IPOs - CybAI news

09 Aug

WeRide Is Said to Seek Up to $400 Million in US IPO, Placement

stp2y0 CommentsRAG modelsAutonomous Vehicle, Beijing, business, china, hyperdrive, IPOs, Markets, regulation, RENAULT NISSAN MITSUBISHI AL, stocks, Technology, US Securities and Exchange Commission, venture capital, WERIDE INC

China’s WeRide Inc. is seeking as much as $400 million in a US initial public offering and concurrent private placement, people familiar with the matter said. The Guangzhou-based autonomous vehicle company, which was granted approval last year by the Chinese securities regulator for a US listing, is seeking about $100 million in the IPO and around $200 million to $300 million in the placement, the people said. Source link lol

09 Aug

Ola Electric Jumps 11% After India’s Biggest IPO in Two Years

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Ola Electric Mobility Ltd.’s shares surged in their Mumbai debut on Friday, backed by strong investor demand amid growing adoption for electric vehicles in the country. Source link lol

09 Aug

Philippines’ GCash May Seek Digital Bank License in Lending Push

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The company behind the Philippines’ top mobile wallet GCash may seek a digital banking license as it boosts its lending business after Japan’s biggest bank invested in the fintech firm.Applying for a digital banking license “is being discussed, although nothing is definite as of the moment,” Globe Fintech Innovations Inc. CEO Martha Sazon said in an interview with Bloomberg Television’s Shery Ahn and Haidi Stroud-Watts on Friday. Source link lol

08 Aug

SoftBank-Backed Billionaire to Double Fortune on E-Scooter IPO

stp2y0 CommentsRAG modelsBhavish Aggarwal, Billionaires, cities, Elon Reeve Musk, india, IPOs, Mumbai, Pune, social media, Technology, Wealth

Just two years ago, Bhavish Aggarwal was facing one of his biggest tests. A video on social media showed an Ola Electric Mobility Ltd. vehicle bursting into flames in the Indian city of Pune, raising doubts about whether his bet on the world’s biggest e-scooter factory would ultimately pay off.The outspoken founder, who’s drawn parallels to Elon Musk, bounced back. Now, the company’s public listing is set to cement his position as one of the world’s youngest billionaires. Source link lol

08 Aug

Veon Plans to Sell Up to 20% in IPO of Pakistan’s Top Mobile Operator

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Veon Ltd., a Dutch-domiciled telecommunications company, is preparing to sell as much as 20% in its Pakistani unit Jazz in an initial public offering, Chief Executive Officer Kaan Terzioglu said.“A 12-month horizon is when we will make really concrete decisions” about the IPO, Terzioglu said in an interview in Amsterdam. Pakistan’s pension funds, local and retail investors would be keen to have a stake in the country’s biggest mobile operator, he said. Veon earned $1.12 billion in revenue from Pakistan last year. Source link lol

08 Aug

Xiaomi-Backed AI Chipmaker Black Sesame Falls in Hong Kong Debut as AI Frenzy Wanes

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Shares of artificial intelligence chipmaker Black Sesame International Holding Ltd. tumbled as much as 35% on their debut, dealing a blow to Hong Kong’s efforts to lure more technology listings. The Xiaomi Corp.-backed company’s shares fell to as low as HK$18.28 Thursday in the Hong Kong Stock Exchange and closed the day 27% lower. They had been priced at HK$28, the bottom of the marketed range in an initial public offering that raised HK$1.04 billion ($133 million). Source link lol

07 Aug

Philippine Fintech GCash Still Eyeing IPO After MUFG Investment

stp2y0 CommentsRAG modelsAYALA CORPORATION, Ernest Lawrence Cu, fintech, GLOBE TELECOM INC, IPOs, Martha Sazon, media, MITSUBISHI UFJ FINANCIAL GRO, Philippines, Technology, Valuation

The Philippines’ top mobile payments provider GCash is still keen on going public after its latest investment round pushed the fintech company’s valuation to $5 billion.“We recognize that the new round of investments further strengthens Mynt’s ability and position coming into an IPO,” Globe Fintech Innovations Inc. CEO Martha Sazon said Wednesday. Globe Fintech, or Mynt, is the parent of GCash and the entity that will do the initial public offering. Source link lol

07 Aug

Reddit Sales Exceed Analysts’ Expectations on Advertising Growth

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Reddit Inc. said it expects steady revenue growth from new data licensing partnerships and advertising technology, charting its path forward as a newly public company.Current-quarter sales will be $290 million to $310 million, Reddit said Tuesday in a statement. Analysts had forecast $281.8 million, according the average of estimates compiled by Bloomberg. Source link lol

06 Aug

Xiaomi-Backed AI Chipmaker Black Sesame Prices Hong Kong IPO at Bottom of Range

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Black Sesame International Holding Ltd. has priced its Hong Kong initial public offering at the low end of the marketed range, people with knowledge of the situation said, as the recent global selloff in stocks piles extra pressure on new share issues. Black Sesame, which designs chips for autonomous driving systems and is backed by Xiaomi Corp., was offering 37 million shares at HK$28 to HK$30.30 each. At HK$28 per share, the IPO raised HK$1.04 billion ($133 million), still making it one of the biggest in Hong Kong this year. Source link lol

29 Jul

US IPO Market to Slow After Lineage, With Quiet Summer Ahead

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The pricing of Lineage Inc.’s $4.4 billion first-time share sale helped make last week into the busiest for US initial public offerings in two and a half years. That excitement will be short-lived, according to bankers, who predict the rest of the summer will be more subdued.There was $6.1 billion worth of IPO activity in the US last week, according to data compiled by Bloomberg. Levels were boosted by temperature-controlled storage giant Lineage’s upsized offering and KKR & Co.-backed software company OneStream Inc.’s pricing above its marketed range to raise $490 million. Source link lol