$76.7bn of SPAC IPOs break all-time record only ten weeks into 2021 March 15, 2021 So far this year, 258 global special purpose acquisition company (SPAC) IPOs have been brought to the market, up to the end of last week, surpassing the full year annual record of 256 set during 2020 in just 10 weeks. According to new Refinitiv data, published this morning, global SPAC IPO proceeds total just over [...]
Exclusive: Teams rival Starleaf plots London float as demand surges March 10, 2021 British video call and messaging firm Starleaf is plotting an initial public offering in London after demand for its services surged during the pandemic, City A.M. can reveal. Watford-based Starleaf, whose platform is used by major corporate clients including the NHS, booked a record year of trading in 2020 amid the shift to home working. [...]
Trustpilot aims for £1bn valuation in upcoming London IPO March 8, 2021 Consumer review service Trustpilot is aiming to bag a £1bn listing when it lists its shares in London later this month, after it secured $240m through the initial public offering. The Danish company confirmed its intention to float on the London Stock Exchange earlier this month, following $240m commitments from investors including Fidelity, Adelphi, BlackRock and [...]
AIM outperforms London’s main market during 12 months of Covid-19 March 8, 2021 A year on from the start of the Covid-19 pandemic, the AIM has strongly outperformed London’s main market, something highly unusual in periods of economic downturn. London’s AIM outperformed the FTSE All-Share by a number of metrics, in part due to several of its listed companies performing well during the pandemic. The AIM All-Share index [...]
Cyprus-focused miner Caerus Mineral Resources set for London float March 5, 2021 A mining firm targeting gold and copper sites in Cyprus has this morning announced its intention to float on London’s main market. Caerus Mineral Resources – named after the Greek god of opportunity – has completed a fund-raise by means of placing 21 million new shares of 0.1p each in the capital of the company. [...]
Ready meal firm Parsley Box set for London float March 5, 2021 Ready meal provider Parsley Box has this morning announced its intention to float on London’s AIM list. The company, which targets its meals at the “baby boomer” generation, said it would give its customers the chance to invest in the firm as part of the IPO. Parsley Box said that it planned to be admitted [...]
Darktrace appoints former BT boss to board ahead of £4bn float March 1, 2021 Darktrace has appointed former BT chief executive Sir Peter Bonfield to its board ahead of a potential stock market float that could value the cybersecurity giant at £4bn. Bonfield has more than five decades of experience in the tech sector, including a six-year tenure as boss of the blue-chip telecoms giant. He currently serves as [...]
Hong Kong’s Rosewood eyes $400m SPAC listing amid flurry of deals in Asia March 1, 2021 Hong Kong-based luxury Rosewood Hotel group has filed for a special purpose acquisition company (SPAC) listing that could raise around $400m, two sources close to matter have disclosed. The luxury hotel group, with close familial ties to property developer New World Development (NWD) has recruited Credit Suisse and UBS to arrange the US SPAC listing, [...]
Reviews website Trustpilot set for London IPO March 1, 2021 Trustpilot is considering launching an initial public offering in London that would see at least a quarter of the company floated on the London Stock Exchange. The offer would comprise new shares raising proceeds of around $50m, the company announced on Monday. Trustpilot is targeting a premium listing on the London market and expects to [...]
Stocking up: Booze brand Virgin Wines confirms £110m London float February 25, 2021 Alcohol subscription service Virgin Wines today confirmed plans to list on the London Stock Exchange next week in a move that will value the company at £110m. The booze business, which has been a major lockdown winner, will debut on the Aim market on 2 March. Virgin Wines said it will place 6.6m new ordinary [...]