IPO
Tech ‘capitulation’: BofA top banker Rick Sherlund predicts breakout in mergers due to troubled economic climate
Mergers in software program may well be about to split out. Leading expenditure banker Rick Sherlund of Bank of The usa sees a wave of struggling providers placing on their own up for sale at much less expensive costs owing to the economic downturn. “You do want to see greater capitulation,” the firm’s vice chair […]
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Volkswagen to make your mind up on landmark Porsche listing later on Monday
A Porsche 911 Carrera 4S stands in the evening light-weight in a push-in cinema on the circuit of the Leipzig Porsche manufacturing facility. Jan Woitas | picture alliance by means of Getty Photographs Volkswagen’s leadership will satisfy later on Monday to come to a decision on irrespective of whether to move forward with the significantly-predicted listing […]
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UAE hospital group Burjeel posts record full-year revenues ahead of a potential IPO
Talk of a potential listing for Burjeel Holdings comes as the Emirates benefits from a Middle East IPO boom, with Abu Dhabi and Dubai taking several government entities public this year. Bloomberg | Bloomberg | Getty Images DUBAI, United Arab Emirates — Indian billionaire Shamsheer Vayalil is accelerating plans to take Burjeel Holdings public after […]
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FaZe Clan goes public in $725 million SPAC, a market bet on Gen Z and the creator economy
Digital entertainment and esports brand FaZe Clan is being listed on the Nasdaq Wednesday after completing a SPAC merger in a deal valued at $725 million, a big step for creator economy companies to be publicly traded. FaZe Clan is an online media company made up of 93 members, consisting primarily of esports competitors and […]
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SoftBank reportedly pauses plan for Arm’s London listing
SoftBank has stopped working on a London initial public offering for chip designer Arm because of political upheaval in the British government, the Financial Times reported. Akio Kon | Bloomberg | Getty Images SoftBank has stopped working on a London initial public offering for chip designer Arm because of political upheaval in the British government, […]
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Chinese fast-fashion company Shein seeks U.S. IPO as soon as 2024, report says
Two people hold two Shein bags after entering SHEIN’s first physical store in Madrid, Spain, June 2, 2022. Cezaro De Luca | Europa Press | Getty Images Chinese fast-fashion giant Shein hopes to do an initial public offering in the United States as soon as 2024, according to a report from Bloomberg, which cited people […]
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Electrode maker De Nora ‘not scared’ about volatility as it braves IPO
De Nora was founded in 1923 and specializes in electrode and water treatment technologies. Pavlo Gonchar | Lightrocket | Getty Images The CEO of electrode maker Industrie De Nora says it is “not scared” about the current market turbulence as it braves an IPO this week. The initial public offering was priced at 13.50 euros […]
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Sequoia says it is optimistic about Southeast Asia’s start-ups despite challenging market
Venture capital firm Sequoia is still “quite optimistic” about long-term prospects for start-ups, despite the recent market volatility. “This is a particularly challenging market for founders to get started,” Abheek Anand, managing director of Sequoia Southeast Asia, told CNBC’s “Squawk Box Asia” on Wednesday. When asked about the firm’s outlook for Southeast Asia’s start-ups, Anand […]
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SpaceX CEO Elon Musk says an IPO of Starlink satellite internet business is still ‘3 or 4 years’ away
SpaceX CEO Elon Musk stands at the base of a Starship rocket prototype at the company’s facility in Boca Chica, Texas. Steve Jurvetson on flickr Elon Musk last week told SpaceX employees the company isn’t likely to take its Starlink satellite internet business public until 2025 or later, CNBC has learned, extending the estimated timeline […]
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Southeast Asia’s e-commerce market is still in its ‘opening act,’ says venture capital firm
Southeast Asia’s e-commerce ecosystem is still at a “very, very nascent stage” and many more business models and companies will be formed in the region, said the founding partner of a venture capital firm. “We’re talking about single-digit digital penetration, as compared to the overall commerce penetration,” Amit Anand of Jungle Ventures, a Southeast Asian […]
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