LIC IPO: How should a company that controls 70% of the market be valued?

LIC IPO: How should a company that controls 70% of the market be valued? 2

India’s finance minister, Nirmala Sitharaman, just lately made a groundbreaking announcement proposing the itemizing of the Life Insurance Corporation of India (LIC) by way of an preliminary public providing (IPO). LIC is the nation’s largest insurer, controlling greater than 70 per cent of the market share in phrases of the quantity of insurance […]

SBI Cards IPO gets in-principal approval from SEBI; launch likely in February

SBI Cards IPO gets in-principal approval from SEBI; launch likely in February 3

Market regulator Securities and Exchange Board of India (SEBI) has reportedly granted its in-principal approval to SBI Cards and Payment Service for floating its preliminary public providing (IPO). SBI Cards is likely to launch its IPO in February. The bank card arm of State Bank of India (SBI) is predicted to lift Rs 6,000 crore […]

Report: Oatly considering IPO, sale and additional funding

Report: Oatly considering IPO, sale and additional funding 4

Dive Brief: Oatly is wanting into varied funding choices and doable exit situations, together with an preliminary public providing within the subsequent 18 to 24 months, in response to unnamed sources cited in a report from Mergermarket despatched to Food Dive. The report additionally mentioned Oatly has been working with Goldman Sachs on a number of strategic […]

Coronavirus outbreak delays Carlyle Group’s Atotech IPO, says report

Coronavirus outbreak delays Carlyle Group's Atotech IPO, says report 5

Buyout agency Carlyle Group Inc has delayed the U.S. preliminary public providing (IPO) of its German specialty chemical compounds group Atotech, involved that the coronavirus outbreak would negatively affect the valuation it might obtain with traders, folks accustomed to the matter mentioned on Friday. Carlyle’s resolution highlights the uncertainty that […]

Seattle’s ExtraHop expects $100M ARR in 2020, IPO the following year – Internet

Seattle’s ExtraHop expects $100M ARR in 2020, IPO the following year – Internet 6

Hello and welcome again to our common morning take a look at non-public firms, public markets and the grey house in between. Today we’re persevering with our sequence on firms which have reached the $100 million annual recurring income (ARR) threshold, or are about to. ExtraHop is the firm of the day, a Seattle-based agency […]

Saudi Aramco raises IPO to record $29.4 billion through greenshoe option

Saudi Aramco raises IPO to record $29.4 billion through greenshoe option 8

Investors monitor a display screen displaying inventory data on the Saudi Stock Exchange (Tadawul) following the debut of Saudi Aramco’s preliminary public providing (IPO) on the Riyadh’s inventory market, in Riyadh, Saudi Arabia, December 11, 2019. Ahmed Yosri | Reuters State-owned oil firm Saudi Aramco mentioned on Sunday it has exercised its “greenshoe option” to […]

As NIO and Tesla rally, Chinese EV company Lixiang said to file for US IPO – Internet

As NIO and Tesla rally, Chinese EV company Lixiang said to file for US IPO – Internet 9

The restoration in worth of a number of high-profile electrical automotive firms may assist transfer yet-private EV producers out of the pit lane and onto the IPO observe. On the heels of NIO’s stunning worth appreciation after its current earnings report, and Tesla’s personal public market run, China-based Lixiang Automotive is reported to have filed […]

XP’s chart-topping IPO, Wildlife becomes a unicorn, SoftBank backs Konfio – Internet

XP’s chart-topping IPO, Wildlife becomes a unicorn, SoftBank backs Konfio – Internet 11

Sophia Wood is a principal at Magma Partners, a Latin America-focused seed-stage VC agency with workplaces in Latin America, Asia and the U.S. Sophia can be the co-founder of LatAm List, an English-language Latin American tech information supply. More posts by this contributor Latin America roundup: Neobanks increase $205M+; Softbank backs VTEX Latin America Roundup: […]

How Aramco’s huge IPO fell short of Saudi Arabia crown prince’s wish

How Aramco's huge IPO fell short of Saudi Arabia crown prince's wish 13

Early on October 15, a bunch of worldwide funding bankers delivered some unwelcome information to high executives of Saudi Arabia’s large oil firm, Saudi Aramco. The bankers, gathered at Aramco’s headquarters in Dhahran, reported that world buyers weren’t as bullish on the corporate’s preliminary public providing (IPO) of inventory because […]

UTI AMC to sell 8.25% stake through IPO- Business News

UTI AMC to sell 8.25% stake through IPO- Business News 15

UTI AMC’s 4 home shareholders LIC, State Bank of India (SBI), Punjab National Bank (PNB) and Bank of Baroda (BoB) personal 18.5 per cent stake every and now have their very own AMCs India’s oldest mutual fund UTI AMC will sell up to 8.25 per cent stake by way of preliminary public supply  (IPO) route […]

CSB Bank IPO subscribed 7.31 times on day 3- Business News

CSB Bank IPO subscribed 7.31 times on day 3- Business News 16

Formerly Catholic Syrian Bank, the personal sector lender goals to lift as much as Rs 410 crore via IPO  Latest-Business        Last Updated: November 26, 2019  | 13:51 IST The IPO of Kerala-based CSB Bank has been subscribed 7.31 times on November 26, its third and remaining day of bidding. The preliminary public providing (IPO) of the lender […]

No IPO timetable but plans to acquire more users outside China

No IPO timetable but plans to acquire more users outside China 17

Douglas Feagin, president of International Business Group of Ant Financial. Zhong Zhi | Getty Images News | Getty Images Alibaba affiliate Ant Financial has no speedy plans to go public, in accordance to a senior govt on the firm. Market-watchers and buyers have speculated for years a few potential blockbuster itemizing for the on-line monetary […]

Aramco banking on wealthy Saudis for IPO; banks easing lending regulations

Aramco banking on wealthy Saudis for IPO; banks easing lending regulations 18

Two years in the past, when the preliminary public providing of Saudi oil big Aramco held the creativeness of overseas buyers, President Donald Trump felt compelled to publicly foyer for the share sale to occur in America. “Would very much appreciate Saudi Arabia doing their IPO of Aramco with the […]

‘Phase one’ trade deal would give IPO market certainty

'Phase one' trade deal would give IPO market certainty 19

A so-called “phase one” trade deal between the U.S. and China must be sufficient to take away the uncertainty that is overshadowed preliminary public choices this yr, mentioned Robert McCooey, the chairman of Nasdaq Asia-Pacific. While there’s nonetheless widespread curiosity from Chinese corporations to checklist within the U.S., the uncertainty surrounding the protracted trade battle […]

Saudi Aramco IPO set to value company up to $1.7 trillion

Saudi Aramco IPO set to value company up to $1.7 trillion 21

Amin H. Nasser, president and CEO of Saudi Aramco, speaks throughout a information convention on the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. Hamad Mohammed | Reuters Saudi Arabia’s state oil big may very well be valued at up to $1.7 trillion, in accordance to a worth vary introduced Sunday for its […]