Ant Group, the Chinese FinTech, reported profits of 9.2 billion yuan ($1.3 billion) in the first fiscal year quarter, Bloomberg News reported. That’s up 560 percent over the same period one year ago. The company contributed 3 billion yuan ($433.7 million) in earnings for its parent company, Alibaba...
Airbnb, the popular vacation rental app, has submitted a draft registration statement for an initial public offering, according to a press release. The submission to the Securities and Exchange Commission doesn’t yet have details on the number of shares to be offered or the price...
Mattress retailer Casper Sleep Inc. hopes to raise $300 million for a blank-check company, as shares of the New York-based firm have fallen by nearly 38 percent since its February debut. On its first day of trading six months ago, the stock closed at $13.50 per...
Online wealth management platform Lufax is the latest to file plans for an IPO in the United States as Chinese firms rush to go public before tough new federal disclosure rules go into effect. A unit of Ping An Insurance Group, Lufax filed confidential paperwork...
To gain riches – go public or stay private and sell to a high bidder? In a stock market that seems to continuously flirt with new highs, the answer seems to be: Aim for the IPO. To that end, as reported earlier this week, BigCommerce, the...
After BigCommerce‘s initial public offering (IPO) last week, the company has seen a massive uptick in its stock, which shot up over 200 percent. But before that, Intuit offered to buy the company for $1.5 billion, a proposal that was rejected, CNBC reported. BigCommerce works...
CuriosityStream, a streaming service that produces documentaries on history, science and technology, is poised to become the latest company to go public through a merger with a special purpose acquisition company, or SPAC. SPACs raise money through IPOs in order to buy startups and other...
Despite a 40 percent decrease in its valuation in three years, Airbnb Inc. is on track to go public in a move that would illustrate a bounce-back in the sinking homesharing sector. The Wall Street Journal reported the San Francisco-based online vacation rental marketplace is planning...
Ucommune, a Chinese rival of co-working space operator WeWork, scrapped a planned U.S. IPO via a document filed on Monday (Aug. 10) with the U.S. Securities and Exchange Commission (SEC). “In light of the current capital markets condition, the Company is considering other alternatives and...
