Latest News for: Ipo bank

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Fast-casual restaurant chain Cava Group’s IPO documents raise some red flags: analyst

Market Watch 30 May 2023
“We understand investors may be anxious to find the next hot stock after the IPO drought we have seen over the past 18 months, but investors should look past the hype and avoid Cava’s stock at all costs,” said the report ... JPMorgan, Jefferies and Citigroup are lead underwriters in a team of eight banks working on the deal.
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Goldman Sachs to chop 250 more workers after ‘David’s Demolition Day,’ sources say

New York Post 30 May 2023
The David Solomon-led investment bank will cull an additional 250 workers on the heels of 3,200 being fired in January in what staff had dubbed “David’s Demolition Day,” an insider said ... Regional bank failures have plagued the sector and the M&A and IPO activity that pushed banking profits higher during the pandemic has remained slow.
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UP Fintech posts solid 2023 Q1 results as global expansion scales up

Longview News-Journal 30 May 2023
... funds with the fund from their bank accounts. Investment banking growth momentum continues ... The company underwrote 7 Hong Kong IPOs, placing the company in third position worldwide among all investment bank institutions, according to third-party data provider Wind.
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Will the people wilfully destroying life on Earth ever be prosecuted?

Alternet 29 May 2023
Conrail was government held until 1987, when it was privatized in the then-largest IPO in American history ... Their assets were sold back into the private market in 1995 as the RTC shut itself down, having averted a 1929-style banking crisis through temporary nationalization ... And this time it’s not just about saving our banks or fighting a war.
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Three SME IPOs to open for public subscription this week; check details

Live Mint 27 May 2023
The requirements for a SME IPO are that (i) the post-issue paid-up capital must be less than ₹25 crores and (ii) the post-issue capital must be at least ₹1 crore.The procedure of filing an application for a SME IPO comprises submitting forms to brokers or banks, ASBA or UPI-based ...
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The Olive Oil Crisis Spreads as Prices Soar. What’s to Blame.

Market Watch 27 May 2023
... selling...Richard Branson’s bankrupt Virgin Orbit is selling its modified Boeing 747 (nicknamed Cosmic Girl) to Stratolaunch and its rocket factory to Rocket Labs after no buyer for the company materialized...Citigroup will spin off Mexican bank Banamex in an IPO, not sell it.
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Ola Electric aims for IPO by 2023-end, hires Goldman, Kotak

Financial Express 26 May 2023
India’s Ola Electric is planning a stock market listing by the end of 2023, and has appointed investment bank Goldman Sachs and domestic bank Kotak to manage the share sale, a source with direct knowledge of the matter told Reuters ... Also ReadSebi proposes to cut down IPO listing timeline to 3 days from 6 days ... Nureca IPO.
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Interesting IPO statistics & the 10 most anticipated IPOs of 2023

Invezz 26 May 2023
Here is a summary of the top IPO statistics ... What factors drive interest in IPOs? ... IPO statistics for 2023 ... Although headwinds still abound, including inflation, interest rates and banking sector turmoil, investors are looking to see an uptick in IPOs, with top picks likely to be the likes of Stripe (if it lists), Arm Ltd and Discord among others.
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Ola Electric to seek valuation of $10B in IPO, likely to file DRHP by next quarter

Your Story 26 May 2023
Ola Electric's plans for an initial public (IPO) offering are firming up, as the company has started discussions with investment bankers, two sources familiar with the matter told YourStory. Till now, Goldman Sachs, Kotak, Citi, and Axis have come on board, although talks are still at a preliminary stage, a source from one of the four banks said.
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Cummins braving debt ceiling jitters with $275 million engine filter unit IPO

Reuters 26 May 2023
May 25 (Reuters) - Diesel engine maker Cummins Inc (CMI.N) priced the initial public offering (IPO) of its engine filtration division to raise about $275 million, the company said on Thursday, defying volatile markets which are being shaken by uncertainty over a deal on the U.S ... The IPO values Atmus at $1.6 billion.
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Mexico president eyes 'half' of Citi unit amid IPO plan

Reuters 26 May 2023
bank announced plans this week to pursue an initial public offering of the business. Lopez Obrador, speaking at a press conference, noted that the bank had also said it wants the unit known as Banamex to have Mexican shareholders ... He also indicated Citi would have to pay taxes on the IPO.
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Atmus Filtration’s stock soars 14% in trading debut

Market Watch 26 May 2023
The stock is trading on the New York Stock Exchange, under the ticker ‘ATMU.’ Goldman Sachs and JP Morgan were lead book-running managers on the deal with 10 other banks acting as co-managers.
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EF Hutton, bank behind Trump's SPAC deal, rules over IPO drought

Reuters 25 May 2023
NEW YORK, May 24 (Reuters) - EF Hutton, the small investment bank that arranged a deal for the stock market listing of Donald Trump's social media venture, is dominating initial public offering (IPO) league tables as companies hold back on big deals handled by major Wall Street banks.
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Ola Electric aims for IPO by 2023-end, hires Goldman, Kotak: Report

The Times of India 25 May 2023
Softbank and Tiger Global-backed Ola Electric is planning to list on stock exchanges by the end of 2023 and has appointed investment bank Goldman Sachs and domestic bank Kotak to manage the IPO, according to a report today ... If it sells 10% in the IPO - the minimum legally ...
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China's Changxin Memory appoints CICC, China Securities for local IPO -sources

Reuters 25 May 2023
CXMT's listing plan appears to be in early stages as it has yet to submit application to the country's securities regulator for the so-called pre-IPO tutoring with banks, a search on China Securities Regulatory Commission website showed.

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