Innovative sought advice from several leading firms to assist with a thorough diligence process prior to entering into the Merger Agreement. Q2 2022 saw a number of transactions being canceled or postponed as investors continued to test valuations. We highlight where current processes, procedures, structures and practices fall short of the requirements for a company whose securities are to be publicly traded and provide recommendations on how to address these gaps. By creating a free account, you agree to our, Remote Work Is Better with This Portable Touchscreen Monitor, Oil spill in rural Kansas creek shuts down Keystone pipeline, Japanese company's lander rockets toward moon with UAE rover, SpaceX launches a private mission to the moon with a Japanese lander and United Arab Emirates rover, Facing COVID surge, China expanding hospitals, ICUs, Shoppers, workers clash over post-pandemic expectations. By clicking subscribe, I agree to receive news updates and promotional material from Mediacorp and Mediacorp's partners. DividendInvestor.com is the most powerful dividend-detecting resource available today. However, other investors may have other taxable investment accounts that they are planning on using in their retirement. Are Investors Hearing The End Of Spotify's Downtrend? Another Asian EV startup is planning a US listing, which could offer diversification away from Chinese companies. DealBook Newsletter The Stakes Behind the F.T.C.s Bid to Block Microsofts Big Deal. These documents (when they are available) can also be obtained free of charge from Innovative upon written request at Innovative International Acquisition Corp., 24681 La Plaza, Ste 300, Dana Point, CA 92629. DLA Piper LLP (US) is acting as legal advisor to Cohen & Company Capital Markets. Italy, being the notable exception, had a USD0.5 billion listing with Industrie De Nora SpA (chemicals). If you get nothing else from this exercise, please understand that you do yourself no favors by providing inaccurate data. Identify stocks that meet your criteria using seven unique stock screeners. In the last 40 years, the emergence of the individual retirement account (IRA), 401(k), Roth IRA, SEP IRA, and other investing tools have made saving for retirement accessible for a large part of our population.. Because retirement investing can be so difficult, MarketBeat has a new, easy-to-use tool that can help you see what The company said it intends to list its shares on the Nasdaq under the symbol VFS.. It contains the critical, time-sensitive data you need for income investments such as Common Stocks, Royalty Trusts, ETFs, CEFs, REITs, MLPs and ADRs.And gaining access to all of this only takes minutes. have been granted an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an aggregate of 712,500 additional ADSs. At PwC, we understand that good preparation is essential to a successful IPO and debt issuance. For many Americans, a retirement account is their sole source of retirement savings. BYD, backed by U.S. billionaire Warren Buffett, said it would restart the unit's listing process when the investment and production capacity expansion had been completed. The cheapest Porsche the 718 costs a cool 59,200. 5.12.2022. We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be. Because retirement investing can be so difficult, MarketBeat has a new, easy-to-use tool that can help you see what it takes to meet your goals. To see all exchange delays and terms of use please see Barchart's disclaimer. Scrapping the planned initial public offering (IPO) will not have a material adverse impact on the company's existing operations or the future development strategies of the group, the automaker added. Gauzy is believed to have filed a confidential prospectus with the U.S. SEC and selected banks to lead its offering, including Bank of America, should it go ahead. Its yet another reason you can continue to trust MarketBeat.com with information that helps you meet your largest investment goals. The MarketBeat retirement calculator helps you see where you are in relation to your goal and what adjustments you may need to make. With UAE and KSA appearing the most active. Transaction consideration, consisting of newly-issued securities of the Combined Company, will include shares of Combined Company common stock, valued at $10.00 per share, and assumption of outstanding Zoomcar securities; additional earnout shares may be distributed to Zoomcar stockholders after closing, upon achievement of certain trading price-based targets or a change of control of the Combined Company. ZoomCar GCC equity markets performance by cumulative total return since 1 January 2020, Source: Eikon (Thomson Reuter), PwC Analysis. In an IPO, a privately owned company lists its shares on a stock exchange, making them available for purchase by the general public. For the first time in nearly a decade, the UAE leads the GCC region in terms of quarterly IPO proceeds generating 93% of the regional proceeds with 3 listings. The transaction values the combined company (the Combined Company) at an implied pro forma enterprise value of approximately $456 million. Why Its Important: China, the home to many EV startups, is now facing the risk of COVID-19-related supply-chain challenges and production disruptions. Step 6: How Much Annual Retirement Income Do You Want? Retirement is a personal decision, some people will be comfortable living in their current home, and maybe taking a few small trips a year. The biggest corporate bond issuer in Q2 2022 was Industrial and Commercial Bank of China Limited, with issuances in the quarter totaling USD2.7 billion. Forward-Looking StatementsThis communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investor WebcastZoomcar and Innovative expect to hold a joint conference call to discuss the proposed business combination. This is your chance to learn how to pick the right stocks and find the market bottom in Q4. contact@marketbeat.com After onboarding, the car is ready to earn income for the host once it starts receiving bookings. Proceeds from the Trust Account, following satisfaction of redemptions by Innovative shareholders, are expected to provide proceeds to Zoomcar at closing to pursue its business strategy and for general working capital purposes. Qatar also had no IPO activity in the quarter. 4% is often considered a safe withdrawal rate during retirement. No Offer or SolicitationThis communication is for informational purposes only and is not intended to and shall not constitute a proxy statement or the solicitation of a proxy, consent or authorization with respect to any securities in respect of the Business Combination and shall not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities or a solicitation of any vote of approval, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. You can choose to put all of the accounts in this field or, you can do the exercise for only the money you have in a particular retirement account. Exchange hosted the largest corporate and sovereign sukuk listings in Q2 2022 in the GCC region. Export data to Excel for your own analysis. Information about Innovatives directors and executive officers and their ownership of Innovatives securities is set forth in filings with the SEC, including Innovatives annual report on Form 10-K filed with the SEC on March 29, 2022 and subsequent quarterly reports filed with the SEC on form 10-Q. In terms of the industry breakdown, technology dominates almost half of its weightage.With close to 20%, the consumer services sector ranks second, while health care is third at almost 10%. Upgraded but still having issues? This brings the total number of GCC IPOs in H1 2022 to 23 raising USD13.7 billion in aggregate, exceeding any other first half in the last decade. Click here now to register. If you dont really have $50,000 to start with you arent going to get the same results as the projection. Vision Systems employs 300 people and is considered a leader in shading solutions in the aeronautic, land transport, and marine industries, as well as having expertise in ADAS. That will be essential to get an accurate number. Be among the first to know the Breaking news. The IPO market will likely remain quiet until volatility moderates. ** The increase is mainly contributed by an increase of 2555% in the share price of Boursa Kuwait Securities Company (K.P.S.C.). PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. The IPO plan was first halted by the exchange in August 2021, as a firm advising on the IPO process faced a regulatory probe. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. The company said it intends to list its shares on the Nasdaq under the symbol VFS. VinFast had about 2.41 million outstanding shares as of Sept. 30. On the other hand, regional government drives and the current GCC economic activity enhanced by the increasing oil price are likely to have a positive impact on investors confidence, giving rise to increased equity activity. Youll know how much you put in every month and dont forget to include any employer matches and personal savings too. This Is Why Daktronics Fell 40% In One Day. 2017 Founded in 2013 and headquartered in Bengaluru, India, Zoomcar is the leading marketplace for car sharing across India, Southeast Asia and the MENA region, with over 25,000 cars currently available to guests using its platform. This may include working capital reporting, financial due diligence, financial positions and prospects procedures assessment, assistance with MD&A drafting in relation to a prospectus, comfort letters and project management. Participants in SolicitationThis communication is not a solicitation of a proxy from any investor or security holder. Please see www.pwc.com/structure for further details. This may seem like an odd thing to put at the end, but its a good reality check. Sign in to your free account to enjoy all that MarketBeat has to offer. The Finnish Financial Supervisory Authority has approved a supplement to the merger prospectus. MyETF Dow Jones U.S. Titans 50 is the first Shariah-compliant equity ETF traded in US Dollar. Why You Should Avoid Carvana Even if it Avoids Bankruptcy. Get up to $600 or more (plus $0 commissions) 1 Learn how For a limited time, receive a cash bonus when you open a new E*TRADE brokerage or retirement account with a qualifying deposit by December 31, 2022. Real-time analyst ratings, insider transactions, earnings data, and more. ADX chairman indicated there could be 13 new listings on ADX by year end. For the first time in nearly a decade, the UAE leads the GCC region in terms of quarterly IPO proceeds generating 93% of the regional proceeds with 3 listings. The outlook for the UAE remains positive for Q3 2022 and beyond. The region generated USD20 billion from 150 IPOs, with China and India being the main drivers contributing about 90% of total proceeds. All rights reserved. An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. No more guesswork - Rank On Demand Retal Urban Development Co was the biggest IPO on Tadawul for the quarter, raising USD384 million, followed by Saudi Home Loans which generated USD160 million. Although IPOs on Tadawul were not as active in Q2 2022 as the previous quarter, Saudi Arabia still outperformed many other countries on a global scale, ranking 5th globally and generated 2% of the global proceeds. 'result' : 'results'}}. A good rule of thumb is that things regress to a mean. This brings us to a final thought; your circumstances dont dictate your final outcome. Continuing on the trend in Q1 2022, the global capital markets are still experiencing a significant downturn amidst high inflation, slowing global growth and ongoing tension between Russia and the western economies. The documents filed or that will be filed with the SEC relating to the Business Combination (when they are available) can be obtained free of charge from the SECs website at www.sec.gov. The key to remember is that this tool is about today. ZoomCar. The fund provides investors with investment results that closely track the performance of the Dow Jones Islamic Market U.S. Titans 50 Index which comprises of the 50 largest companies (by float-adjusted market capitalization) listed on NYSE and Nasdaq. In the last 40 years, the emergence of the individual retirement account (IRA), 401(k), Roth IRA, SEP IRA, and other investing tools have made saving for retirement accessible for a large part of our population. HONG KONG :Chinese automaker BYD Co Ltd said on Tuesday it had scrapped plans to list its semiconductor unit in China, saying a move to increase investments in wafer production would significantly affect the unit's asset structure. Most experts advise that you plan on taking out no more than 4% or 5% of your savings in the first year you retire. Its called the 3-Stock Retirement Blueprint., Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. If youre not on track, it doesnt mean your retirement is shot. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. The Proposed Transaction represents an implied pro forma enterprise value of Zoomcar of approximately $456 million. After the Registration Statement is declared effective, Innovative will send the proxy statement/prospectus and other relevant documents to its shareholders. Whilst Oman did not host any IPO in Q2 2022, it is expected to show increased IPO activity in the near future. Mohan Ananda, Chairman &CEOmohan@innovativeacquisitioncorp.com. first batch of VF8 was shipped to the U.S. Vietnamese Tesla Challenger VinFast Begins Domestic Deliveries Of SUV; US Sales Will Reportedly Start In December. The Q3 2022 pipeline appears strong with 5 companies already in advanced stages of the IPO process. After the closing, Zoomcar stockholders are expected to retain a majority of the outstanding shares of the Combined Company and Zoomcar will designate a majority of proposed directors for the Combined Company board. The New York Stock Exchange (NYSE), London Stock Exchange, and Nasdaq are secondary markets. Our IPO and debt Readiness Assessment is an early stage diagnostic review of the critical areas needed for a successful issuance. See what's happening in the market right now with MarketBeat's real-time news feed. Read more . You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance as projected financial information and other information are based on estimates and assumptions that are inherently subject to various significant risks, uncertainties and other factors, many of which are beyond our control. As the general global market condition continues to deteriorate amidst persistently high inflation, the GCC region is relatively well shielded from these conditions. Additional information about the Proposed Transaction will be described in the Registration Statement, which Innovative will file with the SEC. Lincoln International is acting as financial advisor to the special committee of the board of directors of Innovative (the Special Committee). Some of the major themes apparent in equity transactions globally in the recent quarters include a strong balance sheet, efficient capital structure and environmental, social and governance (ESG) premium. This service is not intended for persons residing in the E.U. Founded in 2013, Zoomcar has pioneered car sharing across emerging markets. The UAEs IPO activity accounted for 72% of EMEA total proceeds. The main European exchanges and the UK saw limited IPO activity. Additional information about the Proposed Transaction, including a copy of the Merger Agreement, will be provided in a Current Report on Form8-Kto be filed by Innovative with the SEC and available at www.sec.gov. GCC IPO performance in Q2 2022 outperformed that of Q2 2021 by both volume and proceeds. Get the latest news and analysis in the stock market today, including national and world stock market news, business news, financial news and more The IPO is planned for the first quarter of 2023, should market conditions allow it. If you have more years until retirement, then you may want to look at what the funds performance has been over the last 10 or 20 years (if available). There would be some attempts to tap into the H2 2022 IPO market, although the broader pipeline will likely be pushed out into 2023. UAEs IPO activity made an impact in the global capital markets with the country ranking 2nd globally by IPO proceeds, moving up 6 places from Q1 2021. October 13, 2022 08:00 ET Debt markets in Q2 2022 saw activity from UAE, KSA, Qatar and Bahrain. To the extent that holdings of Innovatives securities have changed since the amounts included in Innovatives most recent annual report, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Capital markets are markets for buying and selling equity and debt instruments. Time is one of the most important elements of a retirement plan. This is the largest listing on ADX since 2017. These forward-looking statements and factors that may cause actual results and the timing of events to differ materially from the anticipated results include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement or could otherwise cause the transactions contemplated therein to fail to close; (2) the outcome of any legal proceedings that may be instituted against Innovative, Zoomcar, the Combined Company or others following the announcement of the Business Combination and any definitive agreements with respect thereto; (3) the inability to complete the Business Combination due to the failure to obtain approval of the shareholders of Innovative or stockholders of Zoomcar; (4) the inability of Zoomcar to satisfy other conditions to closing; (5) changes to the proposed structure of the Business Combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the Business Combination; (6) the ability to meet stock exchange listing standards in connection with and following the consummation of the Business Combination; (7) the risk that the Business Combination disrupts current plans and operations of Zoomcar as a result of the announcement and consummation of the Business Combination; (8) the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of the Combined Company to grow and manage growth profitably, maintain its reputation, grow its customer base, maintain relationships with customers and suppliers and retain its management and key employees; (9) the impact of the COVID-19 pandemic on the business of Zoomcar and the Combined Company (including the effects of the ongoing global supply chain shortage); (10) Zoomcars limited operating history and history of net losses; (11) Zoomcars customer concentration and reliance on a limited number of key technology providers and payment processors facilitating payments to and by Zoomcars customers; (12) costs related to the Business Combination; (13) unfavorable interpretations of laws or regulations or changes in applicable laws or regulations; (14) the possibility that Zoomcar or the Combined Company may be adversely affected by other economic, business, regulatory, and/or competitive factors; (15) Zoomcars estimates of expenses and profitability; (16) the evolution of the markets in which Zoomcar competes; (17) political instability associated with operating in current and future emerging markets Zoomcar has entered or may later enter; (18) risks associated with Zoomcar maintaining inadequate insurance to cover risks associated with business operations now or in the future; (19) the ability of Zoomcar to implement its strategic initiatives and continue to innovate its existing products; (20) the ability of Zoomcar to adhere to legal requirements with respect to the protection of personal data and privacy laws; (21) cybersecurity risks, data loss and other breaches of Zoomcars network security and the disclosure of personal information or the infringement upon Zoomcars intellectual property by unauthorized third parties; (22) risks associated with the performance or reliability of infrastructure upon which Zoomcar relies, including, but not limited to, internet and cellular phone services; 23 the risk of regulatory lawsuits or proceedings relating to Zoomcars products or services; (24) increased compliance risks associated with operating in multiple foreign jurisdictions at once, including regulatory and accounting compliance issues; (25) Zoomcars exposure to operations in emerging markets where improper business practices may be prevalent; (25) Zoomcars ability to obtain additional capital when necessary; The foregoing list of factors is not exhaustive. The Zoomcar community connects vehicle owners with guests, who choose from a selection of cars for use at affordable prices, promoting sustainable, smart transportation solutions in growing markets. Hopefully, you still have time to make corrections. Forward-looking statements speak only as of the date they are made, and Innovative and Zoomcar disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of developments occurring after the date of this communication. Gauzy's move comes on the back of raising a $60 million Series D in February of this year that was used mainly to acquire France-based Vision Systems, which develops ADAS (Advanced Driver Assistance System) and shading solutions. In other words, past performance does not predict future results. American Consumer News, LLC dba MarketBeat 2010-2022. To continue, upgrade to a supported browser or, for the finest experience, download the mobile app. Benzinga does not provide investment advice. The debt market also saw an increase in activity in Q2 2022 compared to Q1 2021. Financial Group, LLC, is acting as exclusive financial advisor and exclusive capital markets advisor to Zoomcar; Ellenoff Grossman & Schole LLP is acting as US legal advisor to Zoomcar. Suzhou Novosense Microelectronics Co Ltd listed on Shanghais Sci-Tech Innovation Board (STAR market) generating USD0.9 billion. Innovative conducted a successful IPO in October of 2021, in which it raised $235 million. According to the IPO prospectus, the chip unit aimed to raise 2 billion yuan ($281 million) to fund projects and replenish capital on the Nasdaq-like ChiNext Board of the Shenzhen Stock Exchange. Whilst the volume of IPOs in Q2 2022 is 47% less than Q1 2022 at 8 across the GCC (Q1 2022: 15; Q2 2021: 1), they generated USD8.8 billion in proceeds, which is 78% more than the previous quarter (Q1 2022: USD4.9 billion; Q2 2021 USD66 million). After launching its first electric scooter model, Klara, in November 2018, the company officially launched its automobile manufacturing plant in June 2019 and began producing ICE vehicles. But one man has a different approach The Company & Financials: VinFast was set up in June 2017 in Hanoi, Vietnam, and later in 2018, it relocated to Hai Phong, Vietnam. Senior Manager, Capital Markets, PwC Middle East, Consulting COO and Management Consulting co-Lead Partner, PwC Middle East. Our assessment can be tailored to include these aspects as well as some broader areas such as business continuity and contingency planning. Shortly after shipping electric vehicles to the U.S., Vietnamese EV maker VinFast Auto Ltd. filed for its initial public offering in the U.S. What Happened: VinFast, on Tuesday, filed a red herring prospectus with the SEC on Form F-1, which is meant for foreign issuers of equity, without stating the price or the issue size. Innovative s investment thesis was to find a company which had a history of positive growth, a clear path to profitability, a strong defensible market position coupled with a culture of inclusion, diversity, and environmental responsibility. Can we talk? These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. The Q2 2022 IPO activity represents significant new lows for the global market, even lower than that experienced in COVID-19 Q2 2020. In addition, Innovative intends to file a registration statement on Form S-4 with the SEC, which will include a proxy statement/prospectus of Innovative, and will file other documents regarding the Proposed Transaction with the SEC. As a result, global IPO market sentiment remained frail in Q2 with volumes significantly lower than both Q1 2022 and Q2 2021. Remember, this is a tool that lets you see how increasing or decreasing your retirement savings will affect your retirement. 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. (844) 978-6257. Zoomcar currently operates across more than 50 cities globally and plans to continue building smart, convenient and sustainable transport solutions for emerging market consumers. This exit represents OIA contribution towards realizing Omans Vision 2040 to achieve economic diversification, decrease oil dependence and empower the private sector. Proceeds to Zoomcar from the Proposed Transaction are expected to consist of funds retained by Innovative, after shareholder redemptions, and transaction financing. The post-COVID 19 pandemic recovery also provides significant opportunity for short-term vehicle usage. You should carefully consider the foregoing factors and the other risks and uncertainties described in the Risk Factors section of the Registration Statement referenced above and other documents filed by Innovative from time to time with the SEC. McDermott Will & Emery LLP is acting as US legal advisor to Innovative. And dont forget that medical expenses are likely to go up during this time as well. The entry model of the 911 sports car costs 113,500 in Germany, according to the IPO prospectus. The increase in energy prices, together with regional government initiatives and increase in foreign direct investments, has protected the region from the global economic hardship and contributed to the growth in capital market activity in the region. Gauzy has developed LCG (light control glass) smart glass technologies with PDLC (polymer dispersed liquid crystal) and SPD (suspended particle device) that allow internal and external vehicle glass to be an active material that supports full shading and glare mitigation, temperature control, infotainment, advertising, and vehicle-to-vehicle and vehicle-to-pedestrian messaging. "BYD Semiconductor intends to seize the time window to make large-scale investment in wafer production capacity," BYD said in a filing to the Shenzhen stock exchange, adding current wafer supplies were far from enough to meet demand amid rapid growth in electric vehicle manufacturing. A number of bonds that have been listed on the London Stock Exchange, such as those issued by Sweihan Power and Abu Dhabi National Energy Company, also started their secondary listings on ADX. Its VF8 is a mid-size SUV and could be pitched against Tesla Inc.s TSLA Model Y SUV. Greg Moran, Founder & CEO of ZoomcarZoomcars car sharing marketplace is positioned to cut across emerging markets, and we expect to target future expansion opportunities in markets which include SE Asia, Latin America, MENA, and Sub-Saharan Africa, Moran said. UAE listed USD400 million worth of treasury bonds on its Nasdaq exchange. It opted to halt ICE vehicle production in November 2022 in a bid to transform into an EV-only company. If you are a more conservative investor focused on dividends, you should choose a rate of return closer to 6%. Uri Levine, the co-founder of mobility unicorns Waze and Moovit, currently serves as Chairman of Zoomcars Board of Directors. The proposed IPO is being managed by investment banks, including Citigroup, Morgan Stanley, Credit Suisse and JPMorgan. Zoomcars first mover advantage across markets provides a strong brand awareness that forms the backbone of its product driven, organic growth strategy for future business buildout. Can Pfizer, Johnson & Johnson Continue Outperforming the Index? Abu Dhabis Borouge listed on ADX generating USD2 billion in proceeds. The Question of a Fed Pivot Isn't If, It's When, Here's Why, The 10 Best Lithium Stocks to Buy for a Post Gasoline World, 7 Battery Stocks That Will Make You a Millionaire by 2030, The 7 Best Electric Vehicle Stocks That Aren't Tesla, 15 Stocks Institutional Investors Are Selling Now, 7 Cheap Large-Cap Stocks to Buy Before They Go Back Up, 7 Stocks to Buy During a Housing Downturn, 7 Most Overhyped Penny Stocks to Sell Now. Zoomcar presently has over 3 million active users and over 25,000 vehicles registered for use on its global car sharing marketplace, a milestone achieved within just 12 months of launching its car sharing platform. With private car usage rates of 1-2 hours per day across its core markets, Zoomcar benefits from exceptionally favorable market dynamics, as it sources vehicle owners to become hosts on its car sharing marketplace. A trend reversal is not anticipated in the near future. Copyright Mediacorp 2022. Companies interested in equity funding in the longer term should start preparing now. If youre a more aggressive investor, you may go higher if the history of your investments warrants it. As your income and lifestyle needs change, youll need to revisit the tool to see if you are still on track. Hosts have flexibility to share their car whenever its convenient and hosts are credited with earnings upon the completion of a booking. Step 1: How Old Are You And When Will You Retire? Adjust the slider to select and view a date range of up to 12 quarters, Pathfinder - doing business in the Middle East, The GCC post-pandemic: Massive and fast transformation, Building tomorrows workforce: Six no-regrets plays to make today, Transitioning to the new normal: webcast series, {{filterContent.filtersDisplayNames[filterContent.menuOrder[key]]}}, Responding to the potential business impacts of COVID-19, PwC's Watani Graduate Programme for UAE Nationals, {{filterContent.dataService.numberHits}} {{filterContent.dataService.numberHits == 1 ? Zoomcar expects to use proceeds from the proposed transaction (the Proposed Transaction) with Innovative to accelerate technology development and new market entry while also continuing to invest in growth across existing markets. Ensuring all the regulatory requirements are met is a given in all IPOs. OpenAIs new chat bot opens a Pandoras box. All quotes are in local exchange time. document.write('');Do you want to trust your trades with the headlines, or with artificial intelligence? All rights reserved. Retirement is a personal decision, and how you spend your retirement years is a very personal decision, but you can only make good decisions with accurate information. The Proposed Transaction values Zoomcar at an implied pro forma enterprise value of approximately $456 million. Because of the regulatory requirements, which vary depending on your chosen market, it typically takes 6-12 months for a private company to get ready for an IPO a process which involves looking at how your business has performed over the last 3 years, its outlook and its corporate governance. View which stocks are hot on social media with MarketBeat's trending stocks report. 326 E 8th St #105, Sioux Falls, SD 57103 Password requirements: 6 to 30 characters long; ASCII characters only (characters found on a standard US keyboard); must contain at least 4 different symbols; How much do you need to retire? Likewise, the longer you can delay retirement, the better because it gives you more years to compound your returns. Endomines Finland Plc has today obtained approval from Nasdaq Helsinki for admission to trading on Nasdaq Helsinki. This is where the retirement calculator can become a choose your own adventure activity. With its asset-light marketplace-focused business model, the Zoomcar platform connects host vehicle owners with guests who choose from a selection of otherwise idle cars to use for personal, business and travel needs. Once again, honesty is the best policy. New Delhi: Yatra Online Inc said its Indian subsidiary Yatra Online Ltd has received capital markets regulator Sebi's clearance to float an initial public offering (IPO).The proposed IPO comprises a fresh issue of equity shares worth up to Rs 750 crore by Yatra India and an offer for sale (OFS) of up to 9,328,358 equity shares, according to the draft red herring prospectus This content is for members only. The EMEA markets saw a 59% decrease from USD28.8 billion in Q1 2022 to USD12 billion in Q2 2022, which was largely propped up by the significant level of activity in the middle east region. This is particularly true if you have a spouse. There were no IPOs in Kuwait in Q2 2022. INVESTORS AND SECURITY HOLDERS AND OTHER INTERESTED PARTIES ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT HAVE BEEN FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT ZOOMCAR, INNOVATIVE, THE PROPOSED BUSINESS COMBINATION AND RELATED MATTERS. The first batch of VF8 was shipped to the U.S. in November and deliveries are expected to commence in the U.S. in December and in Europe in early 2023. Hong Kong was also active in the Asia-Pacific, though to a lesser degree, with 9 IPOs raising USD0.6bn in total. This is also known as return on investment (ROI) and it can be subjective but there are ways of being as accurate as possible. Founded in 2013, Zoomcar has pioneered car sharing across emerging markets. If you have an ad-blocker enabled you may be blocked from proceeding. The Government of Bahrain issued a bond valued at USD395 million. Saving for retirement is the biggest objective of investors. Hosting on Zoomcar is easy and hosts cars listed on the platform are fitted with a customized safety monitoring hardware device, offering 100% keyless entry as part of Zoomcars proprietary IoT technology stack. Whatever your plans are, you know youll have some predictable expenses. Please. Executives need to ensure the company has a solid track record and a future-proof strategy that will resonate with its target investors. DIY Seo Software From Locustware Is Exactly What You Need! The momentum is expected to continue into Q3 2022 with a number of high profile companies in the pipeline. Read Next:Vietnamese Tesla Challenger VinFast Begins Domestic Deliveries Of SUV; US Sales Will Reportedly Start In December. TECOM already completed its IPO in July 2022 and that of RTA announced and underway. Upon consummation of the merger, the publicly listed Combined Company is expected to be renamed Zoomcar Holdings, Inc.. The Government of Qatar listed treasury bills with a value of USD302 million. Well reveal the Top 3 End of the Year Trading Secrets (Live). Zoomcars primary focus lies in emerging market transportation, which, based on ownership rates across Zoomcars core markets averaging less than 10%, translates into an estimated $90 billion addressable market across emerging market geographies by 2025. Others may have much more elaborate, and expensive, retirement plans. The firm was rated #1 in the categories "Platforms & Tools" (11 years in a row), "Desktop Trading Platform: thinkorswim" (10 years in a row), "Active Trading" (2 years in a row), "Options Trading," "Customer Service," and "Phone Support." Zoomcar aims to fundamentally transform the urban mobility landscape across emerging markets through the introduction of a highly scalable marketplace focused car sharing platform, said Zoomcar Co-Founder and CEO Greg Moran. This initiative is intended to help boost the market value of the exchange to AED3 trillion. The light blue area shows a possible net worth range based on your savings and a growth rate range of 4% to 12% before retirement and 2% to 6% during retirement. The Kingdom of Saudi Arabia generated USD585 million from 5 IPOs, generating 7% of Q2 2022 GCC proceeds. Atour Lifestyle prices $52.3M IPO of ADSs. Zoomcars track record and success to date sets Zoomcar apart from competitors and positions it for accelerated growth at a time when vehicle usage demand is growing and car ownership remains very low.. In the post COVID-19 era, equity stories will need to be stronger than ever. Existing investors who participated in Gauzys latest funding round included IBEX, along with Olive Tree VC, Blue Red Partners, Waarde Capital, and Avery Dennison. ADX also hosted the UAEs first SPAC listing of ADC Acquisition Corporation PJSC generating USD100 million. Keep in mind that you will be receiving Social Security income that will be separate from what you will be relying on from your retirement savings. With almost $50 million in revenues during 2021, Gauzy expected to continue to grow significantly in 2022 by working with leading brands in a variety of industries, including the highly publicized nomination of Gauzy by LG Display to be integrated into its Transparent OLED stack, as recently displayed at IAA 2021 and CES 2022. The Trust Account established by Innovative at the time of its initial public offering currently contains approximately $235 million. After a challenging 2022, what will 2023 hold for the technology industry? Israeli nanotech startup Gauzy, which develops smart glass technologies, is preparing to go public on Nasdaq at a valuation of $600 million, Calcalist has learned. At its core, Zoomcars primary advantage stems from its continuing focus, from inception, on investing across core technologies such as IoT and machine learning to create a seamless, frictionless user experience for guests and hosts. Q2 2022 is the best-performing quarter by proceeds since the listing of Saudi Aramco in Q4 2019, surpassing new highs set in Q1 2022. For the nine months that ended Sept. 30, the company reported revenue of $439.4 million, including $367.3 million from vehicle sales. GCC IPO market had been very active in Q2 2022, even when compared to a strong Q1 2022. Mediacorp Pte Ltd. All rights reserved. The IPO is planned for the first quarter of 2023, should market conditions allow it. Please disable your ad-blocker and refresh. The remaining 5 IPOs in the quarter were listed on Saudi Arabias Tadawul. Companies potentially in need of debt capital might be better off completing such transactions sooner. The company currently has two EV SUV models namely VF8 and VF9 focused on the global market. As interest rates are on the rise and as such the cost of debt is also increasing, companies need to examine their approach to financing. As of Sept. 30, the two vehicles combined together had reservations of 58,000 units. They should also consider how their credit ratings might have changed because of the impact of COVID-19 on their businesses which could potentially increase costs related to debt financing. There were 232 IPOs in Q2 2022 generating proceeds of USD36.6 billion (Q1 2022: 286 IPOs raised USD56.1 billion; Q2 2021: 631 IPOs raised USD133.1 billion), circa 60% less IPOs and 73% less proceeds than Q1 2022. 5.12.2022. AdvisorsCohen & Company Capital Markets, a division of J.V.B. The underwriters. This is where you have to be realistic about your goals and expectations. The company quantifies its total addressable market at $1.3 trillion by 2027, which could translate to shipments of 35 million units. 2022 Benzinga.com. We work with issuers and their advisors to provide IPO and debt advisory and assurance services. With operations across India, Indonesia, Vietnam, and Egypt, Zoomcar is transforming the urban mobility landscape with the introduction of affordable, sustainable and convenient transportation solutions. Essentially this is asking you how much money (as a percentage) you want to withdraw every year throughout retirement so you dont run out of money. The latest information on initial public offerings (IPOs), including latest IPOs, expected IPOs, recent filings, and IPO performance from Nasdaq. Is It Time To Throw In The Towel On Gamestop? When available, these documents can be obtained free of charge from the sources indicated above. The Americas carried on the downward movement from Q1 2022 and has moved down to third place in terms of global proceeds. Barack Ferrazzano advised Marine Bank on the deal. Thats why weve created the tracker. If your retirement account is in a fund, you can look at the funds prospectus to see what the current expected rate of return is. At USD6.1 billion proceeds and 37 times oversubscribed, this is the UAEs largest listing on record and was the largest IPO in Q2 2022 globally, signifying a reactivation of the UAE IPO market. Additionally, young populations and rapidly growing, dense cities make Zoomcars car sharing marketplace ecosystem stronger and help to strengthen continuous adoption. Additional Information and Where to Find ItIn connection with the proposed business combination (the Business Combination) involving Innovative and Zoomcar, Innovative intends to file with the SEC a Registration Statement on Form S-4 (as amended, the Registration Statement), which will include a proxy statement/prospectus. * The IPOs of Al Moammar Information System Company, Sprinkle Holding BSC and Oman reinsurance have been excluded due to insufficient data. 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