Latest news with #publiclisting
South China Morning Post
3 days ago
- Business
- South China Morning Post
Unitree Robotics changes to joint stock limited company, fanning IPO speculation
China's top humanoid robot start-up Unitree Robotics has converted into a company limited by shares, a move that has fanned speculation around its public listing plans, as Chinese robotics firms rapidly expand amid the country's fervour for the artificial intelligence (AI)-enabled machines. Advertisement Unitree has changed from a limited liability company into a joint stock limited company, an equivalent to a company limited by shares, according to records on Chinese corporate database Qichacha published on Thursday. In a letter to business partners, the company said the move was 'due to company development needs', according to a report by the state-run Chinese news outlet Securities Times. A robot dog from Unitree is seen at Zhejiang Overseas Talent Innovation Park in Hangzhou, China, April 23, 2025. Photo: Dickson Lee A joint stock limited structure lets a company issue and transfer shares, allowing it to raise more capital as it scales up its operations. Chinese media outlets have called Unitree's restructuring a move that paved the way for its initial public offering. Hangzhou-based Unitree did not immediately respond to a request for comment. During Hong Kong chief executive John Lee Ka-chiu's visit to Hangzhou in April, Unitree founder and CEO Wang Xingxing reportedly told him that a listing in Hong Kong was a possibility. Advertisement
Bloomberg
6 days ago
- Business
- Bloomberg
Stablecoin Issuer Circle, Shareholders Seek $624 Million in IPO
Circle Internet Group Inc. and some of its backers are seeking to raise up to $624 million in a long-awaited initial public offering, as crypto companies increasingly tap the public markets to raise funds. The New York-based company behind the second-largest stablecoin and some of its shareholders are offering 24 million shares for $24 to $26 each, according to a filing with the US Securities and Exchange Commission on Tuesday. Circle, led by Jeremy Allaire, has been chasing a public listing since at least 2021 when it announced a blank-check company merger that was later scrapped.
Bloomberg
7 days ago
- Business
- Bloomberg
India's NSE Offers $118 Million to Settle Sebi Case, Revive IPO
The National Stock Exchange of India Ltd. is said to be offering a record amount of about 10 billion rupees ($118 million) to settle a longstanding dispute with the country's market regulator, according to a person involved in the discussions, likely paving the way for its public listing. The Securities and Exchange Board of India will discuss the offer, and a decision is expected soon, people familiar with the matter said, asking not to be identified as the discussions are private. The regulator is inclined to settle the legal issue, they said, which would enable the world's largest derivative exchange by contracts to secure a no-objection certificate.
Reuters
26-05-2025
- Business
- Reuters
India's Groww files for $700 million-$1 billion initial public offering, sources say
BENGALURU, May 26 (Reuters) - Indian online investment platform Groww has filed draft papers confidentially with the country's markets regulator for an initial public offering between $700 million and $1 billion, two sources said on Monday. The IPO is a mix of fresh issue of shares and existing investors paring some stake, the sources said, adding that the company aims to list in the last quarter of this calendar year. Groww, which was last valued at $7 billion, is eyeing a similar valuation for its public listing, the sources added. A confidential filing allows companies to seek the regulator's comments without disclosing their IPO documents to the public. Groww did not immediately respond to Reuters' request for comment.
Yahoo
26-05-2025
- Business
- Yahoo
India's Groww files for $700 million-$1 billion initial public offering, sources say
BENGALURU (Reuters) -Indian online investment platform Groww has filed draft papers confidentially with the country's markets regulator for an initial public offering between $700 million and $1 billion, two sources said on Monday. The IPO is a mix of fresh issue of shares and existing investors paring some stake, the sources said, adding that the company aims to list in the last quarter of this calendar year. Groww, which was last valued at $7 billion, is eyeing a similar valuation for its public listing, the sources added. A confidential filing allows companies to seek the regulator's comments without disclosing their IPO documents to the public. Groww did not immediately respond to Reuters' request for comment. Sign in to access your portfolio
