trending Market Intelligence /marketintelligence/en/news-insights/trending/yhodxmxyw91eawvjo4traa2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Pushpay Holdings shelves US float

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Pushpay Holdings shelves US float

New Zealand-based Pushpay Holdings Ltd shelved its plan to list in the U.S.

The fintech company said its board ceased preparations for a U.S. market listing for the time being, given that the main objectives of the U.S. float — to increase capital and liquidity — have been largely met.

In May, the company's annual turnover of shares increased to NZ$380 million from NZ$158.4 million in December 2017, while its annual liquidity ratio rose to 32.1% from 13.8%.

Pushpay said it has seen a substantial increase in liquidity and a wider range of institutional investors join its share register, including U.S.-based institutions.

The company is instead selling shares held by co-founder and Executive Director Eliot Crowther. The sell-down comprises 24,793,798 shares, or 9.03% of the company's fully paid shares outstanding, offered at an underwritten floor price of NZ$4 per share, for an aggregate of NZ$99.2 million.

The offer price represents an 8.8% discount to the five-day volume weighted average price, and an 8.5% discount to the last traded price on June 18.

The bookbuild will run from June 18 to June 19. The company halted the trading of its shares June 18, and will resume trading June 20.

Crowther will leave the company July 31.

As of June 15, US$1 was equivalent to NZ$1.44.