IPO
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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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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