Coinbase IPO values hits $99.6bn valuation with shares up 52% on debut
Shares closed below $330, up a lesser 32%.
Stock Exchange
UiPath files for IPO weeks after landing $35bn valuation
The fintech estimates a $60 billion addressable market for RPA.
Spac led by ex-Commerzbank CEO trading on Amsterdam’s Euronext
The blank-check firm has already sold 41.5 million shares at €10 each.
Wise considers rare direct listing on London Stock Exchange
This would see Wise circumvent the conventional IPO process.
Tencent suffers $65bn market value blow, analysts put fintech business at “zero”
Tencent, like Ant, holds a financial foothold in China which rivals banks.
Goldman-backed Flywire files paperwork for IPO which could reach $3bn
Flywire has listed itself as profitable since its Series B funding round in 2013.
London fintech WorldRemit mulls taking $1.5bn Spac listing to US
Refinitiv data shows Spac mergers have surged to a record $170 billion this year.
GameStop trader Deep F—ing Value, a licensed broker, sued for “fake persona”
The lawsuit accuses Gill of “deceitful and manipulative conduct”.
Affirm’s IPO is a wake-up call for banks
Affirm is placing pressure squarely on banks and fintechs to challenge its BNPL market share.
Zip boosts Aussie exchange to 11-month high with $56m share purchase
The BNPL firm raised $26m in oversubscriptions, at $5.29 a share.
Affirm IPO sees shares surge 98%
Affirm managed to halve its losses by June 2020.
Calls for change to LSE in bid to attract more multinational tech firms
The UK’s Investment Association (IA) is asking for the LSE to undergo a “rebranding”.
eToro plans for a $5 billion US IPO
The broker is eyeing a listing in New York and is already in talks with Goldman Sachs.
Crypto platforms drop support for XRP amid SEC’s Ripple lawsuit
Some crypto exchanges have delisted it while others have halted, suspended, or disabled trading for XRP.
SoftBank aims to raise $525m with Spac IPO
Goldman Sachs Group and Citigroup are managing the deal.
Coinbase files for IPO listing amidst racism scandal
The start-up has long struggled with its management of Black employees.
TransferWise preps for 2021 IPO
The firm has asked investment banks to pitch in the new year for roles on an impending IPO.
eToro soars to $2.5bn valuation, tripling since 2018
Israel-based brokerage firm has also recruited 300 people this year.
Australia’s largest stock exchange suffers worst outage in more than a decade
“If a software issue has caused the outage, an exchange might well have a claim”.
Trading 212 integrates TrueLayer’s open banking platform
The API allows users to quickly and securely fund their investment account, using payments initiation.
Chinese regulator approves Hong Kong leg of Ant’s $30bn IPO
The company still needs approval from the Hong Kong stock exchange’s listing committee.
Aussie trading app Stake makes leap to LatAm with Brazil launch
“LatAm looks to the US as a beacon,” says COO.
Goldman Sachs-backed Kaspi revives London IPO plans
The fintech holds a 65% market share of Kazakhstan’s digital payments flow.
Aussie neobank Douugh lists on ASX ahead of US launch
The plan is to launch in the US before Christmas.
Impact investing: the powerful new trend
Barry Palte, chairman of EQ Capital Partners makes a case for ESG investments.
Fintech Mode joins Hut Group wave with London IPO listing
Mode anticipates a valuation of around £40 million.
The PRIIPs EU stalemate: the story so far
The fate of the current PRIIPS Key Information Documents (KIDs) remains uncertain.
Video: Top fintech stories this week – 04 September 2020
FinTech Futures’ weekly news round-up.
Barclays snaps up JP Morgan’s head of ECM Europe
Esteve has been a managing director at JP Morgan’s ECM for the last 18 years.
Nasdaq proposes IPO alternative to raise funds
Nasdaq’s proposal to the SEC pushes for alternative routes to the public markets.
Chinese insurtech Waterdrop raises $230m & plans US IPO
Known as Shuidihuzhu in China, its Series D round was led by Swiss Re and Tencent.
Robinhood’s value tops $11bn on new funding round
The new valuation increased by nearly one-third from a previous round just one month ago.
BaFin employees increasingly traded Wirecard shares
2.4% of all reported private financial transactions by its staff were transactions with Wirecard in H1.
BankMobile sells for $35m less than failed deal three years ago
BankMobile was supposed to be acquired back in 2017.
Affirm eyes IPO with up to $10bn valuation
PoS lender is working with Goldman Sachs in early-stage discussions of a potential listing.
Venture capital firm Ribbit plans $600m fintech Spac
Bow Capital Management is also aiming to raise $350m for a tech focused Spac.
Stock trading apps are booming, but what about the education gap?
Are fintechs just “paying lip service” to education?
Chinese fintech Lufax targets $3bn in US IPO
Sources highlight that political tensions between the US and China could affect its listing plans.
Investment service Scalable Capital lands $58m in Series D
The start-up says it has more than $2 billion under management on its platform.
Xinja Bank to launch US trading platform for Aussie investors
Dabble will also offer users fractional shares.
