EdtechX Holdings launches second blank-check company on Nasdaq

BERLIN (Reuters) – EdtechX Holdings, an investment platform focusing on the future of education and work, is launching its second listed blank-check company and is looking to buy a business in the sector worth up to $2 billion. Run by a Franco-British duo of financiers, EdtechX Holdings Acquisition Corp II is seeking to raise gross proceeds of up to $150 […]

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Ex-Trump adviser Cohn, Robbins raise extra $108 million for blank-check company: source

BOSTON (Reuters) – Gary Cohn, the former economic adviser to U.S. President Donald Trump and investor Clifton S. Robbins have upped the funds raised for their blank-check acquisition company, Cohn Robbins Holdings Corp CRHC_u.N, to $828 million, according to a person familiar with the matter. Cohn Robbins Holdings completed its $720 million initial public offering on Tuesday and has now […]

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Warburg Pincus-backed Petz raises $570 million in Brazil IPO: filing

SAO PAULO (Reuters) – Brazilian pet store chain Petz PETZ3.SA, controlled by U.S. private equity firm Warburg Pincus, raised on Wednesday 3.03 billion reais ($570.71 million) in an initial public offering, according to a securities filing. The company, controlled by U.S. private equity firm Warburg Pincus, priced its shares at 13.75 reais in the offering. The price range for the […]

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Bain-backed memory chipmaker Kioxia launches $3.6 billion IPO: filing

TOKYO (Reuters) – Kioxia Holdings, the world’s second-largest maker of flash memory chips, will list on the Tokyo Stock Exchange on Oct. 6 in an initial public offering worth up to $3.6 billion, a regulatory filing showed on Thursday. The listing would be Japan’s biggest IPO this year and allow a partial exit by U.S. private equity firm Bain Capital, […]

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Airbnb to confidentially file for IPO in August: WSJ

(Reuters) – Short-term home rental company Airbnb Inc is close to confidentially filing paperwork for an initial public offering (IPO) with the U.S. Securities and Exchange Commission later in August, the Wall Street Journal reported on Tuesday. Airbnb is preparing to potentially go public before the end of the year, the report said, citing sources familiar with the matter. An […]

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Chinese EV maker Xpeng files for U.S. listing after rival surges

BEIJING (Reuters) – Chinese electric vehicle (EV) maker Xpeng Inc, backed by Alibaba (BABA.N) and Xiaomi Corp (1810.HK), has filed to list its shares in New York, seeking to ride enthusiasm for EVs even as U.S.-China relations are strained. The move, announced on Friday, comes as share prices of EV makers including Tesla Inc (TSLA.O) and Nio Inc (NIO.N) have […]

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Albertsons shares fall on NYSE debut after lackluster IPO

(Reuters) – Albertsons Cos Inc ACI.N saw its shares fall in its New York Stock Exchange debut on Friday, a day after the U.S. supermarket operator downsized its initial public offering to $800 million. Shares in the Boise, Idaho-based company ended trading 3% below their $16 per share IPO price, at around $15.51. It capped a disappointing stock market debut […]

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Business analytics firm Dun & Bradstreet launches U.S. IPO

(Reuters) – U.S. business analytics firm Dun & Bradstreet on Tuesday filed for an initial public offering, looking to ride the recent wave of successful new listing after the COVID-19 pandemic crushed the market for new issues. The Short Hills, New Jersey-based company did not mention the size of the offering in the regulatory filing bit.ly/2AbIk0J, but a Reuters report […]

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Coffee maker JDE Peet's shares pop 15% after $17 billion virtual IPO

AMSTERDAM (Reuters) – Shares in coffee maker JDE Peet’s surged 15% in their stock market debut on Friday as investors jumped on the only big European IPO launched during the coronavirus crisis. Shares in the world’s No. 2 maker of packaged coffee, whose brands include Douwe Egberts, Peet’s Coffee and Jacobs, were priced at 31.50 euros, valuing the firm at […]

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Insurance comparison firm SelectQuote looks to raise $342 million in IPO

(Reuters) – SelectQuote Inc said on Friday it was looking to raise about $342 million in an initial public offering that could value the owner of the eponymous insurance policy comparison website at more than $3 billion. The company will offer about 18 million shares at between $17 and $19 per share, with selling stockholders offering another 7 million shares, […]

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