EM News

The IPO market pumped the brakes in the shortened holiday week, with six IPOs raising $1.9 billion and just two SPACs raising $300 million. Pipeline activity slowed from previous weeks as well, with six IPOs and seven SPACs submitting initial filings. Low-cost airline Frontier Group Holdings (ULCC) priced at the low end to raise $570 million at a $4.3 billion...read more

Smart Share Global, which provides a network of mobile device charging stations in China, raised $150 million by offering 17.65 million ADSs at $8.50, below the range of $10.50 to $12.50, based on an F-1MEF form filed with the SEC. Existing shareholders Hillhouse Capital and Xiaomi as well as new investor Aspex Master Fund had previously indicated on buying up to $110 million...read more

Smart Share Global, which provides a network of mobile device charging stations in China, announced terms for its IPO on Monday. The Shanghai, China-based company plans to raise $201 million by offering 17.5 million ADSs at a price range of $10.50 to $12.50. Insiders and a new investor intend to purchase $110 million worth of ADSs in the offering. At the midpoint of the...read more

Smart Share Global, which provides a network of mobile device charging stations in China, filed on Friday with the SEC to raise up to $100 million in a US initial public offering. Smart Share Global, operating under the name Energy Monster, is a consumer tech company providing mobile device charging service through an extensive online and offline network in China. The company...read more