IPO
Nvidia gives an upbeat revenue forecast
Nvidia Corp has forecast current-quarter revenue above analysts’ estimates, banking on strong demand for data centers.
Third Point sees more value in Amazon, likes some ‘old’ tech stocks
Hedge fund Third Point LLC said it added new positions and bulked up on names it already owned when markets sold off earlier this year and said that Amazon is at an “inflecti...
SoftBank’s sale of Arm to Nvidia to collapse?
SoftBank Group Corp’s sale of Arm Ltd to US chipmaker Nvidia Corp has collapsed, a source familiar with the matter told journalists, adding that Arm will plan for an IPO.
Source: Reddit taps Morgan Stanley, Goldman Sachs for IPO
Reddit, whose message boards became central to meme stock trading frenzy in 2021, is tapping Wall Street banks Morgan Stanley and Goldman Sachs for its IPO, a source familiar with ...
Reddit jumps on IPO bandwagon with confidential filing
Reddit Inc, whose message boards became the go-to destination for day traders during this year’s meme stock frenzy, has said it had confidentially filed for an initial public...
FT reports the US is to add 8 Chinese companies to investment blacklist
The United States will add eight Chinese companies, including the world’s largest commercial drone manufacturer DJI Technology Co Ltd, to an investment blacklist this week, the Fin...
Didi’s New York exit a further blow to Chinese listings in US
Ride-hailing giant Didi Global’s plan to withdraw from the New York stock exchange may create an even deeper chill after this year’s drop-off in Chinese firms’ li...
Skies darken for Indian IPOs after Paytm’s disappointing debut
Paytm’s dismal stock market debut this week is likely to put a damper on future offerings after the IPO of the digital payments firm ranked among the worst-performing in Indi...
China regulator proposes cybersecurity review for some Hong Kong IPOs
China’s cyberspace regulator has proposed requiring companies pursuing share listings in Hong Kong to apply for cybersecurity inspections if they handle data that concerns na...
Paytm’s $2.5 billion IPO mints new millionaires in India
Indian electronics engineer Siddharth Pandey will become a millionaire after the country’s biggest ever public issue, but he says he had to overcome his father’s opposi...
SoftBank dragged into red by falling Vision Fund valuations
SoftBank Group Corp reported a 397 billion yen (approximately $3.5 billion) net loss for the July-September quarter, dragged down by a $10 billion investment loss at its Vision Fun...
Delivery app Rappi says no action taken yet on eventual IPO
Delivery app Rappi has said it had not yet taken any action regarding an initial public offering, after media quoted its co-founder saying it would prepare listing paperwork in the...
Robinhood expands offering that allows retail investors to buy into IPOs
Online brokerage Robinhood Markets Inc has said it would allow companies issuing shares through its IPO Access platform to set aside some stock for members of the public with ties ...
Online learning firm Udemy valued at $3.7 billion in tepid Nasdaq debut
Online learning company Udemy Inc, which has grown rapidly over the past year due to a surge in demand for online learning, was valued at $3.7 billion after its shares opened 7% be...
Robinhood shares drop below IPO price in after-market trading on crypto slowdown
Robinhood Markets Inc’s shares fell below their initial public offering price in after-hours trading after the retail broker reported softer revenue than expected for the thi...