IPO Financial News

Arm saw its share price jump 20 percent on the first day of trading on the Nasdaq stock exchange in New York on Thursday. Arm, whose semiconductor design is used in most smartphones worldwide, announced earlier this week that it was targeting a valuation of more than $52 billion for its initial public offering (IPO). Its shares opened up 10 percent and continued climbing in early trading, at one point rising 20 percent before settling up closer to 17 percent. Arm's high share price in early trading underscored enthusiasm for tech firms amid elevated interest in artificial intelligence. If Arm's shares close anywhere near its current share price at the end of the first day of trading, it will be valued at closer to $60 billion. The company, which is a world leader in smartphone chip design, is owned by the Japanese tech investor SoftBank, which has had a mixed record of success with its investments in recent years. The IPO of around 10 percent of the company's shares is expected to raise around $5 billion for SoftBank, which will retain ownership of the remaining 90 percent of the company's shares. «I want to keep as much as possible as long as possible,» SoftBank chief executive Masayoshi Son told CNBC on Thursday. «I'm a long term believer,» he added. Traders are looking at Arm's IPO as a barometer for other tech IPOs, which have stalled in recent years as the Covid-19 pandemic, the war in Ukraine and higher interest rates lowered the appetite for riskier investments. If Arm's IPO does well, other companies may consider going public to raise funds, fueling fresh deal-making in the months ahead.

Florintree, a growth-stage private equity firm, has bought a significant stake in Videonetics, the Kolkata-based video computing platform company, said a company statement. The financial investors, GenNext Ventures Fund, and US-based global investor exited through this transaction. According to sources, Florintree has invested about Rs115 crore in Videonetics. Founded in 2008 by Tinku Acharya, Videonetics has recently expanded offshore with operations in Singapore to cater to the Southeast Asian markets. " Videonetics is poised to become a dominant player in the global arena and add significant value to the marketplace.

Instacart in 2021, the grocery delivery startup's growth was cratering as its pandemic boom ebbed. The board of directors asked her to find new ways for the company to earn money. Simo, a former executive at Meta with experience in advertising, played to her strengths. She aggressively expanded Instacart's advertising business, begun in 2019, which allows food brands to pay for better placement in the company's app. Brands had questioned whether the ads were helping, so Simo commissioned studies demonstrating their efficacy, two people familiar with the company said.

Nasdaq debut on Thursday, as shares of the chip designer were set to blow past their offer price. Its stock was indicated to open at $60 per American Depositary Share versus the initial public offering (IPO) price of $51. The company had secured a valuation of $54.5 billion on Wednesday after pricing its IPO at the top end of its marketed range. Arm was taken private seven years ago for $32 billion by SoftBank, which has been looking to cash out some of its stake since at least 2020, when it signed a $40 billion deal with chipmaker Nvidia for Arm. The plans, however, were abandoned less than two years later due to regulatory roadblocks. Since then it has pivoted towards an IPO, though that also came with its own hurdles, including run-ins with the British government that was campaigning for a London listing for the chip designer. Arm's return as a public company represents a climb-down from the $64 billion it was valued at last month when the Japanese investment giant acquired the 25% stake it did not directly own from its Vision Fund unit. The IPO fetched $4.87 billion for SoftBank, which still holds a 90.6% stake in Arm, according to a regulatory filing.

Haryana based Online Travel Agency (OTA) Yatra Online plans to raise up to Rs775 crore through a combination of a fresh issue of Rs602 crore and an offer for sale of Rs173 crore. Of the fresh issue proceeds, Rs 392 crore will be used for customer acquisition and retention and Rs 150 crore for strategic acquisitions.Its holding company is Yatra Onilne Inc., which is listed on the NASDAQ exchange in the US.

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In the biggest IPO since 2021, Arm Holdings (NASDAQ:ARM), the renowned chip design firm, will start trading on the Nasdaq today for $51 per share — which prices the company at a hefty $54.5 billion market cap.

U.K. chip designer Arm Holdings is scheduled to start trading on the Nasdaq Thursday, in what is the largest initial public offering of shares in nearly two years

CRISIL Report. Easy Trip Planners Limited, which has a P/E ratio of 56.53, is the company's listed industry peer.

IPO) of Yatra Online will open for subscription on September 15 and close on September 20. The company's shares are expected to get listed on both the exchanges.

₹91 per equity share of face value of ₹10 each. Kundan Edifice IPO lot size is 1,200 equity shares and in multiples of 1,200 equity shares thereafter. Kundan IPO, which is worth ₹25.22 crore, is completely a fresh issue of 2,772,000 equity share; there is no offer for sale (OFS) component.

₹1,000 crore and an offer for sale (OFS) of up to 8.56 million shares. Prabhat Agrawal, promoter, managing director, and CEO, will offload up to 534,082 shares; OrbiMed Asia III Mauritius Ltd, a private equity firm, will offload up to 7.5 million shares; Prem Sethi, promoter and whole-time director will offload up to 353,302 shares; and other shareholders will offload up to 170,213 shares.

IPO subscription status: Samhi Hotels IPO has been subscribed 5% on day 1 so far. Samhi Hotels IPO has opened for subscription today (Thursday, September 14), and will close on Monday, September 18. Samhi Hotels IPO witnessed subdued investor interest on day 1.

Editor’s note (September 14th 2023): this story was updated on September 14th to take in Arm’s valuation and the date of its IPO. No matter how wild the party, it is a rare hangover that lingers into its second year. Yet after a record-smashing rave in 2021, investors in initial public offerings (IPOs) are still nursing sore heads. Over the course of a year-long binge, they ploughed some $600bn into stockmarket listings around the world in 2021, according to Dealogic, a data firm.

Investing.com -- Investors await the release of fresh economic data on Thursday, as Wall Street considers how a faster-than-anticipated measure of consumer price gains may impact future Federal Reserve policy. Elsewhere, debate swirls around the European Central Bank's own crucial interest rate decision later today, while British semiconductor designer Arm prices its hotly-anticipated initial public offering at the top end of its indicated guidance.

JSW Infrastructure, the ports business of Sajjan Jindal-led JSW Group, will open for subscription on September 25. The issue closes on September 27. The IPO, which is the first from JSW Group in nearly 13 years, is completely a fresh issue worth Rs 2,800 crore.

Signature Global has proposed to raise Rs 730 crore through its initial public offering which will open on September 20.The company had filed the draft red herring prospectus with capital markets regulator SEBI in July last year. Price band for Signature Global (India) Limited is fixed at Rs 366 to Rs 385 per equity share of face value of Rs 1 each and the offer will close on Friday, September 22, 2023. Bids can be made for a minimum of 38 equity shares and in multiples of 38 equity shares thereafter. ICICI Securities Limited, Axis Capital Limited and Kotak Mahindra Capital Company Limited are the book running lead managers to the offer. Signature Global (India) Ltd. started operations in 2014 through its subsidiary, Signature Builders Private Limited, with the launch of Solera project on 6.13 acres of land in Gurugram, Haryana. As of March 31, 2023, it had sold 27,965 residential and commercial units, all within the Delhi NCR region, with an aggregate saleable area of 18.90 million square feet. The company's investor base includes IFC and HDFC Capital Advisors who participated in multiple rounds of capital raise undertaken by the Company. According to the red herring prospectus, which was filed on Tuesday, the total size of the IPO is up to Rs 730 crore, comprising fresh issue of shares up to Rs 603 crore and offer for sale of up to Rs 127 crore. The company said it plans to utilise Rs 264 crore for repayment or prepayment of certain borrowings, in full or in part.

IPO subscription status: Zaggle Prepaid IPO has been subscribed 11% on day 1 so far. Zaggle Prepaid IPO has opened for subscription today (Thursday, September 14), and will close on Monday, September 18. Zaggle Prepaid IPO received overall tepid response from investors on day 1.

Stock market today: Small-cap stock AA Plus Tradelink shares witnessed heavy buying during early morning deals and hit 5 per cent upper circuit within few minutes of stock market's opening bell today. AA Plus Tradelink share price today opened with an upside gap and hit an intraday high of ₹11.39 apiece levels on BSE, finding no seller for the stock during early morning deals on Thursday session.

real estate developer Signature Global will open for subscription on Wednesday, September 20. The company has fixed the price band for the issue at ₹366 to ₹385 per share. The three-day bidding for Signature Global IPO will conclude on Friday, September 22.

₹60 to ₹65 per equity share of face value of ₹10 each. Chavda Infra IPO lot size is 2,000 equity shares and in multiples of 2,000 equity shares thereafter. Chavda Infra IPO, which is worth ₹43.26 crore, is completely a fresh issue of 6,656,000 equity share; there is no offer for sale (OFS) component.