IPO

Platform News: A visualisation of Bitcoin, digital currency and cryptocurrency

Coinbase listing filing shows surge in revenue amid bitcoin boom

Coinbase, the biggest US cryptocurrency exchange, moved a step closer to listing on the Nasdaq with a filing to go public, revealing that it had swung into profit last year as bitc...

Platform News: China's Alibaba online marketplace

Alibaba beats revenue forecast as Chinese shadow of regulators fall

Alibaba has beaten Wall Street estimates for third-quarter revenue, as its e-commerce business benefited from a switch to online shopping triggered by the global COVID-19 pandemic.

Platform News: Wall Street in New York

Significant tech IPO’s we’re expecting in 2021

Yes, 2020 was a blockbuster year for initial public offerings (IPO) across the global platform economy, with the likes of Snowflake and DoorDash, amongst a myriad of others debutin...

Grab

Southeast Asia’s Grab considering US IPO this year

Southeast Asian ride-hailing and food delivery giant Grab is researching a list in the United States this year, encouraged by strong investor appetite for IPOs, a number of sources...

Roblox

Gaming platform Roblox to delay IPO until next year

Gaming platform Roblox has put off its planned initial public offering (IPO) until next year since it functions with advisers to improve the process to benefit investors and employ...

Platform News: Delivery Services across the world

DoorDash aims to double valuation in much-awaited IPO

DoorDash Inc said on Monday it’s aiming to raise up to $2.8 billion in an IPO, which could double the worth of their US food delivery start-up and also be one of 2020’s...

Platform News: Alibaba online marketplace

Alibaba beats sales forecasts on China e-commerce growth

Alibaba Group beat third quarterly revenue estimates on Thursday, driven by e-commerce expansion after China arose from coronavirus lockdowns, and said it was assessing the suspens...

Platform News: Ant Group and Alipay

China’s Ant Group says it’s a tech business not a bank

Ant Group, about to make the largest public sale of shares ever, introduces a basic conundrum: what kind of business is it – a financial colossus or a tech giant?

Platform News: Ant Group and Alipay

Ant Group IPO sees record $3 trillion in retail demand

Retail investors put bids for a record $3 trillion of stocks in Ant Group’s  initial public offering (IPO), place to be the world’s biggest, as mom-and-pop Realtors sta...

Platform News: Ant Group and Alipay

Ant Group to close Hong Kong institutional book early amid ‘overwhelming’ demand for IPO

Ant Group will close institutional order publications of the Hong Kong part of its record-setting double IPO ahead of schedule as a result of strong demand, sources with direct kno...

Platform Industry: ByteDance China company building

ByteDance in early talks to list Chinese short video app Douyin

TikTok-owner ByteDance is in talks and with investment banks to record its Chinese brief video app Douyin at Hong Kong, based on two people familiar with this situation.

Platform News: Ant Group and Alipay

Jack Ma: Ant Group IPO pricing “history’s largest”

The colossal dual listing for Chinese FinTech Ant Group will be the world’s largest, according to a pricing determined late on Friday, Alibaba founder Jack Ma said over the w...

Platform News: Ant Financial

Ant’s record allocation in Shanghai IPO fuels small investor scramble

Chinese FinTech Ant Group’s move to earmark a record 80% of the Shanghai leg of its $35 billion dual-listing for strategic investors has resulted in a scramble among younger ...

Didi V2X

Didi lines up 2021 IPO in Hong Kong, targets more than $60 billion valuation

China’s leading ride-hailing business Didi Chuxing is considering Hong Kong to get a multibillion-dollar first public offering next year, falling previous aims to list in New...