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OCFT News

US IPO Weekly Recap: Investors foot the bill as Bill.com climbs 77%

BILL

Five IPOs and three SPACs raised a combined $3.2 billion this past week led by Bill.com (BILL) in the best debut of the quarter with a 61% first day pop. Four companies submitted initial filings. The week’s best performer,...read more

Ping An-backed tech platform OneConnect prices US IPO at $10 high end of lowered range

OneConnect Financial Technology logo

OneConnect Financial Technology, a Ping An-backed provider of operations management tools for financial firms, raised $312 million by offering 31.2 million ADSs at $10, the high end of the revised range of $9 to $10. The company issued 5.2 million more ADSs than...read more

Ping An-backed tech platform OneConnect decreases proposed US IPO deal size

OneConnect Financial Technology logo

OneConnect Financial Technology, a Ping An-backed provider of operations management tools for financial firms, lowered the proposed deal size for its upcoming US IPO on Wednesday. The Shenzhen, China-based company now plans to raise $247 million by offering...read more

Hard times for SoftBank in the IPO market

OneConnect Financial Technology logo

The We Company (WE) isn’t SoftBank’s only dud. SoftBank has been a principal shareholder on two US IPOs this year, both of which are now underwater. This week’s IPO of Chinese software platform OneConnect Financial Technology...read more