Main topic: Zepto's $200 million fundraise and plans for an IPO in early 2025
Key points:
1. Zepto has become a unicorn startup after raising $200 million in a Series E round, valuing the company at $1.4 billion.
2. The fundraise will strengthen Zepto's balance sheet and position the company well for future profitability and an IPO.
3. Zepto's focus is on expanding its quick commerce services in India's largest cities, aiming to achieve $1 billion in annualized sales and profitability within the next few quarters.
British semiconductor designer Arm Holdings is planning a multibillion-dollar initial public offering (IPO) on the Nasdaq Stock Exchange in the US, aiming to raise between $8 billion and $10 billion with a valuation of $60 billion to $70 billion, positioning itself as one of the biggest IPOs of 2023.
Instacart aims for a valuation of up to $9.3 billion in its upcoming IPO, a significant decrease from its previous funding round, with cornerstone investors agreeing to buy up to $400 million worth of shares.
Birkenstock, the iconic sandal maker, has filed for an initial public offering (IPO) and warned investors about the risks posed by counterfeit products promoted on social media.
German premium footwear brand Birkenstock has filed for an initial public offering in the US, following the footsteps of other European companies seeking a foreign listing, with its filing revealing a rise in net revenue but a fall in profit for the first half of the year.
German sandal company Birkenstock, known for its anatomically shaped cork-and-latex insoles, is set to become a publicly traded company on the New York Stock Exchange, with an expected valuation of over $8 billion.
Instacart raised $660 million in its initial public offering (IPO) at the top of the price range, resulting in a fully diluted valuation of $9.9 billion and making it one of the biggest companies to go public this year, providing relief to the IPO market.
Marketing automation company Klaviyo Inc achieved a valuation of $9.2 billion in its IPO after pricing its shares at $30 each, signaling a rebound in the U.S. IPO market.
German defence contractor Renk plans to price its IPO at 15 to 18 euros per share, potentially giving it a valuation of up to 1.8 billion euros ($1.92 billion), with private equity owner Triton continuing to hold a majority stake and planning to sell up to 27.03 million Renk shares, potentially raising between 405 and 486 million euros.
German sandal maker Birkenstock is set to be valued at up to €9.2bn ($9.7bn) in its upcoming initial public offering on the New York Stock Exchange, with shares priced at $44 to $49 each, following a resurgence in popularity over the past two years, propelled by celebrity endorsements and fashion trends.
German shoemaker Birkenstock plans to sell shares for between $44 and $49 apiece in its upcoming IPO on the New York Stock Exchange, potentially valuing the company at up to $10 billion.
Birkenstock Holding is set to go public at a $10 billion valuation after securing enough investor commitments to price its U.S. IPO at the top of its indicated range, potentially raising $1.58 billion.
Birkenstock, a popular sandal maker, has filed for an IPO and has gained popularity across various sectors including healthcare, fashion, and technology, with its designs appearing in movies, fashion shows, and on the feet of influential figures like Steve Jobs.
German sandal maker Birkenstock, known for its emphasis on comfort and support, is set to start trading on the New York Stock Exchange with its initial public offering valuing the company at roughly $8.6 billion, raising questions about the brand's ability to maintain its momentum and whether the pressure of public markets will help or hurt its long-standing reputation.
U.S. stock futures rise as investors await the release of Fed minutes and consider hints from officials about potential interest rate hikes; ExxonMobil is expected to announce a $60 billion acquisition of Pioneer; Birkenstock prices its IPO at $46 per share.
German sandal maker Birkenstock is expected to have a muted debut on the US market, with its shares indicated to open slightly above their offer price and giving the company a potential valuation of $9.74 billion.
Birkenstock's shares have opened 11% below their offer price on the company's US stock market debut, signaling concerns among investors about the sustainability of consumer demand for its popular cork-soled sandals.
Birkenstock's stock ended its Wall Street debut with over a 12% drop from its IPO price, reflecting investor caution and signaling weak demand in the market.
Birkenstock, along with other companies, experienced a disappointing IPO as the stock market slump and external factors affected their debut.
German shoemaker Birkenstock had a lackluster stock market debut, slipping 12.6% on the NYSE, as investors remain cautious about IPOs due to macro uncertainty and high interest rates.
German shoe and sandal maker Birkenstock went public on Wall Street, raising about $495 million in its Initial Public Offering (IPO) despite its shares opening lower than expected.
Birkenstock's IPO stumbled on Wall Street with the worst first-day showing for a US IPO of $1 billion or more in over two years, as bad market timing and disappointing earnings from LVMH overshadowed its conservative pricing strategy.
