Days after announcing tripling of profits, SoftBank market value slides $9 billion as Uber IPO flops
Last Thursday, as his company booked a $3.8 billion gain from its stake in Uber Technologies Inc., Masayoshi Son told SoftBank Group Corp. investors that their time had finally come. Instead, they're still waiting. The day after Son's earnings presentation, SoftBank slid 5.4 percent and ...
All eyes on Uber's second day of trading after debut flop amid Trump trade war and Lyft's drag
Uber's bruised investors have had the weekend to prep for what looks like a rough Monday for markets, partly because the escalation of President Donald Trump's tariff spat with China is set to hammer sentiment. Shares of Uber Technologies Inc. resume trading Monday 7.6 percent ...
Weak Uber market debut augurs poorly for other Silicon Valley unicorns
Uber Technologies Inc.'s conservative initial public offering could not keep its shares from sinking in their trading debut on Friday, fueling debate on Wall Street over whether the outcome of the most anticipated listing since Facebook would weigh on other Silicon Valley unicorns. Uber considered ...
SoftBank said to be considering IPO for $100 billion Vision Fund
If pursued, an IPO would give investors in the fund a way to cash out part or all of their stakes.
SoftBank, Toyota and Denso invest $1 billion to pump up Uber's self-driving unit ahead of IPO
The bet by the three-way Japanese consortium gives Advanced Technologies Group a valuation of $7.25 billion on the eve of its public offering.
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 ...
Rakuten's Hiroshi Mikitani set to be big winner in Lyft's impending initial public offering
A Japanese retail billionaire, rather than a Silicon Valley wunderkind, is the biggest beneficiary of Lyft Inc.'s impending initial public offering. Hiroshi 'Mickey' Mikitani's e-commerce group Rakuten Inc. owns 13.1 percent of the ride-hailing company, offering documents show. That would be worth more than $2.9 ...
SoftBank sticks to IPO price despite market drop and network outage
SoftBank Group Corp. set the final price for the ¥2.65 trillion initial public offering of its Japanese telecom business at its original target, underscoring its confidence in judging demand as it deals with fallout from a major network outage and a global stocks rout. The ...
SoftBank mobile services disrupted ahead of bumper IPO, sending shares downward
SoftBank Group Corp. apologized Thursday for disruption of its mobile phone services, saying they were fully recovered by 6:04 p.m. the same day, the cell phone operator said Thursday in a statement. The problem came less than two weeks before the telecommunication giant's mobile unit, ...
New York trader pleads guilty to paying thousands in bribes for lucrative IPO tips
A New York stock trader pleaded guilty to paying thousands of dollars in cash bribes to a broker at an investment banking firm in exchange for preferential access to lucrative IPOs, New Jersey U.S. Attorney Craig Carpenito said.Adam Rentzer, 52, of Roslyn, New York, ...
SoftBank Group Corp. is considering seeking a valuation of about $90 billion for its domestic wireless business in a planned initial public offering, according to sources. SoftBank is speaking to advisers about selling a third — or about $30 billion — of the business in ...
SoftBank Group Corp. said Wednesday that it wants to list its Japanese telecoms unit this year, a move toward completing its transformation from a domestic telecoms upstart into one of the world's biggest technology investors. SoftBank hopes to list shares of its core Japanese telecoms ...
