Tagged: ipo

Firms Secured More Capital via Stock Market Listings in 2020 than Any Other Year, Except 2007: Report

Firms secured more capital via stock market listings in 2020 than in any other year, except for 2007, as a recovery in equities valuations managed to attract various firms and blank-cheque acquisition vehicles were increasingly used to carry out listings in US markets. The hot… Read More

After Gaining 5 Million New Customers, eToro Preps for IPO on Nasdaq – Report

Digital trading platform eToro may be queuing for an initial public offering (IPO) on Nasdaq according to a recent report. The Fintech is said to be chatting with Goldman Sachs to manage the IPO. Depending on where you are sitting, eToro enables trading in both… Read More

Fintech Firm Katapult to go Public via Planned Merger with SPAC FinServ, Deal Values Company at $1 Billion

Fintech firm Katapult is planning to go public through a merger with SPAC FinServ. The transaction would value the firm at approximately $1 billion. According to a release, Katapult Holding Inc. is preparing for an IPO after the digital commerce Fintech revealed on December 18,… Read More

Coinbase Files to Pursue an IPO

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

Stock Trading App Provider Robinhood Planning IPO with Assistance from Goldman Sachs: Report

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

Buy Now Pay Later Fintech Affirm, which Filed IPO Application, May have Significant Growth Opportunities in the US

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

Chinese Regulators to Introduce “Special” and “Innovative” Regulatory Guidelines for Fintech Giants like Ant Group, Tencent Holdings

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

Fintech Unicorn Marqeta Might Conduct IPO Next Year, after Establishing Additional Head Offices in Denver

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

Chinese Fintechs Must Realize that their Products can Subject Consumers to Financial Risk, Analyst Says following Sector-Wide Crackdown

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

Daniel Zhang, Chairman of Alibaba Group, Says China’s Move to Create New Fintech Regulations Is “Timely and Necessary”

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

Max Levchin’s Fintech Affirm Files S-1 to Go Public

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

Straight From the Top: Chinese President Xi Jinping Said to Personally Hit Pause on Ant Group IPO

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

UK based Digital Bank Starling Is Reportedly Planning to Secure $263 Million in Additional Funding

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

UK Chancellor Rishi Sunak Might be Planning to Fundamentally Change Current Listing Regime for Tech Firms

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

Ant Group Is Reportedly Moving Forward with Digital Banking License Application in Singapore, Despite Halted IPO Plans

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

Translated: Shanghai Stock Exchange Statement Suspending Ant Group’s IPO

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

Chinese Fintech Firm Lufax to Lay the Groundwork for its Global Expansion Over Next 5 Years

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

Ant Group Is “Most Interesting” Fintech of All Time Because it Provides Blueprint for how Unbanked Will Come Online, Industry Exec Explains

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

Chinese Fintech Firm Lufax Is Reportedly Planning to Secure Up to $2.36 Billion through US IPO

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

Alibaba Group’s Fintech Firm, Ant Group, Gets Approval from Chinese Authorities for Registration of its Shanghai Initial Public Offering (IPO)

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

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