Climeworks IPO: Can it happen in 2022? - Kalkine Media

May 16, 2022 09:38 AM EDT | By Raza Naqvi
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Highlights

  • Last month, Climeworks raised US$ 650 million in a private funding round.
  • Climeworks has developed a technology to capture directly from the atmosphere.
  • The Switzerland-based company was launched in 2009 to provide solutions for addressing the issue of climate change.

Recently, the US and Canadian markets witnessed a few companies going public. However, they did not receive the desired response compared to the overwhelming response private companies got in 2021. Amid a shaky IPO market, often people search for the public debut plans of Climeworks, a carbon removal technology company.

Last month, Climeworks raised US$ 650 million in a private funding round, and that could have attracted potential investors.

What is Climeworks?

The Switzerland-based company was launched in 2009 to provide solutions for addressing the issue of climate change. Climeworks captures carbon directly from the atmosphere through its innovative technology.

Climate change is a serious threat to the world, and companies like Climeworks could gain prominence as most governments have committed to reducing their carbon emissions.

The latest funding could help the company achieve its goal of removing more than one per cent of the global carbon emissions. Climeworks' backers include Partners Group, GIC, and various other stakeholders.

Also Read: Excelerate Energy IPO: When can you buy this LNG provider's stock?

Climeworks IPO happening in 2022?

It is highly unlikely that the carbon-capturing company would go public this year as the equities markets are not faring well due to several macroeconomic factors.

Recently, the US Federal Reserve announced hiking interest rates by 0.5%, and that sent investors into a panic mode and markets are expected to remain highly volatile amid recession fears.

Climeworks IPO plan
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The markets were already witnessing increased volatility due to the ongoing war between Russia and Ukraine. Now, the rising interest rates and inflation could further impact the markets.

Also Read: Can you buy SiFive stock in North American markets?

Bottom line

Climeworks is expanding, and it recently signed a deal with Swarovski for five years. Swarovski aims to reduce carbon from the atmosphere and formulate a solid strategy around its greenhouse gas plan to reduce and remove carbon emissions. The company could further attract clients looking to fight climate change.

Please note, the above content constitutes a very preliminary observation or view based on digital trends and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.


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