Tuesday, 2 Jul 2024

Analysis & Comment

Read the latest Analysis & Comment News from around the UK. Get all the headlines, pictures, video and analysis on the stories that matter to you…

GoodRx makes filing public in frenetic week for U.S. IPOs

(Reuters) – GoodRx Holdings Inc revealed its initial public offering documents on Friday, marking yet another major filing during a week that has already seen Palantir Technologies, Asana and Unity Software unveil their paperwork to go public. Reuters first reported earlier in August that the U.S.-based online prescription drug marketplace had confidentially submitted paperwork with […]

Builders FirstSource to buy rival BMC in bet on U.S. housing market recovery

(Reuters) – U.S. residential building materials maker Builders FirstSource Inc (BLDR.O) on Thursday agreed to buy BMC Stock Holdings Inc (BMCH.O) in an all-stock deal that values the smaller rival at about $2.5 billion. Shares of BMC closed 22.4% higher at $39.45, while Builders FirstSource’s stock rose 8.4% to close at $30.24. The deal comes […]

Sequoia-backed Snowflake tests IPO investor appetite with wider losses

(Reuters) – Sequoia-backed Snowflake Inc on Monday published financial statements for the first time, revealing a surge in revenue growth and huge losses, as the cloud-based data warehouse firm prepares for a high-profile public listing in the coming weeks. Snowflake confidentially filed to go public earlier this year, shortly after its last funding in February […]

Sequoia-backed Snowflake makes IPO filing public

(Reuters) – Cloud-based data warehouse firm Snowflake Inc made the filing for its initial public offering public on Monday, setting the stage for yet another high-profile tech debut this year. Sequoia-backed Snowflake, which was valued at over $12 billion during its last fund raise, confidentially filed to go public earlier this year. Sequoia owned an […]

U.S. EV startup Canoo to go public at $2.4 billion valuation

DETROIT (Reuters) – Canoo Holdings Ltd, a U.S. electric vehicle startup already working with South Korea’s Hyundai Motor, will go public later this year at a value of $2.4 billion and aims to start delivering vehicles by the second quarter of 2022. It has joined forces with a so-called special purpose acquisition company, or SPAC, […]

Beike owner KE open to secondary Hong Kong or mainland listing after U.S. IPO

BEIJING (Reuters) – KE Holdings, operator of housing platforms Beike Zhaofang and Lianjia, is open to a secondary listing in Hong Kong or mainland China, after raising around $2 billion on Thursday in the biggest U.S. IPO by a Chinese company in two years. The U.S. listing went ahead despite escalating tensions between the world’s […]

Roper Technologies to buy Vertafore for $5.35 billion

(Reuters) – Roper Technologies Inc (ROP.N) said on Thursday it would buy Vertafore Inc, a private equity-owned insurance software vendor, for about $5.35 billion, in what would be its largest takeover deal to date. Reuters had earlier reported that the company was competing with private equity firms in an auction for Vertafore, which is owned […]

K-Pop group BTS' label Big Hit posts profit jump as it prepares for IPO

SEOUL (Reuters) – Big Hit Entertainment, the management label of hugely popular South Korean K-Pop group BTS, saw a 27% jump in half-year profits as its online concert and merchandise sales more than offset event cancellations during the COVID-19 pandemic. Earlier this month, Big Hit received preliminary approval for its planned initial public offering (IPO), […]

Biotech company CureVac aims to raise up to $245 million in U.S. IPO

FRANKFURT (Reuters) – CureVac, one of Germany’s leading contenders to develop a COVID-19 vaccine, said it aims to raise up to $245 million in an initial public offering (IPO) on the U.S. Nasdaq. The biotech firm said on Monday it plans to offer a total of up to 15.33 million new shares, adding they would […]