The payments firm's offering suggests that "not only can companies still losing money and burning cash go public, they may even get a strong reception.”
Investor enthusiasm for the secondary listing is "a vote of confidence in the Asian financial hub" after months of civil unrest.
All companies will now be able to gauge the interest of institutional investors in a possible public offering before filing a registration statement.
″Investors are taking recent losses in IPOs — and investors are fleeing for safety in larger caps and Treasurys,” a market expert says.
The Hollywood powerhouse's sale of more than 19 million shares priced between $30 to $32 would be the first flotation of a talent agency.
The company is the latest in the enterprise IT space to have a strong first day of trading.
The disruptor of traditional orthodontic models is looking to raise $1.29B.
The sale to Japan's Asahi "puts the Asia IPO misstep to bed with the company both deleveraging and getting a rich multiple for a developed market business."
The offering had been expected to raise up to $9.8 billion but investors apparently balked at AB InBev's valuation of Budweiser APAC.
“The torrent of activity in the second quarter means that 2019 is shaping up to be a banner year for the IPO market."
Pinterest's adjusted loss was three times worse than expected, taking some of the steam out of the stock's post-IPO surge.
“We believe we are defining a new category called the Security Cloud," the company says in its prospectus.
