The newly-listed Ola Electric Mobility on Friday announced that it will be holding its first board meeting after the listing on the exchanges, scheduled for August 14, 2024. “Pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we wish to inform you that … Read more
Bhavish Aggarwal, Chief Executive Officer (CEO) of Ola Cabs and founder of Ola Electric speaks during a press conference ahead of the Initial Public Offer (IPO). Ashish Vaishnav | Sopa Images | Lightrocket | Getty Images Shares of Ola Electric surged 20% on their market debut on Friday, valuing the Indian electric vehicle startup at … Read more
ET Intelligence Group: Pune-headquartered Brainbees Solutions is a unicorn startup that runs India’s largest multi-channel retailing platform, FirstCry, as a one-stop solution for mothers, babies and kids for shopping, content, community engagement and education (pre-schools). The company is launching a ₹4,193 crore initial public offering (IPO), which includes a fresh issue of ₹1,666 crore and … Read more
Signage for the Monetary Authority of Singapore (MAS) is displayed outside the central bank’s headquarters in Singapore. Sam Kang Li | Bloomberg | Getty Images Singapore’s central bank has established a task force to bolster the city-state’s stock market. The Monetary Authority of Singapore announced that the review group will evaluate measures to “improve the … Read more
The initial public offer (IPO) of Akums Drugs and Pharmaceuticals has opened for subscription. The issue, which closes on August 1, will fetch the company around Rs 1,857 crore. The IPO comprises a fresh issue of shares worth Rs 680 crore and an offer for sale (OFS) of up to 1.73 crore shares with a … Read more
The SoftBank-backed electric scooter maker Ola Electric is set to open its IPO for retail subscription on August 2. The public issue will open for investors a day earlier and close for retail subscriptions on August 6. Here are 10 things investors should know about the public offer: 1. Ola Electric IPO Size The Bhavish … Read more
Lineage, the largest temperature-controlled warehouse real estate investment trust (REIT) in the world, rose by as much as 5% in its Nasdaq Stock Market debut on Thursday, after going public under the ticker symbol “LINE.” Lineage priced 57 million shares at $78 apiece on Wednesday, near the top of its initial $70 to $82 target range. … Read more
Ola Electric is expected to launch its public offering for subscription in the next few weeks at a discounted valuation of around $4 billion, a decrease of about a fourth from its last private funding round, multiple people aware of the details said. In September 2023, Ola Electric had snagged a value of $5.4 billion … Read more
New Delhi: Japan’s Softbank investment arm Softbank Vision Fund exited from Paytm in the June quarter at a loss of around USD 150 million, sources aware of the development said. Softbank invested about USD 1.5 billion in One97 Communications — the owner of Paytm brand — in tranches in 2017. “Softbank has exited Paytm at … Read more
The StubHub logo is seen at its headquarters in San Francisco. Andrej Sokolow | Picture Alliance | Getty Images StubHub is delaying a potential initial public offering until after Labor Day, according to a person familiar with the deal. The online ticketing service had been eyeing a summer IPO, aiming for a valuation of at … Read more
