Latest News for: Ipo underwriters

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Chinese tech start-ups pull IPO plans as Beijing tightens scrutiny

Straits Times 12 Apr 2021
The scramble to withdraw IPO applications raises questions over the quality of China's IPOs and robustness of due diligence done by their underwriters ... Sponsors, or the lead IPO underwriters, are withdrawing some applications for fear of being punished, he said, as "no project is impeccable.".
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Analysis: Chinese tech start-ups pull IPO plans as Beijing tightens scrutiny

Metro USA 12 Apr 2021
The scramble to withdraw IPO applications raises questions over the quality of China’s IPOs and robustness of due diligence done by their underwriters ... Sponsors, or the lead IPO underwriters, are withdrawing some applications for fear of being punished, he said, as “no project is impeccable.”.
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DoubleVerify sets IPO terms, to be valued at up to $4.2 billion

Market Watch 12 Apr 2021
The IPO is expected to price between $24 and $27 a share. The company is offering 8.63 million shares in the IPO, to raise up to $232.9 million, while selling shareholders are offering 4.71 million shares.
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BlackRock in talks on Shikun & Binui investment

Globes 12 Apr 2021
SKBN) about an investment in its energy unit before its IPO on the Tel Aviv Stock Exchange (TASE) ... This value does not include any possible $250 million in Shikun & Binui Energy by BlackRock, which would be at a 10-12% discount on the company's valuation in the IPO, which is being led by Barak Capital Underwriters.
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Didi Chuxing files 'confidentially' with US regulator for IPO that could raise several billion dollars

The National 12 Apr 2021
China's Didi picks Goldman, Morgan Stanley for mega US IPO, sources say ... Didi set for second quarter IPO valuing it at $62bn. Didi has tapped Goldman Sachs and Morgan Stanley as underwriters for its US listing which could value the company at as much as $70bn to $100bn, the sources said.
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Financial big data-focused COOCON to go public later this month

Korea Times 12 Apr 2021
By Anna J. Park. COOCON, the country's top financial big data provider, is set to make its IPO debut on the tech-heavy KOSDAQ later this month, aiming to grow into a major global player of the big data platform business ... Hana Financial Investment will be managing the IPO process as the lead manager, with Samsung Securities joining as underwriter ... .
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The post-pandemic picture comes into focus for small movie theaters

Chicago Business 12 Apr 2021
as CEO of Classic in the 1990s Willis briefly toyed with the idea of taking his company public, and sent his son Chris to the University of Chicago to get an MBA with the express purpose of negotiating with public stock underwriters after graduation. An IPO never happened, and ...
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Are SPACs a really good thing? The devil lies in the structure

The Times of India 11 Apr 2021
In exchange for underwriting this risk and their efforts to find a suitable target, the Sponsor is rewarded through ‘promote’ shares, which are typically equivalent to 25% of the SPAC IPO raise ... another 3% of IPO proceeds) and private placement fees for facilitating PIPEs.
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China greenlights four sci-tech innovation IPOs

China.dot.org 11 Apr 2021
The companies and their underwriters will confirm the IPO dates and publish prospectuses following discussions with the stock exchange.
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US regulator closes in on reining in acquisition vehicles boom

Hong Kong Standard 11 Apr 2021
The U.S ... That’s a start ... The SEC clarified this assumption, saying companies bought by SPACs “have no more of a track record” than private companies doing IPOs ... IOS Android ... Unlike a conventional IPO, underwriters don’t conduct due diligence on a target company ... It is the first and most important vetting source in an IPO ... .
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Inside Goldman's Marcus: key tech exits, new 'audio only' Fridays, and big plans for engineer hires

Business Insider 10 Apr 2021
... into the IPO game ... SoFi wants to democratize IPOs by getting into the underwriting game ... SoFi has said it is looking to compete against the largest investment banks by underwriting IPOs of certain companies itself, in addition to participating in IPOs like other retail brokerages.
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ROOT, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that ...

The Saratogian 09 Apr 2021
... conducted on or about October 28, 2020 (the "IPO" or "Offering") ... On October 28, 2020, Root's underwriters conducted the IPO, selling 26.8 million shares of the Company's Class A common stock to the public at $27.00 per share for total approximate proceeds of $725 million.
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Coinbase rival Kraken could go public next year after a surge in bitcoin trading volumes

Business Insider 09 Apr 2021
The CEO said this is being delayed in order to evaluate how Coinbase's IPO performs ... Companies that choose to go public via direct listings, like Spotify did in 2018, avoid paying hefty fees to investment banks that otherwise act as underwriters in a traditional IPO.
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Underwriters punished for lax due diligence

Shenzhen Daily 08 Apr 2021
(CICC) and Citic Securities were among the underwriters urged to take corrective measures ... Yi Huiman, chairman of the China Securities Regulatory Commission, last month urged underwriters to tighten scrutiny on companies seeking to list their shares, vowing to punish those trying to bring “sick” companies to the initial public offering (IPO) market.
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SKIET, Krafton, Kakao Pay set to go public in next few months

Korea Times 08 Apr 2021
Mirae Asset Securities and JPMorgan are jointly managing the IPO process as book runners, while Korea Investment & Securities, Credit Suisse have also joined as underwriters ... While Mirae Asset Securities manages the IPO as a book runner, NH Investment & Securities, Credit ...

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