The company is “looking to ride the recent wave of successful new listings after the COVID-19 pandemic crushed the market for new issues."
The investor is betting that blank-check mergers continue to be an attractive alternative to traditional IPOs amid the current market volatility.
“We are proud of the progress we have made over the past few years, and believe we have a long runway for growth ahead of us."
The record label believes "consumer adoption of paid streaming services still has significant potential for growth.”
“Unlike other recent IPO candidates, Reynolds Consumer is profitable and has a decades-long history of making and selling everyday goods."
The mattress firm's IPO filing says it is the first company to serve the growing "sleep economy" in a "holistic" way.
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.
