Intel’s self-driving unit Mobileye files for U.S. IPO By Reuters

© Reuters. FILE PHOTO: Mobileye driverless car logo is seen on a vehicle at the Nasdaq Market site in New York, U.S., July 20, 2021. REUTERS/Jeenah Moon/File Photo (Reuters) – Intel Corp (NASDAQ:)’s self-driving unit, Mobileye (F:), on Friday filed for an initial public offering in the United States, revealing a 21% growth in revenue … Read more

Laser Photonics stock falls 24% following $15M IPO (Pending:LASE)

2d illustrations and photos Laser Photonics (LASE) stock was trading 24% lower following the company’s $15M initial public offering Friday morning. Shares of Laser Photonics opened at $5, recently changing hand at $3.78 at approximately 11:50 a.m. ET. The company offered 3M shares at $5 per share. Underwriters were granted a 45-day option to buy … Read more

India Regulator to Restart Review Process for IPO of Fairfax’s Digit Insurance: Sources

India’s markets regulator will restart a review of a $440 million initial public offering of Digit Insurance after the company resolved certain compliance issues that had led to the regulator putting the process on hold, two sources told Reuters on Friday. The Securities and Exchange Board of India (SEBI) put Canadian billionaire Prem Watsa-backed Digit … Read more

TripActions Reportedly Files for IPO

TripActions has filed confidential paperwork for an initial public offering next year, according to a report from Business Insider. The travel, card and expense management company plans to go public in the second quarter of 2023 with a valuation of $12 billion, according to the report, which cited an unnamed source. That’s up from its reported … Read more

Sebi to allow confidential pre-filing of IPO documents in Sept 30 meet

The Securities and Exchange Board of India (Sebi) is set to allow confidential pre-filing of offer documents to safeguard sensitive business information, says a report in the Economic Times (ET). Currently, countries like the US and Canada allow confidential pre-filing with regulators. The board also aims to relax open offer pricing norms for the disinvestment … Read more

wapcos ipo: WAPCOS files DRHP with Sebi for IPO; govt to sell 3.25 crore shares

New Delhi: State-run enterprise WAPCOS filed a draft red herring prospectus (DRHP) to launch an initial public offering (IPO) with the capital markets regulator Sebi. WAPCOS is a wholly-owned public sector enterprise engaged in engineering consultancy and construction under the control of the Ministry of Jal Shakti, Government of India. It provides engineering consultancy services … Read more

Singapore’s Prime Skyline updates terms for proposed $18M US IPO (Pending:PSE)

2d illustrations and photos Singapore’s Prime Skyline Limited (PSE), a provider of building envelope services in Southeast Asia, has provided updated terms for a proposed $18M US initial public offering. The company said in a filing that it is looking at offering 4.6M ordinary shares priced at $4 per share. Underwriters would be granted a … Read more

Top headlines: IPO disclosure norms, moonlighting, telecom bill, and more

India Inc braces for impact of rupee fall, rushes to take forward cover Home-grown companies are preparing for life after the rupee falls to Rs 80 versus the US greenback. Companies without a natural hedge like export earnings are rushing to take forward cover as they expect the rupee to fall gradually in … Read more

Anticoagulant drug developer Cardrenal Therapeutics files for $10M IPO

designer491 Anticoagulant drug developer Cardrenal Therapeutics (CVKD) has filed for a proposed $10M initial public offering. Cardrenal said in a filing that it considering offering 2M shares at the assumed price of $5 per share, which would raise $10M. Underwriters would be granted a 45-day option to buy up to 300K additional shares. Boustead Securities … Read more