Electrode maker De Nora ‘not scared’ about volatility as it braves IPO

De Nora was founded in 1923 and specializes in electrode and water treatment technologies. Pavlo Gonchar | Lightrocket | Getty Images The CEO of electrode maker Industrie De Nora says it is “not scared” about the current market turbulence as it braves an IPO this week. The initial public offering was priced at 13.50 euros per share on Tuesday, valuing the Italian company at 2.723 billion euros, or $2.88 billion. “It was the right time for us, we have a great equity story, so for us … it is the…

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SpaceX CEO Elon Musk says an IPO of Starlink satellite internet business is still ‘3 or 4 years’ away

SpaceX CEO Elon Musk stands at the base of a Starship rocket prototype at the company’s facility in Boca Chica, Texas. Steve Jurvetson on flickr Elon Musk last week told SpaceX employees the company isn’t likely to take its Starlink satellite internet business public until 2025 or later, CNBC has learned, extending the estimated timeline for an initial public offering yet again. “I’m not sure exactly when that [IPO] is, but maybe it will be like – I don’t know, just guessing – three or four years from now,” Musk…

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Cyril Amarchand Mangaldas Advises LIC And President To Act Through FinMini On Its Recent IPO

Cyril Amarchand Mangaldas advised the Life Insurance Corporation of India (LIC) and the President of India, acting through the Ministry of Finance on its recent initial public offering of equity shares aggregating to Rs 20,557 crore. This is the largest initial public offering of equity shares in the history of capital markets in India. The offer received a robust response from the investors, with highest ever participation witnessed from the retail investors with an aggregate of about 7.9 million retail applications, along with the highest number of anchor investors and…

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Cyril Amarchand Mangaldas Advises LIC And Indian Prez To Act Through FinMini On Its Recent IPO

Cyril Amarchand Mangaldas advised the Life Insurance Corporation of India (LIC) and the President of India, acting through the Ministry of Finance on its recent initial public offering of equity shares aggregating to Rs 20,557 crore. This is the largest initial public offering of equity shares in the history of capital markets in India. The offer received a robust response from the investors, with highest ever participation witnessed from the retail investors with an aggregate of about 7.9 million retail applications, along with the highest number of anchor investors and…

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SoftBank plans to keep majority stake after Arm IPO and wants to list the firm as soon as possible

Masayoshi Son speaks during a joint announcement with Toyota Motor to make new venture to develop mobility services in Tokyo in October 2018. Alessandro Di Ciommo | NurPhoto | Getty Images Japanese tech conglomerate SoftBank intends to keep a majority stake in U.K. chip designer Arm when it lists the company through an initial public offering. Masayoshi Son, SoftBank’s CEO, confirmed the news Thursday following a report from Bloomberg last month that cited people familiar with the matter. Son said that SoftBank plans to list Arm as soon as possible,…

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Online grocery delivery platform Instacart confidentially files for IPO in the U.S.

A shopper prepares fill his cart at a Giant supermarket in Washington, DC, April 6, 2020. Evelyn Hockstein/The Washington Post via Getty Images) Grocery delivery platform Instacart said late Wednesday it has filed a draft registration statement with the U.S. Securities and Exchange Commission (SEC), paving the way for the firm to list its shares. The grocery delivery company was valued at $39 billion in March 2021, when it raised $265 million. That made Instacart one of the most valuable venture-backed companies in the U.S. at that time. However, it said in…

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U.S.-listed Chinese EV maker Nio proposes a secondary listing of its shares in Singapore

Nio is planning to list its shares in Singapore. This would be the Chinese electric carmaker’s third listing location, following its IPO in New York and a secondary listing in Hong Kong. Costfoto | Future Publishing | Getty Images Chinese electric carmaker Nio said Friday that it’s planning a secondary share listing in Singapore. Nio, which is listed on the New York Stock Exchange, also carried out a secondary listing in Hong Kong in March. Singapore would be the third exchange that Nio’s shares are trading on. The move comes…

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Chinese ride-hailing giant Didi says U.S. regulator is investigating its $4 billion IPO

Didi said in its annual report that it’s being investigated by the U.S. Securities and Exchange Commission. The SEC opened the probe after Didi’s U.S. IPO last year. Sopa Images | Lightrocket | Getty Images The U.S. Securities and Exchange Commission is investigating Didi after its tarnished initial public offering, adding further pressure on the Chinese ride-hailing giant. Didi said in its annual report, published Monday, that it was contacted by the SEC after the company went public. The SEC “made inquiries in relation to the offering,” Didi said. “We…

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FabIndia, Aether Industries, 5 Others Get SEBI Approval To Float IPOs

Seven companies, including lifestyle retail brand FabIndia and specialty chemical company Aether Industries, have received capital markets regulator Sebi’s go-ahead to raise funds through initial share sales. Syrma SGS Technology, Asianet Satellite Communications, Sanathan Textiles, Capillary Technologies India and Harsha Engineers International too received the watchdog’s nod to float Initial Public Offerings (IPOs). These companies, which filed their preliminary IPO papers with Sebi during December 2021 and February 2022, obtained observations during April 27-30, an update with the regulator showed on Monday. In Sebi’s parlance, its observation implies the company…

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Singapore start-up Nium seeks up to $400 million in deals to take on Europe’s crowded fintech market

Europe’s fintech sector is fiercely competitive, with privately-held start-ups worth tens of billions of dollars vying to steal market share from incumbent banks. Oscar Wong | Moment | Getty Images LONDON — Nium, a $2 billion digital payments start-up based out of Singapore, has big plans for its European business. The company, whose software helps businesses manage flows of money across borders, is in talks to make an acquisition worth up to $400 million to drive an expansion in the continent, CEO and co-founder Prajit Nanu told CNBC. “Europe is…

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