It has been an eventful week so let’s kill it with a swift tour of the rumour mill on a sunny, happy Friday that couldn’t be sunnier and happier and colder down here.
First things first.
With Tobias Meyer named as the new Deutsche Post DHL Group CEO from May 2023, the reign of Frank Appel comes to...
https://theloadstar.com/market-insight-dhl-db-schenker-dsv-maersk-cma-cgm-rumour-mill-tour/
Run ambitiously with the aim of creating a logistics platform with fast inorganic growth, Denmark’s mid-sized 3PL Scan Global Logistics (SGL) has been long enough on our radar. But, as it relentlessly continues to integrate new targets and, crucially, with skilled human resources – it hasn’t been long enough for it to stop surprising.
The latest examples of its M&A-led strategy were Horizon of the UK and New Zealand’s Orbis, both …
The post M&A radar: Scan Global Logistics – the Senator parallel
https://theloadstar.com/ma-radar-scan-global-logistics-the-senator-parallel/
Rivian, the Amazon-backed electric vehicle startup, exceeded even its expectations as it hit the public markets Wednesday at a value of nearly $70 billion. Late Tuesday, the company announced it would set the price per share at $78, above even the revised range of $72 to $74 per share it said in a Securities and Exchange Commission filing on Friday.
Morgan Stanley, Goldman Sachs and J.P. Morgan were the lead underwriters. Rivian plans to offer 153 million shares to the public.
In its regulatory...
https://www.freightwaves.com/news/amazon-ford-among-the-big-winners-in-rivians-ipo
Electric vehicle maker Rivian said it will start trading as a public company on the Nasdaq Stock Market next week under the ticker symbol RIVN at a valuation greater than $60 billion.
The news was first reported by The Wall Street Journal, which said a definitive value would be disclosed in a Securities and Exchange Commission filing expected later Monday. The publication said the value would be in the “low-$60s-billon range.”
If Rivian goes public at that valuation, it would rival current...
https://www.freightwaves.com/news/breaking-rivian-ipo-could-rival-value-of-ford
Amazon-backed electric vehicle maker Rivian confirmed Friday it has filed paperwork for an initial public offering, aiming to sell on the Nasdaq under the symbol “RIVN.” The placeholder value of the IPO is $100 million.
The public capital raise is being led by a syndicate that includes power players Morgan Stanley, Goldman Sachs and JP Morgan.
According to the filing, the EV maker is still far from profitable, losing $994 million in the first six months of 2021 and over $1 billion in 2020.
“We...
https://www.freightwaves.com/news/rivian-files-for-what-could-be-the-4th-largest-ipo-of-the-decade
By Joyce Lee (Reuters) Hyundai Heavy Industries’ shares closed 86% above their initial public offering (IPO) price on their trading debut in South Korea on Friday. The shipbuilder, one of the…
Electric-vehicle maker Rivian, which is backed by Amazon, Ford and T. Rowe Price, is looking to raise between $5 billion and $8 billion in an initial public offering, Reuters is reporting.
The company filed last month confidentially with the Securities and Exchange Commission for an IPO that could value the company at $80 billion.
“The size and price range for the proposed offering have yet to be determined,” the company said in a statement issued to the media at the time. “The initial public...
https://www.freightwaves.com/news/rivian-for-the-win-electric-vehicle-maker-targets-8b-ipo-windfall
Samsara Inc. said on Wednesday it has confidentially submitted plans to regulators for a U.S. initial public offering.
The number of shares to be offered and the price range have not been determined, according to a release. The IPO is expected to take place after the U.S. Securities and Exchange Commission completes its review.
San Francisco-based Samsara provides software and sensors to monitor and manage commercial fleets and industrial operations, with more than 20,000 customers in the energy,...
https://www.freightwaves.com/news/fleet-telematics-provider-samsara-confidentially-files-for-ipo
Electric vehicle maker Rivian has confirmed it has filed confidentially with the Securities & Exchange Commission for an initial public offering that could value the company at $80 billion, according to reports.
“The size and price range for the proposed offering have yet to be determined,” the company said in a statement issued to the media. “The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions.”
Bloomberg was...
https://www.freightwaves.com/news/breaking-amazon-backed-rivian-files-for-80b-ipo
South Korean shipbuilder Hyundai Heavy Industries (HHI) has decided to raise capital amounting up to KRW 1.08 trillion (about $932.8 million) in an effort to fund the development of eco-friendly…
https://www.offshore-energy.biz/hhi-seeks-930m-ipo-to-fund-eco-friendly-ship-tech/