Page 53 - Latest Updates on IPO
German Covid-19 vaccine developer CureVac to raise up to $213 mn in US IPO
German biotech CureVac B.V., which is in early stages of testing its coronavirus vaccine, said on Monday it expects to raise up to $213 million in its U.S. initial public offering (IPO).
 "German Covid-19 vaccine developer CureVac to raise up to $213 mn in US IPO")
Mindspace REIT IPO sees 13 times more demand than shares on offer
Mindspace REIT has already allotted units worth Rs 2,644 crore to anchor investors
 "Mindspace REIT IPO sees 13 times more demand than shares on offer")
Mindspace Business Parks REIT IPO fully subscribed a day before close
The price band for the REIT offering is Rs 274-Rs 275 per unit
 "Mindspace Business Parks REIT IPO fully subscribed a day before close")
Rossari Biotech shares soar 75% on debut on the back of huge demand
The last company to list following an IPO was SBI Cards on March 16
 "Rossari Biotech shares soar 75% on debut on the back of huge demand")
Rossari Biotech to launch Rs 500 cr initial public offering on Monday
Rossari has reduced the fresh issue component from Rs 150 crore to Rs 50 crore
 "Rossari Biotech to launch Rs 500 cr initial public offering on Monday")
UTI MF looks to bury the ghosts of the past as it finally goes public
The 3rd fund house to go public will succeed if legacy issues are put to rest; Industry insiders say that till now UTI has high brand recall in smaller cities, when investors consider a MF portfolio
 "UTI MF looks to bury the ghosts of the past as it finally goes public")
UTI AMC yet to resolve pension issue of former staff as IPO nears
Employee association plan to move court if corrective action is not taken
 "UTI AMC yet to resolve pension issue of former staff as IPO nears")
Three Life Insurance Corp unions urge govt not to divest stake in insurer
According to them, LIC today is managing assets in excess of Rs 32 trillion
 "Three Life Insurance Corp unions urge govt not to divest stake in insurer")
Online used car seller Vroom raises $467.5 million in upsized US IPO
Vroom priced its IPO at $22, above the initially marketed range of $18 to $20
Is India's richest man Mukesh Ambani betting on US-China tech war?
US-traded Chinese technology firms such as JD.com and NetEase are looking for an alternative home closer to the mainland in case tensions between Washington and Beijing escalate
 "Is India's richest man Mukesh Ambani betting on US-China tech war?")
Covid-19 impact: PE/VC investments hit 12-quarter low at $5.1 billion
At $2.2 billion, large deals declined by over 70 per cent on a year-on-year basis in the same period
 "Covid-19 impact: PE/VC investments hit 12-quarter low at $5.1 billion")
After Facebook, what other deals are in the offing for Mukesh Ambani' RIL?
Mukesh Ambani, in August 2019, had said he wanted to make RIL a zero-debt company in 18 months by selling stakes in several businesses and unlocking value in some others
 "After Facebook, what other deals are in the offing for Mukesh Ambani' RIL?")
Ashok Leyland shares fall 26%, touch a fresh 52-week low of Rs 47.25
A month later, now, the company announced that it would invest Rs 1,200 crore to buy stake in HFL
 "Ashok Leyland shares fall 26%, touch a fresh 52-week low of Rs 47.25")
Ashok Leyland to acquire additional 19% stake in Hinduja Leyland Finance
The cost of acquisition will be not be exceeding Rs 1,200 crore, on cash consideration
 "Ashok Leyland to acquire additional 19% stake in Hinduja Leyland Finance")
BS insurance roundtable: 'Government doesn't determine LIC's investments'
Tax incentive was actually a motivation for individuals to be careful and more risk aware, as well as to protect their families
 "BS insurance roundtable: 'Government doesn't determine LIC's investments'")
SBI Card IPO: YES Bank clients asked to pay using different bank account
Nearly Rs 1,500 crore worth of bids in the IPO have come from YES Bank accounts
Yes Bank's rescue math: SBI Cards share sale can fund the revival
Lender mopped up Rs 2,800 crore from the share sale
 "Yes Bank's rescue math: SBI Cards share sale can fund the revival")
Antony Waste extends IPO closing to March 16, cites exceptional volatility
Antony Waste IPO comprises of Rs 35 crore of fresh fund raising and Rs 171 crore of secondary share sale
 "Antony Waste extends IPO closing to March 16, cites exceptional volatility")
NSE may get more breathing space for disinvesting 37% stake in CAMS
Last month, Sebi had directed the bourse to divest its entire stake in the registrar and transfer agent (RTA) within a year
 "NSE may get more breathing space for disinvesting 37% stake in CAMS")
SBI Cards IPO subscribed 15.15 times so far on third day of bidding
SBI Cards expects to raise around Rs 10,355 crore through the IPO
 "SBI Cards IPO subscribed 15.15 times so far on third day of bidding")
