Lipella Pharmaceuticals upsizes IPO, adds $11M shares by selling stockholders

Drug redeveloper Lipella Pharmaceuticals (LIPO) has upsized its proposed $7M initial public offering by adding $11M in shares from selling stockholders. Lipella said in a filing that it is still looking to offer 1.17M shares at the assumed price of $6 per share, a number that could likely change. Certain selling stockholders will be offering 1.76M shares at the same price, which would raise around $11M. Lipella would not receive any proceeds from shares sold by stockholders.
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Weave Communications Aims For Improved Sales Efficiencies As Recession Threatens

Weave Communications went public in November 2021, raising approximately $120 million in gross proceeds in a U.S. IPO. The company provides provides a suite of customer communications software primarily to small businesses. A Quick Take On Weave Communications. Weave Communications (NYSE:WEAV) went public in November 2021, raising approximately $120 million...
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Australian gym equipment retailer Fitell sets terms for proposed $20M IPO

Australian online gym equipment retailer Fitell (FTEL) has set terms for a proposed $20M initial public offering on the US market. Fitell said in a filing that it is looking at offering 3M shares, priced between $4 and $6, which would raise the company around $15M. A selling stockholder intends to offer another 1M shares at the same price. Fitell would not receive proceeds from the sales of shares by the existing stockholder.
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Moving services provider Elate Group sets terms for proposed $34M IPO

Moving services company Elate Group (ELGP) has disclosed terms for a proposed $34M initial public offering. Elate said in a filing that it is planning to offer 1.3M units, with each unit consisting of one Class A common share plus two warrants to buy one Class A common share apiece. The units will be priced between $5.25 and $7.25, which would raise around $8M if priced at the midpoint at $6.25 per unit.

Vodafone: Disappointing Results But Valuation Too Low To Ignore

Vodafone lowers its guidance and announces sharp cost cuts. Vantage Towers deal analysis and Vodafone debt reduction target confirmed. Here at the Lab, we recently initiated to cover Vodafone Group plc (NASDAQ:VOD). On the core business, we anticipated that the company's new sales policy linked to the inflation rate could be a supportive catalyst to going back to earnings growth. In addition, our analysis emphasized how the European telecommunications sector was relatively immune to the higher energy prices and we forecasted a lower-than-expected EBITDA decline. On the valuation, we were more pessimistic and more cautious about the EBITDA outlook set at the lower end of Vodafone's range. Following the half-year results, we were right, indeed, the company announced a lower EBITDA guidance. Despite that, we initiated with an outperforming rating supported by an interesting FCF yield (higher than comps) and the positive evolution of what we called the company's “top priority” i.e. the tower deal.

Luckin Coffee: A Good Business Model But The Stock Is Overvalued

Luckin Coffee Inc. is a company in China with an interesting business model operating in a sector with plenty of growth potential. The company allegedly fabricated transactions and was subsequently delisted from NASDAQ in 2020. Luckin Coffee (OTCPK:LKNCY) shares are up about 33% this year as of the time of...

Magellan Midstream Partners Could Fuel Higher Returns For Your Portfolio

Shares in Magellan Midstream Partners have performed poorly in the last five years. Nevertheless, in the year-to-date, the partnership has been a stock market winner. The partnership has a track record of strong growth, profitability, and skillful capital allocation. Tulsa, Oklahoma based ammonia and petroleum partnership, Magellan Midstream Partners, L.P....

Hong Kong Sees IPO Slowdown Reversing; Eyes International Issuers

Hong Kong has more than a hundred applicants in the pipeline for initial public offerings (IPOs) and is eyeing more companies and investors from markets including the Middle East and Southeast Asia, the chairman of the city's bourse operator said. China's economic slowdown, a sweeping regulatory crackdown that has tightened...

Tech and Capital Markets Reform Fuel GCC IPO Boom

It’s been a dry year for initial public offering (IPO) volume around the world. But while most stock markets have experienced a decline in both the volume and average value of IPOs so far in 2022, the Gulf Cooperation Council (GCC) region stands out as an exception. In the...

Fiverr CEO: "We had to downsize. It was the right step to take in a market where growth has become difficult"

"Fiverr is very sensitive to macro changes. We were among the first companies to report a slowdown in growth, in March - before most companies felt it. As most of our customers are SMB’s they react very quickly to macro changes, similar to retail - Amazon is not living up to their predictions either. Within this challenging environment, the company's performance has been phenomenal,” said Micha Kaufman, Founder and CEO of global online marketplace Fiverr.

Time to Buy Bumble Stock as It Outperforms Rival?

BMBL - Free Report) and Match (. MTCH - Free Report) are down big this year while Meta Platforms (. SNAP - Free Report) have been crushed in the social media realm. However, investors may be wondering if this year’s decline is an opportunity to invest in Bumble as it starts to really challenge its larger and older rival Match.

Jack Ma living in Japan after China tech crackdown: FT

Alibaba founder Jack Ma has been living in Tokyo for almost six months after disappearing from public view following China's crackdown on the tech sector, the Financial Times reported Wednesday, citing multiple unnamed sources. The billionaire has kept a low profile since the crackdown, which has included Chinese regulators scrapping...

Ithaca Energy posts huge $2bn profits in first results since IPO

North Sea producer Ithaca Energy (LON: ITH) has posted pre-tax profits of more than $2bn in its first set of results since its London debut. The figures, for the first nine months of 2022, have more than quadrupled on the same period in 2021, when pre-tax income was $463.5m. Ithaca...

What will happen to Indian startup IPOs in 2023?

Many Indian unicorns are stuck between a rock and a hard place. Despite the brutal beating that companies like Paytm, Nykaa, and Zomato took on the stock exchanges this year, a host of their peers will be forced to launch their initial public offerings (IPOs) in 2023 — simply because all other taps have run dry.