IPO

Popular social media platform, Reddit Inc., and its investors are reportedly targeting a substantial $748 million in an upcoming initial public offering (IPO), which could rank among the year's largest. As Bloomberg reported on Thursday, Reddit plans to sell 22 million shares, each priced...

Key Takeaways: Premium tea chain Auntea Jenny has filed to list in Hong Kong, reporting its profit nearly tripled in the first three quarters of last year to 320 million yuan  The company uses a franchise business model, similar to many of its peers that have also filed for similar recent...

Key Takeaways: Chabaidao’s revenue grew 34.8% to 5.7 billion yuan in 2023, as the company has been consistently profitable over the last three years The premium tea chain operator plans to keep growing through greater penetration in lower-tier cities, expanding overseas and by diversifying...

Alibaba Group Holding Ltd (NYSE:BABA) co-founder Joe Tsai expressed optimism about the company’s future despite recent setbacks. What Happened: Tsai acknowledged the challenges Alibaba has faced in recent times. These include internal changes, the cancellation of a cloud computing IPO, and...

Reddit's recent strategic move to invest in Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) has not just made headlines but has also ignited a fiery debate across its own vast network of forums. What Happened: Following the announcement of Reddit's investment in cryptocurrencies, the...

For a long time, going public has been a “badge of honor” for numerous startup founders, and a synonym of prestige and validation in most innovation ecosystems. This stands true, even if M&A exits have gradually become more appealing and occur more frequently than public listings....

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) backed Cohesity has agreed to the acquisition of the data protection business of Veritas Technologies LLC. The deal is valued at $3 billion, creating a combined entity worth $7 billion. What Happened: Cohesity, a U.S.-based data security software company...

Alibaba Group Holding Ltd (NYSE:BABA) has decided to put the initial public offerings (IPOs) of its logistics arm Cainiao Smart Logistics and brick-and-mortar chain Freshippo on hold due to challenging market conditions. What Happened: Alibaba’s Chairman Joe Tsai announced the decision during...

In a recent episode of CNBC’s “Mad Money,” host Jim Cramer warned investors to stay away from the initial public offering (IPO) of Amer Sports, citing the company’s “less than ideal” balance sheet. What Happened: Amer Sports, the parent company of renowned sports...

Volkswagen AG (OTC:VWAGY) has decided to postpone the sale of a stake in its battery unit and its initial public offering (IPO) due to a slowdown in the electric vehicle (EV) market. What Happened: The German automaker has put discussions with potential investors on hold and is no longer...

Online social platform, Reddit, is reportedly being encouraged by potential investors to aim for a valuation exceeding $5 billion in its impending initial public offering (IPO). As per a report from Bloomberg on Sunday, Reddit could go public as soon as March. The success of the IPO, however, will...

The highly anticipated initial public offering (IPO) of Shein, a global online fashion giant, is facing a significant setback as investors are struggling to sell shares at a 30% discount in private market deals. What Happened: Investors are finding it challenging to offload Shein shares in private...

Amer Sports Inc., the company behind Wilson tennis rackets and Salomon ski boots, is reportedly contemplating a U.S. initial public offering (IPO) that could fetch as much as $1.8 billion. As per Bloomberg’s sources-based report on Monday, the company might market...

Notorious for guiding the world’s most volatile IPOs in 2022, brokerage firm Network 1 Financial Securities Inc. is gearing up to usher a new group of microcap companies into the U.S. exchanges. What Happened: The Red Bank, New Jersey-based firm is set to underwrite for Epsium Enterprise Ltd...

Ripple (CRYPTO: XRP) CEO Brad Garlinghouse criticized Securities and Exchange Commission (SEC) Chair Gary Gensler, characterizing his position on crypto regulation as rigid and counterproductive. What Happened: Speaking at the World Economic Forum in Davos, Garlinghouse told CNBC on Jan. 16 that...