In this video, Madeleine Nuttall, Director, Legal Counsel at PropertyGuru Group who managed the company's SEC Filings as a Foreign Private Issuer (including Annual Report Form 20-F and Form 6-K) shares her experience using ActiveDisclosure.
Watch this video to discover how the company has leveraged the software alongside DFIN’s 24/7/365 expert support to drive speed, accuracy and cost efficiencies in their financial reporting workflows when the company was listed on the NYSE.
"Q1 started strong with fourteen $50M+ offerings in the initial six weeks. However, escalating concerns over tariffs, recession fears, sticky inflation, and budget talks led to market volatility, delaying hopes for a stabilized IPO market. Despite these challenges, Q1 concluded with CoreWeave entering the public market, and we are optimistic that Q2 will bring the clarity and stability needed for a normalized IPO market." Craig Clay, President of Global Capital Markets, DFIN
The SEC’s Division of Corporate Finance has issued new guidance that expands accommodations for issuers submitting draft registration statements for nonpublic review. These changes build on previous efforts to support capital formation while maintaining investor protection, making it easier for companies to navigate the registration process.
"Q4 started off strong with ten $50 million+ offerings in October—the busiest month for offerings this size since November 2021. Silent night was the theme for the remainder of the quarter as companies continued to push their IPO timelines. There is optimism the market will fully normalize in the new year, and we see a significant break in the IPO backlog." Craig Clay, President of Global Capital Markets, DFIN
"The summer wave of offerings expected in Q3 did not materialize, with only thirteen sizeable IPOs raising ~$7.7 billion. The slow rebound will likely continue in Q4, although some substantial offerings are on the horizon, including billion-dollar offerings for DFIN clients Ingram Micro, and Solera."
Craig Clay, President of Global Capital Markets, DFIN
"Spring showers created some welcomed activity for $100 million+ IPOs in Q2, surpassing 2022 and 2023's full-year volume. As we head into the summer months, the normal summer lull is expected to be replaced with a splash as companies look to list before the November election."
Craig Clay, President of Global Capital Markets, DFIN
"Q1 closed with a bit of a spring thaw caused by IPO pipeline movement and positive price performance. Green shoots are expected to continue in Q2 as investor confidence increases from successful public debuts like Reddit and Astera Labs." Craig Clay, President of Global Capital Markets, DFIN
Congratulations to the 33 operating companies in Q1 who made their public debut via a traditional IPO raising ~$8 billion and the 29 companies who made their public debut via a SPAC merger. Special congratulations to our clients:
2024 will be another busy year for the Securities and Exchange Commission (SEC) as it continues to modernize key processes. This year alone, the Commission plans to adopt 25 new rules which includes the new SPAC rules adopted earlier this year.
As businesses begin to look ahead, DFIN’s latest eBook examines five rules that companies should be preparing for now and how ActiveDisclosure can help.
The five rules include:
Practical insights for APAC companies contemplating a listing in the U.S. capital market as Foreign Private Issuers (FPIs).
Raising a round can be daunting. How do you stand out in the crowd? What are the essential elements to get your financial model right? How should you choose your investors to support your business’ next phase of growth?