OCFT News
Archived Headlines
- US IPO Week Ahead: The largest IPO of the 4Q, its sole US tech unicorn, and flying taxis 12/06/19
- US tech looks to test a challenging IPO market 12/05/19
- Softbank-backed OneConnect faces $2.6 billion haircut in year's largest IPO down round 12/04/19
- Ping An-backed tech platform OneConnect sets terms for $468 million US IPO 12/02/19
- US IPO Week Ahead: Saudi Aramco attempts largest-ever global IPO as US market preps for December blitz 11/29/19
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US IPO Weekly Recap: Investors foot the bill as Bill.com climbs 77%
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, Bill.com (BILL) raised...read more
Ping An-backed tech platform OneConnect prices US IPO at $10 high end of lowered range
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...read more
Ping An-backed tech platform OneConnect decreases proposed US IPO deal size
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
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 (OCFT) would...read more