I am “just overwhelmed,” said Vijay Shekhar Sharma, while wiping tears from his eyes. He was addressing an audience at the listing ceremony of One97 Communications, the parent company of digital payments giant Paytm. Sharma founded the company nearly two decades ago. In the last five years, Paytm has become […]
IPO
Robinhood investors may have the last laugh after lackluster IPO
It’s way too soon to make that call. But notably, shares of Robinhood debuted at $38 — the same price as Facebook (FB) in its May 2012 IPO. Today Facebook is trading at nearly $361. Robinhood has certainly had a rollercoaster ride so far: The stock tumbled 8% on its […]
Zomato IPO: Indian food delivery startup is raising $1.3 billion in major public offering in Mumbai
Food delivery startup Zomato is looking to raise some $1.3 billion this week in an initial public offering in Mumbai, the company said in a recent regulatory filing. It expects to close its books on Friday, and is the biggest offering in the country so far in 2021, according to […]
After Didi’s disastrous IPO, China looks to extend its control over overseas listings
The Cyberspace Administration of China (CAC) — the country’s powerful internet watchdog — this weekend proposed that any company with data on more than one million users must seek the agency’s approval before listing its shares overseas. It also proposed companies must submit IPO materials to the agency for review […]
Robinhood files confidentially for IPO despite disastrous start to 2021
The confidential IPO filing suggests that Robinhood plans to capitalize on the flurry of retail trading that the startup helped set off with its zero-commission business model. Robinhood has selected Nasdaq to list its shares on, a separate source familiar with the matter told CNN Business. News of the confidential […]