Intel Corp’s self-driving unit Mobileye on Friday unveiled its filing for a U.S. initial public offering, testing support for a high profile stock debut even as the market for new issues has virtually collapsed. The tech IPO market globally is in the middle of its worst drought in nearly two decades. U.S. listings have raised […]
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Chinese electric vehicle maker Zhejiang Leapmotor Technology is aiming to raise $1.03 billion in a Hong Kong initial public offering (IPO), according to regulatory filings, that would be the largest in the city in 2022. The company is selling 130.82 million shares in the deal that will be sold in a price range of HK$48 […]
SoftBank Group Corp shelved the sale of Arm Ltd to U.S. chipmaker Nvidia Corp due to regulatory hurdles, the companies said, and Arm named a new CEO who it said would help the British firm seek a public listing before March 2023. The cash-and-stock deal was announced in 2020 and would have been worth as […]
Social media platform Reddit Inc, whose message boards became central to meme stock trading frenzy in 2021, is tapping Wall Street banks Morgan Stanley and Goldman Sachs Group for its initial public offering, a source familiar with the matter told Reuters on Friday. Reddit had confidentially filed for an IPO in December and is aiming […]
A week after removing its listing from Hong Kong Stock Exchange, Chinese Artificial Intelligence (AI) startup, SenseTime Group, relaunched its $767 million initial public offering (IPO) on Monday. The company pulled out its offering amidst escalating geopolitical tension between China and the U.S. after Washington accused the firm of creating facial recognition tools to identify […]
The Cyber Administration of China (CAC) uncovered on Sunday a draft rule requiring tech firms listing in Hong Kong Stock Exchange (HKSE) to succumb to a cyber security review for share sales jeopardizing national security. Beijing’s watchdog has played its card in its overdue battle with its tech sector, with a maneuver that will endanger […]
Robinhood Markets Inc. announced Wednesday its latest alteration to its share distribution, allowing firms issuing shares via the IPO Access platform to reserve stock for certain associates to the company, according to Reuters. The trading platform’s Directed Share Programs (DSP), also referred to as “friends and family” offer, delivers workers, consumers, vendors, and various other members […]
Robinhood, the platform that was once the raging crypto trading application, marked on Tuesday shares drop below its initial public offering (IPO) valuation after trading hours as revenues fell with key cryptocurrencies, such as Dogecoin. The trading site is witnessing a change in its winds, as its long trail of investors are holding back their […]
East Africa’s largest telecom operator, MTN Uganda, announced on Monday its initial public offering (IPO) news of selling a 20 percent stake of 4.5 billion shares, setting the stage for the country’s largest IPO to date for the region’s leading telco. The operator’s IPO valuation was approved by the Capital Markets Authority of Uganda (CMA), […]
Saudi Telecoms Company (STC) raised on Wednesday $966 million from its Initial Public Offering (IPO) following completion of the institutional subscription of its subsidiary Arabian Internet and Communications Services Co. Last week, the Kingdom’s state-owned telco set a price for its IPO at the highest rank of an analytical price range for Solutions by STC, […]