With Netflix Inc’s shares touching a new low last Thursday, William Ackman has built a new stake worth $1 billion in the streaming service company. In a message to investors, Ackman said his hedge fund, Pershing Square Capital Management, had… Read More ›
On Tuesday, in a statement Sezzle Inc said, it is in talks larger Australian rival Zip Co Ltd which aims to acquire it for an undisclosed amount. With the news reaching the market, shares of the buy-now-pay-later company soared by… Read More ›
According to a report from the Wall Street Journal citing a source familiar with the matter at hand, the London Stock Exchange Group has proposed a special market for private companies to trade their shares publicly on the exchange on… Read More ›
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 ›
South Korean battery maker LG Energy Solution has opened its books for an initial public offering in the country with an aim to raise up to $10.8 billion in what is South Korea’s biggest IPO. LG Energy’s shares will be… Read More ›
China Evergrande Group’s shares tumbled on Thursday after the crisis-hit real estate developer failed to pay offshore coupons due earlier this week. Evergrande, whose $19 billion in international bonds are in cross-default after missing a deadline to pay coupons earlier… Read More ›
In a significant development the SEC has torpedoed two proposals which aimed to offer bitcoin exchange-traded funds, dealing a blow to market participants who had hoped the regulator would have approved the given the deal a green light since it… Read More ›
In a statement Social media giant Reddit said, it had filed a confidential proposed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). Reddit, known for its message boards that became the go-to destination for… Read More ›
According to two sources familiar with the matter at hand, LG Energy Solution (LGES) is likely to place its IPO at the top of its indicative range at around $11 billion. Institutional investors are betting heavily on booming demand for… Read More ›
According to two sources with direct knowledge of the matter at hand, Chinese artificial intelligence startup SenseTime Group is in talks with officials of the Hong Kong Stock Exchange regarding the fate of its $767 million planned IPO in Hong… Read More ›
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