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<ul class="summary-list"><li>Allbirds was one of the last startups to go public in 2021's IPO biltz.</li><li>Since then, investors have raised the bar for money-losing companies seeking to list.</li></ul>Blink and you might have missed it, but the window for privately held companies to <a target="_blank" href="https://www.businessinsider.com/instacart-klaviyo-profitable-lead-tech-ipo-revival-2023-8">go public briefly reopened this year</a> after a nearly two-year hiatus. In September, Instacart, Arm, and Klaviyo went out in quick succession, and other candidates like <a target="_blank" href="https://www.businessinsider.com/what-is-shein-billion-dollar-fast-fashion-company-explained-2023-7#shein-has-filed-to-go-public-aiming-for-a-90-billion-valuation-16">Chinese fast-fashion giant Shein</a>, Skims, and Reddit have readied their papers in order to follow suit.The companies that floated initial public offerings this year had something in common: They're actually profitable.Going public before turning profitable is a thing of the past, according to Allbirds cofounder and chief innovation officer Tim Brown. "You need to be a great company, you need to be profitable," he told Business Insider.But that wasn't the case when <a target="_blank" href="https://www.businessinsider.com/what-happened-to-allbirds-rise-fall-2023-4">Allbirds</a> listed.<div type="image" title="Allbirds" height="900" width="1200" msid="105626953" hostid="261" sizebytes="67480"></div><h2>No profits, no problem</h2>Allbirds was once the <a target="_blank" href="https://www.insider.com/venture-capitalists-love-allbirds-2016-8">It shoe of Silicon Valley</a>, adorning the feet of engineers, venture capitalists, and heads of government. Time Magazine dubbed its hero product — the merino wool sneakers — "the world's most comfortable shoes." The company raised heaps of capital from investors including Maveron, <a target="_blank" href="https://www.businessinsider.com/tiger-global-hedge-fund-cut-back-fundraising-2023-7">Tiger Global</a>, and Lerer Hippeau. It filed confidentially to <a target="_blank" href="https://www.businessinsider.com/allbirds-ipo-filing-s1-analysis-2021-8">go public in the summer of 2021</a>.Through the pandemic, a dizzying number of startups took advantage of the ripe conditions for <a target="_blank" href="https://www.businessinsider.com/2021-shaping-up-be-record-year-for-ipos-here-are-the-biggest">going public</a>: high valuations, low interest rates, and roaring investor demand for new stocks. There were <a target="_blank" href="https://www.pwc.com/gx/en/audit-services/ipo-centre/assets/pwc-global-ipo-watch-2021.pdf">1,115 IPOs in the Americas in 2021</a>, according to PwC — by far the most for any year in this century.Few of these companies were actually making money. In a low-rate environment, investors have a higher tolerance for companies burning lots of cash in order to grow quickly. Firms like <a target="_blank" href="https://www.businessinsider.com/caspers-losses-valuation-and-tech-pretentions-could-hurt-its-ipo-2020-1">Casper</a>, Rent the Runway, and Peloton showed mounting losses in their S-1 filings.Allbirds was part of this generation of money-losing companies to go public. Its prospectus to would-be investors highlighted continuing losses even as revenue increased. The direct-to-consumer brand's net loss grew from $14.5 million in 2019 to $25.9 million in 2020. For the first six months of 2021, the company's losses totaled $21.1 million.<div type="image" title="Allbirds on Thursday announced a disappointing earnings report." height="4160" width="5547" msid="105626954" hostid="261" sizebytes="509394"></div>On its opening day of trading, shares of Allbirds surged 90%, closing at $28.64 apiece, but the jubilee and Champagne didn't last. In a matter of months, companies that sell directly to consumers started to fall out of favor with investors, who were paying closer attention to profits. Allbirds' shares tumbled. Its stock has lost 96% of its value since its public market debut and is recently trading at under $1.Like other retail brands, Allbirds is also battling rising <a target="_blank" href="https://www.businessinsider.com/freight-recession-economy-pandemic-trucking-transportation-consumer-demand-2023-9">freight costs</a> and <a target="_blank" href="https://www.businessinsider.com/jpmorgan-jamie-dimon-russia-ukraine-geopolitics-economy-rates-energy-prices-2023-9">impacts from the war in Ukraine</a>. The company had tried to do <a target="_blank" href="https://www.businessinsider.com/allbirds-weird-moonshot-carbon-neutral-sock-shoe-2023-6">more and more items</a>, from wool leggings to puffer jackets, Brown said. In doing so, it neglected the original customers who fell for its walk-on-air sneakers. Customers moved on to newer, hotter kicks.<div type="image" title="Allbirds M0.0nshot carbon neutral shoes" height="1875" width="2500" msid="105626958" hostid="261" sizebytes="381280"></div>Speaking to Insider about <a target="_blank" href="https://www.businessinsider.com/what-happened-to-allbirds-rise-fall-2023-4">the company's ongoing plan to streamline its business</a>, Brown said Allbirds focused on growth "through seven really wild years.""The path to profitability was something that we always knew was super important and then we hit some challenges," Brown said. "And the public markets have judged us poorly and not just us, a lot of that IPO class."And judge it has. Crunchbase News' Joanna Glasner reported in October that a selected group of the largest startup offerings of 2021, which includes Coinbase, Didi, Rivian, and Roblox, <a target="_blank" href="https://news.crunchbase.com/public/biggest-ipos-2021-current-value-didi-rivn/">have shed 60% of their value</a>.Last week, Allbirds reported another quarter of <a target="_blank" href="https://ir.allbirds.com/news-releases/news-release-details/allbirds-reports-third-quarter-2023-financial-results">bruising earnings</a>. Sales dropped by 21% year-over-year in the third quarter as the company discounts items and discontinues others. Shares have lifted slightly, however, after Allbirds began selling its shoes on Amazon earlier this month.Brown said if he could do it all again, he might have done a few things differently. The company recently relaunched a 2.0 version of the wool sneaker that made it famous."People love a comeback and I think they love what we stand for," said Brown, who stepped down as co-chief executive officer of Allbirds in May. "And now we just have to go execute really well."

The cofounder of Allbirds has some advice for startups looking to IPO: make money ahead of going public

<ul><li>This would be the third listed airline in India after Interglobe Aviation (which operates IndiGo Airlines) and <keyword id="6358032" type="COMPANY" weightage="20" keywordseo="SpiceJet">SpiceJet</keyword>.</li><li>More than a tenth of Go Air's ₹2,000-crore debt are unpaid dues to Indian Oil Corporation for jet fuel.</li><li>The second wave of the COVID-19 pandemic has scuttled an early recovery in aviation and a rise in fuel cost, along with a weaker rupee and tepid passenger traffic, may further erode the airline's prospects in the next few months.</li><li>Read on for some interesting revelations from the company's IPO prospectus.</li></ul>Budget carrier Go Airlines, which has rebranded itself as 'Go First', has filed the prospectus for an initial public offering (IPO) worth ₹3,600 crore. The 15-year old airline owned by the Wadia Group, which also owns companies like Britannia and Bombay Dyeing, will use the money received from the share sale to repay its debt. This would be the third listed airline in India after Interglobe Aviation (which operates IndiGo) and SpiceJet (owned by former bureaucrat-turned-businessman Ajay Singh) if the IPO goes through. Go Air had raked in a loss of ₹1,270 crore for the year ended March 2020 on a revenue of over ₹7,250 crore. <div type="image" title="go air earnings" msid="82627649" hostid="261" caption="&amp;lt;p&amp;gt;Graphics by Business Insider India&amp;lt;/p&amp;gt;"></div> It is now focusing on ultra low cost carrier model. Of a fleet of 55 that the Wadias' airline had at the end of March 2021, 46 of them were A320 NEO aircraft. The company intends to add another 16 planes to its fleet by March 2024. Aside from a massive debt of over ₹2,000 crore, Go First has been dealing declining market share too. More than a tenth of that is the money owed to the state-owned Indian Oil Corporation for jet fuel already bought. Just about six months ago, in November 2020, the company's auditors had expressed doubts about the then Go Air's ability to continue its business, the disclosures in the IPO prospectus showed. After that, the company got an emergency credit line from banks in February 2021. These are a few other interesting revelations from the prospectus: <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Amount </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Paid by Go Air (now called Go First) </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹15,81,000 a month </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Rent paid to Bombay Dyeing for using the premises on the first floor of Wadia International Centre in Worli from July 2016 to July 2021 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹8,88,000 a month </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Rent paid to Bombay Dyeing for the space on the third floor for Wadia International Centre. The lease started in Dec 2019 and will go on till Nov 2024 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Undisclosed amount </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Go Airlines' registered office is owned by Britannia (which is also owned by Nusli Wadia and Ness Wadia) </td></tr></tbody></table>Source: Draft Red Herring Prospectus filed with the Securities and Exchange Board of India In 2019, when it was reportedly planning an IPO, it was flying at least one in every ten air passengers in India. That share was down to 7.8% at the end of March 2020. A crisis like this makes the more resilient players stronger and that's possibly why IndiGo has increased its market share to at least one in every two passengers who took flights in each of the last three months. <div type="image" title="airline market share." msid="82626874" hostid="261" caption="&amp;lt;p&amp;gt;Graphics by Business Insider India&amp;lt;/p&amp;gt;"></div> The second wave of COVID-19 pandemic has scuttled an early recovery even for Go First's bigger peers. Passenger traffic was still less than half (45%) of what it was before the pandemic struck and about one in every flights were idling in April 2021, according to a report from the broking firm Centrum dated May 5. International crude oil prices are expected to rise and that would mean the cost of jet fuel will also rise, unlike the passenger traffic. And, the impact could get worse if the rupee loses value against the dollar. "Looking at the current climate of subdued demand, a depreciating rupee (impacting 65-70% of costs including fuel), rising ATF (aviation turbine fuel) prices and daily cash burn, we continue to have a negative stance on the aviation industry," a BOBCAPS report dated April 30 said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/markets/news/heres-why-the-spike-in-inflation-in-the-us-may-worry-markets-in-india/articleshow/82597218.cms">Here's why the spike in inflation in the US may worry markets in India ⁠— but experts say don’t panic yet</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/apps/news/whatsapp-responds-to-privacy-criticism-by-alleging-other-apps-like-zomato-ola-aarogya-setu-zoom-google-and-other-apps/articleshow/82570897.cms">WhatsApp responds to privacy criticism by alleging that other apps and tech companies also show disdain for user privacy</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/elon-musk-realised-that-he-cant-champion-both-renewable-energy-and-bitcoin-at-the-same-time/articleshow/82603087.cms">Elon Musk realised that he can’t champion both renewable energy and Bitcoin at the same time — here’s why</a>

Go Air has filed for a ₹3,600 crore IPO at a very desperate time

<ul class="summary-list"></ul>Halfway to the weekend! Here's a video of Mark Zuckerberg <a style="text-decoration: underline;" href="https://www.businessinsider.com/mark-zuckerberg-spars-mma-fighters-floating-barge-video-2023-9">sparring with MMA fighters</a> on a floating barge, proving that reality is always better than fiction. Speaking of fighting, the IPO market has been KO'd since 2022. But that could change with one company's <a style="text-decoration: underline;" href="https://markets.businessinsider.com/news/stocks/arm-ipo-softbank-apple-nvidia-google-stock-market-debut-chips-2023-9">upcoming public debut</a>. More in today's big story. What's on deck: <ul><li>Markets: Bad news for <a style="text-decoration: underline;" href="https://markets.businessinsider.com/news/commodities/oil-prices-russia-saudi-arabia-production-cuts-opec-supply-demand-2023-9">your gas tank</a>.</li><li>Tech: Getting <a style="text-decoration: underline;" href="https://www.businessinsider.com/apple-iphone-15-will-require-usb-c-charger-lightning-2023-9">Apple's new iPhone</a> means new chargers.</li><li>Business: What's fueling the <a style="text-decoration: underline;" href="https://www.businessinsider.com/loneliness-epidemic-decline-in-third-places-friends-parks-community-2023-9">loneliness epidemic</a>.</li></ul>But first, an initial important public offering.If this was forwarded to you, <a href="https://www.businessinsider.com/subscription/newsletter/insider-today">sign up here.</a><a href="https://www.businessinsider.com/subscription/newsletter/insider-today"></a><a href="https://markets.businessinsider.com/news/stocks/arm-ipo-softbank-apple-nvidia-google-stock-market-debut-chips-2023-9" target="_blank" rel="noopener"></a><div type="image" title="arm ipo semiconductor chipmaker" height="768" width="1024" msid="103438907" hostid="261" sizebytes="33312"></div>The big storyA company's upcoming IPO will likely be the biggest US stock debut of the year and a bellwether for the fate of the wider market.But no pressure, Arm!The Softbank Group-owned chip designer filed paperwork Tuesday <a style="text-decoration: underline;" href="https://markets.businessinsider.com/news/stocks/arm-ipo-softbank-apple-nvidia-google-stock-market-debut-chips-2023-9">with plans to go public</a>, writes Insider's Phil Rosen. To put it simply, it's a big one.The British company, which designs chips used in most smartphones, is looking to raise up to $4.87 billion with a valuation as high as $52 billion. Even if it slightly misses those numbers, it'll still be the largest public debut in the US since <a style="text-decoration: underline;" href="https://markets.businessinsider.com/news/stocks/rivian-stock-price-ipo-debut-valuation-100-billion-ford-gm-2021-11">Rivian's IPO</a> in late 2021.But this isn't your run-of-the-mill large IPO. The market for companies going public has been all but dead since 2022. The lack of public offerings since March of last year is the worst IPO drought since 2009, according to Bloomberg data.However, the crux of the issue with IPOs dates back well before 2022. As is often the case, things took a turn at the onset of the pandemic. When the market collapsed in March 2020, plans to go public were put on hold. The stock market recovered in record time, but then something else held up IPOs: VC money. Rich with cash, venture investors were happy to keep pouring money into startups. The public markets suddenly didn't seem appealing when a startup could wait six months for its valuation to double from another round of funding. That formula suited startups well until 2022, when cracks started to show in the market. Cash wasn't cheap anymore — thanks a lot, Fed! — which meant no more eye-popping funding rounds. Meanwhile, IPOs weren't an option since public investors wouldn't support the puffed-up valuations startups were clinging to.Which brings us to Arm's IPO. A successful public debut, especially such a large one, would open up the floodgates for other companies on the fence about an IPO. Cleaning out the backlog of companies waiting to go public over the past three-plus years would also have some significant knock-on effects. More IPOs mean VCs get to cash out those early-stage investments. That means more cash for future investments, something the startup community desperately needs, save for those in AI. Of course, there are no guarantees. Should Arm's IPO fall flat, it could spell disaster. Arm has indicated interest in its IPO from the likes of Google, Apple, and Nvidia.But if a company in a buzzy sector with big-name backers can't crack the IPO drought, who can?<a href="https://markets.businessinsider.com/news/stocks/arm-ipo-softbank-apple-nvidia-google-stock-market-debut-chips-2023-9">Read the full story here.</a>3 things in markets Before the opening bell: US stock futures fall <a style="text-decoration: underline;" href="https://markets.businessinsider.com/premarket" target="_blank" rel="noopener">early Wednesday</a> as investors await the release of more economic data <a href="https://markets.businessinsider.com/news/commodities/oil-prices-russia-saudi-arabia-production-cuts-opec-supply-demand-2023-9" target="_blank" rel="noopener"></a><div type="image" title="oil rig" height="540" width="810" msid="103438909" hostid="261" sizebytes="64786"></div>1. Oil prices just surged thanks to Russia and Saudi Arabia extending production cuts. Brent crude surpassed $90 a barrel for the first time since November. The production cut, which will last until December, <a style="text-decoration: underline;" href="https://markets.businessinsider.com/news/commodities/oil-prices-russia-saudi-arabia-production-cuts-opec-supply-demand-2023-9">surprised industry experts</a>.2. Private equity is finally opening up to the public cloud. From improving dealmaking capabilities to boosting their portfolio companies, <a style="text-decoration: underline;" href="https://www.businessinsider.com/private-equity-apollo-eqt-approach-public-cloud-generative-ai-2023-9" target="_blank" rel="noopener">here's how companies like Apollo and EQT</a> are using the public cloud. 3. China can't catch a break. More bad news for the country that is struggling to revive its economy and is battling a property crisis. Bloomberg Economics predicts <a style="text-decoration: underline;" href="https://www.businessinsider.com/china-worlds-largest-economy-slowdown-growth-property-crisis-bloomberg-economics-2023-9">China's GDP</a> will only briefly surpass the US's in the mid-2040s before "falling back behind." The economists had previously believed China could overtake the US in the 2030s.3 things in tech<a href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-tech-sector-dominance-sp500-apple-microsoft-amazon-2023-9"></a><div type="image" title="Workers at big tech companies like Apple (left), Amazon, and Meta may be leaving after two years because of workplace dissatisfaction. " height="1500" width="3000" msid="103438911" hostid="261" sizebytes="317260"></div>1. RIP to Apple's lightning cable. The iPhone maker is set to change its charging cable for the first time in more than a decade. The iPhone 15 — set to come out this month — will reportedly <a style="text-decoration: underline;" href="https://www.businessinsider.com/apple-iphone-15-will-require-usb-c-charger-lightning-2023-9">use the new cord</a>.2. Why tech is positioned to dominate the stock market. Tech has already led the stock market for about a decade — starting when Apple became the biggest company in the world. But tech like AI is going to <a style="text-decoration: underline;" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-tech-sector-dominance-sp500-apple-microsoft-amazon-2023-9">solidify the industry's dominance</a> even more.3. Cofounder of Google's AI division says everyone will soon have their own AI-powered "chief of staff." Mustafa Suleyman predicted that within the next five years, everyone will have access to <a style="text-decoration: underline;" href="https://www.businessinsider.com/google-deepmind-cofounder-mustafa-suleyman-everyone-will-have-ai-assistant-2023-9">an AI assistant</a>. It'll be super smart and even understand your personal history.3 things in business<a href="https://www.businessinsider.com/loneliness-epidemic-decline-in-third-places-friends-parks-community-2023-9"></a><div type="image" title="Amid a midnight blue background, bright red and orange lonely faces wander among shuttered buildings and structures" height="1200" width="2400" msid="103438912" hostid="261" sizebytes="604852"></div>1. Loneliness is a design flaw. The amount of third places — social spaces we regularly visit that aren't our home or work — is on the decline. This is a catastrophe for our communities and for us, Insider's Eliza Relman<a style="text-decoration: underline;" href="https://dev.insider.com/author/eliza-relman" target="_blank" rel="noopener"></a> writes. It's so bad that the US Surgeon General Vivek Murthy calls this <a style="text-decoration: underline;" href="https://www.businessinsider.com/loneliness-epidemic-decline-in-third-places-friends-parks-community-2023-9">an epidemic of loneliness</a>.2. Inside the secretive world of superyachts. The rich are buying superyachts in record numbers. They're the ultimate symbol of wealth and allow the rich to relax — <a style="text-decoration: underline;" href="https://www.businessinsider.com/inside-the-secretive-world-of-superyachts-2023-8">and broker deals</a> — without so many prying eyes. Their staff onboard even have to sign comprehensive non-disclosure agreements.3. NYC is having an Airbnb reckoning. A new short-term rental law is going into effect this week. It impacts around 40,000 listings and includes restrictions like a reservation cap of two people and <a style="text-decoration: underline;" href="https://www.businessinsider.com/nyc-airbnb-crackdown-squeezes-hosts-and-renters-starting-september-5-2023-9">banning entire-unit rentals</a>.In other news<a href="https://www.businessinsider.com/how-more-than-quadrupled-salary-career-pivoting-2023-9" target="_blank" rel="noopener"></a><div type="image" title="headshot of Christian Lovell outside" height="3126" width="4160" msid="103438913" hostid="261" sizebytes="299022"></div><ul><li>United Airlines is back in the air after a <a style="text-decoration: underline;" href="https://www.businessinsider.com/united-airlines-ground-stop-nationwide-flights-2023-9">nationwide ground stop</a>.</li><li>China is reportedly planning a <a style="text-decoration: underline;" href="https://www.businessinsider.com/china-planning-41-billion-semiconductor-fund-chip-war-heats-up-2023-9">$41 billion boost</a> to its semiconductor industry.</li><li>Mercedes claims <a style="text-decoration: underline;" href="https://www.businessinsider.com/mercedes-says-new-sedan-beats-any-tesla-on-mileage-range-2023-9">its new EV</a> can beat any Tesla's driving range on a single charge.</li><li>From student loans to Social Security benefits, <a style="text-decoration: underline;" href="https://www.businessinsider.com/social-security-benefits-student-loan-repayment-congress-funding-budget-fight-2023-8">here's what's at stake</a> during the budget showdown.</li><li>This 30-year-old career strategist revealed how she <a style="text-decoration: underline;" href="https://www.businessinsider.com/how-more-than-quadrupled-salary-career-pivoting-2023-9">quadrupled her income</a>.</li><li>These are the 17 most affordable US cities, <a style="text-decoration: underline;" href="https://www.businessinsider.com/top-us-cities-real-estate-investing-rent-and-price-increases-2023-9">including Nashville and Las Vegas</a>.</li><li>Brands are <a style="text-decoration: underline;" href="https://www.businessinsider.com/brands-making-film-tv-demand-more-audience-data-sharing-streamers-2023-9">pouring money</a> into film and TV content.</li></ul>What's happening today<ul><li>Fit for a Queen: Freddie Mercury's personal belongings are up for auction. Around 1,500 items from his London home are up for sale — they've been untouched for 30 years. They include jewelry, stage-worn outfits, a grand piano, and manuscripts.</li><li>He's the one — Lil Wayne is honored at the BMI R&amp;B/Hip Hop Awards. The event celebrates 50 years of hip hop. And Lil Wayne will receive the BMI icon award — the organization's highest honor.</li><li>Earnings today: American Eagle, Dave &amp; Buster's, <a style="text-decoration: underline;" href="https://markets.businessinsider.com/earnings-calendar">and other companies</a>.</li></ul><div type="image" title="Elaine LaLanne" height="683" width="1024" msid="103438914" hostid="261" sizebytes="70876"></div>For your bookmarksElaine LaLanne and her husband shaped the healthy-living movement. She's worked out for decades and revealed her <a style="text-decoration: underline;" href="https://www.insider.com/elaine-lalanne-97-does-these-exercises-every-day-2023-9" target="_blank" rel="noopener">daily 20-minute routine</a>.The Insider Today team: <a href="https://www.businessinsider.com/author/dan-defrancesco">Dan DeFrancesco</a>, senior editor and anchor, in New York City. <a href="https://www.businessinsider.com/author/diamond-naga-siu">Diamond Naga Siu</a>, senior reporter, in San Diego. <a href="https://www.businessinsider.com/author/hallam-bullock">Hallam Bullock</a>, editor, in London. <a href="https://www.businessinsider.com/author/lisa-ryan">Lisa Ryan</a>, executive editor, in New York.

Insider Today: IPOs' make-or-break moment

<ul class="summary-list"><li>ALI Technologies, the maker of the XTURISMO bike, is mulling a stock market listing, per Bloomberg. </li><li>The company began accepting pre-orders for its XTURISMO in October.</li></ul>The Japanese startup behind a $777,000 flying <keyword id="13583342" type="UNKNOWN" weightage="60" keywordseo="motorbike" source="Orion">motorbike</keyword> is planning to float on the stock exchange through an IPO to raise further funds, according to <a href="https://www.bloomberg.com/news/articles/2022-04-08/maker-of-777-000-flying-motorbike-prepares-for-ipo-in-japan?srnd=technology-vp&amp;sref=lAVQtUwz">Bloomberg</a>.Daisuke Katano, the CEO of Tokyo-based ALI Technologies, which designed the bike, named XTURISMO, told Bloomberg that the company was planning to list the company on the Mothers market for startups.Katano also said the company was in negotiations to float on the Tokyo Stock Exchange but declined to provide a timeframe or potential target valuation for an IPO. The 300-kilogram XTURISMO bike, which according to the company's <a href="https://www.xturismo.com/?lang=en">website</a> has a top speed of 80 kilometres per hour with a travel range of up to 40 minutes, <a href="https://www.businessinsider.com/hover-bike-ali-technologies-xturismo-japanese-start-hoverbike-tech-2021-10">launched</a> for pre-orders in October last year, Insider's Grace Dean reported. In January, the Robb Report <a href="https://robbreport.com/motors/aviation/hoverbike-lifts-off-with-228-hp-engine-designed-for-motorcycle-racing-1234658917/">reported</a> that the company had begun taking deposits for the bike, which can reach a height of 2 metres (6.6 feet) in three seconds. The vehicle made headlines in <keyword id="6355311" type="UNKNOWN" weightage="60" keywordseo="japan" source="Orion">Japan</keyword> in March when it featured in the opening ceremony of a baseball match in Hokkaido. Katano told Bloomberg the vehicles were garnering interest in the Middle East, where the desert terrain complemented the hovering nature of the bikes. The bikes are intended to hover rather than fly at altitude."The vehicle will enable people to travel where roads are bad and inaccessible to cars, as well as across bodies of water," he said. The XTURISMO is the latest in a line of startups racing to develop flying automobiles. The tech platform Tracxn <a href="https://tracxn.com/explore/Flying-Cars-Startups-in-United-States">estimates</a> there are 37 <keyword id="13583343" type="UNKNOWN" weightage="60" keywordseo="flying-car" source="Orion">flying car</keyword> companies based in the US.A <a href="https://www.fortunebusinessinsights.com/flying-cars-market-105378">report</a> published by Fortune Business Insights projects that the global flying car market will grow from $225 million in 2022 to $1.5 trillion by 2040. A collection of those mobility companies are already listed on the New York Stock Exchange, including air taxi group Joby, which is valued at $3 billion.

The Japanese company behind a $777,000 flying motorbike is planning to go public, reports say

Inside Vivek Ramaswamy's intense, high-maintenance, and highly air-conditioned empire

<ul class="summary-list"><li><keyword id="14650" type="COMPANY" weightage="60" keywordseo="Virgin-Atlantic">Virgin Atlantic</keyword> plans an <keyword id="6354763" type="UNKNOWN" weightage="60" keywordseo="ipo">IPO</keyword> in London, with an announcement maybe coming this fall, Sky News reported.</li><li>The carrier wants to be able to raise money to take advantage of a post-pandemic rebound in travel.</li><li>The airline is majority-owned by Richard Branson, with Delta Air Lines holding a 49% stake.</li></ul>Richard Branson's airline Virgin Atlantic plans to list on the London Stock Exchange as it bets on a rebound in air travel, <a href="https://news.sky.com/story/virgin-atlantic-takes-flight-with-surprise-plot-to-land-on-london-stock-market-12375314">Sky News</a> reported. Airline executives have been in talks with financial institutions and potential investors, and the UK-based airline is likely to announce plans for an initial public offering as soon as the fall, the report on Saturday said, citing sources. The IPO would be the first time the public has been able to buy shares in Richard Branson's airline carrier since it was founded in 1984. It would also see the British billionaire give up control of the business.Branson is the majority owner of Virgin Atlantic, with a 51% stake, and the remaining 49% stake is held by Delta Air Lines. Unless he takes up new equity through the IPO, Branson's ownership would be diluted.A stock-market listing would be a significant landmark for the airline, which struggled more than other carriers during COVID restrictions due to its reliance on UK-US routes.The pandemic has brought several industries to a standstill, but air carriers have been among the hardest hit as governments clamped down on travel to slow down the spread of the coronavirus. A Virgin Atlantic presentation to investors is said to have focused on its strong potential to benefit from constrained consumer demand.No potential valuation for Branson's flagship airline was given in the report. Virgin Atlantic declined to comment.Virgin Atlantic secured funding of $222 million earlier this year, a sign that the carrier is not in immediate need of a cash injection. Branson and other top executives want the listing to go ahead, as they want the airline to be open to further ways of raising money to take advantage of a post-pandemic rebound, Sky News reported. Read More: <a href="https://www.businessinsider.com/investing-strategy-funds-with-exposure-to-top-notch-fintech-morningstar-2021-8">Morningstar says investing in these 3 funds can give you valuable exposure to fintech firms across the globe as they evolve into the next big thing</a>

Richard Branson's Virgin Atlantic is planning a London stock-market debut as it bets on pent-up demand for air travel, report says

<ul><li>Electric air-taxi startup <keyword id="3355207" type="PERSON" weightage="60" keywordseo="Lilium">Lilium</keyword> is set to go public via a <keyword id="1817616" type="ORGANIZATION" weightage="60" keywordseo="SPAC">SPAC</keyword> merger in a deal worth $3.3 billion.</li><li>Lilium will merge with Qell Acquisition Corp., which is led by a former executive of General Motors.</li><li>The 7-seater jet under development at Lilium can take off and land vertically and has a planned commercial launch of 2024. </li><li><a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestts&amp;utm_medium=ingest" target="_blank" rel="noopener">Sign up here for our daily newsletter, 10 Things Before the Opening Bell</a>.</li></ul>The SPAC craze continued on Tuesday as electric air-taxi startup <a href="https://markets.businessinsider.com/news/stocks/lilium-announces-intention-to-list-on-nasdaq-through-a-merger-with-qell-acquisition-corp-and-reveals-development-of-its-7-seater-electric-vertical-take-off-and-landing-jet-1030257721">Lilium said it would merge with Qell Acquisition Corp.</a> in a deal worth $3.3 billion in pro forma equity value of the combined companies.Lilium is a German-based firm that is developing electric air-taxis that can vertically take-off and land. The firm is currently building a 7-seater jet that it expects to launch commercial operations for in 2024. According to Lilium, the electric taxi-jet has a projected cruise speed of 175 mph at 10,000 feet, and has a range of 155 miles. Former General Motors executive Barry Engle will join the board of the combined company, as will former Airbus CEO Tom Enders."I have spent my career in mobility and been part of the electrification of the automotive industry. The market and societal potential from the electrification of air travel is enormous," Qell said. The SPAC merger will raise total gross proceeds of $830 million for Lilium, and investors include Baillie Gifford, BlackRock, Tencent, and Palantir. Lilium will use the proceeds to fund the launch of commercial operations, including finalizing production facilities in Germany and obtaining type certification of the aircraft. Qell Acquisition Corp. traded up 3% on the merger news to just above its $10.00 offering price.

Electric air-taxi startup Lilium set to merge with former GM executive's SPAC in $3.3 billion deal

<ul><li><keyword id="802403" type="General" weightage="20" keywordseo="data-patterns" source="Orion">Data Patterns</keyword>, an electronic solutions provider for the defence and aerospace segment, intended to raise ₹588 crore through the IPO.</li><li>The IPO has been subscribed 119.62 times between December 14 to December 16.</li><li>Today, shares of the company are commanding a premium of ₹280 in the grey market.</li></ul>Chennai-based Data Patterns, an electronic solutions provider for the defence and aerospace segment, is likely to announce allotment of its initial public offering (IPO) today. The IPO was open for subscription between December 14 to December 16. In the three days of the IPO bidding process, the company received an amazing response from investors as it has been subscribed 119.62 times. Also, analysts are very bullish on the service provider to defence sector, which is reflected in the grey market premium which stands at ₹280 per share as of December 20. The company intended to raise ₹588 crore and got offer for ₹49,665 crore through the IPO with a price band of ₹555 to ₹585 per share. Incorporated in 1985, Data Patterns is an integrated defence and aerospace electronics solutions provider that caters to requirements across space, air, land and the sea. Here is how to <keyword id="12778837" type="General" weightage="20" keywordseo="data-patterns-ipo-allotment" source="Orion">Data Patterns IPO allotment</keyword> status on stock exchange website: <ul><li>Go to the <a href="https://www.bseindia.com/investors/appli_check.aspx">BSE website</a> or NSE website<a href="https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp"> here</a>.</li><li>On BSE, Select 'Equity' and then from the dropdown, select ‘Data Patterns’.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li><li>Please note the details will only be available once the shares are allotted.</li></ul>You can also visit the registrar website (Link Intime India) to check your application status. <ul><li>Visit the registrar's website <a href="https://linkintime.co.in/MIPO/Ipoallotment.html">here</a>.</li><li>Click on 'Select company' and click on ‘Data Patterns’.</li><li>Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.</li><li>Enter the captcha and click ’submit’.</li></ul>Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/these-9-stocks-are-down-as-much-as-15-since-being-the-top-diwali-picks-6-weeks-ago/articleshow/88387967.cms">From ICICI Bank to INOX, these 9 stocks are down as much as 15% since being the top Diwali picks 6 weeks ago</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/lic-ipo-to-be-launched-between-jan-mar-2022/articleshow/88388148.cms">LIC IPO to be launched between Jan-Mar 2022</a>

Have you applied for a Data Patterns IPO? Here is how to check allotment status

<ul><li><keyword id="6362992" type="General" weightage="20" keywordseo="yatra" source="Orion">Yatra</keyword> is looking to go public in India to raise ₹750 crore.</li><li>The company mentioned that its heavy reliance on <keyword id="44023" type="General" weightage="20" keywordseo="airlines" source="Orion">airlines</keyword> may be a risk factor.</li><li>It currently earns close to 70% of its revenue just by selling air tickets.</li></ul>There is no denying that the last couple of years have been extremely tough on the global travel and tourism industry. Whenever the segment started to make a little recovery, they would once again be hit by a new COVID-19 variant and another deadly wave. While everyone hopes that the worst of the pandemic is behind us, Yatra.com may have a little more to worry about. Yatra, which is now looking to go public in India to raise ₹750 crore, has revealed that its heavy dependence on air ticketing business and airline supplier relationship is one of the risk factors to its business. The reason simply being the financial conditions of the Indian aviation industry. The airlines and airports in India incurred an estimated loss of ₹19,564 crore and ₹5,116 crore in 2022-2021 due to several disruptions caused by the global pandemic, the government of India revealed in December 2021. Another <a href="https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/domestic-aviation-industry-will-need-up-to-rs-35000-crore-additional-funding-in-fy21-23-icra/articleshow/75742002.cms?from=mdr">report</a> by Investment Information and Credit Rating Agency of India (ICRA) revealed that the domestic aviation industry will require an additional funding worth ₹32,500 crore to ₹35,000 crore during fiscal year 2021-23 to overcome the impact of the pandemic. The report added that airlines were losing ₹75-90 crore on a daily basis during the COVID-19 lockdown. The industry level debt was also expected to increase to ₹46,500 crore over FY2021-22, the report noted. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Airlines </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Net Debt </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Year </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">SpiceJet </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹10,400 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY2021 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Air India </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹61,562 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">August 2021 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IndiGo </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹29,859 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY2021 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">GoAir </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹7,346 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">December 2021 </td></tr></tbody></table>Source: Statista, Air India, IndiGo, GoAir The situation of Indian airlines could impact Yatra A report by ResearchGate<a href="https://www.researchgate.net/publication/341768345_Financial_Distress_in_Indian_Aviation_Industry_Investigation_Using_Bankruptcy_Prediction_Models"> mentioned </a>that the Indian aviation sector has shown significant growth prospects in the last few years, but the financial performance of most of the air carriers individually is not at all “impressive”. “Every five years one airline in India is being grounded…,” the report added. Jet Airways was grounded in 2019 and will now be <a href="https://www.businessinsider.in/business/news/meet-sanjiv-kapoor-the-new-ceo-of-jet-airways-2-0/slidelist/89987676.cms">making a re-entry</a> three years later next month. Yatra Online Limited, in its draft red herring prospectus (DRHP) revealed, “We are exposed to risks associated with these Indian businesses which risks have recently been heightened by the COVID-19 pandemic, including bankruptcies, restructurings, consolidations and alliances of its partners, the credit worthiness of these partners, and the possible obligation to make payments to our partners. For example, the Indian airline industry has experienced significant losses and has undergone bankruptcies, restructurings, consolidations and other similar events.” The company also cited the example of Jet Airways whose bankruptcy and cessation of operations negatively impacted Yatra’s revenue. The Jet Airways bankruptcy — or any future bankruptcies or increased consolidation in the airline industry — could create challenges for the company and reduce the profitability of its airline ticketing business, the company said. But it gets worse Yatra Online Limited generated over 70% of its business from air ticketing in the fiscal year 2021 and nearly 66% in the first half of fiscal year 2022. Any reduction in the profit margins in air ticketing could have a larger impact on Yatra’s revenue and profitability. <div type="image" title="Yatra.com’s biggest source of revenue is also its biggest risk" msid="90570411" hostid="261"></div> To make matters worse, a substantial portion of Yatra Online Limited’s revenue comes from only four domestic airlines. Even though it provides access to 407 airlines, seven domestic and 400 international airlines. These include domestic flights like Air Asia, Air India, Air India Express, Go First, IndiGo, SpiceJet, Vistara, and international airlines such as Air France-KLM, British Airways, Emirates, Etihad Airways, Lufthansa, and others. “Because the majority of the domestic Indian air travel industry is concentrated among these four domestic airlines, any adverse market developments across the Indian commercial aviation landscape, particularly among the most dominant domestic airlines are more likely to impact our business,” the company said in its DRHP. SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/finance/banks/news/axis-bank-may-soon-become-the-third-largest-credit-card-player-after-hdfc-bank-and-sbi-post-the-citibank-deal/articleshow/90563751.cms">Axis Bank may soon become the third largest credit card player after HDFC Bank and SBI post the Citibank deal</a> <a href="https://www.businessinsider.in/business/news/mukesh-ambani-and-gautam-adanis-net-worth-is-now-more-than-100-billion/articleshow/90564692.cms">Mukesh Ambani and Gautam Adani are now worth more than $100 billion</a> <a href="https://www.businessinsider.in/tech/news/dysons-new-headphones-with-an-air-purifier-bank-on-peoples-masking-habits/articleshow/90561834.cms">Dyson's new headphones with an air purifier bank on people’s masking habits</a>

Yatra.com’s biggest source of revenue is also its biggest risk

<ul><li>Freshworks became the first Indian software-as-a-service (SaaS) firm to get listed on a US exchange by raising $13 billion on its debut day.</li><li>The IPO created 500 crorepatis in India, 70 of them are under the age of 30.</li><li>There are many more reasons why the startup industry is cheering for the <keyword id="11167545" type="General" weightage="20" keywordseo="freshworks-ipo" source="Orion">Freshworks IPO</keyword>.</li></ul>Apparently, the startup world can’t keep calm because not everyday does an Indian software-as-a-service (SaaS) firm get listed on a US exchange by raising $13 billion dollars on its debut day. Icing on the cake is that the Freshworks IPO has also created a whole lot of wealth for its employees. 500 crorepatis (millionaires) in India, 70 of them are under the <a href="https://www.businessinsider.in/stock-market/news/freshworks-ipo-500-crorepatis-12-billion-market-cap-and-more-that-emerged-from-indias-first-saas-listing-at-nasdaq/articleshow/86445614.cms">age of 30</a>. Interestingly, Girish Mathrubootham, co-founder and chief executive officer of Freshworks, who is a big fan of Rajinikanth, names the opening ceremony event on Nasdaq as ‘Project Superstar’ in tribute to the famous Indian actor. There are many more reasons why the startup industry is cheering for the Freshworks IPO launch. Here are a few reactions from the India Inc: Freshworks IPO is a ‘snowball moment’ for India’s SaaS industry "An IPO is one more feather in Freshwork and Girish's hat! I strong believe they would build a long standing institution. The most gratifying part is to see the wealth created for their team, and energy they have helped propel in the India SAAS ecosystem - installing confidence in founders /to-be founders that great companies can be built from scratch. This is a snowball moment for India SAAS, and I am excited that we at Speciale are live and investing in this vibrant and growing startup ecosystem,” — Vishesh Rajaram, founder and managing partner of Speciale Invest This startup accelerator feels this is a Neeraj Chopra moment for the industry "Salesforce was the first SaaS IPO in the world in 2004. It served as a big inflection point for the entire SaaS Industry and which today, after 15 years, has an enterprise value of $2 trillion dollars. Freshworks - as the first Indian SaaS company to go IPO - acts as a similar inspiration to a growing number of SaaS startups from India. Every Indian SaaS founder is cherishing this moment just like the nation celebrated Neeraj Chopra winning Gold at the Olympics,” — Prasanna Krishnamoorthy, partner at Upekkha Value SaaS Accelerator Now the important question is who will achieve this feat next? "Successful listing of Freshworks on NASDAQ is a “Eureka” moment for the B2B SaaS sector in India which will inspire many upcoming start-ups to spread Indian product software across the globe. This feat by Freshworks showcases the potential for Indian SaaS start-ups to build globally disruptive technology product companies. It also showcases an immense amount of talent and the passion for entrepreneurship &amp; execution the Freshworks team embodies, and we (as in the Indian startup ecosystem) are eager to find out who will achieve this feat next,” — Ankur Bansal, cofounder and director at BlackSoil “Every SaaS founder in India would have a story or two about how they got inspired by Girish and the Freshworks story. Freshworks IPO makes the story they believed and got inspired by all the more real and their aspirations all the more possible. To the next 10 Indian SaaS IPOs!,” — Mayank Agarwal, cofounder at SendX “Freshworks has paved the path for future SaaS Companies that are building from India and selling globally. This is just a start of what we can see in the upcoming decade where a ton of Indian SaaS Companies will be going public. As Girish had mentioned yesterday that he feels like winning an Olympic medal, it is equivalent or more and motivates the next generation of SaaS Founders to build and go public,” — Harshit Agarwal, chief executive officer at Appknox SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/freshworks-ipo-500-crorepatis-12-billion-market-cap-and-more-that-emerged-from-indias-first-saas-listing-at-nasdaq/articleshow/86445614.cms">Freshworks IPO — 500 crorepatis, $12 billion market cap and more that emerged from India’s first SaaS listing at Nasdaq</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/voltas-havells-india-and-blue-star-stocks-have-gained-10-24-on-hopes-of-strong-demand-this-festive-season/articleshow/86448471.cms">Air conditioner brands Voltas, Blue Star, Havells rally ahead of festive season</a>

You Searched For "go air ipo" and got 10 results

The cofounder of Allbirds has some advice for startups looking to IPO: make money ahead of going public

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The Japanese company behind a $777,000 flying motorbike is planning to go public, reports say

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Inside Vivek Ramaswamy's intense, high-maintenance, and highly air-conditioned empire

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Richard Branson's Virgin Atlantic is planning a London stock-market debut as it bets on pent-up demand for air travel, report says

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