SenseTime, one of China’s most valuable AI solution providers, is putting its $767 million public listing on hold, the company said Monday. The announcement came three weeks after the Hong Kong Stock Exchange gave the go-ahead to SenseTime’s IPO. On December 10, the U.S. Department of Treasury added the firm to a list of “Chinese […]
LG Energy Solution gets Korea Exchange’s nod for planned IPO
LG Energy Solution, the battery unit wholly owned by LG Chem, received preliminary approval for an initial public offering, the Korea Exchange said in a statement on Tuesday. LG Energy Solution is reportedly planning to submit its IPO application to Financial Supervisory Service as early as this week, aiming to list at the end of […]
Udemy targets valuation of $4B in major edtech IPO
Udemy’s slowing revenue growth is not bullish for edtech valuations more broadly; the company’s modest resulting revenue multiple is also somewhat beige.
3 things GitLab’s wild IPO pricing says about public markets
At minimum, we can say that public markets are as welcoming to high-growth SaaS as private markets. And perhaps, with GitLab’s IPO pricing, slightly warmer.
IsoPlexis, a company uncovering a ‘new layer’ of cell data, aims for $125M in market debut
Shares of IsoPlexis, a company creating tools to zoom in on the flurry of protein activity surrounding a single cell, began trading on Friday. The company aims to raise about $125 million with the IPO, which will be used to build the commercial team and advance the company’s plans to play a bigger part in […]
Geely’s Volvo Cars will file for initial public offering on Stockholm’s Nasdaq
Volvo Cars, the Swedish carmaker owned by China’s Zhejiang Geely Holding, said Monday it would file for an initial public offering and list on the Nasdaq Stockholm exchange, in a transaction that’s expected to raise up to $2.9 billion (25 billion Swedish kroner). The deal could value the automaker at up to $25 billion, The […]
What Amplitude’s direct listing says about IPO pops (and how startups can avoid them)
If you care about the value of private companies and how they are priced, this is for you. If you do not, please read anything else; you are going to be bored out of your socks.
India’s Oyo to file for $1 billion IPO
Indian budget hotel chain startup Oyo is looking to file for an initial public offering as soon as next week, people familiar with the matter told TechCrunch, joining a handful of firms in the world’s second-largest market that are working to explore the public markets. The seven-year-old startup, founded by 27-year-old Ritesh Agarwal, is planning […]
Freshworks’ valuation could crest $10B in upcoming IPO
Freshworks now expects to charge between $32 and $34 per share in its debut, up from the $28 to $32 per-share range that it initially disclosed.
Gingko Bioworks, valued at $15B, begins trading today: Here’s how their business works
Gingko Bioworks, a synthetic biology company now valued at around $15 billion, begins trading on the New York Stock Exchange today. Gingko’s market debut is one of the largest in biotech history. It’s expected to raise about $1.6 billion for the company. It’s also one of the biggest SPAC deals done to date — Gingko […]