X Japan's Yoshiki investing in cloud computing firm Uhuru, source says
Rock star Yoshiki and software giant Salesforce.com Inc. are backing cloud consulting firm Uhuru Corp. in its next fundraising round, according to a source familiar with the plans. Tokyo-based Uhuru is planning to raise £15 million to £20 million (about ¥2.1 billion to ¥2.8 billion), ...
SoftBank-backed OneConnect sees valuation tumble in U.S. IPO
Ping An Insurance Co.'s OneConnect Financial Technology said Thursday it raised around $312 million in its U.S. initial public offering, valuing the company at around $3.7 billion. OneConnect sold 31.2 million American depositary shares (ADS) at $10 each. Earlier this month, it had aimed to ...
Saudi Aramco priced its long-awaited IPO at the high end of the target range on Thursday, raising $25.6 billion and giving the energy giant a valuation of $1.7 trillion in the world's biggest stock sale. Aramco priced its initial public offering at 32 riyals ($8.53) ...
Chinese e-commerce giant Alibaba Group Holding Inc. made a strong debut on the Hong Kong stock market Tuesday, with its shares trading far above the $176 Hong Kong dollar (¥2,450) offer price. Alibaba, already listed in New York, is raising over $11 billion by issuing ...
SoftBank to go ahead with WeWork stock tender offer this week
SoftBank Group Corp. will this week launch a previously agreed tender offer for as much as $3 billion of WeWork shares, including up to $970 million owned by the office sharing company's cofounder, Adam Neumann, two people familiar with the matter said. The tender offer ...
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 ...
