IPO

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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UAE petrochemicals firm Borouge to become latest IPO in a wave of Middle East mega listings
The lure of high dividends has been a major draw for global investors amid a recent wave of mega listings across the Gulf region. Rustam Azmi | Getty Images DUBAI, United Arab Emirates — Petrochemicals business Borouge will list on the Abu Dhabi stock exchange next month, marking the latest in a series of mega public […]
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SoftBank plans to keep majority stake after Arm IPO and wants to list the firm as soon as possible
Masayoshi Son speaks during a joint announcement with Toyota Motor to make new venture to develop mobility services in Tokyo in October 2018. Alessandro Di Ciommo | NurPhoto | Getty Images Japanese tech conglomerate SoftBank intends to keep a majority stake in U.K. chip designer Arm when it lists the company through an initial public […]
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Online grocery delivery platform Instacart confidentially files for IPO in the U.S.
A shopper prepares fill his cart at a Giant supermarket in Washington, DC, April 6, 2020. Evelyn Hockstein/The Washington Post via Getty Images) Grocery delivery platform Instacart said late Wednesday it has filed a draft registration statement with the U.S. Securities and Exchange Commission (SEC), paving the way for the firm to list its shares. […]
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U.S.-listed Chinese EV maker Nio proposes a secondary listing of its shares in Singapore
Nio is planning to list its shares in Singapore. This would be the Chinese electric carmaker’s third listing location, following its IPO in New York and a secondary listing in Hong Kong. Costfoto | Future Publishing | Getty Images Chinese electric carmaker Nio said Friday that it’s planning a secondary share listing in Singapore. Nio, […]
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Chinese ride-hailing giant Didi says U.S. regulator is investigating its $4 billion IPO
Didi said in its annual report that it’s being investigated by the U.S. Securities and Exchange Commission. The SEC opened the probe after Didi’s U.S. IPO last year. Sopa Images | Lightrocket | Getty Images The U.S. Securities and Exchange Commission is investigating Didi after its tarnished initial public offering, adding further pressure on the […]
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Singapore start-up Nium seeks up to $400 million in deals to take on Europe’s crowded fintech market
Europe’s fintech sector is fiercely competitive, with privately-held start-ups worth tens of billions of dollars vying to steal market share from incumbent banks. Oscar Wong | Moment | Getty Images LONDON — Nium, a $2 billion digital payments start-up based out of Singapore, has big plans for its European business. The company, whose software helps […]
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Is the SPAC boom over? Deals in Singapore and Hong Kong appear to be fizzling out
It’s been a slow and cautious start for SPACs that launched in Hong Kong and Singapore in recent months. George Rose | Getty Images, Reuters It’s been a slow and cautious start for SPACs that launched in Hong Kong and Singapore in recent months — in stark contrast to last year’s SPAC boom in the […]
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Shares of Dubai utility DEWA surge in Middle East’s largest IPO since Aramco
A general view of the downtown area in Dubai, United Arab Emirates, December 08, 2021. Satish Kumar | Reuters DUBAI, United Arab Emirates — Shares of DEWA, the Dubai Water and Electricity Authority, surged more than 20% as the giant utility company began trading on the public market Tuesday, marking the first listing of its […]
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