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Hong Kong to launch consultation on SPAC listings in third quarter

Hong Kong Exchanges and Clearing Ltd will launch a consultation on rule changes in the third quarter of this year to allow special purpose acquisition companies (SPACs) to list in the city, a summary of a meeting of the city's top finance officials published on Friday showed...
Hong Kong Jason Neely Alun John Thomson Reuters Trust Principles Clearing Ltd Singapore Exchange

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LifeStance Health valued at more than $7 bln in U.S. IPO

By Reuters Staff 1 Min Read June 10 (Reuters) - LifeStance Health Group Incโ€™s shares jumped over 11% in their Nasdaq debut on Thursday, giving the therapy provider a market value of nearly $7.5 billion and underscoring demand for mental health services during the COVID-19 pandemic. The companyโ€™s stock, backed by an affiliate of buyout firm TPG, opened at $20, compared to the initial public offering price of $18 set on Wednesday. (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Sha...
Shailesh Kuber Noor Zainab Hussain Thomson Reuters Trust Principles Lifestance Health Group Inc Stance Health Group Inc Thomson Reuters Trust

Marqeta prices IPO above range, valuing startup at $15 billion

2 Min Read NEW YORK (Reuters) -U.S. payments startup Marqeta, which counts the likes of Uber and Stripe among existing backers, on Tuesday priced its initial public offering (IPO) well above the target range to raise $1.2 billion, the company said in a statement. Marqeta sold 45.45 million shares at $27 per share. It had earlier set a price range of $20 to $24 a share. On a fully diluted basis, which includes securities such as stock options and restricted stock units, Marqeta is currently valu...
Sherry Jacob Phillips Goldman Sachs Thomson Reuters Trust Principles Square Inc Doordash Inc Uber Technologies

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