Select IPO News (2024)

18/05/2022

Bound Ethos, the premium watch retailer in the country
Mukul Mahavir Agarwal increased his stake in the retailer via a rights issue and bought 23,145 equity shares for Rs 550 apiece. He upped his stake to 9,24,121 equity shares or 4.84 per cent, shows the company's RHP filed on May 6, from 9,00,976 equity shares earlier. His stake in the company is valued at Rs 81.13

13/05/2022

OUTLOOK FOR 2022: ANOTHER YEAR OF STRONG ECONOMIC GROWTH DESPITE A
SLOWER PACE
Strong global economic growth is expected to continue in 2022. Indeed, developed economies still
have additional capacity and central banks are expected to raise interest rates only gradually, creating
a favorable environment for equity prices. However, growth will be more moderate than in 2021 due to
uncertainty around new variants of COVID-19 and possible restrictive measures, a more unstable
geopolitical environment, a potential acceleration of inflation and the risks inherent in the slowdown
such as those caused by the real estate market in China.
Philippe Kubisa, Partner specializing in capital markets at PwC France and Maghreb: “The questions
of valuation and IPO prices will be more than ever at the heart of investors& #39; concerns in the coming
months. They will be more demanding and likely to be more enticed by ESG-themed sectors, such as
alternative energy. he challenges will be to be prepared and to reconcile financial and extra-financial
performance in order to attract investors.”

11/05/2022

CONTRASTING PERFORMANCES AFTER IPOs
IPO performance in 2021 should be cause for caution, particularly as 80% of IPOs in the Americas
underperformed as of December 31, 2021. This is also the case for 57% of IPOs globally. Buoyant
markets in the first half led to strong IPO valuations, before a more tumultuous second half for equity
markets generated more challenging conditions. Investor confidence therefore changed markedly
during the second half of the year, resulting in a relatively weak performance compared to benchmark
indices. Investors should therefore pay increasing attention to the price of IPOs in 2022, especially for
companies that rely heavily on future earnings to support valuations, with interest rates also expected
to rise on major world markets to fight rising inflation.

06/05/2022

Analysts anticipated this loss and judge that the turnover exceeded expectations in the context of an international oil crisis.
The consequences of the war in Ukraine continue to be felt in the oil markets. The British hydrocarbon giant BP suffered a massive loss in the first quarter following the exit of Russian Rosneft and despite a surge in turnover with the surge in oil and gas prices. According to a press release published on Tuesday, May 3, the group's net loss reached 20.4 billion dollars against a profit of 4.7 billion a year earlier, while turnover jumped to 51.2 billion dollars. dollars, up 40.3%, according to a statement Tuesday.
"In a quarter dominated by the tragic events in Ukraine and the volatility of the energy markets, BP's priority has been to provide the reliable energy our customers need," commented Chief Executive Bernard Looney. "Our decision in February to separate from our stake in Rosneft is resulting in a strong loss (...) but has not changed our strategy, our financial framework or our expectations in terms of distribution to shareholders", adds -he.

04/05/2022

IPOs: 2021, a historic year
In 2021: 2,682 initial public offerings (IPO), for an amount of 608 billion dollars (278 billion more thanin 2020)
According to the latest Global IPO Watch report from advisory and auditing firm PwC, strong equity performance and lower market volatility in 2021 have been supportive for global IPOs. In 2021,markets in the United States and Europe recorded double-digit returns, supported by the recovery ofthe global economy, strong corporate earnings and accommodative monetary policies, despite therise in the inflation and some geopolitical instability in the second half.

29/04/2022

The TikTok spur

Apple also saw its growth slow over the period from January to March, as expected. Its quarterly revenue reached $97.2 billion, up 9% year-on-year. This is the first time since the summer of 2020 that Apple has posted single-digit growth. The Cupertino group has so far managed to limit the supply problems affecting the entire electronics sector, particularly in the semiconductor industry.

But the disruption caused by the resurgence of coronavirus cases should deprive it of 4 to 8 billion dollars of income for the current quarter, announced Thursday the leaders of the group. For Alphabet (Google, YouTube) and Meta (Facebook, Instagram), the two leaders in online advertising, the unfavorable economic context means that advertisers are managing their budgets more carefully.

And many of them are attracted by the star TikTok, the application of short, musical and funny videos, ultra popular with young people. The two Californian companies have assured that their short video formats, copied from TikTok, are progressing well in terms of audience, and that they are actively working on their monetization.

The "YouTube Shorts" now generate "more than 30 billion daily views, four times more than a year ago", welcomed Sundar Pichai, the boss of Alphabet. “Our transition to short formats is not yet generating substantial revenue at this time, but we are optimistic,” assured Mark Zuckerberg, the founder of Meta. "It will take several years," said Sheryl Sandberg, its director of operations.

22/04/2022

Goldman Sachs, Wells Fargo, Citigroup, and Morgan Stanley are four prominent U.S. banks that recently released their first-quarter results. This is how they accomplished it:

1)Goldman Sachs: The Wall Street firm outperformed expectations in terms of revenue and earnings. Goldman Sachs' stock increased by more than 2% in premarket trading.
2)Wells Fargo: The San Francisco-based bank's stock dropped after it missed revenue projections, owing to a drop in mortgage lending in the quarter. According to Refinitiv, Wells Fargo's earnings per share of 88 cents were higher than the analysts' expectations of 80 cents. 3)Citigroup: Exceeded revenue and profit expectations. Citi made $2.02 per share on $19.19 billion in revenue. The stock was up more than 3% in pre-market trading.
4)Morgan Stanley: The bank outperformed analyst expectations on both the top and bottom lines, sending its stock up more than 2%. Trading revenue growth powered the outstanding quarterly results.

18/04/2022

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13/04/2022

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01/04/2022

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