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18 Jan 2024

You’d think there would be more IPOs considering how well stocks have been doing the past year+ all around the world...

Supply is clearly not an issue for tech stock market. Basically we have huge supply coming on the G7 bonds side (to finance growing budget deficits) and shrinking supply on the equity side. make your choice... Source: Topdown charts

16 Jan 2024

More and more companies are staying private for longer, avoiding IPOs until much later in their growth cycle (if they get there at all).

Source: Markets & Mayhem

7 Dec 2023

JUST IN: SpaceX has initiated discussions about selling insider shares at a valuation of $175 billion or more

The shares are expected to be sold at $95 each. The $175 billion valuation is a premium to the $150 billion valuation obtained this summer. If SpaceX went public, it would be one of the largest IPOs of all time. Source: The Kobeissi Letter

29 Nov 2023

Fast-fashion giant Shein has filed confidential paperwork for a potential public listing in early 2024

seeking a valuation of up to $90 billion (per Bloomberg), which would make the 15-year-old company more valuable than Lululemon and H&M combined. Established in China in 2008 as ZZKKO, Shein puts the fast in fast fashion: dropping as many as 10,000 new items on its website every day, producing items in small batches (50-100), and only ramping supply reactively for any products getting a lot of demand. Its wallet-friendly offerings — like earrings for less than 50¢ — have won over young consumers across the world, with its US customer base helping to catapult the company’s sales up 45% year-over-year, to $23 billion in 2022. Source: Chartr

29 Nov 2023

Here's the list of the best performing IPO in the world so far in 2023 YTD

The world’s best-performing IPO stock this year is a little known Indonesian coal mining company that’s backed by one of Southeast Asia’s richest men. PT Petrindo Jaya Kreasi has soared more than 2,900% since it listed in March following a $25 million offering. Yet it still has no analyst coverage, is richly valued and has relatively low trading volumes. Counting Indonesian billionaire Prajogo Pangestu as its main shareholder, the company’s market value has grown by more than 25 times to $5.4 billion in just nine months. Indonesia has been one of the most vibrant markets for initial public offerings globally this year, partially helped by a boom in demand for renewable energy stocks. Petrindo, in particular, is among a cohort of Indonesian stocks that have posted unexplained gains and wild swings this year, reaping fortunes for their backers and leading to regulatory scrutiny. Source: Bloomberg, www.zerohedge.com

16 Nov 2023

The FT has tracked all of Softbank's IPO returns. And guess what... they are terrible

source: Evan Tindell

2 Nov 2023

WeWork has officially filed for bankruptcy

From a $47 billion private market valuation to a $9 billion IPO via a SPAC in 2021, and now trading at $1.32 a share in after hours, marking a jaw-dropping 99% drop from its IPO price. The co-working space drama continues to unfold, reminding us that even unicorns can stumble in the real world of business. Source: Michael Burry Stock Tracker

12 Oct 2023

Birkenstock opening is even uglier than the shoes...

Birkenstock stock opens 11% below $46 IPO price in trading debut flop. The German sandal maker’s debut is the worst opening for a listing of $1bn or more in New York in over 2yrs, Bloomberg reports. Out of more than 300 US IPOs of that size in the past century, only 9 have fared worse, the last being AppLovin, which opened 12.5% below its IPO price in April 2021, BBG data show. Source: HolgerZ, Bloomberg

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