Commentary & News

This week, Rubrik (RBRK) plans to raise $679 million at a $6.1 billion market cap, marking the largest software IPO since late 2021. The founder-led company provides a zero-trust security platform that combines AI and automation to protect data across enterprise, cloud, and SaaS applications. Unlike traditional platforms and point solutions, Rubrik believes its...read more

YY Group Holding, which provides smart cleaning services and a labor marketplace in Singapore and Malaysia, raised $4.5 million by offering 1.1 million shares at $4.00, the low end of the range of $4.00 to $5.00. Through its subsidiaries, YY Group provides enterprise manpower outsourcing and smart cleaning services in Singapore and Malaysia. In 2019, the company digitalized...read more

Viking Holdings, a global luxury river and ocean cruise line, announced terms for its IPO on Monday. The Pembroke, Bermuda-based company plans to raise $1.0 billion by offering 44 million shares (75% secondary) at a price range of $21 to $25. A new investor has indicated on $100 million worth of shares in the offering (10% of the deal). At the midpoint of the proposed range, Viking...read more

mF International, a Hong Kong-based trading platform provider, raised $8 million by offering 1.7 million shares at $4.50, within the range of $4 to $5. The company offered 0.1 million more shares than anticipated. Operating through three Hong Kong subsidiaries, principally m-FINANCE, mF International develops and provides financial trading solutions to customers via internet or...read more