Saudi Aramco seeks record-setting IPO with value up to $1.7 trillion
Saudi Arabia's state-owned oil giant Aramco announced Sunday it will sell a 1.5 percent stake in the company as it looks to raise as much as $25.6 billion from the sale, potentially becoming the most-valuable initial public offering in history. The newly released figures also ...
WeWork said Friday it will divest from several side businesses and cut jobs as part of a 90-day plan to turn itself around following its botched attempt to sell stock on Wall Street. The office-sharing company will divest from five noncore businesses, including Meetup, the ...
Saudi Arabia pulls out all the stops to ensure Aramco IPO success
Saudi Arabia is pulling out all the stops to ensure the success of Aramco's initial public offering after Crown Prince Mohammed bin Salman finally decided to offer shares in the world's largest oil producer. The kingdom cut taxes on the company for a third time, ...
Some banks dealing with Saudi Aramco IPO say company may be worth $1.5 trillion or even less
Saudi Aramco may be worth as little as $1.5 trillion or even less, well below the target set by the kingdom, according to research sent Sunday to potential investors by the banks involved in the company's initial public offering. The research, according to multiple investors ...
WeWork's startup party ends with some 2,000 jobs on the chopping block
Startup workers often worry that going public means the fun is about to end — quarterly financial reports, disciplined spending, cheaper coffee. At WeWork, not going public may have brought a worse fate. Just three days after withdrawing its registration for an initial public offering, ...
WeWork's parent, The We Co., said Monday it will file to withdraw its initial public offering, a week after the SoftBank-backed office-sharing startup ousted founder Adam Neumann as its chief executive officer. The withdrawal of its IPO prospectus formalizes the end of the New York-based ...
SoftBank is pushing WeWork to postpone its contentious IPO
Executives of WeWork and its largest investor, SoftBank, are discussing whether to shelve plans for an initial public offering of the money-losing co-working company, according to sources with knowledge of the talks. SoftBank is pressing WeWork to postpone the stock offering after investors expressed serious ...
AB InBev keeps Asia IPO hopes alive as Asahi buys Australian unit
Anheuser-Busch InBev NV said in a statement Friday it had agreed to sell its Australian operations to Asahi Group Holdings Ltd. for an enterprise value of 16 billion Australian dollars (¥1.2 trillion), and that it is still considering reviving an initial public offering for ...
The number of initial public offerings in Japan was nearly flat at 41 in the first half of 2019, up one from a year before, Japan Exchange Group Inc. (JPX) said Tuesday. The total amount of money raised by the IPOs decreased by more than ...
Slack valuation hits $21 billion in debut after firm shuns IPO
While a parade of initial public offerings from Silicon Valley have garnered mixed receptions from investors so far this year, Slack Technologies Inc. took a different route Thursday and saw its shares soar as it went public without an IPO. Slack opened at $38.50 on ...
Uber stock set to launch at $45 a share in milestone for 'sharing economy'
Uber is set for its Wall Street debut Friday, with a massive share offering that is a milestone for the ride-hailing industry and the so-called sharing economy but which comes with simmering concerns about its business model. Shares will be priced at $45 for the ...
