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 ...
Uber reportedly poised to declare $3.1 billion deal to acquire Mideast rival Careem this week
Uber Technologies Inc. will announce a $3.1 billion cash-and-shares deal to acquire its Dubai-based rival Careem Networks FZ as early as this week, according to sources with knowledge of the matter. The U.S. ride-hailing giant will pay $1.4 billion in cash and $1.7 billion in ...
Lyft gets the jump on Uber, opens up its IPO road show with plan to offer 30 million shares
Lyft has officially kicked off the road show for its initial public offering, saying it plans to put more than 30 million shares up for sale with an anticipated price of between $62 and $68 each. That would raise more than $2 billion for the ...
Volkswagen AG canceled plans to sell a share of its Traton SE division due to weak market conditions, dealing a setback to the automaker's plan to generate fresh funds for the heavy-truck unit's expansion outside Europe. "We regret that we have to refrain from a ...
Aided by Japan's DBJ, Toshiba Memory plans to go public from September, sources say
Toshiba Memory Corp. plans to go public as soon as September, aided by some ¥300 billion ($2.7 billion) in planned investment from the state-backed Development Bank of Japan (DBJ), sources close to the matter said Thursday. Toshiba Memory, a former chip unit of Toshiba Corp. ...
$2.5 billion blue jeans fortune emerges for Haas family with Levi's IPO plan
Levi's are proving an enduring wardrobe investment for the descendants of the inventor of blue jeans. The Haas family, which traces its lineage to company founder Levi Strauss, owns almost 59 percent of the San Francisco-based apparel maker that filed for an initial public offering ...
Former unit of Toshiba's PC business aims for IPO in 2021 fiscal year
Toshiba Client Solutions Co., a former unit of Toshiba Corp.'s personal computer business that's now owned by Sharp Corp., is aiming for an initial public stock offering during the 2021 business year, company officials said. Toshiba Client Solutions wants to create corporate value that ensures ...
SoftBank Group Corp.'s ¥2.4 trillion ($21 billion) initial public offering for its Japanese telecommunications unit has successfully secured sales for the bulk of its shares to individual investors, sources have said. The lead underwriters, which had set a target of about ¥2 trillion worth of ...
