What ipos to invest in

Share to Twitter Share to Linkedin Indonesia’s Harita Group is selling shares in its nickel unit Trimegah Bangun Persada in a large initial public offering that could make the net worth of billionaire owner Lim Hariyanto Wijaya Sarwono soar. According to the company’s prospectus , Trimegah Bangun Persada will raise between 14.7 trillion rupiah ($960 million) and 15.1 trillion rupiah ($983 million) by offering up to 12.1 billion shares, or 18% of its total, at a price range of 1,220 rupiah to 1,250 rupiah. The Indonesian miner is aiming to tap rising demand for materials needed to make batteries for electronic vehicles. Trimegah Bangun Persada was founded in 2004, and bought three years later by Harita Group. It has a concession to mine nickel on Obi Island in North Maluku province. Underwriters for the IPO include, among others, BNP Paribas, Citi, Credit Suisse and Mandiri Sekuritas. The shares will begin to trade on the Indonesian Stock Exchange … [Read more...] about Indonesia’s Harita Group Aims To Raise Nearly $1 Billion In Nickel Unit IPO

Share to Twitter Share to Linkedin Snowflake is the most anticipated IPO of the year. Investors should decide in advance how much they are willing to pay as Snowflake will test the upper limits of what it means to have a stretched valuation. Heck, the company has even inspired value-legend Warren Buffet to change his thesis and invest in an IPO prior to profitability (!) Perhaps because the company delivered sky-high revenue growth last fiscal year of 173% and 121% in the most recent quarter with a record-breaking net retention rate of 158% — which is the highest of any public cloud company at time of listing. These industry-leading numbers are due to the company disrupting the data warehousing market with a superior cloud data platform that delivers across key differentiators (we review this below). Despite Snowflake demonstrating excellent product-market fit, clear competitive advantages, and strong management — no company is perfect. We go over a few … [Read more...] about Snowflake IPO: In-Depth Analysis

IPO REKINDLED Upson is the country’s biggest consumer electronics retailer based on store The country’s biggest retailer of computers and IT equipment has scheduled its P5.4 billion initial public offering (IPO) this March after receiving the go-signal from the Philippine Stock Exchange (PSE). Upson International Corp., among the companies that deferred listing in 2022 due to challenging market conditions, said in a statement on Monday it would push through with the IPO from March 6 to 10 this year. Upson is best known today as the operator of mall-based electronics stores such as Octagon Computer Superstore and Gadget King. It was founded by entrepreneurs Ricardo Lee and William Lim as personal computers became an accessible consumer product in the 1990s. The company is selling as much as 986.83 million stocks at up to P5.50 per share. The final IPO price will be set on Feb. 28, the statement showed. It is targeting to make its PSE debut under the stock symbol “UPSON” on … [Read more...] about PSE okays P5.4-B Upson IPO

MANILA, Philippines  – Upson International Corp., the country’s biggest retailer of computers and IT equipment, kicked off its P1.65-billion initial public offering on Tuesday. The operator of mall-based shops such as Octagon Computer Superstore, Micro Valley, and Gadget King indicated in its final prospectus the offer period will run from March 21 through March 27. It plans to make its Philippine Stock Exchange trading debut on April 3 under the symbol “UPSON”. The company, among those that delayed their IPOs in 2022 due to volatile market conditions, earlier priced the offer at P2.40 per share, which was below the previous indicative maximum offer price of P5.50 per share. It also reduced the number of offer shares by 30 percent. Based on the final prospectus, the company said it would allocate all of the P1.5 billion IPO proceeds to expand its store network from 2023 to 2027. Upson previously planned to raise as much as P4.32 billion for the same purpose and for … [Read more...] about Tech gadgets retailer Upson kicks off P1.65B IPO

MANILA, Philippines  -Alternergy Holdings Corp. completed the country’s first initial public offering (IPO) in 2023, raising P1.6 billion which will be mainly used to expand its renewable energy footprint. Founded and controlled by former Energy Secretary Vicente Pérez, the company sold 1.26 billion shares, or 32 percent to outside investors, for P1.28 per share. The company, which trades under the stock symbol “ALTER” opened below the IPO price but recovered by the closing bell to end flat at P1.28 per share during its listing debut on Friday. “As the first IPO for the year, Alternergy has once again proven to be a pioneer in joining the public equities market,” said Pérez, who is chair of Alternergy. Perez said Alternergy’s public listing gathered foreign and local investors from all walks of life who have a shared goal of promoting sustainability investments. In a statement, he also emphasized the wide base of investors that participated in the IPO. “We have always … [Read more...] about Alternergy braves choppy market, raises P1.6B from IPO

Share to Twitter Share to Linkedin Key News Asian equities were mostly higher overnight as bank failure contagion fears receded. The People’s Bank of China (PBOC), China’s central bank, took its foot off the gas today, injecting only RMB 30 billion into the system, down from RMB 180 billion on Friday. However, Friday’s reserve requirement ratio (RRR) cut has been well received by the market. Foreigners bought a net $625 million worth of Mainland shares overnight, the 7th straight day of net buying, and the most in a week. Mainland investors bought a net $129 million worth of Hong Kong shares, the 10th consecutive day of net buying. Financials were one of the best performing sectors in Mainland China, Hong Kong, and globally. HSBC was up +2.9% overnight. Technology was also a strong performer in Hong Kong as the Hang Seng Tech Index gained +2.5% overnight, led by gaming names on strong approvals, including of foreign games, in the lates round. … [Read more...] about China Goes Risk On

APR is largely buoyed by a wide range of brands. [APR] APR, a global beauty tech company, announced its plan to strengthen its business capabilities related to beauty devices while attracting pre-public offering worth 8 billion won ($6.1 million) in recognition of its enterprise value of 700 billion won. On March 13, APR posted its attraction to the Korea Financial Supervisory Services’ Data Analysis, Retrieval and Transfer System (DART). With its pre-IPO investment, NongHyup-Soo Investment Capital Innovation Growth M&A Investment Association, companies that have continued investment in innovative corporations including SJ Partners and Industrial Bank of Korea (IBK), have participated. APR holds a number of brands including medicube, AGE-R, Forment, Aprilskin, Nerdy and Glam.D Bio. Among the brands, AGE-R is receiving spotlight for rapid growth since being introduced in 2021. Its beauty devices including AGE-R Derma EMS, AGE-R Ussera, AGE-R Air, and AGE-R Booster-H posted … [Read more...] about APR to use beauty devices to take business to the next level

Share to Twitter Share to Linkedin Sanjay Reddy is a co-founding partner of Unlock Venture Partners . In early-stage investing, venture capitalists don’t just evaluate the business opportunity, traction or total addressable market. The traits, ethics and drive of the founder or management team are more important than anything else. Diligence in the early stage of investing doesn’t look at company financials the same way a later-stage investment does, because those numbers don’t yet exist. It’s a common myth that every successful founder is a 22-year-old college dropout with big dreams. However, a study conducted by researchers from MIT, Northwestern, NBER and the U.S. Census Bureau discovered the average age of a founder with at least one employee was around 42. So what does diligence consist of in early-stage investing? It’s a combination of the founder’s experience, market knowledge, and personality and motivation. Experience … [Read more...] about 3 Things Early-Stage Investors Look For In Founders

Silicon Valley Bank was shut down in March 2023 by the California Department of Financial Protection and Innovation. Based in Santa Clara, California, the bank was shut down after its investments greatly decreased in value and its depositors withdrew large amounts of money, among other factors. Bank failures like this have happened before—there were more than 550 banks shut down between 2001 and the start of 2023. But this one was particularly newsworthy. Not only did it come at a time when many people in the U.S. already feared a recession, but it was also the largest bank to fail since Washington Mutual closed its doors amid the financial crisis of 2008. To help you understand what exactly went wrong with Silicon Valley Bank, we’ll dive a bit deeper into the history of the bank, the events leading up to the collapse, and what it means for depositors, investors, and the economy in general. Key Takeaways Silicon Valley Bank (SVB)—the 16th largest bank in the United … [Read more...] about What Happened to Silicon Valley Bank?

Share to Twitter Share to Linkedin Esteban Castaño TRM LABS Reported by Nina Bambysheva, Michael del Castillo and Steven Ehrlich The cryptophiles are settling into the realities of a bear market, but their recent triumphs should not be lost. A record nine cryptocurrency-focused companies made it onto this year’s Forbes Fintech 50 list–an honor roll of the most innovative private companies in fintech. Collectively, these nine trailblazers have raised $6.5 billion in venture capital, with the lion’s share of that coming within the past 12 months. Leading the pack is billionaire Sam Bankman-Fried’s crypto exchange FTX, which raised $1.5 billion in private funding last year alone, jolting its valuation from $1.2 billion to $25 billion. A $500 million raise this past January took its valuation to $32 billion, making it the third most valuable private fintech headquartered or doing business in the U.S. With its rapidly growing U.S. … [Read more...] about The Future Of Crypto And Blockchain: Fintech 50 2022