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Thursday, June 20, 2019

Tag: IPO

Saudi Arabia committed to Aramco IPO

Saudi Arabia plans to sell up to 5% of the world's largest energy firm and hopes to raise up to US$100 billion.

Volkswagen values truck unit at up to US$18.6 bln in IPO

The base offer will be 50 million shares with a possible over-allotment of as many as 7.5 million shares.

Wall Street is lending billions to China’s Tech Unicorns

Loans appeal to Chinese unicorns because they can be arranged quickly with few public disclosures.

India’s Airtel seeks US$750 milllion from Africa unit’s IPO

The planned IPO of Airtel Africa is aimed at reducing its debt pile of more than US$16 billion.

Goldman Sachs to test Saudi rules to limit stock swings post...

Goldman Sachs may sell additional shares or take other actions to support the Arabian Centres shares once they list.

Beyond Meat feeding frenzy pushes value above US$5 billion

The stock rose another 8% on Thursday giving the company a market valuation of US$5.5 billion.

WeWork posts US$264 million quarterly loss as it expands globally

WeWork would probably be the second-biggest if it goes public this year as expected.

Uber shares decline for second day in US pre-market

The share slump reflects investor skepticism about the size of the ride-hailing market.

Bubble tea chain said to seek RM300 million IPO next year

People with knowledge of the matter say the firm is considering seeking a valuation of as much as RM1 billion and targets a listing next year.

SoftBank’s market value slides US$9 billion as Uber IPO flops

Son has been remaking SoftBank Group from primarily a telecommunications operator into a technology investment firm.

Uber slips below US$70 billion valuation on first day trades

The deflated debut cast a pall over 2019’s prospects as the hottest year for tech listings this decade.

Uber raises US$8.1 bln in IPO priced near bottom of range

Uber sells 180 million shares for US$45 each, having marketed them for US$44 to US$50 apiece.

What Uber’s IPO tells us about SoftBank’s big ride-hailing bet

One analyst crunched the numbers to find plenty of promise: He figures Masayoshi Son has already made close to US$9 billion on paper.

Lyft tries to assure investors that losses will drop in 2020

Lyft anticipates sales of US$3.28 billion to US$3.3 billion for 2019, which is above estimates.

Strike set for rideshare drivers, casting shadow on Uber IPO

The app drivers are seeking improved job security and a better revenue split between the drivers and platforms.

Beyond Meat, Lyft shares slide as mood on street slaps recent...

If the mood doesn’t change soon, it may bode ill for Uber Technologies Inc when its IPO launches on Thursday.

Bharti to kick off IPO of US$5 billion Africa arm in...

The IPO could be one of the biggest this year in London.

SoftBank planning IPO of US$100 bln Vision Fund

SoftBank is in talks with Oman for an investment in the fund, which has raised nearly all of its funding so far from Saudi Arabia and Abu Dhabi.

Vegan burger maker Beyond Meat sizzles in market debut

The company intends to use a bulk of its IPO proceeds for research and development, as well as building manufacturing facilities.

Uber IPO is said to be oversubscribed by day two of...

Uber kicks off its IPO roadshow in London with stops in New York, Boston and San Francisco scheduled.

WeWork files for IPO

WeWork is banking on its listing to further its expansion plans.

Saudi mall owner seeks US$836 mln from initial share sale

This would be the biggest IPO in the middle eastern country since 2014.

Uber eyes US$90 billion IPO valuation

The ride-hailing company is planning to start marketing shares to potential investors in a price range of about US$44 to US$50 each.

Walmart is said to explore options for Asda including IPO

Asda, which Walmart bought in 1999, has been one of the US giant’s best international acquisitions.