Weeks before Didi Global Inc. went public in the U.S., China’s cybersecurity watchdog suggested the Chinese ride-hailing giant delay its initial public offering and urged it to conduct a thorough self-examination of its network security, according to people with knowledge of the matter. But for Didi DIDI, -5.30%, waiting would be problematic.Read More →
With food-at-home in high demand due to the coronavirus pandemic, Albertsons Cos. has filed paperwork to go public. Albertsons ACI, -3.43% began trading on the New York Stock Exchange on Friday under the ticker symbol “ACI.” Shares immediately fell before rising and then ending down 3.4%. Late Thursday, the companyRead More →
© Reuters. FILE PHOTO: Customers leave an Albertsons grocery store with their purchases in Burbank By Joshua Franklin and C Nivedita (Reuters) – Albertsons Cos Inc (N:) saw its shares fall in its New York Stock Exchange debut on Friday, a day after the U.S. supermarket operator downsized its initialRead More →
© Reuters. TOKYO (Reuters) – Toshiba Corp (T:) plans to gradually unwind its 40% stake in Kioxia Holdings after the world’s second-largest flash memory chip firm lists its shares in an IPO later this year, two sources familiar with the matter said on Saturday. The Japanese industrial conglomerate is consideringRead More →
© Reuters. Employees wearing face masks work at a plant of Daimler-BAIC joint venture’s Beijing Benz Automotive Co during a government organised tour of the facility following the outbreak of the coronavirus disease (COVID-19), in Beijing By Zhang Yan and Julie Zhu BEIJING/HONG KONG (Reuters) – Daimler AG (DE:) plansRead More →
After GoPro Inc., the developer of action cameras, went public in 2014, its revenue peaked in 2015 at $1.6 billion. In the four years since then, GoPro investors have never seen sales get back to those levels, and its stock price has fallen about 88% from its market debut. OnRead More →
© Reuters. FILE PHOTO: The logo of Saudi Aramco is seen at Aramco headquarters in Dhahran DUBAI (Reuters) – State-owned oil company Saudi Aramco (SE:) said on Sunday it had exercised its “greenshoe option” to sell an additional 450 million shares, raising the size of its initial public offering (IPO)Read More →
DUBAI (Reuters) – Gulf stocks fell sharply in late afternoon trade on Sunday, with Kuwaiti and Saudi stocks leading losses. Shares of oil giant Aramco (SE:), which listed last month in a record initial public offering (IPO), fell 1.7% to hit the lowest level since it started trading on DecRead More →
By Julie Zhu and Kane Wu HONG KONG (Reuters) – China National Chemical Corp, or ChemChina, has approached Chinese state-backed investors for up to $10 billion in funding as part of a reorganisation of its agrichemicals business ahead of a public float, according to five people familiar with the situation.Read More →
© Reuters. FILE PHOTO: Sign of Saudi Aramco’s IPO is seen during a news conference by the state oil company in Dhahran By Hadeel Al Sayegh, Marwa Rashad and Rania El Gamal DUBAI/RIYADH Reuters) – State-owned oil giant Saudi Aramco’s initial public offering (IPO) will be the biggest in history,Read More →
© Reuters. FILE PHOTO: Amin H. Nasser, president and CEO of Saudi Aramco, speaks during a news conference in Dhahran By Ahmed Hagagy, Tuqa Khalid and Hadeel Al Sayegh DUBAI (Reuters) – Saudi Aramco met investors in Dubai on Sunday to market its initial public offering (IPO), after trying toRead More →
© Reuters. FILE PHOTO: Saudi Aramco logo is pictured at the oil facility in Abqaiq By Saeed Azhar, Hadeel Al Sayegh, Rania El Gamal and Clara Denina DUBAI/LONDON (Reuters) – The army of banks working on Saudi Aramco’s listing will earn combined fees of $90 million or less, according toRead More →
Saudi Aramco said it is aiming for a valuation of $1.6 trillion to $1.7 trillion from the planned initial public offering of the state-owned energy giant, falling well short of the initial $2 trillion targeted by Saudi Crown Prince Mohammed bin Salman in what could still be the world’s biggestRead More →
© Reuters. A Saudi man reads the prospectus of Aramco IPO, in Riyadh By Hadeel Al Sayegh, Saeed Azhar and Rania El Gamal DUBAI (Reuters) – Saudi Aramco is worth up to $1.7 trillion at the price range set by the oil giant on Sunday, below the $2 trillion soughtRead More →
DUBAI (Reuters) – Saudi Aramco does not plan to market its domestic initial public offering (IPO) in the United States, two sources familiar with the matter said. Aramco had said in its IPO prospectus earlier this month that the offering of shares would rely on the 144A rule of theRead More →
(Bloomberg) — Saudi Aramco will allow investors to start bidding for shares in the world’s most-profitable company from Nov. 17. It left potential buyers in the dark about the size of the stake it plans to sell and the pricing range. The Saudi stock exchange rules prohibits the oil giantRead More →
© Reuters. FILE PHOTO: A Saudi Aramco sign at the company’s Abqaiq oil plant By Saeed Azhar, Hadeel Al Sayegh, Aziz El Yaakoubi and Maher Chmaytelli DUBAI (Reuters) – Saudi state oil giant Aramco will sell 0.5% of its shares to individual retail investors and the government will have aRead More →
© Reuters. FILE PHOTO: A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq By Saeed Azhar and Davide Barbuscia DUBAI (Reuters) – Saudi Arabia’s state oil company kick-started its initial public offering (IPO) on Sunday, announcing its intention to list on the domestic bourse as theRead More →
© Reuters. The logo of the Siam Cement Public Company Limited is pictured at its office building in central Bangkok By Anshuman Daga SINGAPORE (Reuters) – Thailand’s Siam Cement Pcl’s (SCG) (BK:) packaging subsidiary is planning a local listing, in a float that is set to raise about $1 billion,Read More →
2/2 © Reuters. The Goldman Sachs company logo is seen in the company’s space on the floor of the NYSE in New York 2/2 By Joshua Franklin and Julie Zhu NEW YORK/HONG KONG (Reuters) – Goldman Sachs Group Inc (NYSE:) said on Tuesday it was reviewing its involvement in MegviiRead More →
Rio Tinto PLC has scrubbed plans for a sale or initial public offering of its Canadian iron-ore unit, following a yearslong effort to unload the business, according to a person familiar with the matter. Rio Tinto RIO, +1.09% RIO, +2.02% RIO, +1.53% has been shopping around its 59% stake inRead More →
Shares of Peloton Interactive Inc. backpedaled on Thursday after the connected-fitness company held its initial public offering amid skepticism about fast-growing tech names. Peloton stock PTON, -11.17% opened at $27, $2 below its IPO price of $29, and headed lower from there to eventually close at $25.76, 11.2% lower thanRead More →
© Reuters. peloton2 By Joshua Franklin NEW YORK (Reuters) – Interactive Inc (O:), the U.S. fitness startup known for on-demand workout programs on its exercise bikes, on Wednesday raised $1.16 billion in its initial public offering after pricing shares at the top end of its target range. The IPO byRead More →
© Reuters. First day of trading of TeamViewer AG in Frankfurt FRANKFURT (Reuters) – Shares in German software company TeamViewer traded flat at their offer price in Frankfurt on Wednesday, their first day of trading, in what is Europe’s biggest stock market debut this year. Shares opened at 26.25 euros,Read More →
© Reuters. FILE PHOTO: Smoke is seen following a fire at an Aramco factory in Abqaiq By Davide Barbuscia, Alex Lawler and Marwa Rashad DUBAI/LONDON/RIYADH (Reuters) – Saudi Arabia is unlikely to list its state-owned oil giant Aramco this year after attacks this month on its facilities, two sources withRead More →
