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Morning News Call - India, July 7


Morning News Call - India, July 7
Reuters
11 hrs ago
To access a PDF version of this newsletter, please click here https://share.refinitiv.com/assets/newsletters/Indiamorning/MNC IN 07072021.pdf If you would like to receive this newsletter via email, please register at: https://solutions.refinitiv.com/MNCIndiaSubscriptionpage FACTORS TO WATCH • 10:00 am: GR Infraprojects, Clean Science and Technology IPOs open for subscription in Mumbai. • 11:00 am: Consumer Affairs Secretary Leena Nandan at FICCI webinar. • 1:00 pm: Commerce Minister Piyush Goyal, Textile Minister Smriti Irani, Heavy Industry Secretary Arun Goel, Tata Steel Managing Director and CII President T.V. Narendran and other industry heads at CII Indo Pacific Business summit. • 3:00 pm: Tourism Secretary Arvind Singh, Joint Secretary Rakesh Kumar Verma at FICCI webinar. • 4:00 pm: Happiest Minds Technologies to hold Annual General Meeting. INDIA TOP NEWS • Japan s SMFG ....

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Darktrace soars on London stock market debut as UK set for record IPO year


Despite the Deliveroo flop, the UK is on track for its strongest-ever annual performance for IPOs, as pent-up demand during the Covid-19 pandemic and optimism around vaccinations drive the surge in listings.
London achieved its strongest IPO showing in the first quarter in 14 years, the consultancy EY said, with more funds raised in the first three months of this year than in any other first quarter since 2007.
The £5.6bn in total funds raised was the most in a single quarter since 2014, with internet retailer Moonpig, Danish online review site Trustpilot and fashion retailer Dr Martens leading the charge.
You’ve got this pent-up activity that s still coming to the fore. ....

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UK on track for record IPO performance in 2021


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Darktrace, which uses AI to detect and respond to cyber threats, has adopted a more cautious approach accordingly, targeting a conservative valuation of up to £1.9bn for its flotation on the LSE s premium segment in what chief executive Poppy Gustafsson described as a “historic moment for the UK s thriving technology sector”.
With the books for the Darktrace listing reportedly covered on the first day of the roadshow, it s another sign of Britain s flourishing IPO market.
The UK is on track for its strongest-ever annual performance for IPOs, as pent-up demand during the Covid-19 pandemic and optimism around vaccinations drive the surge in listings. ....

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