Latest news with #IPO
Qatar Tribune
an hour ago
- Business
- Qatar Tribune
Global equity IPOs slumps in 2025 as tariffs, volatility weigh
Agencies New York Global equity IPOs have plunged this year, weighed down by heightened business uncertainty from US tariffs, elevated market volatility and higher interest rates that have raised funding costs and made listings less appealing forissuers. According to LSEG data, as of June 17, global IPO volume has declined about 9.3 percent year-on-year to $44.3 billion, the lowest level in nine years. President Donald Trump's tariffs, which included a 10 percent blanket levy plus targeted duties on U.S. trading partners, re-ignited tensions in April. Despite his subsequent pause and negotiations on trade and tariffs, businesses globally are uncertain about demand and investment. 'It's not prudent for companies to go public right now. The volatility in the market is unprecedented,' said Isabelle Freidheim, founder and managing partner at AthenaCapital. 'There's real risk for tech companies that are still figuring out profitability. If the stock drops after the IPO, it's very hard to recover, especially for companies with less steady cash flow or that aren't as mature.' Despite the broader slowdown, China and Japan have seen a sharp pickup in listings, driven by regulatory easing and improved sentiment. A standout was Chinese battery giant CATL, which raised $4.6 billion in the world's largest IPO so far this year, boosted by renewed market momentum following the US tariff truce. At the same time, some analysts are cautiously optimistic about a second-half recovery. US IPO interest is showing signs of a rebound, led by fintech firm Chime, which surged on its debut. High-profile names such as Klarna, Gemini and Cerebras are slated to list later this year. 'With US, European defence contractors and Indian consumer names also filing, late-2025 could deliver a textbook 'trickle-then-torrent' if volatility behaves,' said Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors.
Yahoo
2 hours ago
- Business
- Yahoo
Slide Insurance IPO: Stock price will be closely watched today as insurtech firm debuts on the Nasdaq
Slide Insurance Holdings is set to debut on the Nasdaq today. The residential insurance company out of Florida will make its initial public offering for $17 per share. Here's everything you need to know about Slide's IPO. Housing market weakness triggers Lennar to offer biggest incentives since 2009 The Trump administration is trying to bring back asbestos How one company is revolutionizing the way we use everyday water Slide is a 'technology-enabled' insurance company for homeowners. Bruce and Shannon Lucas launched Slide in 2022 with coverage options for home, condo, and commercial residential owners. The coastal company has over 5,000 agents across Florida and South Carolina. Slide announced its share price on Tuesday and should list its stock today, Wednesday, June 18. The offer is expected to close two days later, on Friday, June 20. Slide's slock will have the ticker SLDE. Slide will trade its shares on the Nasdaq Global Select Market. Slide's IPO price is $17 per share. That's at the higher end of an estimated target range it announced earlier this month. There will be 24 million shares of SLDE released as part of the IPO. Slide is providing 16,666,667 of these shares, while stockholders are selling the remaining 7,333,333 shares. These selling stockholders are also granting underwriters 30 days to purchase another 3.6 million shares. Slide should receive $283 million in its IPO. According to a filing with the Securities and Exchange Commission (SEC), Slide's total revenue for 2024 increased to $846.8 million, from $468.5 million in 2023. It continues to grow, reporting $281.5 million in revenue for the first quarter of 2025, compared to $199.1 million for the same period in the year prior. The company reported net income of $201 million last year, up from $87 million in 2023. Despite the current economic turmoil, many companies are still proceeding with IPOs—and finding success. Fintech companies Chime Financial and Circle Internet Group had positive results after debuting this month on the Nasdaq and the New York Stock Exchange, respectively. Each saw their stock shoot up to well above their IPO price, a positive sign for upcoming offerings like Slide. This post originally appeared at to get the Fast Company newsletter: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 hours ago
- Business
- Yahoo
M&A Watch: A String of Hot IPOs Could Spark Second-Half Dealmaking
Another pair of IPO gangbusters played out last week. On the heels of the outright fervor that came with CoreWeave (NASDAQ:CRWV) and Circle (NYSE:CRCL) earlier in Q2, shares of Voyager Technologies (NYSE:VOYG) soared by 82% on their first day of trading. The space- and defense-technology company saw its stock rise by triple digits (percent) intraday last Wednesdayinvestors were clearly excited about the firm's niche. Warning! GuruFocus has detected 10 Warning Signs with CRWV. Voyager partners with firms like Airbus, Mitsubishi, and Palantir (NASDAQ:PLTR) in low-orbit endeavors, and with Aerospace & Defense being among this year's top-performing industry groups, it's easy to see why shares lit up screens early on.[1] While the total IPO count is still low, the window seems cracked open. Following Voyager's stock taking flight mid-week, Chime Financial (CHYM) made its much-anticipated debut, raising $864 million after pricing above its initial estimated range.[2] CHYM was music to the bulls' ears, surging 39% on Thursday. Brokerage platform eToro (NASDAQ:ETOR)[3] and virtual physical-therapy company Hinge Health (NYSE:HNGE)[4] are other notable go-public stories in 2025, raising $310 million and $864 million, respectively, both of which priced above their anticipated ranges. So, animal spirits are alive and well, right? Not so fast. According to Wall Street Horizon's data, dealmaking numbers remain depressed. Total M&A announcements are merely flat on a year-on-year basis, continuing a trend that began some three years ago, after the capital markets boom of late 2020 and throughout 2021. Still-Sluggish M&A Trends Heading into 2H 2025 Source: Wall Street Horizon The hope was that a more favorable administration in the White House and a business-friendly Congress would get the ball rolling with looser regulations, fueling corporate decision-makers to shake hands and ink agreements. That bullish backdrop has not panned out. Instead, tariffs make the macro environment uncertain, and CEOs and CFOs are apparently unwilling to strike deals. Still, with massive rallies in some recent IPO stocks, bankers' hopes may just be rekindled. It's not a total M&A malaise, though. 2025 has brought about a rash of smaller buyouts valued at under a few billion dollars. In the first quarter, PepsiCo (NASDAQ:PEP) agreed to buy prebiotic soda brand Poppi for $1.6 billion. In the mortgage space, Rocket Cos. (NYSE:RKT) purchased Redfin (NASDAQ:RDFN) for $1.75 billion. Then, just last month, retailer Dick's Sporting Goods (DKS) scooped up Foot Locker (NYSE:FL) in a $2.4 billion cash and debt transaction. The shoe space is indeed kicking up activityrecall in early May that private equity firm 3G Capital agreed to buy Skechers (SKX) for $9.4 billion. In the tech space and during the throes of earnings season, Salesforce (NYSE:CRM) struck an $8 billion deal to purchase Informatica (INFA), bolstering its AI capabilities. To close out Q2, other deals have caught investors' attention, with the most notable being Brown & Brown's (BRO) $9.8 billion acquisition of Accession Risk Management. In the Health Care sector, BioNTech (BNTX) expanded its portfolio with the acquisition of CureVac (CVAC), a $1.25 billion equity deal, marking the end of a decades-long rivalry. Overseas, luxury goods maker Kering recently acquired Lenti, an Italian eyewear manufacturer.[5] Are these the blockbuster megamergers everyone longed for a year ago? Certainly not, but it does prove that the environment can be conducive to risk-taking under the right circumstances. Moreover, with peak tariff fear hopefully in the rearview mirror, at least according to the Economic Policy Uncertainty Index, the back half of 2025 might just feature an M&A rebirth.[6] Along with cooling trade-war concerns, a more upbeat outlook on the economy would likely spur deals. We've seen strategists reduce their recession forecasts, and online prediction markets suggest a less than one-in-three chance of a two-quarter US economic contraction this year.[7] More confidence at the macro level could help boost the appeal of buyouts and partnerships. And with central banks cutting interest rates at a fast clip (the US Federal Reserve notwithstanding), an easing of global monetary policy may make borrowing cheaper, enabling more leveraged deals and refinancing. Citi's head of banking expects more private-public get-togethers, which may offer a twist on the longed-for M&A upcycle.[8] The second quarter's final few trading days might actually present fresh breadcrumbs on the M&A pipelines heading into Q3. Ahead of Independence Day in the US, there's an active slate of shareholder meetings scheduled. Such events bring together stakeholders, and management teams present their strategic initiatives, which may include hints at key investments, such as M&A. Our data reveal that more than 1,800 Annual General Meetings will take place or have already occurred this month. Shareholder Meeting Volume Remains High Through June Source: Wall Street Horizon If you're looking for clues on overall C-suite vibes, you might want to monitor The Conference Board's Measure of CEO Confidence, which plunged in the second quarter to its lowest level since Q4 2022a time when recession fears were extremely high. It was the largest quarter-on-quarter decline in the survey's history, which dates back to 1976.[9] It's reasonable to expect a recovery in the next quarterly update in August, and if such a rebound comes to pass, then it may signal a greater collective risk appetite. Dealmaking isn't dead. There has been a steady diet of small to medium-sized mergers and acquisitions, but an outright M&A bonanza has simply not materialized. Global activity is also not all that bad, with significant corporate moves having been inked this quarter in Europe and Asia. But with an emerging IPO wave sweeping Wall Street, macro conditions may be shifting in favor of larger M&A transactions in the second half. 1 Voyager Technologies Rises in Debut, Signaling Improving IPO Market, The Wall Street Journal, Josh Beckerman, June 11, 2025, Digital bank Chime debuts advance wage product ahead of anticipated IPO, Reuters, Hannah Lang, May 15, 2024, Stock trading app eToro pops 29% in Nasdaq debut after pricing IPO above expected range, CNBC, Samantha Subin, May 14, 2025, Hinge Health prices IPO at $32, the top end of expected range, CNBC, Ashley Capoot, May 21, 2025, Kering Buys Italian Manufacturer Lenti in Eyewear Push, The Wall Street Journal, Andrea Figueras, June 10, 2025, Economic Policy Uncertainty Index for United States, Federal Reserve Bank of St. Louis, June 17, 2025, Recession this year?, Kalshi, June 17, 2025, Citi expects banking fees, trading revenue to climb despite US tariff "anxiety", Reuters, Tatiana Bautzer, Arasu Kannagi Basil, June 10, 2025, CEO Confidence Declined Significantly in Q2 2025, The Conference Board, May 29, 2025, Copyright 2025 Wall Street Horizon, Inc. All rights reserved. Do not copy, distribute, sell or modify this document without Wall Street Horizon's prior written consent. This information is provided for information purposes only. Neither TMX Group Limited nor any of its affiliated companies guarantees the completeness of the information contained in this publication, and we are not responsible for any errors or omissions in or your use of, or reliance on, the information. This publication is not intended to provide legal, accounting, tax, investment, financial or other advice and should not be relied upon for such advice. The information provided is not an invitation to purchase securities, including any listed on Toronto Stock Exchange and/or TSX Venture Exchange. TMX Group and its affiliated companies do not endorse or recommend any securities referenced in this publication. This publication shall not constitute an offer to sell or the solicitation of an offer to buy, nor may there be any sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. TMX, the TMX design, TMX Group, Toronto Stock Exchange, TSX, and TSX Venture Exchange are the trademarks of TSX Inc. and are used under license. Wall Street Horizon is the trademark of Wall Street Horizon, Inc. All other trademarks used in this publication are the property of their respective owners. This article first appeared on GuruFocus. Sign in to access your portfolio
Zawya
9 hours ago
- Business
- Zawya
Specialized Medical Company announces the completion of offering period for individual investors and final allotment of shares
Riyadh, Saudi Arabia: Specialized Medical Company (' Company ' or ' SMC '), one of the leading healthcare providers in the Kingdom of Saudi Arabia (' Kingdom '), recognized as a center of excellence delivering comprehensive and integrated healthcare services across a wide range of specialties, announces the successful completion of the individual investor offering period and the final allotment of the offered shares in relation to the Company's initial public offering (the ' IPO ' or the ' Offering '). Following the successful completion of the institutional book-building period, which has set the final offer price at SAR 25.0 per share and resulted of an oversubscription of 64.7 times of the total offered shares, the individual investors offer took place from 15 June to 16 June 2025G. The number of shares that were allocated to the Individual Investors tranche was 15,000,000 Offer Shares, representing 20% of the total Offer Shares. The Offering saw 317,820 individual investors place orders totaling SAR 542.2 million, reflecting a subscription coverage of 1.45 times for this tranche. The Company allocated a minimum of 10 shares to each individual investor, with the remaining shares allocated on a pro-rata basis, based on the size of demand, with an average allocation factor of 63.9%. Based on the results of the retail subscription process, the shares allocated to institutional investors will be reduced to 60,000,000 shares, representing 80% of the total Offer Shares, provided that such clawback shall not apply to the Company for Cooperative Insurance (Tawuniya), being the Cornerstone Investor, and the final allocation to the Cornerstone Investor shall be 5,875,000 Offer Shares in all cases. Accordingly, 54,125,000 shares of the Offer Shares will be allocated to the institutional investors excluding the Offer Shares allocated to the Cornerstone Investor. Bassam Chahine, CEO at Specialized Medical Company commented: 'We are proud to have successfully completed our offering amidst evolving market conditions, which is a testament to the confidence investors have placed in SMC's growth story and long-term strategy. This milestone reinforces our market positioning as a differentiated healthcare provider and marks the beginning of an exciting new chapter in our journey upon the Company's listing.' HIGHLIGHTS OF THE OFFER Following the listing, the Company will have a free float of 30% (75,000,000) of its total Shares (250,000,000). The Company for Cooperative Insurance (Tawuniya) subscribed, as Cornerstone Investor, for 5,875,000 shares of the Offer Shares (representing 2.35% of the Company's share capital after the Offering). The Company for Cooperative Insurance (Tawuniya) is considered a major investor in the Saudi markets. The Company believes that the contribution of the Company for Cooperative Insurance (Tawuniya) will provide an essential drive for achieving growth and long-term strategic goals. The Offer Shares will be listed and traded on the Saudi Exchange's Main Market following the completion of the Offering and listing formalities with both the Capital Market Authority (CMA) and the Saudi Exchange.
Yahoo
9 hours ago
- Business
- Yahoo
American Integrity Insurance Group, Inc. Celebrates Its Successful Initial Public Offering with the Ringing of The Closing Bell® at The New York Stock Exchange
~Executive Management Team to Attend Closing Bell Ceremony on June 20, 2025~ TAMPA, Fla., June 19, 2025--(BUSINESS WIRE)--American Integrity Insurance Group (NYSE: AII) (the "Company", or "American Integrity") a Tampa-based property and casualty insurance holding company, today announced that the Company will ring The Closing Bell® on the New York Stock Exchange ('NYSE') to commemorate its recent initial public offering. Bob Ritchie, Founder and CEO of American Integrity, commented, "We achieved a major milestone in May having successfully listed our shares on the New York Stock Exchange, a moment that marked not just financial achievement, but validation of our culture which has been built on integrity, resilience, and purpose—and deeply rooted in inclusivity. This is the foundation from which we have built our Company and grown into one of Florida's most respected residential property insurers." Join us at 4:00pm EDT on June 20, 2025, and watch the Company's executive management team on the podium for The Closing Bell® live here at The Bell | NYSE. About American Integrity Insurance Group American Integrity Insurance Group (NYSE: AII) is a Florida-based residential property insurer committed to delivering sustainable protection with unmatched customer service. Founded in 2006, the company serves hundreds of thousands of policyholders across the state and is expanding strategically throughout the Southeast. Built on a foundation of values, American Integrity has earned its reputation as a resilient market leader focused on long-term trust, not short-term trends. To learn more, visit View source version on Contacts Media Contact:Toni Logantlogan@ 813-512-6672
