Tagged: initial public offering

Ping An Offshoot OneConnect Trades on NYSE in Initial Public Offering after Reducing Share Sale

OneConnect (NYSE:OCFT), a Fintech off-shoot of Ping An, listed its shares on the New York Stock Exchange (NYSE) today. The initial public offering raised around $260 million following a decision to slice the offer in half due to demand concerns. Ping An is one of… Read More

Bill.com Goes Public in NYSE IPO, Has a Really Good Day

If timing is everything, Bill.com (NYSE:BILL) nailed it. The payments and software provider completed its initial public offering (IPO) today on the New York Stock Exchange (NYSE). Bill.com floated 9.8 million shares at $22 each – raising over $210 million, but the price opened up… Read More

Sydney-based Tyro Payments Files Prospectus for Conducting an IPO, Aims to Raise $173.2 Million

Sydney-based Tyro Payments, an Australian Fintech institution that specializes in merchant credit, debit and EFTPOS acquiring, submitted a prospectus on November 18 for conducting a local initial public offering (IPO) that aims to raise A$252.7 million (appr. $173.2 million). Founded in 2003 by Peter Haig,… Read More

Payments Software Firm Bill.com Is Planning to Raise $100 Million via an IPO

Payment software firm Bill.com is planning to raise $100 million through an initial public offering (IPO), according to a recent filing with the US Securities and Exchange Commission (SEC). Established in 2006 by PayCycle co-founder René Lacerte, Bill.com provides cloud-based business payments and offers a… Read More

SPAC: FinServ Announces Close of $250 Million Initial Public Offering

FinServ Acquisition Corp. (NASDAQ:FISRVU)announced on November 5 that it had closed its initial public offering (IPO) of 25,000,000 units, which included 3,000,000 units issued “pursuant to the exercise by the underwriters of their over-allotment option.” The company’s offering was set at $10.00 per unit, which… Read More

WeWork’s Parent Company Makes Major Changes to Management of Business Operations

We Co., WeWork‘s parent company, is planning to make major changes to the management of its business operations after stakeholders expressed their dissatisfaction with the company’s unusual governance model ahead of its upcoming IPO. The firm’s parent company had initially proposed that 20 votes should… Read More

Australian Online Lender Prospa Trades on ASX Following Successful IPO

Online lender Prospa has been admitted to the official list of the Australian Securities Exchange (ASX) following the successful completion of the IPO. According to a note from Prospa, the Fintech sold 29 million shares at $3.78/share raising $109.6 million. Following settlement, Prospa will have… Read More

Report: Insurtech Lemonade Queues Up Initial Public Offering at $2 Billion Valuation

Insurtech Lemonade is going public. This is according to multiple reports indicating the early stage insurance company is going public at an approximate $2 billion valuation. Lemonade last raised capital in April with a $300 million round led by Softbank. Lemonade may seek up to… Read More

Australias Largest Fintech Lender Prospa Plans Initial Public Offering for June

Australian Fintech Prospa has announced its intent to complete an initial public offering (IPO) on the ASX on June 11, 2019. Prospa was founded by Greg Moshal and Beau Bertoli in 2012 with seed funding from Entrée Capital. The online lender originated its first loan… Read More

As Good as it Gets: OurCrowd Investors Benefit from Two IPOs in Just One Week as Uber & Beyond Meat Go Public

What do Goldman Sachs, Morgan Stanley, ‘Jay Z’, Jeff Bezos, Softbank, Tencent, Axel Springer, and OurCrowd all have in common? They all invested in Uber before it went public today (May 10, 2019). Where OurCrowd stands out from the pack is the fact that OurCrowd… Read More

Bitmain’s Hong Kong IPO Application Lapses

An IPO application submitted by Bitmain to the Hong Kong Stock Exchange in September has lapsed. Bitmain is the world’s largest crypto-mining consortium. The company operates numerous crypto mining and research facilities across the globe and also designs and manufactures some of the industry’s most… Read More

Denied an IPO in Hong Kong, Cryptominer Manufacturer Canaan Considering New York Listing

Canaan, the second biggest maker of cryptocurrency mining hardware after Bitmain, may be bringing its bid to go public to a New York exchange after being rejected in Hong Kong, Bloomberg reports. The company may be seeking to sell shares on a US exchange in… Read More

Initial Coin Offerings: I Have to File a Form 10? Great! What’s a Form 10?

Those who have read the SEC settlements with AirFox (CarrierEQ.Inc.) and Paragon Coin, Inc. published on November 16, 2018, will note that the defendant ICO issuers agreed, among other things, to register their “coins” under the Exchange Act (the Securities Exchange Act of 1934) by filing… Read More

Fellow Finance IPO Oversubscribed, Fintech to Trade on Nasdaq First North Finland

Fellow Finance, a peer to peer lending platform, has announced that their initial public offering (IPO) will trade on the Nasdaq First North Finland marketplace. The offering was said to be 2.2 times over-subscribed. Fellow Finance will issue a total of 1,300,000 new shares in addition to… Read More

Funding Circle Trades on London Stock Exchange, Shares Drop in Price

Funding Circle lobby

Funding Circle (LSE:FCH), the leading online lender in the UK providing financing options for SMEs, completed its initial public offering (IPO) on the London Stock Exchange (LSE) this past week. Shares began unconditionally trading today (October 3rd). Originally priced at 440 pence per share, Funding… Read More

China Fintech Samoyed Files for NYSE IPO

Samoyed Holding Limited, a China based Fintech, has filed to trade shares on the New York Stock Exchange. Samoyed is one of a growing number of Chinese Fintechs seeking a listing on a US exchange. The Form F-1 has been filed with the Securities and… Read More

UK Fintech Unicorn: Funding Circle Preps for Initial Public Offering

Funding Circle Founders

Funding Circle is a Fintech darling in the UK. The peer to peer lending platform is archetypal of this sector of Fintech that originated in Great Britain. Today, Funding Circle is the largest online lender in the UK having passed Zopa (mainly a consumer lender), in… Read More

X Financial on IPO: We Have Built One of the Strongest Fintech Businesses in China

Earlier today, China based X Financial (NYSE:FXE) traded on the New York Stock Exchange (NYSE) in its initial public offering raising approximately $104.5 million as 11 million shares were floated at $9.50/share. The shares quickly jumped higher in early trading and eventually closed about 25%… Read More

Bitmain IPO – What it Means for Bitcoin

The recently announced $3 billion Bitmain IPO has left many crypto enthusiasts excited for the possibility of a legitimate publicly-traded crypto business. However, when a company creates an exit for a high margin cash flowing business, it usually indicates diminishing growth or margins.  This could… Read More

P2P Lending: Funding Circle Moves Forward with Initial Public Offering

The long rumored initial public offering (IPO) of UK based Funding Circle appears to be on track and moving forward with a listing on the London Stock Exchange later this year. In a blog post today, Funding Circle stated; “Today we have announced the next… Read More

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