Kenvue Inc., the consumer products spinoff from Johnson & Johnson JNJ, +1.00%, has grown the roster of banks underwriting its initial public offering beyond the two original leads . Goldman Sachs ...
Tag: Initial Public Offerings
Silicon Valley Confronts the End of Growth. It’s a New Era for Tech Stocks.
Silicon Valley could use a reboot. The biggest players aren’t growing, and more than a few are seeing sharp revenue declines. Regulators seem opposed to every proposed merger, while legislators push f...
In Tech’s New World, Layoffs and Buybacks Are In, Mergers Are Out
Silicon Valley could use a reboot. The biggest players aren’t growing, and more than a few are seeing sharp revenue declines. Regulators seem opposed to every proposed merger, while legislators push f...
China Sets New Rules for Overseas IPOs. What It Means for DiDi, Alibaba, and Others.
China has announced new rules on overseas IPOs, potentially sparking the resumption of Chinese companies listing in New York. Under the new rules, the China Securities Regulatory Commission (CSRC) wil...
China Sets New Overseas IPO Rules. What It Means for DiDi, Alibaba and Others.
China has announced new rules on overseas IPOs, potentially sparking the resumption of Chinese companies listing in New York. Under the new rules, the China Securities Regulatory Commission (CSRC) wil...
SoftBank Plans Arm Holdings IPO in 2023
One strange twist in the current obsession with artificial intelligence is the trauma afflicting one of AI’s biggest fans—SoftBank CEO Masayoshi Son. In 2017, Son launched the world’s largest-ever ven...
Blank check company Pono Capital to close acquisition of Japanese flying bike maker, with stock to trade this week: Bloomberg
Pono Capital Corp. PONO, -29.84% will close its previously announced acquisition of Japanese flying motorbike maker ALI Technologies Inc., as early as Friday for trading on the Nasdaq, Bloomberg repor...
Amazon expected to post first unprofitable year since 2014 and worst loss since the dot-com bust
Amazon.com Inc. is expected to reveal this week its first unprofitable year since 2014 and the worst year for its bottom line since 2000 — and expectations for this year aren’t headed in a positive di...
Tech’s Bill Is Coming Due. Investors Aren’t the Only Ones Who Will Pay.
For two years now, tech companies have spent massive amounts of money building the capacity to serve what they believed would be a higher level of postpandemic demand. If you build it, they will come....
Alibaba shares rise in Hong Kong after Jack Ma cedes control of Ant Group
Shares of Alibaba Group Holdings are higher following news that co-founder Jack Ma is ceding control of affiliate company Ant Group Co., potentially paving the way to revive plans for an initial publi...
The 2022 IPO Market: A Dearth of Volumes and Names
Investment bankers had a brutal year. One big reason: a dearth of initial public offerings. Thirty-seven companies went public in 2022 and raised a mere $7 billion, the lowest amount of IPO proceeds s...
Mobileye Prices IPO At $21, Just Above the Expected Range
Mobileye Global priced its initial public offering at $21 a share late Tuesday, raising about $800 million. The offering values the maker of self-driving car systems at about $17 billion. The $21 deal...
Mobileye prices IPO above targeted range to raise nearly $1 billion, and most of it will go to Intel
Mobileye Global Inc. priced its initial public offering higher than its targeted range late Tuesday to raise nearly $1 billion, most of which will go to Intel Corp. Mobileye priced its initial public ...
Goldman CEO Frustrated by Stock Price, Says Most Staff in Office Every Day
Goldman Sachs Group CEO David Solomon expressed some frustration with the valuation of the company’s stock, noting that it generally has traded a premium to book value since its IPO in 1999. “Would I ...
Electric-Vehicle Makers and Suppliers Drive Into a Stormy IPO Market
Updated Oct. 8, 2022 5:33 am ET Listen to article (2 minutes) Electric-vehicle makers in Asia and the companies that supply them are rushing to capital markets to raise money, as they try to take adva...
Porsche stock continues to climb after IPO
Shares in luxury automaker Porsche rose as much as 6% on Thursday, taking its gains to nearly 13% since its launch on the Frankfurt Stock Exchange in Germany last week. Porsche’s P911, +3.37% preferen...
Poshmark to Sell Itself for Less Than Half Its IPO Price to Korea’s Naver
Listen to article (2 minutes) Poshmark has agreed to sell itself in a deal that values the social shopping marketplace at less than half the price where it went public in early 2021. South Korean inte...
Intel files for Mobileye IPO, creating share structure that keeps it in control
After nearly a year’s wait, Mobileye is on the highway to Wall Street. Intel Corp. INTC, -2.31% -owned Mobileye Global Inc. launched its drive to an initial public offering in a Securities and Exchang...
Porsche Stock Rises After IPO Raises $9.2 Billion
Porsche rose about 4% Thursday to €86 a share in the stock’s trading debut on the Frankfurt stock exchange. The much anticipated Porsche initial public offering raised about €9.4 billion ($9.2 billion...
Porsche Stock Pops in First Day of Trading and Volkswagen Drops. Here’s Why.
Sometimes markets can be funny. Porsche stock was rising while Volkswagen which owns most of Porsche stock, was falling. That reaction is likely to confuse some investors. The IPO of Dr Ing HC F Porsc...
Porsche Is Sued by a U.S. Dealership Ahead of the Sportscar Maker’s IPO
Text size Porsche’s U.S. sales declined from a year earlier in the first half of 2022. Allison Dinner/Getty Images A South Florida dealership is suing Porsche, just ahead of an initial public of...
Buy Volkswagen Stock. Porsche’s IPO Could Unlock Value at the Emerging Tesla Challenger.
A successful Porsche IPO could unlock value at Volkswagen, an emerging Tesla rival. Here, a 2022 Porsche Taycan GTS Hockenheimring edition is being painted. Porsche Text size With the exception of Tes...
Volkswagen Is One of the Cheapest Stocks. A Porsche IPO Could Change That.
A successful Porsche IPO could unlock value at Volkswagen, an emerging Tesla rival. Here, a 2022 Porsche Taycan GTS Hockenheimring edition is being painted. Porsche Text size With the exception of Tes...
UiPath stock drops 15% after outlook cut
UiPath Inc. shares dropped in the extended session Tuesday after the “software robot” provider reduced its forecast for the year due to foreign currency headwinds and macroeconomic uncertainty. UiPath...
Porsche Family to Acquire More Than 25% of the Car Maker as IPO Nears
BERLIN—Volkswagen AG largest shareholder, Porsche Automobil Holding SE said it would acquire 25% plus one additional share of the voting stock in Porsche AG when VW lists the sports-car brand, which c...
Porsche Could Be Worth as Much as All of Volkswagen in an IPO
Text size An IPO of the Volkswagen-controlled Porsche brand could come in September. Porsche Porsche’s initial public offering is getting close. It’s going to be big. Friday, Bloomberg reported that P...
Weber stock enjoys best day ever as traders bet on it being the next meme stock
Weber Inc. shares enjoyed their biggest daily bounce ever Thursday, on record volume, as investors seemed to bet on the grill maker becoming the next meme stock. Weber WEBR, -6.20% shares finished the...
China’s GigaCloud Goes Public in U.S., Bucking Delisting Trend
E-commerce company GigaCloud Technology made its debut on the Nasdaq Stock Market on Thursday, a rare instance of an initial public offering by a Chinese company in the U.S. as the two countries head ...
AMTD Digital is worth more than 480 of the S&P 500 companies after stock rockets over 3,000% in 7 days
Early investors in AMTD Digital Inc. have basically won the lottery, as the Hong Kong-based digital business developer’s stock has zoomed 3,165% higher over the past seven days. The stock HKD, -30.89%...
Jack Ma Plans to Cede Control of Ant Group
HONG KONG—Billionaire Jack Ma plans to relinquish control of Ant Group Co., people familiar with the matter said, part of the fintech giant’s effort to move away from affiliate Alibaba Group Holding a...
Uber and 10 Other ‘Busted IPOs’ That Could Still Have Value
Text size Of the top five 2021 IPOs ranked by size, all are in the red versus original offering prices, including Rivian Automotive. Justin Sullivan/Getty Images Investors often clamor for access to b...
Intel earnings: Layoffs and margin pressure could overshadow Mobileye IPO
Intel Corp. must contend this week with an earnings report that notably lacked a formal pre-announcement, a bleaker-than-expected PC market and rumored layoffs, which will likely overshadow the initia...