Dear Etorians,
Dear Etorians,
The sharp rebound in stock markets in 2023 could revive the IPO market next year. Several high-profile issues are in the starting blocks, from the Reddit forum to the Italian shoe brand Golden Goose, including the fast-fashion star Shein. In France, Pluxee (Sodexo), Ampere (Renault) and the consumer health subsidiary of Sanofi are approaching.SpaceX: Elon Musk's space division of the galaxy, rumors have mentioned it, but Musk himself denies it. The file could be worth $180 B.
Shein: Shein, a Chinese e-commerce company specializing in fashion.
Bloomberg reported in early November that the group hoped to be valued at up to $90B, after reaching a price of $66B during a funding round last May.
Syngenta: Syngenta, leader in agrochemicals and seeds, initially Swiss. The company postponed an operation planned for this year in Shanghai, which could have valued it at $60 B.
Sanofi General Public: Sanofi General Public, division of consumer health products of the French laboratory, Sanofi gives in to the sirens of a split for an activity which presents weak growth and margins lower than the core business. However, the division could be worth $20 B.
Intel PSG (Intel): American processor giant plans to spin off programmable chips (Programmable Solutions Group), before carrying out its IPO. If the separation operation must be finalized in January 2024, the IPO risks being carried out only two or three years later. Intel acquired this business when it bought Altera in 2015, but it has regained interest (and growth) thanks to its exposure to certain applications in the field of artificial intelligence. Some analysts have put forward a valuation of $15 to $20 billion, but nothing official has yet filtered out.
Reddit: Reddit is a social media platform
The group had filed a first IPO file in 2021, but had given up on carrying out the operation. This time, the arrival on the stock exchange could take place as early as the first quarter of 2024, subject to market conditions. A valuation of $15 B is mentioned.
Zeekr (Geely): another manufacturer of electric vehicles, rather high-end and a subsidiary of the Chinese Geely. The valuation will be around $13 B.
Waystar: an American software publisher, specialist in health this time for $8B
Boots (Walgreens Boots): pharmacy chain present FOR €8b.
Will they be new investment opportunities?
What is certain is that such a great IPO reflects the confidence of the banks in raising funds and therefore the confidence of investors.