Companies that have a market capitalisation of more than Rs 1 lakh crore at the time of listing can now sell just five per cent of their shares, with the latest amendment in rules, a move that will be beneficial for the government during the proposed initial public offer of LIC. Such entities will be … Read more
American depositary shares of Vaccitech fell nearly 20% in their Nasdaq debut on Friday, giving the co-inventor of the Covid-19 vaccine developed by AstraZeneca Plc and Oxford University a market value of about $464 million. The biotech firm’s shares opened at $13.62, below the initial public offering (IPO) price of $17 apiece for 6.5 million … Read more
Zomato said revenue from operations rose from ₹466 crore in FY18 to ₹2,604 crore in FY20. Food delivery app Zomato Ltd., backed by China’s Ant Group, on Wednesday filed a draft red herring prospectus (DRHP) with the Securities & Exchange Board of India (SEBI) to raise ₹8,250 crore. The IPO would comprise fresh issue of … Read more
Esports Technologies jumped as much as 48% Friday morning after a colossal public debut the previous day. The esports betting company soared 507% in its first day of trading on Thursday. Esports Technologies extended gains Friday morning after soaring 507% in its first day of trading. Shares of the competitive gaming company rose as much … Read more
Shares of ByteDance Ltd., the Chinese parent of hit video app TikTok, are trading at a valuation of more than $250 billion in the secondary market, according to people familiar with the matter. The Beijing-based company’s value has surged in recent weeks as investors gain confidence in the business and founder Zhang Yiming weighs options … Read more
Two of the co-founders of new-age logistics major Delhivery have left the firm just as the startup is readying for its initial public offering (IPO), two people aware of the matter said. Bhavesh Manglani (top) and Mohit Tandon, two of the five original co-founders of Delhivery, have ‘stepped aside’ from day-to-day operations. They have also … Read more
The company, which automates mundane office tasks with robotic software, filed Securities Exchange Commission paperwork on Friday to sell stock on the New York Stock Exchange under the ticker symbol PATH. More than three-dozen investors – including Accel Partners, CapitalG (formerly Google Capital), Sequoia Capital, and Kleiner Perkins – have put nearly $2 billion into … Read more
Roblox, the gaming platform that soared to 32.6 million daily users, is going public this Wednesday. In 2020, the company paid out more than $328.74 million to Roblox game developers. Roblox games are built by independent developers – helping some teens pay for college. Read more on the Insider homepage. The wildly popular gaming platform … Read more
Chamath Palihapitiya has been labeled the King of SPACs and it could be for good reason. On Friday, investors got an update from Palihapitiya on how his SPAC investments have performed since inception, in 2021 and during the past down week. The Palihapitiya SPACs: Palihapitiya has plans to bring SPACs public with tickers IPOA to … Read more