initial public offering (IPO) News

Hong Kong Firms, Including FWD, Are Flagging China Risks in U.S. IPO Filings

Hong Kong-based companies with little to no presence in mainland China are the latest to warn about the risks they face from Beijing’s crackdown on businesses, in a further sign of enhanced disclosures sought by American regulators in filings for …

Russia’s Renaissance Insurance Plans to Raise Up to $290M in IPO on Moscow Exchange

Renaissance Insurance Group said on Monday it plans to list its shares on the Moscow Exchange and raise up to $290 million in an initial public offering (IPO), riding Russia’s emerging IPO wave. Russian IPO activity, hit by the COVID-19 …

Hong Kong Tycoon Richard Li’s Insurer FWD Makes U.S. IPO Filing Public

Insurance company FWD Group Holdings Ltd., owned by Hong Kong billionaire Richard Li, made its filing for a stock market listing in the United States public on Thursday, revealing a jump in revenue last year. The insurer, which will list …

India Likely to Block Chinese Investment in IPO of Insurance Giant LIC: Reuters

New Delhi wants to block Chinese investors from buying shares in Indian insurance giant Life Insurance Corp. (LIC) which is due to go public, four senior government officials and a banker told Reuters, underscoring tensions between the two nations. State-owned …

Russia’s Largest Online Insurer Weighs Acquisitions Ahead of Possible IPO

Renaissance Insurance, Russia’s largest online policy provider, is trawling the country’s traditional insurers for acquisition targets as it prepares for a possible initial public offering. RenIns — which hired banks earlier this month for an IPO — is exploring ways …

Israeli Fintech Pagaya Agrees to Go Public via $8.5B SPAC Deal

Israeli fintech Pagaya on Wednesday agreed to go public through a merger with special-purpose acquisition company EJF Acquisition Corp in a deal with an enterprise value of $8.5 billion. The deal will include a $200 million private investment in public …

Genworth Targets $3B Valuation in Mortgage Insurance Unit’s IPO

Genworth Financial Inc. on Monday revived plans for an initial public offering (IPO) of Enact Holdings, aiming for a valuation of more than $3 billion for its mortgage insurance unit, according to a regulatory filing. The company had deferred the …

Russia’s Renaissance Insurance Plans $1 Billion IPO in Moscow: Reuters

Renaissance Insurance Group is planning to hold an initial public offering on the Moscow Exchange potentially as early as this autumn, a source familiar with the preparation for the listing told Reuters on Friday. The source, who asked not to …

HCI Group’s Home and Flood Insurtech TypTap Files for Possible IPO

HCI Group, Inc. announced that its insurtech subsidiary, TypTap Insurance Group, Inc., a Florida-based writer of private market homeowners and flood insurance, has confidentially submitted a draft registration statement for a proposed initial public offering with the Securities and Exchange …

Homeowner Insurtech Hippo to Go Public Today as Real Estate Market Remains Hot

Hippo Enterprises Inc. wants to change homeowners’ insurance by using customer data to make it faster and easier to get coverage, Hippo’s chief executive said in an interview. The company, which has a $5 billion valuation and is due to …