Source: Bit Blogger

1. Private Equity firm Bridgepoint goes public

Key facts

IPO date: 21st July 2021

Stock market debut: London Stock Exchange

Ticker symbol: BPT

Offer price: 350 pence per share

Shares offered: 85 million new shares

Bridgepoint was founded in 2000 after a management buyout from NatWest Equity Partners and has assets under management of €27.4 billion. …


LinkedIn

1. ETF inflows reach record highs

ETF inflows for 2021 have reached $488.5 billion. Traditionally, inflows in the second half of the year tend to be greater than the first half as shown in the graph below.


MoneyWeek

Key facts

IPO date: 7th July 2021

Stock market debut: London Stock Exchange

Ticker symbol: WISE

Offer price: £8 per share

Shares offered: No new shares issued as the IPO was a direct listing

2020 figures: Revenue of £421 million in 2020 and the firm has been profitable since 2017.


Source: MoneyWeek

1. China cracks down on tech companies and US listings

On Tuesday, China announced it would crack down on Chinese companies listing overseas, a move which could cool the current booming IPO market. Beijing’s State Council released a statement announcing it would tighten data regulations in relation to “cross-border data flows and the information security of overseas-listed companies.”

Didi Global…


Source: Crawleynews

Key facts

IPO date: 1st July 2021

Stock market debut: Nasdaq Stock Exchange

Ticker symbol: DNUT

Offer price: $17 per share

Shares offered: 29,411,765 shares

2020 figures: Revenue rose 17% to $1.12 billion, but the company reported a net loss of $60.9 million.

Company Overview

Krispy Kreme is popular all…


1. Inflation may rise to 4% says Bank of England economists

Andy Haldane, outgoing Chief Economist for the Bank of England has stated that he expects UK inflation to be nearer 4% than 3% by the end of this year. If this was to occur, inflation would be double the Bank’s target of 2%. …


1. Crypto market update

China cracks down on crypto — Monday

China has enhanced its crackdown on cryptocurrencies as the top three mining regions in the country have started making moves against miners. Moreover, the government reportedly met with major banks again this week to reiterate that banks cannot be involved with cryptocurrency transactions…


Forbes

1. UK Inflation rises above Bank of England target

UK consumer price inflation (CPI) jumped to 2.1% in May, above the Bank of England’s 2% target and its highest since July 2019, official figures showed today. This was an increase of 0.6% from April and the rise was mostly caused by the pent up demand, some of which was…


The Times: Canary Wharf London

When the pandemic began to take hold last March and lockdowns were enforced, banks and other businesses alike had to adapt their business models quickly to ensure their employees could work from home. …


HT Tech

1. UK economy continues recovery, but lags behind G20 economies

The UK economy grew for the third month in a row, increasing by 2.3% in April, its fastest monthly growth since July last year. This was slightly below economists expectations of growth of 2.4%.

The services sector provided the biggest uplift, with output growing 3.4% during the month. Consumer-facing services…

Jaanki Thakrar

The Financial Wire is a student-led blog covering a range of topics in finance, including financial market updates, IPO’s + more

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