Volkswagen pulls truck unit IPO in setback to CEO's revamp

Business Mar 14, 2019

Volkswagen pulls truck unit IPO in setback to CEO's revamp

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

Business / Financial Markets Mar 2, 2019

Rakuten's Hiroshi Mikitani set to be big winner in Lyft's impending initial public offering

by Devon Pendleton, Tom Metcalf and Anders Melin

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 chief Masayoshi Son eyes telecoms IPO within 2018

Business / Corporate Feb 7, 2018

SoftBank chief Masayoshi Son eyes telecoms IPO within 2018

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 ...