By Reuters Staff
1 Min Read
June 10 (Reuters) - LifeStance Health Group Inc’s shares jumped over 11% in their Nasdaq debut on Thursday, giving the therapy provider a market value of nearly $7.5 billion and underscoring demand for mental health services during the COVID-19 pandemic.
The company’s stock, backed by an affiliate of buyout firm TPG, opened at $20, compared to the initial public offering price of $18 set on Wednesday. (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Shailesh Kuber)
Online job marketplace ZipRecruiter Inc was valued at $2.7 billion in its debut on the New York Stock Exchange on Wednesday after shares jumped more than 10%, reflecting investor optimism over job growth as the U.S. economy hums along. (Reporting by Noor Zainab Hussain in.
By Reuters Staff
1 Min Read
SINGAPORE, May 5 (Reuters) - Philippine food maker Monde Nissin Corp has secured investor commitments for its billion-dollar initial public offering (IPO) at 13.50 pesos ($0.28) each, in what would be the country’s biggest IPO on record, three sources familiar with the matter told Reuters on Wednesday.
The owner of meat alternative Quorn had flagged the sale of up to 3.6 billion primary shares at a maximum price of 17.50 pesos, but Philippine IPOs are rarely set at their top price.
A spokesman for Monde Nissin declined comment.
Monde Nissin is looking to finalise agreements with its cornerstone investors this week before formally opening books for the $1 billion IPO next week said two of the sources, who did not want to be identified as the fixed price has not been announced. ($1 = 48.03 Philippine pesos) (Reporting by Anshuman Daga; Editing by Martin Petty)
By Reuters Staff
1 Min Read
BERLIN, April 26 (Reuters) - SUSE, an open-source enterprise software company with German roots, on Monday announced its intention to float on the Frankfurt stock exchange as it seeks fresh capital to invest in organic growth and acquisitions.
Swedish investment fund EQT, which acquired SUSE in 2018 for $2.5 billion, will sell shares in the initial public offering while the firm itself will raise funds by issuing new shares, it said in a statement. (Reporting by Douglas Busvine Editing by Riham Alkousaa)
By Reuters Staff
1 Min Read
April 12 (Reuters) - Abu Dhabi National Oil Company (ADNOC) and chemical producer OCI N.V. (OCI), which is backed by Egyptian businessman Nassef Sawiris, are weighing an initial public offering of their fertiliser joint venture Fertiglobe, two sources familiar with the matter said.
Headquartered in Abu Dhabi, Fertiglobe was formed in 2019 after OCI and ADNOC combined their ammonia and urea assets, with the two companies currently holding ownership stakes of 58% and 42% respectively.
ADNOC and OCI invited international and local banks to pitch for potential roles in Fertiglobe’s public share-sale, said the sources, declining to be named because the matter is not public.