Page 34 - New Issues News Today

Alkami Technology Inc on Monday raised the target price range for its U.S. initial public offering, lifting the banking software provider's aimed valuation to about $2.33 billion.

4 Min Read LONDON (Reuters) -Darktrace, the British cyber security firm backed by tech entrepreneur Mike Lynch, fired the gun on its $4 billion London listing on Monday, aiming to raise new funds to accelerate product development and strengthen its balance sheet. The technology company, founded in 2013 in the university city of Cambridge, uses AI to understand IT networks and detect attacks by identifying unusual behaviour. “We are in a new era of attacks...it’s going to be these little pie...

Bahrain's National Oil and Gas Holding Company (NOGA Holding) launched eight-year sukuk, or Islamic bonds, on Wednesday to raise $600 million at 5.25%, a document from one of the banks on the deal showed.

3 Min Read BENGALURU (Reuters) - Indian real estate company Macrotech Developers Ltd’s initial public offering (IPO) was oversubscribed 1.36 times on the final day, as its weak sales, substantial debt and a resurgence of COVID-19 cases weighed on investor interest. Macrotech, formerly known as Lodha Developers, is among the major players in the Indian real estate industry. Most of its residential projects are concentrated in the country’s financial capital of Mumbai, which regularly feature...

By Reuters Staff 2 Min Read (Changes attribution in paras 3 and 4 to a source within the company, not a company spokeswoman) April 9 (Reuters) - Spanish ride hailing app Cabify said on Friday it had hired a chief financial officer to accelerate its plans to list on the Madrid stock exchange and capitalise on a pandemic-induced boom for urban mobility and rapid delivery service apps. Cabify, in an emailed statement, confirmed media reports that it had picked Antonio Espana, former CFO of gas pip...

4 Min Read PARIS (Reuters) -France will contribute to a 4 billion-euro ($4.7 billion) recapitalisation of Air France-KLM and more than double its stake to nearly 30%, under plans announced on Tuesday with European Union approval. The move is the latest by a major airline group to shore up finances after more than a year of COVID-19 travel shutdowns and deep losses for the sector. The French government will convert a 3 billion-euro loan granted last year into a perpetual hybrid bond instrument a...

3 Min Read NEW YORK/WASHINGTON, March 24 (Reuters) - The U.S. securities regulator has opened an inquiry into Wall Street’s blank check acquisition frenzy and is seeking information on how underwriters are managing the risks involved, said four people with direct knowledge of the matter. The U.S. Securities and Exchange Commission (SEC) in recent days sent letters to Wall Street banks seeking information on their special purpose acquisition company, or SPAC, dealings, the four people said. SP...

2 Min Read (Reuters) - GameStop Corp shares fell 12% on Monday after the video game retailer said it may sell up to $1 billion worth of stock as it takes advantage of a dizzying rally in its shares this year on the back of a Reddit-driven retail trading frenzy. FILE PHOTO: U.S. one dollar banknotes are seen in front of displayed GameStop logo in this illustration taken February 8, 2021. REUTERS/Dado Ruvic/Illustration/File Photo The company said it would sell up to 3.5 million shares and use th...

By Reuters Staff 2 Min Read (Reuters) -Alkami Technology Inc is aiming for a valuation of up to $2.08 billion in a U.S. initial public offering (IPO), the banking software provider said in its prospectus on Monday. The company said it was looking to raise as much as $150 million by selling 6 million shares at a price range of $22 to $25 per share. Reuters reported on the Plano, Texas-based firm’s IPO plans in February. Backed by investors including General Atlantic and D1 Capital, Alkami supp...

Vingroup, Vietnam's biggest listed company, is seeking to raise $500 million through its inaugural issue of international bonds this year to pay loans and pump up the capital of its subsidiaries, the company said.