Business Maverick: IPOs Boom With Lasting Pandemic Effect on How Deals Get Done

The initial public offerings process– not just how deals are getting done but also how they’re structured — has adapted in ways that will change capital markets for years to come.

While these meetings are similar to a formal roadshow, no official orders for shares are taken. The U.S. Securities and Exchange Commission amended rules last year to allow all companies to have these meetings, which were previously only available to emerging growth companies. Commitments can take the form of an anchor investment, which is a large order in the IPO, for investors who want to avoid triggering an immediate regulatory disclosure.

So far this year, Agora Inc., a Chinese video call service, rose 153% for the biggest pop at the close of its first day of trading. On Tuesday, financial services company nCino Inc. rocketed as much as 173% from its offer price in its trading debut. The shares were up 168% at 1:11 p.m. in New York, giving the company a market value of $7.4 billion after its $250 million IPO.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BUSINESS MAVERICK ANALYSIS: The ANC and business are still talking past each otherOn Friday 10 July, the ANC and Business for SA (B4SA) released policy documents outlining blueprints for an economic recovery. While finding common ground on a couple of points, they are still depressingly far apart.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Building back better for an investable futureThe COVID-19 emergency has accelerated the already growing focus on environmental, social and governance performance within asset management. Even before the outbreak, 2020 had looked set to be a watershed year for ESG with climate change putting the industry at the edge of a fundamental reshaping of finance. The ability to deliver against an ESG agenda will come to define outstanding performance and provides a significant opportunity and brand credentials at Old Mutual Investment Group (OMIG) for fund development and investment differentiation.
Source: dailymaverick - 🏆 3. / 84 Read more »