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Keyword: ipo

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  • Shares in one of London’s biggest IPOs this year have crashed 82%

    10/24/2023 9:10:18 AM PDT · by Diana in Wisconsin · 4 replies
    Channell 3000/CNN ^ | October 24, 2023 | CNN Staff
    Three months ago, CAB Payments stumbled when it went public on the London Stock Exchange, its shares falling nearly 10% on their first day of trading on a market that has been starved recently of new listings. The mood went from bad to worse Tuesday, however, when the fintech firm’s shares crashed nearly 74% after it issued a stark warning on revenues. The stock has now lost 82% of its value since listing. The company, which provides foreign currency and cross-border payment services for businesses, sold shares worth $371 million to investors in July, making it London’s second-biggest initial public...
  • China's Twitter-Like Weibo Plans US$547 Million Hong Kong Listing

    11/29/2021 12:51:12 AM PST · by nickcarraway · 2 replies
    Channel News Asia ^ | 29 November, 2021
    US-listed Chinese microblogging platform Weibo is seeking to raise up to US$547 million in a share offer in Hong Kong, documents showed Monday (Nov 29), the latest China tech company to list closer to home as tensions with the United States rise. Several US-listed Chinese tech firms such as Alibaba have held initial public offerings in Hong Kong over the past two years as the United States has stepped up scrutiny of Chinese companies. Listing in Hong Kong is seen as a hedge against the risk of being removed from US exchanges and a way of accessing an investor base...
  • Electric automaker Rivian valuation pops above GM, Ford in the biggest IPO of 2021

    11/11/2021 9:45:01 AM PST · by SeekAndFind · 31 replies
    Tech Crunch ^ | 11/11/2021 | Kristen Korosec
    The euphoria around Rivian kicked into overdrive Wednesday as it debuted as a publicly traded company, with an opening share price of $106.75. If that sticks, it would give Rivian an implied valuation of $90 billion. The opening trade was nearly 37% higher than its listed IPO price of $78. That absolute eye-popping number makes Rivian one of the largest IPOs in U.S. history and puts its market cap above GM as well as one of its backers, Ford (GM’s market cap is $86.31 billion; Ford’s is $78.2 billion).That share price continued to rise after it began trading around 1...
  • 7 takeaways from Rivian's IPO filing

    10/04/2021 11:09:35 AM PDT · by SunkenCiv · 43 replies
    TechCrunch ^ | October 1, 2021 | Kirsten Korosec, Alex Wilhelm
    Rivian, the electric automaker backed by Amazon, Ford and a cornucopia of heavy-hitting institutional investors like T. Rowe Price Associates and Coatue, finally made its once-confidential IPO filing public.The company, which started in 2009 as Mainstream Motors before adopting the Rivian name two years later, has exploded in terms of people, backers and partners in the past few years. Rivian operated in secret for years before it revealed prototypes of its all-electric R1T truck and R1S SUV at the LA Auto Show in late 2018. Since then, Rivian has raised about $11 billion ($10.5 billion of which was raised since...
  • Beijing Halts Over 40 IPOs Amid Probe into Broker, Law Firm In Regime’s Escalating Crackdown on the Private Sector.

    08/23/2021 8:46:44 PM PDT · by SeekAndFind · 4 replies
    Epoch Times ^ | 08/23/2021 | Dorothy Li
    Chinese bourses have halted 42 initial public offerings (IPOs) amid a regulatory probe into four intermediaries in the deals. It marks the latest move in the Chinese regime’s escalating crackdown on the private sector.The Shenzhen Stock Exchange suspended more than 30 IPOs, including public share sale plans by the electronic carmaker BYD Co’s chip unit, on Aug. 18, according to exchange filings. Meanwhile, the Shanghai Stock Exchange has pressed the pause button on eight IPOs targeting the city’s tech-focused STAR Market since Aug. 19.Among those hit was Chinese electric car maker BYD’s chip unit. BYD Semiconductor had in May filed...
  • SpaceX begins accepting $99 preorders for its Starlink satellite internet service as Musk eyes IPO

    02/10/2021 2:31:01 AM PST · by blueplum · 33 replies
    MSNBC via MSN ^ | 09 Feb 2021 | Michael Sheetz
    Elon Musk's SpaceX has widened the scope of the public beta test of its Starlink satellite internet service. Starlink's website emphasizes that preorders are "fully refundable," but notes in fine print that "placing a deposit does not guarantee service." company at first is offering Starlink to customers in the U.S., Canada, and the U.K. ...Prospective Starlink users can enter a service address on the company's website, with preorders available for $99. Some regions show preorder messages that say SpaceX is "targeting coverage in your area in mid to late 2021," while other preorders say 2022.
  • Smart lock startup Latch to go public via SPAC in $1.56B deal

    01/26/2021 1:02:35 PM PST · by nickcarraway · 5 replies
    SiliconANGLE ^ | JANUARY 25 2021 | Duncan Riley
    Smart lock startup Latch Inc. is set to be the latest company to go public via a special-purpose acquisition company in a deal that values the company at $1.56 billion. Under the deal, Latch will go public via TS Innovation Acquisitions Corp., a company backed by property developer Tishman Speyer. Latch will raise $510 million in cash, including $190 million from investors Chamath Palihapitiya, BlackRock, D1 Capital Partners and Fidelity Management & Research, according to Reuters. SPACs are entities that are created for the sole purpose of buying another firm and taking it public. They became growingly popular in 2020...
  • New Aramco IPO Deadline Looms -- Energy Journal

    11/18/2019 1:08:59 PM PST · by SunkenCiv · 37 replies
    WSJ Moneybeat ^ | November 18, 2019 | Neanda Salvaterra
    The oil giant released a valuation target ranging from $1.6 trillion to $1.7 trillion. The figures fall short of the $2 trillion target Saudi Crown Prince Mohammed bin Salman has been fixed on for more than two years. The difference in value illustrates the operational, geopolitical and governance risks that investors face betting on the offering, writes Ben Dummett. The IPO still has potential to be the world's biggest by surpassing the $25 billion Alibaba raised in 2014. But the stock listing is beginning to reveal a set of dueling interests for Saudi Arabia. Saudi leadership wants the stock offering...
  • The fall of WeWork’s Adam Neumann

    09/30/2019 6:11:54 PM PDT · by Zhang Fei · 11 replies
    Fast Company ^ | 09.28.19 | Katrina Brooker
    It was a glorious spring morning in New York, and sunlight streamed through the windows of 115 West 18th Street. This is the global headquarters of The We Company, and I was there to meet with its CEO and cofounder Adam Neumann. He greets me warmly as I am ushered to his office, and he gestures for me to follow him to a small room in the back of his workspace. He said he wanted to show me something. He looked happy, smiling confidently, the way a guy sitting on top of company valued at $47 billion might. The room...
  • WeWork Still Needs Cash After Officially Pulling IPO (Gated)

    09/30/2019 9:23:40 AM PDT · by NohSpinZone · 7 replies
    Wall Street Journal ^ | 9/30/19 | By Eliot Brown
    We Co. had $2.5 billion of cash as of June 30. At its current rate of cash burn—about $700 million a quarter—it would run out of money some time after the first quarter of 2020, according to Chris Lane, an analyst at Sanford C. Bernstein & Co. He and his colleagues projected in a recent note to clients that We would burn through nearly $10 billion in cash between 2019 and 2022, assuming it keeps growing.
  • Uber sinks below $45 per share IPO price as trading begins

    05/10/2019 9:08:26 AM PDT · by C19fan · 36 replies
    Yahoo ^ | May 10, 2019 | Javier E. David
    Uber (UBER) officially began trading Friday on the New York Stock Exchange, but stumbled out of the gate as its stock dropped below its $45 initial public offering price. In Uber’s first test of whether it can transition from Silicon Valley unicorn to a publicly traded company while winning over a skeptical, volatile market, the stock — which priced at $45 on Thursday — gradually drifted lower from the $46-$48 indicated range earlier in the morning. In its first trade, Uber opened at $42 per share on the New York Stock Exchange (NYSE), effectively crashing out of the preferred range...
  • Uber’s Great Idea to Offer their Drivers Equity at IPO Price

    03/01/2019 1:37:00 PM PST · by SeekAndFind · 10 replies
    National Review ^ | 03/01/2019 | Kevin Williamson
    Uber and Lyft, the two ride-hailing giants, both are planning initial public offerings of their stock. And both of them are doing something interesting: offering their most valuable drivers cash bonuses that can be exchanged for equity at the IPO price — giving them the opportunity to buy in on the same terms as the big Wall Street players. This is an excellent idea, and one that should be encouraged. As the Wall Street Journal reports: Comments It is typically hard for an ordinary investor to buy a company’s stock at its IPO price before it begins trading on an...
  • Saudis Officially Call Off Aramco IPO

    08/22/2018 10:52:38 AM PDT · by bananaman22 · 3 replies
    Oilprice.com ^ | 08-22-2018 | Juli
    The long-wait is over. Today, reports surfaced that Saudi Arabia has long-ago called off its highly anticipated, $100-billion-dollar IPO, Reuters sources confirmed, with even plans to list the state-run oil company on its domestic bourse, Tadawul, being scrapped. Its merry band of advisors have also been dissolved. The listing, which was to be the largest IPO in history, was delayed numerous times, its peril-fraught journey likely doomed from the start, encountering barriers anywhere from finding a suitable listing venue to quantifying its sizable oil reserves, from suspect transparency to in-fighting between the Saudi government and Aramco.
  • Blue Apron slashes its IPO range

    06/28/2017 7:57:09 AM PDT · by BenLurkin · 23 replies
    cnbc ^ | Terri Cullen | Lauren Thomas
    The company now estimates it will price its IPO at $10 to $11 a share, down from the $15 to $17 a share it initially expected. The new pricing range implies a valuation of up to $2.08 billion, compared with $3.2 billion earlier. Last week, the company submitted a filing that kicked off the process to go public on the New York Stock Exchange under the symbol "APRN." Blue Apron had said it hoped to raise $100 million with its IPO. The company is now in the final stages of preparing to go public in an already competitive meal-kit landscape....
  • Saudi Arabia To List Aramco Shares In New York, London, Hong Kong

    05/09/2016 2:57:12 PM PDT · by bananaman22 · 3 replies
    Oilprice.com ^ | 09-05-2016 | Ahmed Al Chemicali
    Saudi Arabia revealed more details about its planned initial public offering of the state-owned oil company Saudi Aramco. As part of Deputy Crown Prince Mohammed bin Salman’s vision to diversify the Saudi economy over the next decade and a half, the IPO of Aramco could raise cash while also making the company more transparent. The Telegraph reported that Saudi Aramco plans a three-way listing, with shares listed in London, New York, and Hong Kong. Also, Aramco hopes to convince some of the oil majors, including ExxonMobil, BP and China’s Sinopec, into taking “strategic stakes” in Aramco, “offering them long-term access...
  • Boom: Alibaba surges in huge IPO debut

    09/19/2014 9:31:49 AM PDT · by C19fan · 17 replies
    CNN Money ^ | Septembet 19, 2014 | Matt Egan
    Shares of the Chinese e-commerce giant opened at $92.70. That marks a 36% pop from the $68 price of its record-shattering initial public offering. The first day of trading can be very volatile. Alibaba continued to climb and nearly hit $100 before sinking back down to around $93.
  • Alibaba files to sell up to $24.3 billion in stock, biggest US IPO ever

    09/07/2014 10:13:06 PM PDT · by 2ndDivisionVet · 25 replies
    CNBC ^ | September 5, 2014 | Staff
    (VIDEO-AT-LINK)Chinese e-commerce giant Alibaba on Friday filed to sell up to $24.3 billion in stock, making it the biggest U.S. initial public offering ever. Alibaba is selling 123 million of the 320 million American Depositary Shares slated for the IPO at between $60 and $66 per share, according to a filing. Shareholders including Yahoo, Ma and executive vice chairman Joe Tsai are offering the remainder. Yahoo cut its stake in the company to 16.3 percent from 22.4 percent and SoftBank cut its stake to 32.4 percent from 34.1 percent earlier, Dow Jones reported....
  • Chinese Internet Giant Could Win Largest Ever U.S. Initial Stock Offering

    07/16/2014 9:37:41 AM PDT · by PoloSec · 7 replies
    The Free Beacon ^ | July 16 2014 | Daniel Wiser
    A Chinese Internet giant is expected to win approval from the Securities and Exchange Commission (SEC) for potentially the largest ever U.S. initial stock offering despite a myriad of investment and security risks posed by the IPO, critics say. Alibaba Group Holding Ltd., a Chinese company whose online retail sales exceed those of U.S. competitors, such as Amazon or Ebay, currently awaits SEC approval for the stock sale that could raise as much as $20 billion. The SEC has assented to several IPOs of Chinese companies with similar corporate structures since 2000. However, critics of the offering say the potential...
  • I Can't Believe the U.S. Government Wants to Unleash This on the Public

    04/09/2014 7:11:08 AM PDT · by Vigilanteman · 3 replies
    Money Morning ^ | 8 April 2014 | Shah Gilani
    Do you know Ally Financial Inc.? You've no doubt seen their commercials. They used to be all over the tube hawking their high-yielding certificates of deposit. Now they're all over the tube with their "no hidden fees" campaign. . . . But Ally isn't funny. It recently announced that it's launching an initial public offering (IPO) of its stock at a price per share of $25 to $28. The shares will be offered by the U.S. Treasury as part of its planned exit of its investment in Ally during the subprime crisis in 2008. I've heard some analysts say this...
  • Healthcare.gov: A Failed IPO

    11/08/2013 1:47:52 PM PST · by Kaslin · 8 replies
    Townhall.com ^ | November 8, 2013 | Brian and Garrett Fahy
    If Obamacare’s website, www.healthcare.gov, had an initial public offering, as Twitter did this week, how might its stock price be valued after its recent performance? In Colorado, nearly 250,000 people were notified that their health insurance will be cancelled because their plans fail Obamacare's requirements. In Washington State, nearly 200,000 people received similar notices. Coloradoans and Washingtonians may be losing their doctors and health insurance, but at least they have legalized marijuana to dull the pain. Delaware and North Carolina each boast one Obamacare enrollee. Winning. Beyond under-enrollment, the Obamacare-forced cancellations portend tragic consequences. The Wall Street Journal publicized the...