Sen. Marco Rubio, R-Fla., is reportedly asking the Securities and Exchange Commission (SEC) to prevent fast fashion platform Shein from its bid to list publicly in the U.S. market. The senator said the company should be prevented from going public unless it makes additional disclosures about...
Fast-food chain owner Inspire Brands may be nearing an initial public offering (IPO). Private equity firm Roark Capital has talked with potential advisers about a listing of Inspire Brands in late 2024 or 2025, valuing the business at about $20 billion, Bloomberg reported Wednesday (Feb. 14), citing unnamed sources. The...
Electronics/entertainment giant Sony plans to take its financial services unit public next fall. The company announced the partial spin-off of Sony Financial Group (SFGI), a business that includes banking and payment services, as it released quarterly earnings on Wednesday (Feb. 14). “Under the plan, Sony plans to distribute slightly...
This year could mark a recovery for the initial public offering (IPO) market. That’s according to a report by Goldman Sachs, cited Sunday (Feb. 11) by Seeking Alpha. “We expect the US economy will continue to grow, the nominal 2-year UST yield will decline modestly,...
Reddit is reportedly preparing for a potential initial public offering (IPO) in the United States. The social media company and its advisers are expected to unveil the public IPO filing as early as this month, and Reddit has been advised to consider a valuation of at...
So far, 2024 has been something of a mixed bag for high-profile IPOs. The initial public offering (IPO) market flagged in 2022 and 2023, and Wall Street had hoped this year would offer a turnaround. But as Bloomberg News reported Sunday (Feb. 4), two of...
Carmaker Renault canceled plans to take its electric vehicle unit, Ampere, public. The French company said in a Monday (Jan. 29) press release that “current equity market conditions” are not conducive to an initial public offering (IPO). Instead, Renault will continue to fund the development...
Reddit’s potential investors reportedly want the company to seek a $5 billion IPO valuation. That’s according to a report Sunday (Jan. 28) by Bloomberg News, citing sources familiar with the discussions around the social media platform’s planned initial public offering (IPO). In an email to PYMNTS on...
Klarna CEO Sebastian Siemiatkowski said the Swedish FinTech company is considering an initial public offering (IPO) in the United States. It is “very likely” that Klarna will launch a stock market listing in the U.S., although no official dates have been confirmed, Siemiatkowski told BNN Bloomberg, per a Tuesday (Jan....
