June 05, 2023
IQ Capital Raises $400 Million for Deep Tech AI Firms
Venture firm IQ Capital has raised $400 million for artificial intelligence (AI) and robotics startups. As City AM reported Monday (June 5), the London-based company says it will use the...
June 04, 2023
Cava Prepares IPO Roadshow Amid Fast-Casual Recovery
Fast casual eatery Cava is reportedly set to begin promoting its initial public offering (IPO). Executives from the Mediterranean-themed restaurant chain plan to begin a roadshow to attract investors as soon as...
June 03, 2023
How to Rent Your Summer Wardrobe
If you can sell your clothes, why can’t you also rent out your clothes? By Rotation, a U.K.-based app, is looking embrace the mindset of consumers who sell their belongings...
June 02, 2023
Restaurants Rethink Loyalty With Brand Partnerships and Creative Rewards
Quick-service restaurant (QSR) giant KFC has become the latest eatery to announce a rewards partnership with a video game company, collaborating with action role-playing game Diablo IV to offer in-game rewards when diners buy chicken sandwiches...
June 02, 2023
FinTech IPO Index Rallies 3.4%, SoFi Soars on Optimism Over...
The FinTech IPO Index’s 3.4% gains were outpaced this week by outsized momentum in names like SoFi, while earnings reports in other holdings continued to impact trading. Shares in SoFi...
June 01, 2023
Report: Fizzling SPAC Wave Leads to Rash of Lawsuits
First came the SPACs. Now come the legal actions. Special purpose acquisition companies (SPACs) were a super-popular method of going public in recent years. But as Bloomberg News reported Thursday...
June 01, 2023
Petco Opens One-Stop Destination for Pet Health and Wellness in...
Petco, where the pets go. That’s the motto the specialty retailer aims to bring to its latest retail development: Petco’s flagship store in Union Square in New York City. The...
May 31, 2023
Report: ByteDance Among Bidders for Wanda Payments Unit
China’s Dailan Wanda Group is reportedly selling its payments business to boost liquidity. The multinational conglomerate has held discussions about the sale with prospective buyers that include TikTok owner ByteDance,...
May 28, 2023
Report: Surf Air to Go Public Via Direct Listing
Private plane operator Surf Air Mobility is reportedly preparing to go public. The Los Angeles-area company’s filing for a direct listing could come as soon as next week, with trading beginning this...