The takeaway titan Deliveroo made headlines with its stock market debut last week – although not for the reasons it had hoped. Within hours of joining the market, its share price had fallen 30 per cent. The price may recover, but it remains one of the weakest IPOs (initial public offerings) in FTSE history. Float … Read more
The launch of Deliveroo onto the stock market was supposed to be a vindication not just for its founder, its financial backers, and even the Chancellor – but for its customers too. Many initial public offerings are closed to small investors. But Deliveroo opened the float to its six-million UK customer base. Some 70,000 of … Read more
The lunch of Deliveroo onto the stock market was supposed to be a vindication not just for its founder, its financial backers, and even the Chancellor – but for its customers too. Many initial public offerings are closed to small investors. But Deliveroo opened the float to its six-million UK customer base. Some 70,000 of … Read more
Retirement savings app PensionBee looking to raise £60m and hit a valuation of £300m as it confirms plans to float in London PensionBee looks to raise up to £55m by issuing new shares Up to £5m to come from sale of existing shares held by minority shareholders Founders, directors and senior managers won’t sell any … Read more
Six of the Britain’s largest investment firms reject chance to buy Deliveroo shares amid concerns over worker rights as firm targets £8.8billion stock market valuation Legal & General Investment Management said it plans to skip the public offering Deliveroo said this week it is targeting a valuation of between £7.6bn and £8.8bn GIM, Aberdeen Standard, … Read more
They’ve both been on a health kick of late. But Kelly Osbourne and BFF Jeff Beacher indulged a little on Thursday, with The Osbournes star presenting the entertainment relations consultant with a cake, in recognition of Airbnb’s stellar Initial Public Offering (IPO). Beacher helped create awareness of the travel rental company in its early years … Read more
Ant Group’s name supposedly represents a metaphor. On its own, a single digital transaction is like an ant; tiny, insignificant, barely noticeable. But if billions of them are packed together, they form a huge colony. That colony is set to get a lot bigger on 5 November when the financial services firm goes public on … Read more
Investors lose faith in UK recovery as much-anticipated Buffettology investment trust pulls its planned float due to lack of interest Buffettology Smaller Companies Trust had announced plans to float last month It has pulled its IPO after failing to raise the £100m minimum required to float Tellworth British Recovery and Growth trust also pulled its … Read more
Airbnb has filed confidential IPO paperwork after losing around $1 billion in revenue and axing 25 percent of its workforce amid the coronavirus pandemic. The short-term property rental company announced Wednesday it had submitted a draft IPO registration to the US Securities and Exchange Commission, as founder and CEO Brian Chesky moves forward with plans … Read more