Softbank-backed chip maker arm is gearing up for its upcoming initial public offering or IPO. Reports suggest that the chip maker is planning to ask investors to pay 47 to 51 dollars for each share when it begins marketing its IPO next week.

Arm prepares for public offering

After a hiatus due to market challenges, Swiggy, the Indian food delivery company backed by Softbank, is targeting IPO plans for stock market listing in 2024. Sources familiar with the matter revealed to Reuters news agency that Swiggy has reinitiated discussions with bankers to evaluate its valuation. The previous funding round in 2022 valued Swiggy at $10.7 billion. However, the company, like numerous other Indian startups, had to shelve its initial public offering (IPO) aspirations due to market uncertainties and concerns over high valuations. The market rebound, both globally and in India, has spurred Swiggy to recommence its IPO preparations.

<h2>Valuation considerations</h2>

To steer its IPO plans, Swiggy has reached out to eight investment banks for proposals in early September. Notable names in the mix include Morgan Stanley, JP Morgan, and Bank of America, Reuters said quoting sources.&nbsp;

Also Read | <a href="https://www.wionews.com/business-economy/with-massive-compensation-for-flyers-saudi-arabia-brings-new-aviation-rules-to-combat-flight-disruptions-629394">With massive compensation for flyers, Saudi Arabia brings new aviation rules to combat flight disruptions</a>

While Swiggy intends to use its prior valuation of $10.7 billion from the latest funding round as a reference point, the company has yet to finalise the extent of the stake sale and ultimate valuation, the sources added.&nbsp;

In contrast, Invesco, a minor shareholder in Swiggy, valued the company at approximately $5.5 billion in May. Swiggy had initially mulled over raising $800 million to $1 billion through its IPO, based on insider sources.

<h2>Tentative timeline&nbsp;</h2>

The sources indicate that Swiggy is aiming to complete its IPO listing between July and September 2024, a window following India's national elections slated for May.&nbsp;Swiggy disclosed that its core food delivery segment achieved profitability in May, a significant milestone nine years after its inception. However, the newer grocery delivery arm, Instamart, continues to face losses.

Notably, Swiggy's competitor, Zomato, has witnessed a 54.8 percent surge in its shares this year, signaling a return of investor trust in India's financial markets.

Also Read | <a href="https://www.wionews.com/world/second-aircraft-reportedly-linked-to-prigozhin-not-linked-to-wagner-629402">Second aircraft linked to Prigozhin had no connection to Wagner: Report</a>

In a recent development, Indian grocery startup Zepto managed to secure $200 million in fresh funding, propelling its valuation to $1.4 billion, and becoming a unicorn.&nbsp;

Watch | India SEBI submits Adani probe status report in Supreme Court

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After a hiatus due to market challenges, Swiggy, the Indian food delivery company backed by Softbank, is targeting IPO plans for stock market listing in 2024. Sources familiar with the matter revealed to Reuters news agency that Swiggy has reinitiated discussions with bankers to evaluate its valuation.

After a hiatus due to market challenges, Swiggy, the Indian food delivery company backed by Softbank, is targeting IPO plans for stock market listing in 2024. Sources familiar with the matter revealed to Reuters news agency that Swiggy has reinitiated discussions with bankers to evaluate its valuation. The previous funding round in 2022 valued Swiggy at $10.7 billion. However, the company, like numerous other Indian startups, had to shelve its initial public offering (IPO) aspirations due to market uncertainties and concerns over high valuations. The market rebound, both globally and in India, has spurred Swiggy to recommence its IPO preparations. Valuation considerations To steer its IPO plans, Swiggy has reached out to eight investment banks for proposals in early September. Notable names in the mix include Morgan Stanley, JP Morgan, and Bank of America, Reuters said quoting sources. Also Read | With massive compensation for flyers, Saudi Arabia brings new aviation rules to combat flight disruptions While Swiggy intends to use its prior valuation of $10.7 billion from the latest funding round as a reference point, the company has yet to finalise the extent of the stake sale and ultimate valuation, the sources added. In contrast, Invesco, a minor shareholder in Swiggy, valued the company at approximately $5.5 billion in May. Swiggy had initially mulled over raising $800 million to $1 billion through its IPO, based on insider sources. Tentative timeline The sources indicate that Swiggy is aiming to complete its IPO listing between July and September 2024, a window following India's national elections slated for May. Swiggy disclosed that its core food delivery segment achieved profitability in May, a significant milestone nine years after its inception. However, the newer grocery delivery arm, Instamart, continues to face losses. Notably, Swiggy's competitor, Zomato, has witnessed a 54.8 percent surge in its shares this year, signaling a return of investor trust in India's financial markets. Also Read | Second aircraft linked to Prigozhin had no connection to Wagner: Report In a recent development, Indian grocery startup Zepto managed to secure $200 million in fresh funding, propelling its valuation to $1.4 billion, and becoming a unicorn. Watch | India SEBI submits Adani probe status report in Supreme Court × This achievement makes Zepto the first Indian startup to reach the billion-dollar valuation mark in nearly a year. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. ×

India: Swiggy revives IPO plans for 2024 stock market listing

Softbank-owned chip maker arm has filed for an initial public offering or IPO in the united states. Reports suggest that this much-anticipated IPO could end up being the biggest this year. The public offering is estimated to be $10 billion. This makes it the biggest IPO in the US since October 2021, when EV maker Rivian automotive's $13.7 billion IPO hit the market.

Chip maker arm files for listing in the US

Softbank Group Corp, a prominent player in the tech industry, is reportedly in talks to secure full ownership of arm ltd, a major chip designer. This chip designer has garnered attention for its potential IPO valuation of $60 billion to $70 billion on Nasdaq next month. Softbank, which currently holds 75% of arm, aims to seize control and potentially deliver gains to investors who have weathered previous losses.

Softbank considers full ownership of Arm ltd | World Business Watch

The Securities Exchange Bureau of India (Sebi) on Wednesday announced that the Initial Public Offering (IPO) listing timeline will be&nbsp;reduced to T+3 days from T+6 days. The new rules, which will come into&nbsp;effect in December this year, will allow&nbsp;IPOs to be listed three days after the issue closing date, The Economic Times reported.

“Consequent to extensive consultation with the market participants and considering the public comments received pursuant to the consultation paper on the aforesaid subject matter, it has been decided to reduce the time taken for the listing of specified securities after the closure of the public issue to three working days (T+3 days) as against the present requirement of six working days (T+6 days); ‘T’ being issue closing date,” The Economic Times quoted Sebi as saying.

The offer documents for public issues must properly disclose the T+3 schedule for listing, the report&nbsp;stated.

For public issues opening on or after September 1, 2023, the new guidelines will be voluntary, and they will be required for issues starting on or after December 1, 2023.

The market regulator said that stakeholders will gain from the shortened listing schedule since issuers and allottees will receive their funds and securities earlier, the report noted.&nbsp;

Additionally, the action guarantees that subscribers who were not given shares would immediately refunds. All stakeholders’ resources, including those of stock exchanges, banks, depositories, and brokers, will be used for a shorter period of time throughout the public offering process.

Companies must complete allocations under the new rules by 6 p.m. on T+1 day. On the T+2 day, funds will be returned to unsuccessful applicants.

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The Securities Exchange Bureau of India (Sebi) on Wednesday announced that the Initial Public Offering (IPO) listing timeline will be reduced to T+3 days from T+6 days.

The Securities Exchange Bureau of India (Sebi) on Wednesday announced that the Initial Public Offering (IPO) listing timeline will be reduced to T+3 days from T+6 days. The new rules, which will come into effect in December this year, will allow IPOs to be listed three days after the issue closing date, The Economic Times reported. “Consequent to extensive consultation with the market participants and considering the public comments received pursuant to the consultation paper on the aforesaid subject matter, it has been decided to reduce the time taken for the listing of specified securities after the closure of the public issue to three working days (T+3 days) as against the present requirement of six working days (T+6 days); ‘T’ being issue closing date,” The Economic Times quoted Sebi as saying. The offer documents for public issues must properly disclose the T+3 schedule for listing, the report stated. For public issues opening on or after September 1, 2023, the new guidelines will be voluntary, and they will be required for issues starting on or after December 1, 2023. The market regulator said that stakeholders will gain from the shortened listing schedule since issuers and allottees will receive their funds and securities earlier, the report noted. Additionally, the action guarantees that subscribers who were not given shares would immediately refunds. All stakeholders’ resources, including those of stock exchanges, banks, depositories, and brokers, will be used for a shorter period of time throughout the public offering process. Companies must complete allocations under the new rules by 6 p.m. on T+1 day. On the T+2 day, funds will be returned to unsuccessful applicants. WATCH WION LIVE HERE

IPO rules changed, listing time brought down further: Sebi 

In a bold departure from the norm, Zyus life sciences inc., a prominent cannabis oil company, is rewriting the playbook for going public by sidestepping the traditional IPO route, they've opted for a reverse takeover strategy. This strategic maneuver involves merging with a well-established crude producer, Phoenix Canada Oil co. ltd.

Cannabis oil company makes history with unconventional IPO route | World Business Watch

Zyus Life Sciences Inc., a leading cannabis oil company, is set to revolutionize the industry as it prepares to go public through a reverse takeover strategy, Bloomberg reported.

By sidestepping the traditional initial public offering (IPO) route, Zyus has opted for a unique approach that involves merging with an established crude producer, Phoenix Canada Oil Co. Ltd. This unconventional decision comes as Zyus faced challenges in the IPO market due to market downturns and a lack of interest from lead investors.

The reverse takeover allows Zyus to negotiate directly with a select group of institutional investors, allowing for lower costs and reduced regulatory scrutiny.

The Journey to Public Trading

Zyus Life Sciences, known for developing cannabinoid drugs to alleviate pain associated with conditions such as osteoarthritis and bone cancer, initially pursued the traditional IPO route. However, unfavorable market conditions and a lack of interest from investors forced them to explore alternative paths.

According to Bloomberg, the company under CEO Brent Zettl encountered difficulties as the markets were heading south, with no takers willing to be the lead investor. This prompted the company to consider a reverse takeover strategy as a viable alternative to achieve its goal of going public.

The Power of Reverse Takeovers

Reverse takeovers have gained popularity during times of market volatility, providing stability and flexibility to companies seeking to go public. Unlike traditional IPOs, which require broad investor participation, reverse takeovers enable negotiations with a select group of institutional investors.

As a result, marketing costs are reduced, and regulatory scrutiny is minimized, allowing companies like Zyus to navigate market challenges more effectively. Professor Ari Pandes from the University of Calgary told Bloomberg&nbsp;that reverse takeovers offer companies a level of stability as they are not at the mercy of market fluctuations, a risk often associated with traditional IPOs.

Zyus Life Sciences' Game-Changing Move

Amid a decline in stock issuances and a challenging IPO landscape in Canada, Zyus Life Sciences' reverse takeover marks a significant milestone for the industry. The company successfully completed the merger with Phoenix Canada Oil Co. Ltd., raising an impressive C$20.1 million in the process. This strategic move enables Zyus to access the public trading markets under the name Zyus Life Sciences Corp&nbsp;on Canada's TSX-Venture Exchange.

The funds raised through the reverse takeover will play a pivotal role in Zyus' growth trajectory. With CEO Brent Zettl having invested C$62 million of his own money into the company, Zyus aims to utilize the capital infusion to support its capital needs and advance its cannabinoid drug development. The company plans to pursue further clinical trials and seek approvals from the US Food and Drug Administration (FDA) for its treatments.

(With Inputs from Bloomberg)

Zyus Life Sciences Inc., a leading cannabis oil company, is set to revolutionize the industry as it prepares to go public through a reverse takeover strategy, Bloomberg reported.

Zyus Life Sciences Inc., a leading cannabis oil company, is set to revolutionize the industry as it prepares to go public through a reverse takeover strategy, Bloomberg reported. By sidestepping the traditional initial public offering (IPO) route, Zyus has opted for a unique approach that involves merging with an established crude producer, Phoenix Canada Oil Co. Ltd. This unconventional decision comes as Zyus faced challenges in the IPO market due to market downturns and a lack of interest from lead investors. The reverse takeover allows Zyus to negotiate directly with a select group of institutional investors, allowing for lower costs and reduced regulatory scrutiny. The Journey to Public Trading Zyus Life Sciences, known for developing cannabinoid drugs to alleviate pain associated with conditions such as osteoarthritis and bone cancer, initially pursued the traditional IPO route. However, unfavorable market conditions and a lack of interest from investors forced them to explore alternative paths. According to Bloomberg, the company under CEO Brent Zettl encountered difficulties as the markets were heading south, with no takers willing to be the lead investor. This prompted the company to consider a reverse takeover strategy as a viable alternative to achieve its goal of going public. The Power of Reverse Takeovers Reverse takeovers have gained popularity during times of market volatility, providing stability and flexibility to companies seeking to go public. Unlike traditional IPOs, which require broad investor participation, reverse takeovers enable negotiations with a select group of institutional investors. As a result, marketing costs are reduced, and regulatory scrutiny is minimized, allowing companies like Zyus to navigate market challenges more effectively. Professor Ari Pandes from the University of Calgary told Bloomberg that reverse takeovers offer companies a level of stability as they are not at the mercy of market fluctuations, a risk often associated with traditional IPOs. Zyus Life Sciences' Game-Changing Move Amid a decline in stock issuances and a challenging IPO landscape in Canada, Zyus Life Sciences' reverse takeover marks a significant milestone for the industry. The company successfully completed the merger with Phoenix Canada Oil Co. Ltd., raising an impressive C$20.1 million in the process. This strategic move enables Zyus to access the public trading markets under the name Zyus Life Sciences Corp on Canada's TSX-Venture Exchange. The funds raised through the reverse takeover will play a pivotal role in Zyus' growth trajectory. With CEO Brent Zettl having invested C$62 million of his own money into the company, Zyus aims to utilize the capital infusion to support its capital needs and advance its cannabinoid drug development. The company plans to pursue further clinical trials and seek approvals from the US Food and Drug Administration (FDA) for its treatments. (With Inputs from Bloomberg)

Zyus Life Sciences lights it up with an unconventional IPO maneuver

Ola electric, a major player in India's electric vehicle market, is making waves as it gears up for a massive stock market listing. Known for its electric scooters, it plans to raise between $600 million and $1 billion in its upcoming initial public offering (IPO), scheduled for late 2023.

Ola electric's $1 billion IPO to accelerate EV market dominance

Ola Electric, a prominent player in India's electric vehicle (EV) industry, is gearing up for a transformative moment as it engages in crucial investor discussions for its highly anticipated initial public offering (IPO).

The company, renowned for its electric scooters, plans to raise an impressive $600 million to $1 billion through the IPO, expected in late 2023, as per a Reuters report.

Backed by influential investors like SoftBank and Temasek, Ola Electric is determined to leverage India's nascent EV market and secure its position as a market leader.

Ola Electric: Riding India's 'Electrifying' EV Wave&nbsp;

Recognizing the growing potential of the EV sector in India, Ola Electric is initiating investor meetings earlier than usual to demonstrate the immense business prospects within the emerging market.

Sources with direct knowledge cited by Reuters reveal that founder and CEO Bhavish Aggarwal will embark on a series of meetings in Singapore, the United States, and the United Kingdom over the next two weeks.

The confidential discussions will involve key investment firms, including BlackRock, GIC (Singapore's sovereign wealth fund), and T Rowe Price.

While Ola Electric is already recognized as a market leader in India's e-scooter segment, where it sells approximately 30,000 electric scooters per month at an average price of $1,600, it faces stiff competition from other startups and established companies such as TVS Motors, Ather Energy, and Hero Electric.

Ola Electric has appointed Bank of America as one of its lead managers to bolster its IPO plans alongside renowned institutions like Goldman Sachs, Citi, Kotak, Axis, and ICICI Securities.

The company plans to file regulatory papers for IPO approval by August, with a focus on its scooter business, growth prospects, and a valuation expected to exceed $5 billion. The IPO is a significant milestone for Ola Electric, enabling it to further expand its operations and solidify its position in India's evolving EV sector.

As one of the world's largest automotive markets, India presents a fertile ground for the rapid growth of the electric vehicle industry. The transition to cleaner and more sustainable transportation has gained significant momentum, with the government implementing supportive policies and incentives to drive EV adoption nationwide.

Ola Electric's IPO holds great promise for the company and the broader development of India's EV ecosystem. By securing substantial investments, Ola Electric aims to accelerate the adoption of electric mobility solutions and contribute to a greener and more sustainable future for the nation.

(With inputs from Reuters)

Ola Electric, a prominent player in India's electric vehicle (EV) industry, is gearing up for a transformative moment as it engages in crucial investor discussions for its highly anticipated initial public offering (IPO).

Ola Electric, a prominent player in India's electric vehicle (EV) industry, is gearing up for a transformative moment as it engages in crucial investor discussions for its highly anticipated initial public offering (IPO). The company, renowned for its electric scooters, plans to raise an impressive $600 million to $1 billion through the IPO, expected in late 2023, as per a Reuters report. Backed by influential investors like SoftBank and Temasek, Ola Electric is determined to leverage India's nascent EV market and secure its position as a market leader. Ola Electric: Riding India's 'Electrifying' EV Wave Recognizing the growing potential of the EV sector in India, Ola Electric is initiating investor meetings earlier than usual to demonstrate the immense business prospects within the emerging market. Sources with direct knowledge cited by Reuters reveal that founder and CEO Bhavish Aggarwal will embark on a series of meetings in Singapore, the United States, and the United Kingdom over the next two weeks. The confidential discussions will involve key investment firms, including BlackRock, GIC (Singapore's sovereign wealth fund), and T Rowe Price. While Ola Electric is already recognized as a market leader in India's e-scooter segment, where it sells approximately 30,000 electric scooters per month at an average price of $1,600, it faces stiff competition from other startups and established companies such as TVS Motors, Ather Energy, and Hero Electric. Ola Electric has appointed Bank of America as one of its lead managers to bolster its IPO plans alongside renowned institutions like Goldman Sachs, Citi, Kotak, Axis, and ICICI Securities. The company plans to file regulatory papers for IPO approval by August, with a focus on its scooter business, growth prospects, and a valuation expected to exceed $5 billion. The IPO is a significant milestone for Ola Electric, enabling it to further expand its operations and solidify its position in India's evolving EV sector. As one of the world's largest automotive markets, India presents a fertile ground for the rapid growth of the electric vehicle industry. The transition to cleaner and more sustainable transportation has gained significant momentum, with the government implementing supportive policies and incentives to drive EV adoption nationwide. Ola Electric's IPO holds great promise for the company and the broader development of India's EV ecosystem. By securing substantial investments, Ola Electric aims to accelerate the adoption of electric mobility solutions and contribute to a greener and more sustainable future for the nation. (With inputs from Reuters)

Scoot to the Stock Market: Ola's Electric IPO Plans Unveiled

Byju's, India's&nbsp;billion-dollar ed-tech start-up, is all set to hit the market with an Initial Public Offering (IPO) of its test preparation&nbsp;division Aakash, a Moneycontrol report said on Monday.&nbsp;

According to the report, Aakash is likely to go public by mid-2024 and Byju's, its parent company, has given the nod to start the IPO process.&nbsp;

The development comes on the same day as the deadline for India's most valuable start-up to pay a quarterly interest of nearly $40 million on a $1.2 billion loan.

Byju's had bought Aakash, a test preparation platform, for $950 million in April 2021. In the last two years, the company has recorded a three-fold jump in revenue.&nbsp;

"The upcoming IPO will provide a significant capital infusion to bolster Aakash's infrastructure, broaden its reach, and extend high-quality test-prep education to a larger number of students across the nation," various media reports quoted the company as saying.&nbsp;

Aakash Education Services Limited (AESL) revenue is on track to reach Rs 4,000 crore (approximately&nbsp;$500 million)&nbsp;with an EBITDA (operational profit) of Rs 900 crore (approximately $110 million) in the fiscal year 2023-24, the company said in a statement.&nbsp;

Aakash has over 325 centres currently serving more than 4,00,000 students across the country.&nbsp;

According to Ken Research, test-preparation&nbsp;market revenues are predicted to grow at a compound annual growth rate of 9.3 percent over 2020-2025, led by the online test preparation segment which is predicted to grow at a CAGR of 42.3 per cent over the same duration.

(With PTI inputs)&nbsp;

Byju's, India's billion-dollar ed-tech start-up, is all set to hit the market with an Initial Public Offering (IPO) of its test preparation division Aakash, a Moneycontrol report said on Monday.

Byju's, India's billion-dollar ed-tech start-up, is all set to hit the market with an Initial Public Offering (IPO) of its test preparation division Aakash, a Moneycontrol report said on Monday. According to the report, Aakash is likely to go public by mid-2024 and Byju's, its parent company, has given the nod to start the IPO process. The development comes on the same day as the deadline for India's most valuable start-up to pay a quarterly interest of nearly $40 million on a $1.2 billion loan. Byju's had bought Aakash, a test preparation platform, for $950 million in April 2021. In the last two years, the company has recorded a three-fold jump in revenue. "The upcoming IPO will provide a significant capital infusion to bolster Aakash's infrastructure, broaden its reach, and extend high-quality test-prep education to a larger number of students across the nation," various media reports quoted the company as saying. Aakash Education Services Limited (AESL) revenue is on track to reach Rs 4,000 crore (approximately $500 million) with an EBITDA (operational profit) of Rs 900 crore (approximately $110 million) in the fiscal year 2023-24, the company said in a statement. Aakash has over 325 centres currently serving more than 4,00,000 students across the country. According to Ken Research, test-preparation market revenues are predicted to grow at a compound annual growth rate of 9.3 percent over 2020-2025, led by the online test preparation segment which is predicted to grow at a CAGR of 42.3 per cent over the same duration. (With PTI inputs)

Byju's test-prep division Aakash to launch an IPO in mid-2024

Alibaba group holding ltd, the Chinese tech giant, is in the news once again. Their cloud unit will face a round of downsizing ahead of an eagerly anticipated initial public offering (IPO).

Alibaba’s cloud unit cuts staff ahead of IPO

The Securities and Exchange Board of India (SEBI) has unveiled an ambitious proposal to cut the time required to list shares on the country's stock exchanges to bolster India's stock market and facilitate faster access to capital. According to a consultation paper released on SEBI's website cited by Reuters, the market regulator aims to reduce the listing timeline from the closure of initial public offerings (IPOs) to just three days. The proposed change has been hailed as a significant stride toward enhancing the ease of doing business and benefiting both issuers and investors.

&nbsp;

SEBI emphasized the potential advantages of the proposed timeline reduction for listing and trading shares. In its consultation paper, the regulator stated that issuers would enjoy swifter access to the capital they raised, fostering a more efficient business environment. Simultaneously, investors would have the opportunity for early credit and greater liquidity in their investments. This move is expected to inject dynamism into the market, attracting more participation and stimulating economic growth.

&nbsp;

The proposed changes have elicited keen interest and stakeholder feedback, with SEBI inviting public comments on the matter until June 3. Market participants, industry experts, and investors have been encouraged to provide their insights and opinions on the potential implications of the proposed reduction in listing time.

&nbsp;

SEBI: Quick IPOs and Restricting Extreme Price Movement

&nbsp;

SEBI's endeavor to streamline the IPO process and boost market efficiency comes on the heels of another significant development. The market regulator also proposed measures to curb extreme price movements in shares actively traded through futures and options. The proposal, outlined in the consultation paper, includes extended trading suspensions and stricter restrictions on price fluctuations.

&nbsp;

Under the new measures, if a share in the futures and options segment experiences a daily rise or fall of 10 percent, trading would be suspended for an hour—a significant increase from the current 15-minute suspension period. Additionally, the share would be allowed to move only an additional 2 percent, down from the current 5 percent. These safeguards are designed to address concerns raised by recent market events, such as the precipitous decline in shares of Gautam Adani's group companies earlier this year. Following allegations of governance issues raised by U.S.-based short-seller Hindenburg Research, the group collectively suffered a staggering loss of over $100 billion in market value.

&nbsp;

SEBI stressed the importance of such safeguards in maintaining market stability, managing risks, and safeguarding investor interests. The proposed measures seek to strike a balance between facilitating efficient trading and preventing excessive volatility that may compromise the market's integrity.

&nbsp;

Inputs From Reuters)

The Securities and Exchange Board of India (SEBI) has unveiled an ambitious proposal to cut the time required to list shares on the country's stock exchanges to bolster India's stock market and facilitate faster access to capital.

The Securities and Exchange Board of India (SEBI) has unveiled an ambitious proposal to cut the time required to list shares on the country's stock exchanges to bolster India's stock market and facilitate faster access to capital. According to a consultation paper released on SEBI's website cited by Reuters, the market regulator aims to reduce the listing timeline from the closure of initial public offerings (IPOs) to just three days. The proposed change has been hailed as a significant stride toward enhancing the ease of doing business and benefiting both issuers and investors. SEBI emphasized the potential advantages of the proposed timeline reduction for listing and trading shares. In its consultation paper, the regulator stated that issuers would enjoy swifter access to the capital they raised, fostering a more efficient business environment. Simultaneously, investors would have the opportunity for early credit and greater liquidity in their investments. This move is expected to inject dynamism into the market, attracting more participation and stimulating economic growth. The proposed changes have elicited keen interest and stakeholder feedback, with SEBI inviting public comments on the matter until June 3. Market participants, industry experts, and investors have been encouraged to provide their insights and opinions on the potential implications of the proposed reduction in listing time. SEBI: Quick IPOs and Restricting Extreme Price Movement SEBI's endeavor to streamline the IPO process and boost market efficiency comes on the heels of another significant development. The market regulator also proposed measures to curb extreme price movements in shares actively traded through futures and options. The proposal, outlined in the consultation paper, includes extended trading suspensions and stricter restrictions on price fluctuations. Under the new measures, if a share in the futures and options segment experiences a daily rise or fall of 10 percent, trading would be suspended for an hour—a significant increase from the current 15-minute suspension period. Additionally, the share would be allowed to move only an additional 2 percent, down from the current 5 percent. These safeguards are designed to address concerns raised by recent market events, such as the precipitous decline in shares of Gautam Adani's group companies earlier this year. Following allegations of governance issues raised by U.S.-based short-seller Hindenburg Research, the group collectively suffered a staggering loss of over $100 billion in market value. SEBI stressed the importance of such safeguards in maintaining market stability, managing risks, and safeguarding investor interests. The proposed measures seek to strike a balance between facilitating efficient trading and preventing excessive volatility that may compromise the market's integrity. Inputs From Reuters)

SEBI's Turbo Boost: Quicker IPOs and Trading on the Horizon for Indian Market

Alibaba, the heavyweight champion of e-commerce, plans to launch an IPO for its logistics and grocery arms while hiving off its cloud business. This strategic breakup aims to reignite Alibaba’s revenue growth. The company recently reported its third consecutive quarter of single-digit revenue growth, raising concerns about the Chinese consumer spending rebound.

Alibaba spins off $12 billion cloud business

Saudi Aramco's plans for the mega IPO of its energy-trading business have been postponed, as the state-controlled oil giant slows down preparations. The IPO, expected to be one of the world's largest, is now likely to be delayed until next year unless market conditions improve. The company earnings took a hit, with a 19% decline attributed to falling oil prices. The company reported a net income of $31.9 billion, down from $39.5 billion the previous year.

Saudi Aramco's mega IPO plan postponed

There are signs that the IPO market could heat up again in the US Softbank's arm is in the news. A Reuters report shows the chip maker filed with regulators confidentially for a US stock market listing. That could set the stage for the largest IPO in the US this year.

Softbank's arm registers for US IPO

China is set to launch Initial Public Offering (IPO) reforms with an aim to make it easier for companies to raise money from investors. The reforms are long-awaited and are set to be rolled out on the heels of a chaotic exit from Zero-Covid policy. China's growth rate has slowed to record levels. The government is looking to restore investor confidence.

Under the new reforms, regulators will have less say in approving IPOs and stock exchanges will have a greater role. Currently, companies have to take go-ahead from regulators who vet the IPO plan before money can be raised from investors.

The new IPO system will be registration based like the model in the US. The new system will apply to all domestic stock exchanges in China, including those in Shanghai and Shenzhen. China Securities Regulatory Commission (CSRC) made an announcement in this regard on Wednesday (February 1).

Also Read | <a href="https://www.wionews.com/world/china-urges-canada-not-to-engage-in-political-manipulation-over-uyghur-muslims-558205">China urges Canada not to engage in 'political manipulation' over Uyghur Muslims</a> 
 
“The essence of this reform is to let the market decide,” the CSRC said.

The CSRC said that there will be no administrative restrictions on pricing and scale of new shares.

“This is an important step to reform the capital market. The government will allow market [forces] to play a bigger role allocating resources,” said Zhiwei Zhang, president and chief economist at Pinpoint Asset Management. Zhang was quoted by the CNN.

“It is one step in the right direction,” he said.

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China is set to launch Initial Public Offering (IPO) reforms with an aim to make it easier for companies to raise money from investors. The reforms are long-awaited and are set to be rolled out on the heels of a chaotic exit from Zero-Covid policy.

China is set to launch Initial Public Offering (IPO) reforms with an aim to make it easier for companies to raise money from investors. The reforms are long-awaited and are set to be rolled out on the heels of a chaotic exit from Zero-Covid policy. China's growth rate has slowed to record levels. The government is looking to restore investor confidence. Under the new reforms, regulators will have less say in approving IPOs and stock exchanges will have a greater role. Currently, companies have to take go-ahead from regulators who vet the IPO plan before money can be raised from investors. The new IPO system will be registration based like the model in the US. The new system will apply to all domestic stock exchanges in China, including those in Shanghai and Shenzhen. China Securities Regulatory Commission (CSRC) made an announcement in this regard on Wednesday (February 1). Also Read | China urges Canada not to engage in 'political manipulation' over Uyghur Muslims “The essence of this reform is to let the market decide,” the CSRC said. The CSRC said that there will be no administrative restrictions on pricing and scale of new shares. “This is an important step to reform the capital market. The government will allow market [forces] to play a bigger role allocating resources,” said Zhiwei Zhang, president and chief economist at Pinpoint Asset Management. Zhang was quoted by the CNN. “It is one step in the right direction,” he said. You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE ×

China to soon launch long-awaited IPO reforms

The Capital Market Authority said on Thursday that Saudi Arabia's stock market regulator has given the go-ahead for Luberef, a base oil subsidiary of the world's largest oil company Aramco, to conduct an IPO.

Investors will be able to purchase 50.045 million shares, or 29.656% of the share capital, of Saudi Aramco Base Oil Company (Luberef), formerly known as Saudi Aramco Lubricating Oil Refining Co.&nbsp;

The Saudi investment bank Jadwa Investment controls 30% of Luberef, with Aramco owning 70% of it.

The region has emerged as a bright light in an overall down year for equities markets, riding high on robust oil prices and amid a flurry of state-led flotations in Saudi Arabia, Abu Dhabi, and Dubai.

According to statistics from Refinitiv, Gulf issuers have raised over $16 billion in IPOs this year, or almost half of the total proceeds from IPOs in Europe, the Middle East, and Africa.

The energy trading division of Aramco also intends to go public.

In order to wean the economy off of oil, develop new sectors, and generate employment, the kingdom's privatisation initiative is a pillar of its Vision 2030 economic strategy.

The biggest IPO ever was Saudi Aramco's record listing on Riyadh's Tadawul market in late 2019. The listing's profits were later increased to total $29.4 billion.

(With inputs from agencies)

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The Capital Market Authority said on Thursday that Saudi Arabia's stock market regulator has given the go-ahead for Luberef, a base oil subsidiary of the world's largest oil company Aramco, to conduct an IPO.

The Capital Market Authority said on Thursday that Saudi Arabia's stock market regulator has given the go-ahead for Luberef, a base oil subsidiary of the world's largest oil company Aramco, to conduct an IPO. Investors will be able to purchase 50.045 million shares, or 29.656% of the share capital, of Saudi Aramco Base Oil Company (Luberef), formerly known as Saudi Aramco Lubricating Oil Refining Co. The Saudi investment bank Jadwa Investment controls 30% of Luberef, with Aramco owning 70% of it. The region has emerged as a bright light in an overall down year for equities markets, riding high on robust oil prices and amid a flurry of state-led flotations in Saudi Arabia, Abu Dhabi, and Dubai. According to statistics from Refinitiv, Gulf issuers have raised over $16 billion in IPOs this year, or almost half of the total proceeds from IPOs in Europe, the Middle East, and Africa. The energy trading division of Aramco also intends to go public. In order to wean the economy off of oil, develop new sectors, and generate employment, the kingdom's privatisation initiative is a pillar of its Vision 2030 economic strategy. The biggest IPO ever was Saudi Aramco's record listing on Riyadh's Tadawul market in late 2019. The listing's profits were later increased to total $29.4 billion. (With inputs from agencies) WATCH WION LIVE HERE:

Saudi Aramco's Luberef gets regulator nod for initial public offering

If you can't buy luxury car maker Porsche, you can at least go and buy its shares because luxury car maker Porsche's shares will list on stock markets today.

WION Business News | Historic Porsche IPO amid market tumult

Hong Kong’s largest initial public offering (IPO) of the year this week is a welcome boost for the city but is unlikely to overcome the geopolitical tensions and lack of policy clarity that have deterred investment in what was once the world’s largest IPO venue.

Hong Kong IPOs suffer from business downturn amid US, China tensions

German auto major Volkswagen has announced its intention to float for an initial public offering of its super sports car brand Porsche. The IPO could be the largest in German history and the biggest in Europe since 1999.

Volkswagen triggers landmark Porsche IPO plan

The stock markets might be running dry, but it's still raining IPOs in India. One of the most-awaited IPOs, Life Insurance Corporation (LIC) has finally made its debut. But looks like the investors may have to wait a bit long for return. Know why.

LIC debuts at a discount but how did other Indian firms perform at stock market listing?

The initial public offering (IPO) of Life Insurance Corporation of India (LIC) dominated headlines for a number of days and it is already the biggest IPO in the history of the Indian capital&nbsp;market.

After the initial IPO, the share allotment will be carried out on May 12. The IPO subscriptions started on May 4 and by the time it ended on May 9, it was reported that the IPO was oversubscribed around 2.95 times – a fact that surprised a number of experts despite high expectations from the offering.

With the help of the LIC IPO, the central government was reportedly looking to raise Rs 21,000 crore and apart from the policyholders, a lot of interest was also noticed from the Qualified Institutional Buyers.

Also read |&nbsp;<a href="https://www.wionews.com/world/one-of-a-kind-uk-man-sells-single-extremely-rare-potato-chip-for-ps2000-478334" hreflang="en">'One of a kind': UK man sells single 'extremely rare' potato chip for £2,000</a>

According to BSE data, 11.20 crore bids were received for the 3.95 crore shares.

The IPO was priced between INR 902-949 per equity share ahead of the offering.

According to the timeline presented by the authorities, the money will be returned to unsuccessful bidders on May 13 while the equity shares will be sent to the successful bidders on May 16. The official trading of the LIC stocks in the equity market is expected to start from May 17.

Also read |&nbsp;<a href="https://www.wionews.com/world/to-end-contempt-of-court-order-us-judge-tells-donald-trump-to-meet-conditions-pay-110000-in-fines-478258" hreflang="en">To end contempt order, US judge tells Trump to meet conditions, pay $110,000</a>

In another major development, the Supreme Court of India made it clear that they will not be interfering with the IPO and share allotment after petitions were filed against the process.

The court said that the changes made to the LIC Act is a question "that needs further reconsideration” but decided to not make any changes in the IPO process.

Here's how the users can check their&nbsp;LIC IPO allotment status -&nbsp;

Login at the direct BSE link - bseindia.com/investors/appli_check.aspx

Select the LIC IPO from the drop box

Enter the LIC IPO application number

Enter the user's PAN details

Click on the 'I'm not a robot' option

Click 'submit'

The initial public offering (IPO) of Life Insurance Corporation of India (LIC) dominated headlines for a number of days and it is already the biggest IPO in the history of the Indian capital market.

The initial public offering (IPO) of Life Insurance Corporation of India (LIC) dominated headlines for a number of days and it is already the biggest IPO in the history of the Indian capital market. After the initial IPO, the share allotment will be carried out on May 12. The IPO subscriptions started on May 4 and by the time it ended on May 9, it was reported that the IPO was oversubscribed around 2.95 times – a fact that surprised a number of experts despite high expectations from the offering. With the help of the LIC IPO, the central government was reportedly looking to raise Rs 21,000 crore and apart from the policyholders, a lot of interest was also noticed from the Qualified Institutional Buyers. Also read | 'One of a kind': UK man sells single 'extremely rare' potato chip for £2,000 According to BSE data, 11.20 crore bids were received for the 3.95 crore shares. The IPO was priced between INR 902-949 per equity share ahead of the offering. According to the timeline presented by the authorities, the money will be returned to unsuccessful bidders on May 13 while the equity shares will be sent to the successful bidders on May 16. The official trading of the LIC stocks in the equity market is expected to start from May 17. Also read | To end contempt order, US judge tells Trump to meet conditions, pay $110,000 In another major development, the Supreme Court of India made it clear that they will not be interfering with the IPO and share allotment after petitions were filed against the process. The court said that the changes made to the LIC Act is a question "that needs further reconsideration” but decided to not make any changes in the IPO process. Here's how the users can check their LIC IPO allotment status - Login at the direct BSE link - bseindia.com/investors/appli_check.aspx Select the LIC IPO from the drop box Enter the LIC IPO application number Enter the user's PAN details Click on the 'I'm not a robot' option Click 'submit'

LIC IPO share allotment today: Everything you need to know about the process

As per a stock exchange filing, Life Insurance Corp's (LIC) largest-ever initial public offering (IPO) was oversubscribed 2.95 times as six days of bidding ended on Monday.

However, foreign institutional investors (FII) have been cautious about the IPO, according to an Indian government official.

"Predominantly this issue has been domestically lifted," &nbsp;said Tuhin Kanta Pandey, secretary of India's Department of Investment and Public Asset Management, (DIPAM).

Watch |&nbsp;Gravitas | LIC IPO: All you need to know

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As per a report by Bloomberg, foreign institutional investors have mostly avoided India's largest share sale, finding it too expensive in light of currency uncertainties and the global market environment.

However, in the final hours before the subscription deadline on Monday, FII's pushed up their offers for India's largest share sale.

Also read |&nbsp;<a href="https://www.wionews.com/business-economy/lic-ipo-opens-on-may-4-perks-price-and-other-details-475671">LIC IPO opens on May 4: Perks, Price and other details</a>

Citing data from the exchanges, Bloomberg reports that overseas investors placed orders for 61 per cent of the shares set aside for institutional purchasers in the $2.7 billion initial public offerings.

According to Bloomberg, the lack of international investor interest contrasts sharply with several of last year's Indian IPOs like &nbsp;One97 Communications Ltd., which controls, digital payments business Paytm, and Zomato Ltd., a food delivery company.

While overseas investors only started to come in on the last day, retail buyers have been pouring in since the issue went on sale.

The subscription has been driven by policyholders. The segment allocated for policyholders has been subscribed over 6.12 times. Bids worth Rs 12,034 crore have been submitted by policyholders. Employees' shares were subscribed 4.4 times, while retail individual investors' shares were subscribed 2 times.

(With inputs from agencies)

​​​​​​​

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&nbsp;

As per a stock exchange filing, Life Insurance Corp's (LIC) largest-ever initial public offering (IPO) was oversubscribed 2.95 times as six days of bidding ended on Monday.

As per a stock exchange filing, Life Insurance Corp's (LIC) largest-ever initial public offering (IPO) was oversubscribed 2.95 times as six days of bidding ended on Monday. However, foreign institutional investors (FII) have been cautious about the IPO, according to an Indian government official. "Predominantly this issue has been domestically lifted," said Tuhin Kanta Pandey, secretary of India's Department of Investment and Public Asset Management, (DIPAM). Watch | Gravitas | LIC IPO: All you need to know As per a report by Bloomberg, foreign institutional investors have mostly avoided India's largest share sale, finding it too expensive in light of currency uncertainties and the global market environment. However, in the final hours before the subscription deadline on Monday, FII's pushed up their offers for India's largest share sale. Also read | LIC IPO opens on May 4: Perks, Price and other details Citing data from the exchanges, Bloomberg reports that overseas investors placed orders for 61 per cent of the shares set aside for institutional purchasers in the $2.7 billion initial public offerings. According to Bloomberg, the lack of international investor interest contrasts sharply with several of last year's Indian IPOs like One97 Communications Ltd., which controls, digital payments business Paytm, and Zomato Ltd., a food delivery company. While overseas investors only started to come in on the last day, retail buyers have been pouring in since the issue went on sale. The subscription has been driven by policyholders. The segment allocated for policyholders has been subscribed over 6.12 times. Bids worth Rs 12,034 crore have been submitted by policyholders. Employees' shares were subscribed 4.4 times, while retail individual investors' shares were subscribed 2 times. (With inputs from agencies) Watch WION LIVE HERE:

Policyholders lead subscription of India's biggest IPO LIC, while foreign investors shun it

Life Insurance Corporation is a household name. Buying an LIC insurance policy is considered as gold standard of savings or ensuring oneself against the or oddities of life. The Insurance giant LIC's share sale has begun yesterday.

LIC's mega IPO gets an extra day for subscription

Ipo, News on Ipo, stories on Ipo, articles on Ipo, Ipo stories at Wion, Ipo news, Ipo latest news