IPO

Edison issues update on Seraphim Space Investment Trust (SSIT): Several key holdings funded to break-even

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星期三, 四月 10, 2024
Traction, IPO, SSIT, NAV, ETF, ICEYE

Seraphim Space Investment Trust (SSIT) reported a modest 1.8% NAV total return (TR) in H124, as the positive impact from up rounds (most notably D-Orbit’s) was partly offset by downward fair value adjustments of some other holdings due to technical setbacks or operational underperformance.

Key Points: 
  • Seraphim Space Investment Trust (SSIT) reported a modest 1.8% NAV total return (TR) in H124, as the positive impact from up rounds (most notably D-Orbit’s) was partly offset by downward fair value adjustments of some other holdings due to technical setbacks or operational underperformance.
  • However, we note that fund-raising across the spacetech sector remained robust in CY23.
  • Excluding the fully funded companies, the remaining portfolio has a fair value weighted average cash runway of 12 months, according to Seraphim Space.
  • Once IPO activity rebounds, this could provide SSIT’s major holdings the opportunity to list (though this seems more likely in CY25 rather than this year).

Edison issues flash on Foresight Solar Fund (FSFL): Optimising capital allocation

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星期三, 四月 10, 2024
FSFL, Share repurchase, London Stock Exchange, Renewables Obligation (United Kingdom), NAV, Sale, Foresight Solar Fund, IPO

Foresight Solar Fund (FSFL) celebrated its 10-year anniversary of listing on the London Stock Exchange with decade-high cash distributions from assets of £120.4m in its FY23 results (year end 31 December).

Key Points: 
  • Foresight Solar Fund (FSFL) celebrated its 10-year anniversary of listing on the London Stock Exchange with decade-high cash distributions from assets of £120.4m in its FY23 results (year end 31 December).
  • There is significant headroom in the dividend cover to operate further out, even in a falling power price environment.
  • The latest sale of a UK solar asset indicates a value per megawatt roughly 15% above the valuation FSFL uses on its UK portfolio of £1.17m/MWh.
  • This comes alongside the sale of two other UK solar portfolios in 2023, both at greater valuations than FSFL’s valuation per megawatt hour.

EQS-News: Final offer price for DOUGLAS AG shares set at 26.00 euro per share

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星期三, 四月 10, 2024
Deutsche Bank, Citigroup, RBI, Growth, Frankfurt Stock Exchange, Goldman Sachs, WKN, UBS, Intesa Sanpaolo, UniCredit, IPO, BNP Paribas, Investment, Jefferies, LBBW, CVC Capital Partners, DOU, Security (finance)

CVC Capital Partners and the Kreke family remain main indirect shareholders after the IPO and do not sell any shares at the IPO.

Key Points: 
  • CVC Capital Partners and the Kreke family remain main indirect shareholders after the IPO and do not sell any shares at the IPO.
  • The total offer size amounts to around 890 million euro with gross proceeds for DOUGLAS AG of around 850 million euro, which corresponds to a market capitalization of DOUGLAS AG of around 2.8 billion euro.
  • Sander van der Laan, CEO DOUGLAS Group, said: “The significant investor interest in the DOUGLAS Group underlines the exceptional work our team has accomplished in recent months.
  • The shares of DOUGLAS AG are expected to be trading on the regulated market (Prime Standard) of the Frankfurt Stock Exchange from March 21, 2024, on.

EQS-News: HomeToGo Releases 2024 Outlook: Strong Growth in IFRS Revenues of >35% YoY to €>220M Alongside Significant Adjusted EBITDA Growth. Share Tender Offering Announced

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星期三, 四月 10, 2024
DACH, Software as a service, Interest, Growth, Q&A, Frankfurt Stock Exchange, Eggo, CFO, Partnership, Webcast, Share repurchase, Acquisition, Introduction, AI, IPO, Record, Adjustment, Yoy, HTG, Annual report, Marketplace, Marketing, Service, Pharmaceutical industry

HomeToGo Releases 2024 Outlook: Strong Growth in IFRS Revenues of >35% YoY to €>220M Alongside Significant Adjusted EBITDA Growth.

Key Points: 
  • HomeToGo Releases 2024 Outlook: Strong Growth in IFRS Revenues of >35% YoY to €>220M Alongside Significant Adjusted EBITDA Growth.
  • HomeToGo Releases 2024 Outlook: Strong Growth in IFRS Revenues of >35% YoY to €>220M Alongside Significant Adjusted EBITDA Growth.
  • Booking Revenues to grow to €>250M (>30% YoY) vs. €190.1M in FY/23
    IFRS Revenues to grow to €>220M (>35% YoY) vs. €162.0M in FY/23
    Adj.
  • EBITDA to grow to €>10M (>400% YoY) vs. €1.8M in FY/23
    Booking Revenues of €190.1M for FY/23 (16% YoY), surpassing FY/23 financial guidance.

Syngenta Group reports $32.2 billion sales and $4.6 billion EBITDA in 2023

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星期三, 四月 10, 2024
HTC, CER, Farmer, Pressure, Farm, Growth, Nutrition, Biologicals, Crop protection, Flower, Shanghai Stock Exchange, Syngenta, Acquisition, IPO, Seed, MAP, Soil, Huludao, Fine chemical

Full-year sales of Syngenta Crop Protection were 5 percent lower at $15.5 billion after exceptional growth in the previous year.

Key Points: 
  • Full-year sales of Syngenta Crop Protection were 5 percent lower at $15.5 billion after exceptional growth in the previous year.
  • ADAMA sales decreased 17 percent to $5.6 billion for the full year 2023, with significant channel destocking, particularly in the Americas, affecting the comparison.
  • Syngenta Seeds sales grew 2 percent to $4.8 billion in the full year 2023 in an overall growing seeds market.
  • Sales of Syngenta Group China, consisting of the Group’s Seeds, Crop Protection, Crop Nutrition, MAP and digital activities in China, grew 11 percent to $9.6 billion in the full year 2023.

Waga Energy successfully raises €52 million in an accelerated bookbuild offering

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星期三, 四月 10, 2024
Offering, CMA-CGM, IPO, Climate, EPA, Methane, Renewable natural gas, Commercial code, RNG, Security (finance)

The settlement-delivery of the Offering is expected to occur on March 25, 2024, subject to customary conditions.

Key Points: 
  • The settlement-delivery of the Offering is expected to occur on March 25, 2024, subject to customary conditions.
  • Gross proceeds from the Offering amount to €52 million, and net proceeds amount to approximately €50.2 million.
  • 3,939,394 New Shares will be issued, representing c. 19.2% of the Company’s existing share capital before Offering.
  • By way of illustration, a shareholder holding 1% of the share capital prior to the Offering and which did not participate in the Offering will hold 0.8% after completion of the Offering.

EQS-News: IONOS Group SE with successful financial year 2023

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星期三, 四月 10, 2024
Intelligence, Marketing, Environment, Frankfurt Stock Exchange, AI, IPO

IONOS Group SE has continued its successful growth trajectory in 2023.

Key Points: 
  • IONOS Group SE has continued its successful growth trajectory in 2023.
  • The adjusted EBITDA margin rose to 27.4% in the 2023 financial year, compared to 26.7% in the previous year.
  • Due to the successful development in the financial year, IONOS already published a guidance for 2024 and 2025 in December 2023.
  • The adjusted EBITDA margin is expected to be around 28.5% (2023: 27.4%), resulting in adjusted EBITDA of around €450 million (2023: €390.3 million).

One Heritage Group plc: Directorate Change

Retrieved on: 
星期三, 四月 10, 2024
CIO, Growth, PLC, Heritage, OHG, IPO, Investment, Management

Peter Cheung has decided to step down from his part time role as Chief Investment Officer (CIO) due to personal reasons.

Key Points: 
  • Peter Cheung has decided to step down from his part time role as Chief Investment Officer (CIO) due to personal reasons.
  • After some discussion, the Board of Directors accepts and respects his decision and expresses gratitude for his significant contributions throughout his tenure with the Company.
  • To ensure a seamless transition and effective management, the Company has recruited a new Head of Investment, who will officially start in post on 15th April 2024.
  • These enhancements include the option for an extension up to 31st December 2028, at the discretion of the Company.

EQS-News: CTS EVENTIM celebrates 18th record year since its IPO

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星期三, 四月 10, 2024
EUR, Annual report, Growth, Supervisory board, AG, Partnership, Sale, IPO, LANXESS, Creativity, INC, Exhibition, Live, CTS Eventim, Artisan Entertainment, Government, CTS

EQS-News: CTS Eventim AG & Co. KGaA

Key Points: 
  • EQS-News: CTS Eventim AG & Co. KGaA
    The issuer is solely responsible for the content of this announcement.
  • Annual revenue surpasses the EUR 2 billion mark for the first time and rises to EUR 2.359 billion (+22%), the 18th record figure since the IPO in 2000.
  • Klaus-Peter Schulenberg, CEO of CTS EVENTIM: ”Live entertainment is once again driving the arts and creative sectors.
  • Klaus-Peter Schulenberg, CEO of CTS EVENTIM: ”These excellent results are proof that live entertainment is once again driving the arts and creative sectors.

EQS-News: United Internet with successful fiscal year 2023

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星期三, 四月 10, 2024
Business, Montabaur, Growth, Supervisory board, EPS, IPO, United Internet, Investment, Depreciation, Security (finance)

United Internet AG can look back on a successful fiscal year 2023.

Key Points: 
  • United Internet AG can look back on a successful fiscal year 2023.
  • Valuation effects from derivatives amounted to EUR -0.5 million in the prior-year period and EUR -6.3 million in the fiscal year 2023.
  • In an ad-hoc announcement on December 19, 2023, United Internet AG announced its guidance for the fiscal year 2024.
  • After concluding its fiscal year 2023, United Internet is now confirming this guidance and expects an increase in consolidated sales to approx.