经网· 2025-06-03 08:46
Voyager是一家国防技术与太空解决方案公司,业务涵盖三大板块:国防与国家安全部门提供通信技 术、制导导航与控制、信号情报及国防系统;太空解决方案部门提供空间基础设施、先进空间技术、科 学系统及任务服务;Starlab空间站部门则计划打造接替国际空间站(ISS)的商业空间站。其核心合作伙伴 与客户包括Palantir(PLTR.US)、美国国家航空航天局(NASA)、洛克希德·马丁(LMT.US)、美国空军以及 Sierra Space等。 该公司成立于2019年,在截至2025年3月31日的12个月内实现营收1.48亿美元。该公司计划在纽约证券 交易所上市,股票代码为VOYG。摩根士丹利、摩根大通、巴克莱、杰富瑞、美国银行证券、KeyBanc 资本市场、野村证券和WR证券将担任本次发行的联席账簿管理人。预计本次IPO将于2025年6月9日当 周确定发行价。 智通财经APP获悉,提供国防和空间站设备、并正在开发空间站的Voyager Technologies(VOYG.US)周一 公布了其首次公开募股(IPO)的发行条款。 这家总部位于科罗拉多州丹佛市的公司计划通过以26至29美元的价格区间发行1100万股 ...
Shein考虑将上市地点从伦敦转向香港
Sou Hu Cai Jing· 2025-05-29 12:43
Group 1 - Shein is considering shifting its planned IPO location from London to Hong Kong after prolonged efforts to list in London [3][4] - The company initially launched its IPO plans in New York at the end of 2023 but redirected to the UK after facing rejection from the SEC [3] - Discussions regarding risk disclosure language have been resolved, leading to preliminary approval from the FCA for a London listing earlier this year [3] Group 2 - The shift to Hong Kong is likely influenced by rising geopolitical tensions, despite concerns over tariffs on Shein's U.S. sales being less severe than anticipated [3] - Shein's annual revenue of approximately $38 billion sees one-third generated from U.S. sales, which are now facing scrutiny and regulatory challenges in both the U.S. and Europe [3] - The company's profitability decline raises doubts about achieving a valuation of $66 billion during its IPO, which was set during its last funding round [3] Group 3 - Shein's rapid sales growth has been supported by the exemption from import duties on low-value packages in the U.S. and Europe, but these exemptions are now under threat [3] - The U.S. has replaced its previous policy of exempting goods valued under $800 from import duties with a new system imposing a 54% tariff or a fixed fee of $100 [3]