Ipo articles
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SEBI bans SME firm from capital market for misusing IPO proceeds
SEBI bans Varanium Cloud from securities market due to misused IPO funds, questionable financial statements, and stock manipulation.
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Digit cuts valuation for IPO; Internet firms vs Google in NCLAT
Insurtech startup Digit is eyeing a discounted $3 billion valuation through its proposed public offering. Details on this and more in today’s ETtech Top 5.Also in this letter:■ Freshworks' Girish Mathrubootham on top-deck rejig■ SoftBank sells off Vision Fund assets■ OpenAI to unveil Google search alternative soonDigit’s IPO valuation down 25% from last round 110014887Kamesh Goyal, chairman, Digit InsuranceInsurance startup Digit is valuing itself at a 25% discount to its last known private...
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Saudi Arabia's Miahona IPO priced at top of the range, adviser says
DUBAI - Saudi Arabian water and wastewater infrastructure company Miahona's initial public offering (IPO) was priced at the top of the targeted valuation range, according to an adviser on Thursday. The public-private partnership company is raising $148 million by selling a 30% stake - amounting to 48,277,663 shares - at 11.5 riyals ($3.07) a piece, according to a filing by adviser Saudi Fransi Capital. The IPO offer price implies a market capitalisation of $493.3 million, according to Reuters...