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London is expected to host the largest IPO in the past year

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Who Will Come Out On Top After The COVID-19 Pandemic, The US Or China? | Money Mind | Power Balance Description video: The post-pandemic balance of power between the world’s two largest economies – who will come out on top, […]

Who Will Come Out On Top After The COVID-19 Pandemic, The US Or China? | Money Mind | Power Balance

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The post-pandemic balance of power between the world’s two largest economies – who will come out on top, the United States or China, and what does it mean for the rest of the world?\n\nFor more, SUBSCRIBE to CNA INSIDER! \nhttps://cna.asia/insideryoutubesub\n\nFollow CNA INSIDER on:\nInstagram: https://www.instagram.com/cnainsider/\nFacebook: https://www.facebook.com/cnainsider/\nWebsite: https://cna.asia/cnainsider

London is expected to host the largest IPO in the past year

The London Stock Exchange is holding its first major IPO since the start of the coronavirus pandemic. This placement will be the largest market debut of a British company in more than a year..

Hut Group Confirmed To Go Public This Month. Expected, what an IPO will raise about $ 1.2 billion, after which the capitalization of the e-commerce company will grow to $ 6 billion.

Funds managed by BlackRock, Janus Henderson and Qatar Investment Authority have pledged to buy $ 752 million in securities under this deal.

The Hut Group owns the brands Lookfantastic, Skinstore and Mankind and Glossybox. The company also sells its own food and cosmetics. In 2019, its sales grew by 24% to $ 1.5 billion.

This will be the first London IPO to raise over £ 500m since mobile operator Airtel Africa and travel platform Trainline went public in June 2019.

London is expected to host the largest IPO in the past year

Experts point to signs that the global IPO market is starting to revive as stocks continue to rally, reflecting investor demand and companies’ desire to rebuild their financial positions as quickly as possible, protecting themselves from the effects of a possible second wave of coronavirus.

Last August was the hottest month in the history of public placements in the United States. During this period, 41 deals worth $ 16.4 billion were concluded, Dealogic reports.. September in this regard is expected to be even busier.

Ant Group, finance subsidiary of billionaire tech company Jack Ma, applied for simultaneous listing in Hong Kong and Shanghai, which may become the largest in history.

Palantir, a Silicon Valley-based data analytics firm, is gearing up for its own IPO, as is Airbnb, which filed for its debut listing in late August..