ipo
Lineage, the world’s largest temperature-controlled warehouse real estate investment trust (REIT), made a notable debut on the Nasdaq Stock Market on Thursday. Trading under the ticker symbol “LINE,” the company’s shares surged by up to 5% on the first day. This promising start reflects investor confidence in Lineage’s robust business model and strategic growth initiatives. On Wednesday, Lineage priced 57 million shares at $78 each, near the top end of its initial $70 to $82 target range. This pricing strategy enabled the company to raise $4.4 billion, giving it an implied valuation exceeding ...
Invezz
Temperature-controlled storage and logistics giant Lineage Inc. has successfully raised approximately $4.4 billion through an expanded initial public offering (IPO), marking the largest first-time share sale of the year. The Novi, Michigan-based company sold nearly 57 million shares at $78 each, near the top of its initial price range of $70 to $82, the company said in a statement. This IPO brings Lineage’s market value to about $19 billion, making it the most significant IPO since ARM Holdings’ $4.87 billion offering in September 2023. The substantial valuation also underscores Lineage’s domi...
Invezz
Google parent Alphabet’s ambitious plans to acquire Israeli cybersecurity firm Wiz for $23 billion have fallen through, marking a significant setback in its quest to bolster the search engine’s cloud-computing division with advanced security capabilities. The termination of talks reportedly highlights the challenges tech giants face in navigating regulatory landscapes and investor expectations. The acquisition would not only have been the largest in Google’s history but also the largest purchase of a venture-backed company, according to data from PitchBook. Despite initial optimism, regulatory...
Invezz
Several European cannabis start-ups are considering listing in New York as the Federal authorities propose to declassify marijuana as a less dangerous drug. This mainly involves companies who have still not made a concrete decision about when and where to list, but are being increasingly attracted by what they see as a more welcoming approach to marijuana and cannabidiol (CBD) products generally in the US. According to Statista, the value of the CBD products market could reach around $6.90 billion (€6.32 billion) this year. Under the new US rule, marijuana could be changed because of its medic...
Euronews (English)
OneStream, a company specializing in streamlining financial processes and providing actionable insights through its platform, is set to go public. Offering 24.5 million shares at a price range of $17 to $19 per share, the IPO aims to raise $465.5 million, valuing OneStream at approximately $4.38 billion. OneStream intends to buy freshly issued units of OneStream Software LLC, a company solely managed by OneStream. The remaining amount will be used to buy Class C common stock from some of the existing shareholders. What does the company do?Established in 2010, OneStream supports CFOs in prepari...
Invezz
The French billionaire Vincent Bollore, who owns Vivendi, announced that he was thinking of listing its pay-TV branch, Canal+ in the UK. Pay-TV requires viewers to pay a subscription fee to watch certain channels or programmes. Bollore, dubbed the ‘French Murdoch’ is a financial backer for the French far-right party National Rally, headed by Marine Le Pen. Vivendi, a mass media giant, also owns other brands such as Havas, Gameloft, Vivendi Village, Prisma Media and Dailymotion. The decision to take Canal+ public comes following Vivendi seeing a considerable downturn to its valuation following ...
Euronews (English)
In the most significant move of its kind in decades, the UK's Financial Conduct Authority (FCA) has announced a number of regulatory changes to company listings. The changes have been done in an attempt to encourage innovation and growth in what is seen as an increasingly lacklustre UK stock market. The new rules have widely simplified the eligibility criteria for companies wishing to list in the UK, while also giving them more voting and decision-making power. Companies can now have dual-class share structures, which can go a long way in making sure that insiders, institutional investors and ...
Euronews (English)
London Tunnels, the company aiming to convert an 8,000 square metres central London underground network of abandoned tunnels, known as the Kingsway Exchange, into a new historical attraction, has recently revealed that it would be listing in Amsterdam, instead of the UK capital. This decision comes just a few months after the company told the London Stock Exchange that it was interested in going public in London. At the time, London Tunnels’ chief executive Angus Murray highlighted that given the fundamentally British nature of the tunnels, due to a British owner, and their revival being for t...
Euronews (English)
Fast fashion powerhouse Shein is in focus this morning following a report that it has confidentially filed for an initial public offering in London. The move could potentially value the retail firm at about $66 billion. Why is Shein opting for a London IPOAnonymous sources told CNBC today that Singapore-headquartered Shein is now confidentially attempting to list on the London Stock Exchange. It had previously submitted a confidential filing for the U.S. IPO as well in pursuit of expanding its global footprint. The retail firm, however, faced significant challenges including controversies in i...
Invezz
タイミーは、東京証券取引所グロース市場への新規上場が承認されたことを発表した。上場日は、2024年7...
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