Tagged: initial public offering

December 17, 2020 @ 3:25 pm By JD Alois  |  

Coinbase, the leading cryptocurrency exchange in the US, has filed an S-1 registration statement with the Securities and Exchange Commission (SEC) indicating its intent to pursue an initial public offering (IPO). The news was posted on the Coinbase website stating the filing, which would include… Read More

December 10, 2020 @ 7:43 am By Omar Faridi  |  

Robinhood, a popular trading app that has encouraged a new generation of investors to take part in equity trading, has reportedly hired giant Wall Street investment bank Goldman Sachs to lead the Fintech firm’s IPO. Robinhood Markets will be working with Goldman Sachs (NYSE:GS) in… Read More

December 2, 2020 @ 9:46 am By Omar Faridi  |  

Younger investors including Millennials and Gen Z consumers are supporting a change in the idea of paying with credit, and investors might also be able to join this emerging trend in the US markets. Fintech company Affirm Holdings Inc., which lets users split their purchases… Read More

December 1, 2020 @ 10:40 pm By Omar Faridi  |  

China is reportedly planning to introduce “special” and “innovative” regulatory guidelines for  Fintech giants like billionaire Jack Ma’s Ant Group Co., which is a subsidiary of the Alibaba Group Holding (NYSE:BABA). Regulators in China aim to create new policies so they can eliminate monopolistic practices… Read More

November 28, 2020 @ 5:48 pm By Omar Faridi  |  

Marqeta, a Fintech Unicorn that claims to be the first global modern card-issuing platform, is reportedly working with many startups that are now using Marqeta’s payment card issuance technology. Marqeta is also working closely with Goldman Sachs and J.P. Morgan Chase & Co. as the… Read More

November 26, 2020 @ 4:27 pm By Omar Faridi  |  

Alibaba founder Jack Ma’s plans to establish Fintech companies like Ant Group and launch IPOs in China were recently put on hold when the country’s regulators decided to make updates to regulatory requirements. As reported recently, Daniel Zhang, Chairman of Alibaba Group Holding (NYSE:BABA), noted… Read More

November 23, 2020 @ 9:48 pm By Omar Faridi  |  

The management at Alibaba Group Holding (NYSE:BABA) has stated that they are planning to comply with China’s updated Fintech regulations after the nation’s changing regulatory environment led to Ant Group‘s initial public offering (IPO) getting suspended. Daniel Zhang, Chairman of Alibaba Group, noted during a… Read More

November 19, 2020 @ 6:20 pm By JD Alois  |  

Affirm Holdings has filed an S-1 registration statement with the Securities and Exchange Commission (SEC) indicating its intent to do an initial public offering (IPO). Affirm is a Fintech lender created by Max Levchin, a noted Fintech entrepreneur who co-founded PayPal. Just recently in September… Read More

November 12, 2020 @ 4:43 pm By JD Alois  |  

Ant Group was expected to be the largest Fintech initial public offering (IPO) ever at a valuation of around $35 billion. With just days until a listing on both the Shanghai Exchange and the Hong Kong Stock Exchange, regulators in China slammed the breaks on… Read More

November 9, 2020 @ 8:31 pm By Omar Faridi  |  

UK-based digital bank Starling is reportedly planning to secure £200 million (appr. $263 million) in additional capital in order to further expand its business operations. Starling Bank may consider launching an initial public offering (IPO) in the foreseeable future. Starling has hired Rothschild to focus… Read More

November 9, 2020 @ 11:13 am By Omar Faridi  |  

UK Chancellor Rishi Sunak is reportedly planning to overhaul or fundamentally change the nation’s listing regime in order to attract more tech firms to London, according to a recent report from Sky News. Sources familiar with the matter said that Sunak will be working on… Read More

November 8, 2020 @ 11:02 am By Omar Faridi  |  

Ant Group, which was previously known as Ant Financial, the world’s most valuable Fintech firm and a subsidiary of the Alibaba Group Holding (NYSE:BABA), will be moving forward with its application for a digital banking license in Singapore. This, despite the Fintech giant’s (potential) record… Read More

November 4, 2020 @ 1:44 pm By JD Alois  |  

In a crushing move by the Shanghai Stock Exchange, Ant Group’s highly anticipated listing on the exchange was suspended, hitting pause on what was poised to be the largest public offering of a Fintech ever. Ant Group was planning to simultaneously list on both the… Read More

November 3, 2020 @ 9:45 pm By Omar Faridi  |  

Chinese Fintech firm Lufax had been planning to secure $2.36 billion through its US initial public offering (IPO). As previously reported, Lufax was once a top peer to peer lending platform but has since shifted into other areas of Fintech as well as online lending…. Read More

October 26, 2020 @ 7:53 am By Omar Faridi  |  

Benjamin Quinlan, CEO and Managing Partner at Quinlan & Associates, notes that there’s now an “army” of advisors being engaged to support the initial public offering (IPO) of Ant Group, which was previously known as Ant Financial, the world’s most valuable Fintech firm and a… Read More

October 24, 2020 @ 3:23 pm By Omar Faridi  |  

Chinese Fintech firm Lufax is reportedly planning to secure $2.36 billion through its US initial public offering (IPO). Lufax was once a top peer to peer lending platform but has since shifted into other areas of Fintech as well as online lending. Lufax’s management noted… Read More

October 22, 2020 @ 9:40 am By Omar Faridi  |  

Ant Group, which was previously known as Ant Financial, the world’s most valuable Fintech firm and a subsidiary of the Alibaba Group Holding (NYSE:BABA), has reportedly received approval from China’s top securities regulator for the registration of its Shanghai offering. As reported by Reuters, the… Read More

October 21, 2020 @ 8:07 am By Omar Faridi  |  

Paulo Guedes, the Minister of Economy in Brazil, recently noted that the country is planning to join the Organization for Economic Cooperation and Development (OECD), which is an intergovernmental economic organization with over 30 member countries. The OECD aims to promote economic growth and also… Read More

October 19, 2020 @ 7:58 am By Omar Faridi  |  

Ant Group, which was previously known as Ant Financial, the world’s most valuable Fintech firm and subsidiary of the Alibaba Group Holding (NYSE:BABA), has reportedly received approval from Chinese regulatory authorities for the Hong Kong leg of its planned initial public offering (IPO). The Ant… Read More

September 26, 2020 @ 6:01 pm By Omar Faridi  |  

Mark Schwartz, MD at Ernst & Young Capital Advisors LLC, Equity Capital Markets Advisory, has explained how (special purpose acquisition company) SPAC mergers can help companies with accessing better financing deals or options. Schwartz noted that the growth of SPACs gives private business owners an… Read More