An Initial Public Offering (IPO) is when a company lists its shares on a stock exchange for the first time. The money raised during an IPO is typically used to grow the company or allow existing shareholders to realise some of their investment.
IPOs can offer exciting opportunities for investors. It’s often the first chance people will get to invest in a major, global brand.
Until a company formally announces its intention to float on the stock market, IPOs are shrouded in rumours. Once confirmed, an IPO can happen very quickly, with investors only having a week or two to apply.
This announcement contains the text of a letter from the Chairman of Touchstone Innovations plc that is being despatched to all shareholders of Touchstone Innovations plc and persons with information rights with respect to Touchstone Innovations plc.
Canadian Overseas Petroleum Limited
Announce a Common Share offering to raise gross proceeds of £3.25 million (the “Placing”), pursuant to which the Company will issue 650,000,000 new common shares (“Placing Shares”) at a price of 0.5 pence per Placing Share. Management, including Arthur Millholland, President & CEO, representing approximately 3% of the existing share capital of the Company, and certain existing shareholders, plan to participate in the Placing for an amount approximately equal to their proportionate current holdings in the Company.
Cyber-security hasn’t strayed too far from the headlines this week thanks to the WannaCry ransomware attack last weekend.
Online menace: Cyber-security hasn’t strayed too far from the headlines this week thanks to the WannaCry ransomware attack last weekend
The cyber-attack infected more than 200,000 computers in 150 countries, including some of those owned by various governments and healthcare providers.
Model X | Tesla
If imitation is the sincerest form of flattery, then Elon Musk should be blushing.
In addition to the increased competition from big auto manufacturers, there are also now many venture-backed startups that are now kicking tires within the electric vehicle industry. According to Tracxn, a startup intelligence platform, some of Tesla’s rivals include Faraday Future, NextEV, and Atieva.