COFO News

Coforge, an Indian provider of IT services and solutions, withdrew its plans for an initial public offering on Wednesday. It originally filed in November 2021 with an estimated deal size of $750 million. The company had not updated its prospectus since July 2022. Coforge is currently listed on the National Stock Exchange of India and the Bombay Stock Exchange (COFORGE). The...read more

Over the last decade, a rising number of companies have come to the IPO market with heavy losses. But for many issuers looking to go public in 2022, profitability will be a prerequisite. There are several factors behind the decade-long increase in unprofitable IPOs. IPO investors at the beginning of last decade were more cautious as markets recovered from the Great Recession. More...read more

Japan’s SBI Sumishin Net Bank is the latest in a string of global IPOs to postpone its listing, as the Russia-Ukraine crisis causes a surge in market volatility. Japan’s leading digital bank was set to raise $1.2 billion and list on the Tokyo Stock Exchange on March 24th. While the global IPO market was already weak due to a recent sell-off in...read more

Just one small IPO is scheduled to price in the short holiday week, though other small issuers and SPACs may join the calendar late to price throughout the week. While the calendar has seen few large issuers during the February lull, with many companies delaying their offerings to finalize full 2021 financials, a number of IPOs are eligible to launch following the Presidents’...read more