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. …

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…

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…

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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