IPO

In a strategic move to reinvigorate its stock market, China has unveiled a series of financial measures, including a significant cut in the stamp duty on stock trades and a slowdown in the introduction of initial public offerings (IPOs). What Happened: Beginning August 28, the stamp duty on...

Companies usually start out as ‘privately held’, owned by the company’s founders and other private investors. But there might come a time when the company goes public, via an initial public offering (IPO). A few reasons why a company would consider going public: to raise money,...

The better-than-expected June public offering of restaurant operator Cava Group Inc. (NYSE: CAVA) provided a needed lift for a dormant IPO market.  Shares are up 135% from the company's IPO price of $22. Its market capitalization is currently $5.876 billion. A glance at the Cava Group...

AI-driven beauty and wellness company, Oddity Tech (NASDAQ:ODD), made a stunning debut on the public market, with its shares soaring 40% above the initial public offering (IPO) price. CNBC reported the company reached an approximate market valuation of $2.8 billion as of midday trading on...

Billionaire Jack Ma-backed Ant Group Co. is planning to buy back as much as 7.6% of shares to retain skilled individuals and offer an exit to investors who have been impacted by the company's regulatory obstacles. According to a report by Bloomberg on Friday,...

India’s leading drone manufacturer, IdeaForge Technology, is gearing up to expand its presence in international markets, particularly the US, with the launch of its Initial Public Offering (IPO), Benzinga India reports. Expansion into the US IdeaForge is keen on unlocking the US market,...

Washington D.C.-based CAVA Group, Inc. (NYSE:CAVA) is scheduled to start trading on the New York Stock Exchange on Thursday. What Happened: CAVA, a Mediterranean fast-casual restaurant chain, which has about 263 locations across the U.S., has priced its initial public offering of 14.44 million...

Nvidia Corporation (NASDAQ:NVDA) shares have been on a tear this year, thanks to its exposure to artificial intelligence. The stock is the best-performing S&P 500 stock for the year-to-date period with a gain of about 114%. Ahead of its quarterly results on Wednesday, here's a look at how...

SoftBank Group Corp. (OTC:SFTBY) owned chipmaker Arm Ltd has made a confidential filing with the Securities and Exchange Commission for a listing on the markets in the U.S. What Happened: The Cambridge, United Kingdom-based company, plans to sell its shares on the Nasdaq later in 2023 and aims to...

Cryptocurrency startup Chia Network Inc. announced on Friday that it has taken a significant step towards a U.S. initial public offering (IPO) by confidentially submitting a draft registration statement to the Securities and Exchange Commission (SEC). In 2021, the company was valued at...

Hong Kong-listed shares of Alibaba Group Holding Ltd (NYSE:BABA) crossed the HKD 100 mark on the upside for the first time since Feb. 21, as investors and traders continued to digest a report that said the company’s logistics unit is preparing for an IPO. Price Action: Alibaba shares nudged...

Stripe is looking to raise money again.  After the company admitted to becoming bloated and laid of 14% of its workforce in late 2022, it is now working to raise another round of funding at a valuation of $55 billion. The company was valued at $95 billion in 2021 during the peak of venture...

About 1200 companies are on CB Insights’ widely used list of unicorns — private firms with valuations of $1 billion or more. As a company’s valuation reaches those heights, there’s often speculation about an initial public offering (IPO). One of the most anticipated possible...

Reddit is a news aggregation platform and discussion site that’s popular with Gen Zers and millennials. It provides them with unlimited talking points through subreddits — online community posts within Reddit that discuss set topics, such as movies like “Breaking Bad” or the...

Social media website Reddit reportedly plans to go public in the second half of 2023. What Happened: The company is preparing for the initial public offering while it waits for the market conditions to get better, The Information reported on Tuesday, citing people familiar with the matter. Also...