In a statement, WeRock NV, the owner of the WeTransfer file transfer service said, it is seeking to file for an initial public offering (IPO) of shares which will be listed on Amsterdam’s Euronext stock exchange. In its offer letter,… Read More ›
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Reliance industries purchases controlling stake in five star Mandarin Oriental New York hotel for $98.15M
India’s Reliance Industries Ltd has agreed to purchase a controlling stake in Mandarin Oriental New York, a five-star hotel in midtown Manhattan, through the purchase of its Cayman Islands-based parent for $98 million. In a stock exchange filing on Saturday, Reliance… Read More ›
Foxconn Industrial Internet’s IPO to launch in China on May 24, 2018
A Foxconn subsidiary, Foxconn Industrial Internet is its parent vehicle to raise sufficient funds to enable Foxconn to wean itself off from manufacturing devices for Apple Inc and instead align itself towards Made in China 2025 policy by entering into… Read More ›
Snap Inc. and Uber technologies to lead IPO wave in U.S. in 2017
Although IPOs in the U.S. fell by more than a third in 2016, compared to 2015, the IPO scene is set to get a boost now that the uncertainty of the presidential elections is over. Fueled by a stronger economic… Read More ›