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Top related persons:
Avery Spear - 2 Spear - 1 Mark Walsh - 1 Brendan McDermid - 1 Johnson - 1 Ares - 1 Niket Nishant - 1 Sri Hari - 1
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New York City U.S U.S . Sri Bengaluru Echo New York
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Renaissance - 2 Tech - 1 FTSE Russell - 1 New York Stock Exchange - 1 REUTERS - 1 Ares Management - 1 U.S - 1 U.S . Federal - 1

Search resuls for: "Avery Spear"


3 mentions found


☆ The IPO market is waking up, and an ETF that tracks new stocks is soaring. How it works
  + stars: | 2023-08-03 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com   time to read: +2 min
As stocks fell into a bear market last year and interest rates jumped sharply, the market for initial public offerings ground to a halt. And investors have warmed up to less-proven stocks in general, as shown by the Renaissance IPO ETF (IPO) . IPO YTD mountain The Renaissance IPO ETF has outperformed the S & P 500 in 2023. The fund does not have any restrictions around concentrations in specific industries. "Right now, it's very tech-heavy, which is to be expected after 2021 when a lot of big tech companies went public," Spear said.
Persons: Avery Spear, Spear Organizations: Tech, FTSE Russell, Renaissance
☆ Thrift store operator Savers valued at nearly $4 billion in market debut
  + stars: | 2023-06-29 | by ( Sri Hari N S Niket Nishant | Sri Hari N S | Niket Nishant | ) www.reuters.com   time to read: +2 min
[1/3] Mark Walsh, CEO of Savers Value Village, celebrates his company's IPO on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 29, 2023. REUTERS/Brendan McDermidJune 29 (Reuters) - Thrift store operator Savers Value Village (SVV.N) fetched a market capitalization of nearly $4 billion in a strong debut on the New York Stock Exchange on Thursday, underscoring a resurgence in the IPO market as investors lap up new listings. Savers Value, owned by private equity firm Ares Management (ARES.N), joins a host of companies that have enjoyed a warm reception in recent months, reviving hopes the frosty IPO market has begun to thaw. So really this (an IPO) was the right smart option for us to move forward," said Savers Value CEO Mark Walsh. Savers Value and Ares raised over $401 million in the share sale on Wednesday.
Persons: Mark Walsh, Brendan McDermid, Avery Spear, Johnson, Ares, Niket Nishant, Sri Hari, Echo Wang, Krishna Chandra Organizations: New York Stock Exchange, REUTERS, Ares Management, U.S, U.S . Federal, Renaissance, Rivian, Kodiak Gas Services, Fidelis Insurance Holdings, Canada's Healthcare, Ontario, Norway's Norges Bank Investment Management, Thomson Locations: New York City, U.S, U.S ., Sri, Bengaluru, Echo, New York
☆ Intel's Mobileye unit valued at $21 bln as shares cruise higher in debut
  + stars: | 2022-10-26 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Shannon StapletonOct 26 (Reuters) - Shares of Mobileye Global Inc (MBLY.O) opened 27% higher on Wednesday, valuing the self-driving technology unit of Intel Corp (INTC.O) at $21.3 billion as investors lapped up what could be the last big IPO of 2022. It also underscores Mobileye's strong financials, analysts said, which attracted investors who have turned selective amid mounting economic challenges. "Investors now place greater focus on companies' free cash flows, revenues/profitability or path-to-profitability, over just growth projections," said Paul Go, global IPO leader at EY. Before being acquired by chipmaker Intel in a $15.3 billion deal in 2017, Mobileye had been listed on the New York Stock Exchange since 2014. On Tuesday, Mobileye was valued at $16.7 billion after selling shares above the marketed range of $18 to $20, to raise $861 million.
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