Latest news with #IPO
Bloomberg
2 hours ago
- Business
- Bloomberg
Indira IVF Said to Revive India IPO That May Raise $408 Million
Indira IVF Hospital is reviving its initial public offering plans in India and will soon submit preliminary documents for a listing that may fetch 35 billion rupees ($408 million), according to people familiar with the matter. The company, backed by private equity firm EQT AB, plans to submit the so-called draft red herring prospectus later this month, according to the people, who asked not to be identified discussing a private matter. The deal won't involve the issue of new stock as existing shareholders will be selling their holdings, the people said.
Reuters
2 hours ago
- Business
- Reuters
India markets regulator approves WeWork franchisee's IPO
July 15 (Reuters) - India's markets regulator has approved an initial public offering by WeWork India Management the domestic franchisee of the U.S. shared office space manager, according to a regulatory notice on Tuesday. WeWork India had filed draft papers for the IPO in early February. The offer consists of 33 million equity shares held by Indian real estate firm Embassy Group ( opens new tab and 10.3 million equity shares held by 1 Ariel Way Tenant. The company will not issue new shares. WeWork India is controlled by real estate tycoon Jitu Virwani and his son Karan, who own Bengaluru-based developer Embassy Group. Karan Virwani is also the CEO of WeWork India. (This story has been corrected to remove the incorrect reference to the company not disclosing how much it intends to raise through the IPO)
Reuters
3 hours ago
- Business
- Reuters
Singapore's NTT DC REIT holds steady after modest IPO debut
SINGAPORE, July 15 (Reuters) - Shares of NTT DC REIT ( opens new tab, a data centre real estate investment trust, were steady in its first full trading session on Tuesday, a day after making a modest debut that sparked optimism for Singapore's IPO market revival, traders said. NTT DC REIT last traded at $1.00 per unit, on par with its IPO offer price, and reached as high as $1.03 in its afternoon debut on Monday. The listing of NTT DC REIT highlights growing global interest in Asia-Pacific data centres and signals a potential resurgence in Singapore's subdued IPO market. "NTT DC REIT's market reception demonstrates mature institutional discipline and sophisticated price discovery," said Oriano Lizza, sales trader at CMC Markets. "The modest price movement reflects sophisticated investor discipline rather than retail speculation," Lizza added. The REIT raised $773 million, marking Singapore's largest IPO in four years since Digital Core REIT's $977 million debut in 2021, according to LSEG data. NTT DC REIT holds six data centres worth $1.6 billion in Austria, Singapore, and the United States. Major investors include Singapore's sovereign wealth fund GIC with a 9.8% stake and NTT Ltd with 25%. The successful listing of NTT DC REIT may pave the way for more REIT IPOs in Singapore, with DBS's global head of equity capital markets, Art Karoonyavanich, noting a "broad base of potential REIT IPOs on the horizon".
Yahoo
3 hours ago
- Business
- Yahoo
Singapore IPO revival hopes pick up with NTT's REIT debut gains
By John Cheng, Julia Fioretti and Gabrielle Ng (Bloomberg) — Singapore's biggest initial public offering (IPO) in eight years is offering hope that the country's stock exchange is finally attractive for new listings. NTT DC REIT gained as much as 3 per cent on Monday in its trading debut, outpacing the benchmark Straits Times Index. This comes after it secured the city-state's sovereign wealth fund as a rare cornerstone investor. The US$773 million data centre listing is being closely watched as the spark that could revive Singapore's moribund IPO scene, following an all-hands-on-deck effort to reboot it. There was a palpable sense of relief among the executives, bankers and exchange officials at the trading ceremony, where a big barrel of sake was broken to symbolise new beginnings and good fortune. With this IPO, Singapore will be hoping to join the party in the region. Bourses across Asia-Pacific have been raking in new listings, with firms raising US$39 billion of fresh capital so far this year, the most since 2023. Hong Kong, its main financial hub rival, and India are booming, while the city-state has watched from the sidelines – until now. 'This listing is hugely important,' said Pol de Win, Singapore Exchange Ltd.'s head of global sales and origination. 'The IPO market has been challenging for a while, so it's important to see a high quality asset come to market and show the way for others.' The exchange, along with banks and others, have been in talks with NTT executives for years, he said. Underscoring the stakes for the country, its sovereign wealth fund GIC Pte. bought more than $100 million worth of units as a cornerstone investor, making it the REIT's second-biggest shareholder. It's the first time GIC has provided such support to a local IPO, notwithstanding the 2010 jumbo listing of its overseas logistics unit, based on Bloomberg checks. That said, the landscape has been increasingly barren in Singapore. Four IPOs in the city raised just over $34 million last year – the second-lowest tally in more than two decades, according to data compiled by Bloomberg. 'GIC's mandate is to preserve and enhance the international purchasing power of the reserves under our management over the long term,' a spokesperson for the firm said in response to queries. There has been no change in the firm's policies, which allow it to invest in SGX entities, the spokesperson said. The offer drew interest from long-only and wealthy investors, according to people familiar with the matter. Against geopolitical tensions and interest rates that remain elevated, the firm offered a more generous yield as investors were price sensitive, the people said, asking not to be identified as the process is confidential. NTT DC REIT set a forecast distribution yield of 7.5 per cent from July to March 2026, according to the prospectus, a figure at the higher end of a marketed range. Its US$773 million fundraise comes at the lower end of initial estimates. The placement tranche was about four times subscribed, while the Singapore public offer was close to 10 times subscribed. The investment trust's US$1.6 billion portfolio consists six data centers across Singapore, Austria, and the US. It's backed by Japan's NTT Ltd, part of the NTT telecoms giant with extensive data centre presence around the world. 'The demand is not perfect, but we got GIC as a cornerstone investor and its commitment shows the market still believes in our story,' Yutaka Torigoe, chief executive officer of the REIT manager, said at a briefing last week. Singapore will be hoping firms in its IPO pipeline are encouraged by NTT DC REIT's performance, as well as the stock market index that have reached new highs. 'With NTT leading the way, other issuers are picking up the pace,' Loh Boon Chye, SGX's chief executive officer, said at Monday's listing ceremony. 'Conversations are building, pipelines are forming and confidence is gaining ground.' The government has announced a raft of incentives including tax perks to attract listings and incentives for funds to buy local stocks, while authorities are also mulling streamlining prospectus requirements. Hong Kong's Link REIT and France's Praemia REIM are among firms exploring REIT IPOs in Singapore, Bloomberg News has reported. Outside of real estate, companies such as and Neon are also reportedly considering floats on the SGX. 'Just by having the deal able to come to market, is already a win,' said Art Karoonyavanich, head of equity capital markets at DBS Group Holdings Ltd, the country's biggest bank. 'That already signals that this whole initiative, the ability to bring good quality issuers to this market, is there.' There're many more firms in the lineup to list, he said. Besides DBS, Bank of America Corp, UBS Group AG, Mizuho Financial Group Inc and Citigroup Inc also worked on the IPO. UBS' wealth management customers were among cornerstone investors. 'I hope it will not be a dead cat bounce.' Robson Lee, a partner at global law firm Kennedys who heads its Singapore corporate practice, said of the IPO. 'There would always be issues of liquidity and valuation, and I think the government needs to address this.' NTT DC REIT will join around 40 REITs and property trusts that trade on the SGX. These real estate investment trusts make up about 10 per cent of total market capitalisation, according to the REIT Association of Singapore. The new player will have comparables like Keppel DC REIT and Digital Core REIT Management Pte. SGX's de Win said the exchange seeks to lure Southeast Asian growth firms, meaning future IPO fund raises may be between US$200 million to US$300 million. This will be the SGX's 'bread and butter for the years to come,' according to de Win, reflecting more bite-sized plans that contrast to ambitions years ago when the bourse went after big global listings. More stories like this are available on ©2025 Bloomberg L.P.
Yahoo
5 hours ago
- Business
- Yahoo
Bluemount Holdings Limited Announces Closing of $5.5 Million Initial Public Offering
HONG KONG - July 14, 2025 (NEWMEDIAWIRE) - Bluemount Holdings Limited (Nadsaq: BMHL) ("Bluemount" or the "Company"), a Hong Kong-based consulting and advisory and financial services provider, as well as trader of commodities such as luxury timepieces, today announced the closing of its underwritten initial public offering (the "Offering") of 1,375,000 Class B Ordinary Shares at a public offering price of $4.00 per share, for aggregate gross proceeds of approximately $5.5 million, prior to deducting underwriting discounts and other offering expenses. The Offering closed on July 14, 2025 and the Company's Class B Ordinary Shares began trading on Nadsaq on July 11, 2025, under the symbol "BMHL." In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 206,250 Class B Ordinary Shares at the public offering price per share to cover over-allotments, if any. Dominari Securities LLC acted as the representative of the underwriters, and Pacific Century Securities, LLC and Revere Securities LLC acted as co-underwriters to the Offering. Loeb & Loeb LLP acted as legal counsel to the Company and VCL Law LLP acted as legal counsel to the underwriters for the Offering. The Offering is being conducted pursuant to the Company's registration statement on Form F-1, as amended (File No. 333-285843), relating to the shares being sold in the Offering initially filed with the U.S. Securities and Exchange Commission (the "SEC") on March 17, 2025, and was declared effective by the SEC on June 30, 2025. The Offering was made only by means of a prospectus. A final prospectus relating to the Offering has been filed with the SEC on July 11, 2025, and is available on the SEC's website at Copies of the final prospectus related to the Offering may be obtained from Dominari Securities LLC, 725 5th Ave, 23rd Floor, New York, NY 10022, Telephone: (212) 393-4500; Email: investmentbanking@ Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the intended use of the proceeds. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as "anticipate", "estimate", "expect", "project", "plan", "intend", "believe", "may", "will", "should", "can have", "likely" and other words and terms of similar meaning. Forward-looking statements represent the Company's current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the "Risk Factors" section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. About Bluemount Holdings Limited Bluemount Holdings Limited, through its operating subsidiaries, is a Hong Kong-based consulting and advisory and financial services provider, as well as trader of commodities such as luxury timepieces. For its consulting and advisory services business segment, it provides comprehensive consulting and advisory services on business development strategies to its diverse clientele. Its financial services segment focuses on the provision of (i) underwriting and placing services; (ii) securities dealing and brokerage services; and (iii) asset management services. It also operates a subsidiary that is dedicated to the trading of luxury branded timepieces, where it sources, buys, and sells prestigious timepieces. For more information, visit and Investor Relations Contact:Chan Wan Shan Sandra, CEOBluemount Holdings LimitedRoom 1007, Capital Centre151 Gloucester Road, Wan Chai,Hong Kong(+852) 2137 2688Email: investors@
