Blade Air Mobility and Joby Aviation: *The Deal: Blade Air Mobility is selling its helicopter passenger rideshare business to Joby Aviation for $125 million. This deal is causing Blade's stock to surge up to 30% and Joby's stock to rise over 5%. *What's included in the deal: Joby Aviation is acquiring Blade's helicopter rideshare service, which offers transportation from various New York City landing spots to nearby areas like the Hamptons or airports such as Newark Liberty International. *What's not included: Blade's medical transport business will be spun out into a new public company called Strata Critical Medical, and Joby won't be taking that over. *Some stats about Blade: - *Passengers transported: Over 50,000 passengers in 2024 - *Terminals: 12 different terminals operating from Blade Air Mobility operates in two main segments²: - *Passenger: Offers helicopter and seaplane flights in the US and Europe - *Medical: Transports human organs for transplant...
NSE: National Stock Exchange
- *OFS*: Offer for Sale
- *NSDL*: National Securities Depository Limited
- *BSE*: Bombay Stock Exchange
- *IPO*: Initial Public Offering
The NSDL IPO is opening tomorrow, July 30, 2025, and will continue until August 1, 2025. The price band has been set at ₹760 to ₹800 per equity share, with the company aiming to raise ₹4,011.60 crore through a complete Offer for Sale (OFS).
The IPO will be listed on both the NSE and BSE. Interestingly, NSDL shares are trading at a premium of ₹137 in the grey market, indicating a potential listing gain of around 17%.