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IPO Watch

The Fresh Market Files for an IPO Price estimated at $250 Million

In March 2011, the company went public, raising $290 million, before being acquired and taken private by Apollo Global Management for $1.4 billion in 2016.

On March 12, 2021, The Fresh Market filed a confidential filing. The deal’s joint book runners are Credit Suisse, BofA Securities, Barclays, Deutsche Bank, RBC Capital Markets, BMO Capital Markets, Guggenheim Securities, and Apollo Global Securities. There were no pricing details provided.

Company Profile

The Fresh Market offers high-quality, fresh goods and hard-to-find items in a small, intimate store with great cleanliness and high-touch guest care. It is an Apollo-backed fresh food supermarket with over 150 locations in 22 states.

(Source: NASDAQ.com)

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Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.

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IPO Watch

EVmo a ridesharing rental service to raise IPO to $12 Million

The Beverly Hills, California-based company was created in 2016 and has revenue of $8 million for the year ending March 31, 2021. It intends to trade under the symbol “EVMO” on the NASDAQ. The deal’s sole book runner is Think Equity. There were no pricing details provided.

Company Profile

EVmo, Inc. connects rideshare drivers in need of a suitable car with rideshare firms that rely on attracting and retaining drivers. It operates primarily in Rideshare Car Rentals and Distinct Cars, two wholly-owned subsidiaries. Rideshare has an online reservation system. Customers who are drivers in the ridesharing and delivery gig industries can rent a fleet of passenger vehicles and transit vans for usage in the last-mile logistical space from Distinct Cars, which also provides them with insurance coverage and issues them insurance cards in their own names.

(Source: NASDAQ)

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Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.

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IPO Watch

B2B software SPAC Bannix Acquisition cuts deal size by 50% ahead of $50 million IPO

One share of common stock, one right to earn one-tenth of a share upon completion of an initial business combination, and one warrant, exercisable at $11.50, are included in each unit.

Bannix Acquisition will raise -50% less money under the new deal size than it had planned.

Company Profile

Bannix Acquisition Corp. is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. We intend to focus on B2B enterprise software companies, particularly those operating in the Customer Engagement space within the telecom, retail and financial services sectors. We will target businesses located in North America and Western Europe, ideally those with a recurring revenue model and an overall transaction value of at least $400 million.

(Source: NASDAQ.com)

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Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.

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ipo IPO Watch

Terms out for Clarity’s $358 million IPO

Oncology imaging technologies and medicines are the focus of Clarity. It’s working on Targeted Copper Theranostic (TCT) products, which allow copper to be utilised in the diagnosis and treatment of malignancies like prostate and breast cancer, as well as uncommon and orphan diseases like neuroblastoma, which arises from immature nerve cells in children.

It will undoubtedly be compared to Telix, the only other publicly traded radiopharmaceutical business, which has gained 38.4% year to date and has a market capitalization of $1.6 billion.

Clarity is chaired by Alan Taylor, a former Inteq consultant who handled a number of Australian listings, and is run by Colin Biggin, a former Algeta executive. Major supporters such as Australian Unity and Sydney-based investment manager Firetrail Investments joined KKR-backed GenesisCare in a $25 million pre-IPO funding round last year.

Company Profile

Clarity is a clinical stage radiopharmaceutical company developing next-generation theranostic (therapy and imaging) products, based on its platform SAR Technology. The SAR Technology is ideally suited for use with copper isotopes, enabling superior imaging and therapeutic characteristics of radiopharmaceutical products and addressing the current manufacturing and logistical limitations in the growth of the radiopharmaceutical sector in oncology.

(Source: AFR News)

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Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.

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Currencies Trading Ideas & Charts

AUD/JPY Likely To Continue Declining

On the other hand, Bearish traders may find support at 81.13 in the coming trading sessions.

AUD/JPY 4 hourly chart

(Source: Fxstreet)

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Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.

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IPO Watch

SPAC CleanTech Acquisitions IPO Valued At $150 Million.

CleanTech Acquisition raised $150 million by issuing 15 million units at $10 by targeting the CleanTech and ClimateTech sectors. One share of common stock, one right to obtain one-twentieth of a share upon completion of an initial business combination, and one-half of a warrant, exercisable at $11.50, are included in each unit.

CleanTech Acquisition intends to list on the New York Stock Exchange under the ticker name CLAQU. Chardan Capital Markets acted as the deal’s sole book runner.

Company Profile

Eli Spiro is the CEO and Director of the company who is the co-founder and CEO of boutique investment banking firm Axxcess Capital Partners, and Chairman Jon Najarian who is the co-founder of individual investing education platform Market Rebellion, both leads the company.

It is an internet platform that connects businesses with potential customers, strategic partners, and investors. The company provides i3, an online platform that allows businesses to build and manage their pipelines, market their technology interests to start-ups around the world, and gain insight into various industries, as well as advisory services related to product and service design for CleanTech businesses.

(Source: NASDAQ.com)

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Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.

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Currencies Trading Ideas & Charts

AUD/JPY Sentiment Outlook – Bearish

Currently, Daily High is 81.749 while daily low is 81.456.
A bearish crossover between the 20- and 50-day SMAs suggests a near-term technical tendency to the downside.
The 200-day SMA, on the other hand, is approaching, and it could reintroduce the main upward trend as critical support.

(Source: FX Street)
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Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.

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ipo IPO Watch

Luxury Social Club Operator Membership Collective prices IPO at $14 low end

The Membership Collective Group sells subscriptions to a variety of restaurants and social groups across the world.

Soho Houses are the company’s core locations, which are designed to be collaborative, creative spaces for writers, artists, performers, entrepreneurs, directors, designers, and producers.

A group of influential creatives and innovators who represent the local area selects the members of each Soho House.

Other locations offered by Membership Collective Group include the work-oriented Soho Works, The Ned in London, and Scorpios Beach Club in Mykonos.

Company Profile

Membership Collective Group Inc. is a global membership platform. The Company offers platform of physical and digital spaces that connects a diverse group of members to work, socialize, and flourish all over the world. Membership Collective Group serves customers worldwide.

(Source: NASDAQ)

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Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.

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Currencies Trading Ideas & Charts

3 Key Factors Affecting the Exchange Rate Fluctuations between AUD and INR

High interest rates in India attract foreign investors to earn high returns for their savings which increases demand & value of the Rupee against AUD and vice versa. Presently the cash rates are 8.5% and 2.25% for Reserve Bank of India and Reserve Bank of Australia respectively.

  1. Inflation

Inflation is general price rise over a period of time. A prices rise will buy you less i.e. it erodes the value of money over time. Presently India is facing high inflation of about 5.5% to 8.5% which decreases the demand for Rupees. And Australia facing relatively low inflation approx to 1.3% creates safer option to invest for the investor and increases demand for the AUD but the Rupee falls. Investors’ confidence changes with political stability affecting the price of currency which causes the decrease in value of the Indian currency against the AUD.

  • Balance of Payment

Rise in exports for a foreign country appreciates the value of currency of the country. If we import from Australia the payment has to be done in Australian dollars which increases the value and demand for AUD. And opposite is the case with increase in imports i.e. it will devalue the local currency. And this difference between the imports and exports for the country is termed as Balance of Payment. If the imports are greater than exports then, local currency will fall and vice versa.

India and Australia are negotiating a free trade deal that would allow goods to flow freely between the two countries without additional taxes, tariffs or import quotas. This would help in balancing import/export imbalances. As a result, the currency is anticipated to be more stable.

(Source:  Orbitremit)

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Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.

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Currencies Trading Ideas & Charts

AUD/JPY Price Analysis: Offered 15 Week Old Support Line Above 82.00

Meanwhile, before aiming for the monthly declining trend line near 83.50, the corrective bounce will have to clear the 82.80 immediate barriers.

The late May low near the 84.00 round figure is also acting as a major upside hurdle.

To sum up, the AUD/JPY remains under pressure, although bearish are waiting for confirmation of even more losses.

(Source: Fxstreet)

General Advice Warning

Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.