IPO

    • Ackman buys 10% of Universal Music for 3.5bn euro

      Ackman buys 10% of Universal Music for 3.5bn euro

      The company of the billionaire investor William Ackman Pershing Square Tontine announced it had sealed a deal to acquire 10% of Universal Music for 3.5 billion euros, Reuters reported. UMG, which is being spun-off by France's Vivendi, will complete its planned Euronext Amsterdam listing in late September.

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    • Virgin Orbit targets $3bn IPO

      Virgin Orbit targets $3bn IPO

      Virgin Orbit, which is the satellite launcher of Virgin Galactic hopes to complete an IPO which will value the company at $3bn, CNBC reported. Virgin Orbit is part of the conglomerate of UK billionaire Richard Branson focused on space travel and satellite management. Virgin Orbit is a subsidiary of Virgin Galactic which is in advanced discussions to about the IPO through a SPAC.

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    • Vertical aims $2.2bn SPAC IPO deal

      Vertical aims $2.2bn SPAC IPO deal

      US electric vertical takeoff and landing firm Vertical Aerospace, announced plans to go public through a SPAC deal in a bid to raise as much as 2.2 billion dollars, Reuters reported. The production of the eVTOL aircraft has gained backing by key investors like American Airlines. Vertical Aerospace said it has pre-orders for up to 1,000 eVTOL aircraft with launch customers that also include Avolon, along with a pre-order option from Virgin Atlantic, all valued at up to $4 billion.

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    • Betway value edges to $5bn ahead of IPO

      Betway value edges to $5bn ahead of IPO

      Super Group, the parent company of online bookmaker Betway, announced it had reached a deal to go public, Reuters reported. The firm elaborated it was using a merger with blank-check acquisition company Sports Entertainment Acquisition Corp. at a valuation of around 5 billion dollars. The European bookmaker Betway paves its way to expand operations in US on the back of the IPO. It also acknowledged it had reached a deal to merge with the Digital Gaming Corp. to gain access to 10 American states.

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    • Self-driving Cruise startup attracts $2.75bn

      Self-driving Cruise startup attracts $2.75bn

      US Cruise self-drive startup announced it had managed to raise additional 2.75 billion dollars in a funding round targeted at big key investors, Reuters reported. The latest operation boosts the market valuation of Cruise to over 30 billion dollars. The results of the funding round were released shortly after rival TuSimple announced plans for an IPO.

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    • Coinbase value spikes to $86bn in debut trading

      Coinbase value spikes to $86bn in debut trading

      The crypto currency Coinbase made a smashing debut and it saw its shares surge and marked value reaching as high as 86 billion dollars after touching briefly 100 billion, AP reported. Coinbase Global IPO is seen by some as an inflection point for digital currencies, as Coinbase’s fortunes are closely tied to Bitcoin, the most popular crypto currency. Bitcoin’s price topped $64,000 in mid-week trading, up from $29,000 at the start of the year, and Coinbase said recently that first-quarter revenue should total around $1.8 billion, exceeding its revenue for all of 2020.

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    • UK Darktrace eyes $4bn London IPO

      UK Darktrace eyes $4bn London IPO

      UK cyber security company Darktrace backed by tech entrepreneur Mike Lynch announced it was launching an estimated $4 billion London listing, Reuters reported. The main objectives linked to the IPO plans were tied to securing new funds to accelerate product development and strengthen its balance sheet. Darktrace was founded in 2013 in the university city of Cambridge. It uses AI to understand IT networks and detect attacks by identifying unusual behaviour.

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    • US company Impossible foods market value soars to $10bn

      US company Impossible foods market value soars to $10bn

      The US producer of plant-based meat Impossible Foods eyes possibilities for Initial Public Offering (IPO) of its shares, Reuters reported. Such operation is expected to rocket the market value of the company above $10 billion from current $4 billion estimates as firm, financed by private sources. The latest valuation is based on the latest private funding round in 2020. However consumer demand for plant-based foods is constantly rising due to mounting environmental and ethical concerns mainly in developed countries.

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    • WeWork goes public through $9bn SPAC merger deal with BowX

      WeWork goes public through $9bn SPAC merger deal with BowX

      WeWork has agreed to go public by accepting a deal with special purpose acquisition company (SPAC), Reuters reported. By finalizing the deal, WeWork will set its market valuation at 9 billion dollars. The targeted deal is with the blank-check firm BowX Acquisition Corp, the Wall Street Journal elaborated on Friday, citing people familiar with the matter.

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