IFS News

Nine companies entered the public market this week, led by customer experience software provider Medallia (MDLA) with a first day pop of 76%. The software company priced at $21, well above the range, to raise $326 million at a fully diluted valuation of $3.6 billion. Medallia’s growth accelerated to 32% in the most recent quarter, and it boasts 32...read more

Intercorp Financial Services, which is a leading bank, insurer, and wealth manager in Peru, raised $414 million by offering 9 million shares at $46, within the range of $44 to $50. Intercorp Financial Services plans to list on the NYSE under the symbol IFS. BofA Merrill Lynch, J.P. Morgan and Itau BBA acted as lead managers on the deal....read more

July's post-holiday flood of IPOs is upon us, with nine diverse offerings and a direct listing scheduled for the second-most active week of the year. The three largest IPOs come from Asia, Europe, and South America, but based on the strong reception of recent tech unicorns, Medallia (MDLA) may get the most eyeballs. DouYu (DOYU) is set to...read more

Intercorp Financial Services, which is a leading banking and financial services firm controlled by Intercorp Peru, filed on Wednesday with the SEC to raise up to $423 million in an initial public offering. The company is currently traded on the Lima Stock Exchange under the symbol IFS and closed Wednesday at S$152.54 (US$46.30). The Lima, Peru-based company plans to raise...read more