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Bain-backed chipmaker Kioxia's market value set at $4.9 billion in IPO
Economic Times
·
9m ago
Medial
Kioxia, backed by Bain Capital, is set to have a market value of around 750 billion yen ($4.85 billion) in its upcoming initial public offering (IPO). The IPO is expected to have a deal value of approximately 100 billion yen ($645.45 million), with shares being sold by Bain and Toshiba. Kioxia will also issue new shares, raising 27.7 billion yen. The indicative price for both the secondary offering and new shares is set at 1,390 yen. Kioxia will list on the Tokyo Stock Exchange on December 18.
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Bain-backed chipmaker Kioxia scraps October IPO plan, sources say
Economic Times
·
11m ago
Medial
Bain-backed memory chipmaker Kioxia has decided to cancel its planned initial public offering (IPO) in October due to the recent market downturn in shares of its competitors. Bain had aimed for a market value of 1.5 trillion yen ($10.39 billion) for Kioxia, but with shares of Micron Technology and Samsung Electronics falling around a third from their highs, achieving this pricing goal has become difficult. Kioxia will instead prepare for an IPO at a more suitable time.
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Bain sought $10 billion valuation for Japan's Kioxia, investors only wanted to pay half
Economic Times
·
10m ago
Medial
- Investors pressured Bain Capital to reduce the valuation sought for Japan's Kioxia in an IPO, resulting in the scrapping of the planned October listing. - Global investors were seeking a market value of approximately 800 billion yen for Kioxia, compared to Bain's target of 1.5 trillion yen. - Investors' concerns over the strength of the memory chip market contributed to the valuation gap. - Kioxia's IPO this year seems unlikely due to market conditions, but it may be possible by the end of the financial year. - Memory chipmakers, including Kioxia, have faced challenges due to lackluster demand for smartphones and PCs and increased competition from South Korean and U.S. rivals. - Kioxia's focus on NAND flash memory, while SK Hynix also produces DRAM chips, has impacted its market standing.
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Bain-backed Emcure Pharma attracts bids worth $11 bn in IPO
VCCircle
·
1y ago
Medial
Emcure Pharmaceuticals, a company backed by Bain Capital, saw strong demand for its $234 million initial public offering (IPO) in India. The IPO received bids worth $11.23 billion, almost 68 times the amount on offer. Emcure's focus on women's healthcare and HIV treatments, along with its market-leading position in gynaecology, have attracted investor interest. The company raised $104 million by issuing new shares, valuing the company at up to $2.6 billion. The IPO market in India has been thriving, with over 100 companies raising $4.6 billion through IPOs in 2021.
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India's Emcure Pharma plans 2024 IPO, hires JP Morgan, Jefferies
Reuters
·
1y ago
Medial
Emcure Pharmaceuticals, backed by private equity firm Bain Capital, is reportedly planning to raise $400-$500 million in an IPO next year. The company had previously shelved its listing plans in 2022 due to market volatility caused by the conflict in Ukraine. Emcure has hired investment banks JP Morgan, Jefferies, and Kotak for the IPO and aims for a valuation of around $3 billion. Bain Capital, which owns a 13% stake in the company, plans to sell a portion of its stake. Emcure is one of several Indian companies looking to capitalize on the growing pharmaceutical market in the country, which is predicted to reach $130 billion by 2030.
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Bain Capital-backed Heartflow valued at $2.27 billion in solid Nasdaq debut - The Economic Times
Economic Times
·
20d ago
Medial
Medtech firm Heartflow, backed by Bain Capital, saw its shares surge 47.4% in a strong Nasdaq debut, valuing the company at $2.27 billion. The IPO raised $316.7 million by selling about 16.67 million shares at $19 each. Heartflow, known for its AI-enabled heart disease diagnosis tools, benefits from positive market sentiment amid AI-driven gains. Despite wider losses, its revenue rose 39% in the recent quarter, showcasing investor interest in AI healthcare solutions.
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EQT to pare stake in Sagility; Piramal-Bain JV India RF eyes stake in Anthea
VCCircle
·
1y ago
Medial
Swedish private equity firm EQT is planning to reduce its stake in Sagility (formerly Hinduja Global Solutions Healthcare) through an initial public offering (IPO) process. This move is expected to value the healthcare business process management firm at around $3 billion. Additionally, Piramal-Bain joint venture India RF is reportedly eyeing a stake in Anthea, indicating a potential investment in the healthcare sector.
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Ola plans $500 million IPO, to appoint banks soon
Economic Times
·
1y ago
Medial
Indian ride-hailing company Ola is planning to raise $500 million in an initial public offering (IPO) that would value the company at around $5 billion. The SoftBank-backed company aims to file the necessary papers with India's market regulator within three months. Ola is in talks with several investment banks, including Goldman Sachs and Bank of America, and plans to appoint IPO advisers in the near future. This would be Ola's second attempt at an IPO, after a planned $1 billion fundraising in 2021 was scrapped. The company's investors have recently lowered its valuation to $1.9 billion.
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SoftBank-backed Ola Electric likely to peg valuation at $4.5 bn in upcoming IPO
VCCircle
·
1y ago
Medial
SoftBank-backed Indian e-scooter maker, Ola Electric, is expected to value the company at $4.5 billion for its upcoming initial public offering (IPO). This valuation is around 16-20% lower than its last funding round. The IPO was approved by the Indian markets regulator in June and is set to be one of the country's largest share sales this year. The final valuation could still change, but it is unlikely to reach the $6 billion target that Ola Electric's founder, Bhavish Aggarwal, had previously hoped for.
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Hyundai Motor India expected to file draft IPO papers with Sebi today
Livemint
·
1y ago
Medial
Hyundai Motor India Ltd. is expected to file draft papers for its initial public offering (IPO) by Friday, which could potentially be the biggest share sale in the country. The IPO, initially estimated at $3-3.5 billion, is now expected to be closer to $2.5-3 billion. Hyundai aims to provide potential investors with its growth strategy and plans for product development and market expansion. This IPO is crucial for Hyundai as it aims to compete against established automotive giants and enhance its market value. Additionally, the IPO will generate capital for shareholder returns and set a precedent for other Korean companies seeking international listings.
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After two-year lull, India’s PE-VC market rebounds 9% to $43 billion: Report
Economic Times
·
3m ago
Medial
India's private equity and venture capital (PE-VC) investments rebounded to $43 billion across 1,600 deals in 2024, following two years of decline, according to a Bain & Company report with IVCA. Driven by venture capital and growth investments, PE deals remained stable at about $29 billion. India led Asia Pacific exits with $33 billion value, a 16% rise. Increased IPOs and successful block trades boosted public market exits, indicating a maturing PE-VC ecosystem.
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