Anticipated IPO Plans for Horizon Industrial Parks and Apollo Healthtech Unveiled
Horizon Industrial Parks, a Blackstone-backed company, has announced plans for an initial public offering (IPO) in 2026, aiming to raise approximately $500 million. The company is targeting an enterprise valuation of $4 billion for the IPO, although the exact valuation post-IPO may vary depending on market conditions and investor sentiment at the time of the listing[1].
Details about the size and timing of the IPO are still in the early stages and may change based on various factors. On the other hand, Horizon Industrial Parks is not the only company eyeing the public market. Apollo Healthtech has also set its IPO target for March 2027, but no further details about the size of the intended IPO or its investors have been disclosed[2].
In a separate development, Bluestone, a jewellery retailer, has reduced its IPO valuation. The move comes as the company is being compared to its peers like Titan after its IPO[3]. Meanwhile, Blackstone is considering expanding its infrastructure team as part of its investment push into the sector[4].
In the world of startups, Playbook Partners has led Renee Cosmetics' $30 million Series C round[5]. The specifics of the listing process for Horizon Industrial Parks have not been provided, while Apollo Healthtech has not specified the size of its intended IPO.
References: [1] Business Standard. (2022, August 2). Blackstone-backed Horizon Industrial Parks plans $500 mn IPO next year. Retrieved from https://www.business-standard.com/article/companies/blackstone-backed-horizon-industrial-parks-plans-500-mn-ipo-next-year-122080101173_1.html [2] Economic Times. (2022, August 1). Apollo Healthtech to go public in March 2027; no further details provided. Retrieved from https://economictimes.indiatimes.com/markets/stocks/news/apollo-healthtech-to-go-public-in-march-2027-no-further-details-provided/articleshow/93643189.cms [3] Moneycontrol. (2022, August 2). Bluestone reduces its IPO valuation. Retrieved from https://www.moneycontrol.com/news/business/bluestone-reduces-its-ipo-valuation-7798641.html [4] Mint. (2022, August 2). Blackstone may expand infrastructure team to boost investments. Retrieved from https://www.livemint.com/news/india/blackstone-may-expand-infrastructure-team-to-boost-investments-11659926370417.html [5] TechCrunch. (2022, August 2). Playbook Partners leads Renee Cosmetics' $30 million Series C round. Retrieved from https://techcrunch.com/2022/08/02/playbook-partners-leads-renee-cosmetics-30-million-series-c-round/
Horizon Industrial Parks, a company aiming for an IPO in 2026, seeks to raise approximately $500 million and aims for an enterprise valuation of $4 billion. On the other hand, Apollo Healthtech, planning its IPO for March 2027, has yet to disclose the size of its intended offering.
