Latest news with #publicmarket
Bloomberg
22-07-2025
- Business
- Bloomberg
Crypto Firms Making Moves in the Public Market
The renewed optimism in crypto has seen a new wave of firms such as Cantor Fitzgerald and BitGo making moves in the public market. Bloomberg's Anthony Hughes reports. (Source: Bloomberg)
Bloomberg
21-07-2025
- Business
- Bloomberg
'The Ether Machine' to Go Public with $1.5B Listing
The Ether Machine is set to go public and give investors access to crypto via the public market. The Ether Machine Chairman Andrew Keys speaks with Caroline Hyde on 'Bloomberg Tech'. (Source: Bloomberg)
Entrepreneur
14-06-2025
- Business
- Entrepreneur
Fidelity Raises Lenskart Valuation to $6.1 Billion Ahead of Anticipated IPO
The valuation bump comes just months after Fidelity's previous assessment in November 2023, which pegged Lenskart's worth at $5.6 billion. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Fidelity has marked up the valuation of omnichannel eyewear retailer Lenskart to $6.1 billion, according to its latest monthly portfolio update, reviewed by Economic Times. The revised valuation is based on data as of April 30, reflecting a steady upward trajectory for the Peyush Bansal-led company as it gears up for a public market debut. The valuation bump comes just months after Fidelity's previous assessment in November 2023, which pegged Lenskart's worth at $5.6 billion. The change signals continued investor confidence in the company's growth and profitability prospects, especially as it edges closer to an initial public offering. In June 2024, Lenskart raised $200 million through a secondary transaction, followed by an additional $20 million investment led personally by CEO Peyush Bansal. These deals pushed the company's funding total to nearly $1 billion, with the secondary round setting a valuation benchmark at $5 billion, a figure Fidelity had also participated in. The latest valuation revision coincides with key steps Lenskart is taking toward its IPO, where it aims to raise $1 billion at a targeted valuation of $10 billion. As part of that process, the company recently converted its holding entity from a private to a public limited company, a development first reported by Entrackr. According to ET, Lenskart is also preparing to file its draft red herring prospectus (DRHP) confidentially with the market regulator before the end of this month. Financially, Lenskart has shown marked improvement. In FY24, the company narrowed its losses by 84 per cent, reducing them to INR 10 crore from INR 63 crore in FY23. Operational revenue also rose sharply—up 43 per cent to INR 5,427.7 crore. While results for FY25 are yet to be disclosed, the latest figures suggest a company moving toward sustained profitability ahead of a major public listing. Founded in 2010, Lenskart has grown into one of India's most prominent consumer retail brands, blending e-commerce with a physical retail footprint.
Wall Street Journal
06-06-2025
- Health
- Wall Street Journal
Omada Health IPO to Price at $19 a Share as GLP-1s Fuel Interest
Omada Health is making its public-market debut, propelled by Americans' renewed focus on how weight affects physical health. The virtual healthcare platform on Friday will start trading publicly after 14 years of providing support to patients with weight-related chronic illnesses. Leadership sees the current moment as the perfect time for an IPO, as GLP-1 drugs such as Ozempic, Wegovy and Mounjaro have sparked renewed focus on health problems that can stem from obesity, President Wei-Li Shao said.
Globe and Mail
02-06-2025
- Business
- Globe and Mail
Ingledew selling at Aritzia (ATZ)
Todd Jeremy Ingledew, CFO, exercised Options and disposed of 30,000 Subordinate Voting Shares on a direct ownership basis at a price of $67.920 on May 27th, 2025. This represents a $2,037,600 divestment of the company's shares into the public market. Let the insiders guide you to opportunity at
