NVL News
Archived Headlines
- US IPO Week Ahead: Healthcare software and aluminum to lead 5 IPO week 05/31/24
- US IPO Weekly Recap: Launches and large filings fill in the short holiday week 05/31/24
- US-based aluminum company Novelis sets terms for $878 million IPO 05/28/24
- US IPO Week Ahead: IPO market breaks for the short Memorial Day week 05/24/24
- US IPO Weekly Recap: Hot pot chain leads the week’s IPOs as the pipeline gets a billion-dollar boost 05/17/24
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US-based aluminum company Novelis withdraws $878 million IPO
Novelis, an us-based aluminum roller and recycler owned by India's Hindalco, withdrew its plans for an initial public offering on Tuesday. It had filed to raise $878 million by offering 45 million shares (100% secondary) at a price range of $18 to $21. The...read more
US IPO Weekly Recap: Healthcare software leads $1.3 billion IPO week, even as Novelis calls off IPO
Five IPOs debuted this week, and raised over $1.3 billion in proceeds. One SPAC also listed. One name that did not join the fray was aluminum company Novelis (NVL), which called off its planned $878 million IPO at the eleventh-hour. Three IPOs...read more
US-based aluminum company Novelis postpones $878 million IPO
Novelis, a US-based aluminum roller and recycler owned by India's Hindalco, postponed its IPO on Wednesday, citing market conditions. It had filed to raise $878 million by offering 45 million shares (100% secondary) at a price range of $18 to $21. The Atlanta,...read more
Renaissance Capital's May IPO Market Update
Ten IPOs raised a combined $995 million in May, trailing the 10-year historical average (16 IPOs, $4.9B). May IPO activity declined from last month, which is not unusual based on historical trends, though in this case likely due to market turbulence in April. We...read more