Initial Public Offerings

Chinese dronemaker DJI makes sweeping cuts in ‘Long March’ reforms

Chinese dronemaker DJI makes sweeping cuts in ‘Long March’ reforms

Published 17/08/2020

SHENZHEN, China (Reuters) - Chinese drone giant SZ DJI Technology Co Ltd has been making sweeping cuts to its global sales and marketing teams as [more…]

K-Pop group BTS’ label Big Hit posts profit as it prepares for IPO

K-Pop group BTS’ label Big Hit posts profit as it prepares for IPO

Published 15/08/2020

(This August 13 story corrects to show that 2019 and 2020 H1 results are based on different accounting standards in paragraph 3, changes percentage change [more…]

Saudi information security firm Elm to acquire Tabadul

Saudi information security firm Elm to acquire Tabadul

Published 09/08/2020

DUBAI (Reuters) - Saudi information security company Elm is to acquire digital services company Tabadul from Saudi Arabia’s sovereign wealth fund, Elm said in a [more…]

Qualtrics float would be ‘win-win’ proposition: SAP CEO

Qualtrics float would be ‘win-win’ proposition: SAP CEO

Published 27/07/2020

BERLIN (Reuters) - SAP’s (SAPG.DE) plans to float online sentiment tracking business Qualtrics would be a “win-win” proposition, CEO Christian Klein said on Monday, as [more…]

SAP picked by Moderna to help distribute COVID-19 vaccine candidate

SAP picked by Moderna to help distribute COVID-19 vaccine candidate

Published 27/07/2020

BERLIN (Reuters) - Business software group SAP (SAPG.DE) has been selected by Moderna (MRNA.O) to help distribute the potential COVID-19 vaccine that the U.S. pharmaceuticals [more…]

Saudi King Salman, 84, admitted to hospital

Saudi King Salman, 84, admitted to hospital

Published 20/07/2020

RIYADH (Reuters) - Saudi Arabia’s 84-year-old ruler, King Salman bin Abdulaziz, has been admitted to hospital in the capital Riyadh, suffering from inflammation of the [more…]

Ackman’s blank check company raises IPO target to $4 billion

Ackman’s blank check company raises IPO target to $4 billion

Published 13/07/2020

(Reuters) - Pershing Square Tontine Holdings Ltd, the blank check company backed by billionaire investor Bill Ackman, has increased the size of its initial public [more…]

Electric car maker Fisker to go public through SPAC deal at $2.9 billion valuation

Electric car maker Fisker to go public through SPAC deal at $2.9 billion valuation

Published 13/07/2020

(Reuters) - Electric car maker Fisker will go public through a merger with a blank check company backed by private equity firm Apollo Global Management [more…]

Uber, Postmates agree on $2.65 billion all-stock deal: Bloomberg News

Uber, Postmates agree on $2.65 billion all-stock deal: Bloomberg News

Published 06/07/2020

(Reuters) - Ride-sharing company Uber Technologies Inc has agreed on a deal to buy food-delivery app Postmates Inc in a $2.65 billion all-stock agreement, Bloomberg [more…]

Online used car seller Vroom raises $467.5 million in upsized U.S. IPO

Online used car seller Vroom raises $467.5 million in upsized U.S. IPO

Published 09/06/2020

(Reuters) - Online used car seller Vroom Inc raised $467.5 million in its U.S. initial public offering, the company said on Monday, as the IPO [more…]