Thursday, January 20th, 2022

Tag: IPO

SenseTime delays its IPO after being hit by another US blacklist

The Chinese artificial intelligence startup announced Monday that it would delay its initial public offering in Hong Kong, where it had planned to raise up to $767 million. It was set to start trading...

Potential $100 billion Porsche IPO being considered by parent VW, report says

HAMBURG — Volkswagen Group is still exploring a possible initial public offering of its luxury brand Porsche as a way to fund its costly shift towards software and electric vehicles, two people familiar with...

NetEase’s launches $500 million Hong Kong IPO for its music business

Cloud Village, the music streaming arm of NetEase runs the NetEase Cloud Music app which is displayed on a smartphone in this photo. Fan Jianlei | Visual China Group | Getty Images GUANGZHOU, China...

Authentic Brands shelves IPO, to sell $12.7 billion stake to investors

Jamie Salter, chairman and chief executive of Authentic Brands Group LLC. Norm Betts | Bloomberg | Getty Images Retail conglomerate Authentic Brands Group plans to shelve a planned initial public offering and instead sell...

German space lasers company Mynaric CEO talks Nasdaq IPO, plans for growth

A rendering of the company’s laser communications system on satellites in orbit. Mynaric German laser communications company Mynaric listed on the Nasdaq in the past week and CEO Bulent Altan, a former SpaceX executive,...

Chobani files to go public through IPO as its yogurt sales rise

Packages of Chobani yogurt sit on the shelf at a grocery store July 7, 2021 in Washington, DC. Drew Angerer | Getty Images Yogurt and oat milk maker Chobani on Wednesday filed to go...

Backblaze IPO takes opposite approach to Rivian, going public small

Gleb Budman, co-founder and CEO of Backblaze, center, appears in New York for the company’s Nasdaq debut on Nov. 11, 2021. Source: Backblaze Electric-vehicle maker Rivian Automotive, which has almost no revenue, dominated the...

Rivian founder R.J. Scaringe is worth $2.2 billion after company’s IPO

After its first two days of trading in 2010, electric vehicle maker Tesla had a market cap of just over $2 billion. R.J. Scaringe, the CEO of EV manufacturer Rivian, is worth that much...

Rivian IPO: How EV truck maker will use cash

Rivian’s initial public offering on Wednesday infused its ledger with nearly $12 billion, boosting the electric truck startup’s cash cushion to roughly $16 billion. After rising 29 percent in its first day of trading...

Indonesia’s GoTo Group raises $1.3 billion ahead of IPO plans

Gojek riders wait for their delivery orders at a distribution centre in Surabaya, Indonesia on May 17, 2021. Juni Kriswanto | AFP | Getty Images Indonesia’s GoTo Group has secured $1.3 billion from investors...