Wheels Up Partners Plans IPO

Wheels Up Partners said on Monday it had agreed to go public through a merger with blank-check firm Aspirational Consumer Lifestyle Corp, valuing the private jet charter company at $2.1 billion.

Aspirational Consumer Lifestyle, a special purpose acquisition company (SPAC) led by LVMH executive and veteran private equity investor Ravi Thakran, raised $225 million in an initial public offering (IPO) last year.

The New York-based company is set to receive $790 million in gross proceeds on the transaction, including $550 million from investors such as T. Rowe Price, Fidelity Investments, and Franklin Advisors.

InPost Plans IPO on Euronext

Polish parcel locker firm InPost plans an initial public offering in Amsterdam and aims to debut on Euronext as early as February, it said, as it seeks to expand abroad to capitalize on a surge in online shopping.

Reuters reported in December that private equity firm Advent International was preparing an Amsterdam IPO for InPost that would value its equity at 7-8 billion euros ($8.5-$9.85 billion)

The business, widely used in Poland by sellers on online commerce platform Allegro, with equity owners Cinven, Permira among its owners, has benefited from an online boom as the COVID-19 pandemic keeps shoppers in their homes.

Affirm Inc plans $9 Billion IPO

Affirm, Inc., founded by PayPal co-founder Max Levchin, is aiming for a valuation of over $9 billion in its initial public offering, the lending startup said in a filing on Tuesday.

Affirm’s major investors include Peter Thiel’s Founders Fund, Singaporean sovereign wealth fund GIC, Scottish asset manager Baillie Gifford, investment firm Spark Capital and Fidelity Management, LLC and W Research Company LLC

Companies raised a record $167.63 billion in the United States in 2020. In comparison, $108 billion was raised in 1999, the previous record for capital raised through new issues.

Patria files for NASDAQ IPO

Patria Investments, a Latin America-focused investor that has been partially owned by Blackstone for the past decade, is setting the table for a seldom-seen event: A public offering for a private equity firm.

Patria has filed to go public on the Nasdaq, a move that comes a little more than 10 years after Blackstone acquired a 40% stake in the Brazilian firm for a reported $200 million. Since that 2010 deal, Patria has grown its assets under management from $3.6 billion to $12.7 billion, with $7.2 billion of that current AUM.

Blackstone itself has been publicly traded since 2007, with fellow industry giants KKR & Co. Inc., The Carlyle Group, Apollo Global Management Inc. and Ares Management Corporation among the handful of other firms listed on US stock exchanges.