Right now, there aren’t many companies or bankers willing to launch their carefully preened IPOs into the choppy markets.
One exception is the carbon trading platform Xpansiv.
It has been busy with fund manager meet-and-greets, as it eyes more than $500 million for a $2 billion-odd valuation.
And Street Talk understands there’s a reason for Xpansiv’s audacity – it has an acquisition cooking on the side and is hoping the IPO will help fund this.
The company that Xpansiv is buying remains unnamed but fundies describe it as the biggest carbon registry outfit in the US and worth a couple of hundred million.
