Demand for exchange-traded funds that would provide exposure to cryptocurrencies like bitcoin is strong, but regulators will likely wait until the underlying market matures more before approving such products, a panel of securities industry experts said on Fri... More »
When oil giant Saudi Aramco discloses its financials for the first time next year, it must either surprise investors with world record profits or reduce its aspirations for a $2 trillion valuation in its initial public offering (IPO). [IPO-ARMO.SE] More »
ZhongAn Online Property and Casualty Insurance Co Ltd, China's first internet-only insurer, secured Hong Kong stock exchange approval for its planned initial public offering which could raise more than $1 billion, sources with direct knowledge of the deal said... More »
The maker of hit mobile phone game "Angry Birds" is planning an initial public offering to raise around 30 million euros ($36 million) and potentially use its shares to make acquisitions. More »
Hong Kong needs to find new ways to attract so-called new-economy companies to stay competitive, Charles Li, chief executive of bourse operator Hong Kong Exchanges & Clearing Ltd (HKEX) (0388.HK), told Reuters on Tuesday. More »
Hong Kong Exchanges & Clearing Ltd (HKEX) (0388.HK) is still in talks with oil giant Saudi Aramco, with the bourse's planned IPO investment link with China key to clinching the potential listing, Chief Executive Charles Li told Reuters on Tuesday. More »
Spotify said on Thursday it has renewed its global licensing partnership with a third major label, Warner Music Inc, the last big music royalty deal it needs before pushing ahead with a U.S. stock market listing. More »
Egypt's Beltone Financial will launch a $1 billion investment fund in fixed income instruments in September, its chief executive officer told Reuters on Monday. More »
Saudi Arabia favours New York for the main foreign listing of state oil giant Aramco, even though some financial and legal advisers have recommended London as a less problematic and risky option, people familiar with the matter told Reuters. More »
China’s second-largest mobile search engine Sogou, controlled by Sohu.com [SOHU.O] and 45 percent owned by Tencent Holdings [0700.HK], said it will focus on artificial intelligence (AI) as it aims to build a next-generation search engine. More »
FILE PHOTO: Headphones are seen in front of a logo of online music streaming service Spotify in this February 18, 2014 illustration picture. Spotify now has 60 million paying subscribers, adding 10 million subscribers in less than five months, a spokeswoman fo... More »
Razer Inc, a gaming hardware maker backed by Intel Corp and Hong Kong billionaire Li Ka-shing, plans to go public toward the end of October in an IPO that will value the company at up to $5 billion, a person familiar with the deal said on Wednesday. More »
FILE PHOTO: Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama, Bahrain, March 7, 2017. REUTERS/Hamad I Mohammed/File Photo The world might be heading for an oil supply shortage following a steep drop in in... More »
A sign marks the Raytheon offices in Woburn, Massachusetts, U.S. January 25, 2017. REUTERS/Brian Snyder U.S. missile maker Raytheon’s (RTN.N) cybersecurity unit could thrive were it to be listed separately, the head of the unit, Forcepoint, told German busines... More »
The MSCI logo is seen in this June 20, 2017 illustration photo. REUTERS/Thomas White/Illustration MSCI’s decision to add Chinese shares to a key benchmark is a major milestone, but investors say it will be a long and rocky road ahead before the might of the wo... More »
The logo of cable and mobile telecoms company Altice Group is seen during a news conference in Paris, France, March 21, 2017. REUTERS/Philippe Wojazer Altice USA, the cable operator that Netherlands-based Altice NV (ATCA.AS) put together by acquiring Cablevisi... More »
Hwang Kag-gyu, head of Lotte Corporate Innovation Office, speaks during a news conference in Seoul, South Korea, April 3, 2017. REUTERS/Kim Hong-Ji South Korea’s Lotte Group will continue to invest in its China business despite diplomatic tensions over the dep... More »
FILE PHOTO: A Saudi Aramco employee sits near the Saudi Aramco stand at the Middle East Petrotech 2016 in Manama, Bahrain, September 27, 2016. REUTERS/Hamad I Mohammed/File Photo Saudi Arabia is having “serious discussions” with the New York Stock Exchange abo... More »
FILE PHOTO – William Ackman, chief executive of Pershing Square walks on the floor of the New York Stock Exchange, New York, U.S. on November 10, 2015. REUTERS/Brendan McDermid/File Photo Billionaire investor William Ackman’s Pershing Square Holdings Ltd said ... More »
The logo of messaging app Snapchat is seen at a booth at TechFair LA, a technology job fair, in Los Angeles, California, U.S., January 26, 2017. REUTERS/Lucy Nicholson For some millennial investors, loyalty to one of their favorite apps matters more than finan... More »
FILE PHOTO — David Tepper, founder of Apploosa Management, speaks during the Sohn Investment Conference in New York May 4, 2015. REUTERS/Brendan McDermid/File Photo Billionaire investor David Tepper, whose views on markets and stocks are closely watched by oth... More »
Snap cofounders Evan Spiegel (C) and Bobby Murphy ring the opening bell of the New York Stock Exchange with NYSE Group President Thomas Farley. REUTERS/Lucas Jackson Snap Inc’s (SNAP.N) shares ended up 44 percent on their first day of trading as investors floc... More »
A woman protests outside a Snap Inc. office in Venice Beach as locals demonstrate on the street over the company moving into the beach community in Los Angeles, California, U.S. March 2, 2017 . REUTERS/ Lucy Nicholson As shares of California-based Snap Inc (SN... More »
A logo of Toshiba Corp is seen outside an electronics retail store in Tokyo, Japan, February 14, 2017. REUTERS/Toru Hanai Japan’s Toshiba Corp (6502.T) is preparing a potential $2 billion divestment of smart meter group Landis+Gyr, hoping to rake in capital af... More »
Shares of Snap Inc (SNAP.N), the owner of the messaging app Snapchat, closed at $24.48 per share on the New York Stock Exchange on Thursday versus the initial public offering price of $17. More »
A Snapchat sign hangs on the facade of the New York Stock Exchange (NYSE) in New York City, U.S., January 23, 2017. REUTERS/Brendan McDermid/File Photo Snap Inc, owner of popular messaging app Snapchat, will price its initial public offering after the U.S. sto... More »
Snapchat’s owner Snap Inc has worked on a drone that could help users take overhead videos and photographs and then feed that visual data to the company, the New York Times reported on Tuesday. More »
FILE PHOTO: An advertising board (L) showing a Chinese stone lion is pictured near an entrance to the headquarters (R) of China Securities Regulatory Commission (CSRC), in Beijing, China, September 7, 2015. REUTERS/Jason Lee/File Photo China’s securities regul... More »
FILE PHOTO – A portrait of the Snapchat logo in Ventura, California December 21, 2013. REUTERS/Eric Thayer/File Photo Snap Inc, owner of popular messaging app Snapchat, fended off investor skepticism on the second day of its IPO roadshow on Tuesday, betting on... More »
FILE PHOTO: A billboard displays the logo of Snapchat above Times Square in New York March 12, 2015. To match Analysis SNAP-IPO/HARDWARE REUTERS/Lucas Jackson/File Photo Snap Inc, owner of popular messaging app Snapchat, kicked off its first investor roadshow ... More »
FILE PHOTO: Offices in the financial district of Canary Wharf in London, Britain, January 19, 2017. REUTERS/Kevin Coombs/File Photo Rock-bottom interest rates hurt more big European banks in 2016 than in the previous year, but the worst could soon be over with... More »
Liu Shiyu, chairman of the China Securities Regulatory Commission, drinks tea at a news conference on the sidelines of the National People’s Congress (NPC), China’s parliament, in Beijing, China, March 12, 2016. Picture taken March 12, 2016. REUTERS/Jason Lee ... More »
A man enters the Credit Suisse offices in the Manhattan borough of New York City, U.S. July 5, 2016. REUTERS/Brendan McDermid Credit Suisse (CSGN.S) on Tuesday posted a 2.35 billion Swiss franc ($2.34 billion) net loss for the fourth quarter on the back of a U... More »
A billboard displays the logo of Snapchat above Times Square in New York March 12, 2015. REUTERS/Lucas Jackson/File Photo Snap Inc, the secretive technology company that owns the popular messaging service Snapchat, is due to reveal its financials within a week... More »
Oil tanks seen at the Saudi Aramco headquarters during a media tour at Damam city November 11, 2007. REUTERS/ Ali Jarekji/File Photo The first independent audit of Saudi Aramco’s [IPO-ARMO.SE] oil reserves has confirmed the state oil company’s own figures, sou... More »
Xiaomi’s Vice President Hugo Barra looks on in front of the company’s logo during a group interview after the launching ceremony of Redmi Note 3 in Hong Kong, China March 21, 2016. REUTERS/Bobby Yip – RTSBEFO Hugo Barra, the most prominent global executive at ... More »
FILE PHOTO – Joggers run past as the skyline of Singapore’s financial district is seen in the background April 21, 2014. REUTERS/Edgar Su Singapore is set to be 2017’s hottest spot for initial public offerings (IPOs) in tropical Southeast Asia with sales of st... More »
A Singapore Exchange logo sits outside their head office in Singapore April 22, 2015. REUTERS/Edgar Su Singapore Exchange Ltd (SGXL.SI) said it faces challenges from slowing Asian economies after reporting a 5 percent rise in second quarter profit on Thursday,... More »
FILE PHOTO – The Snapchat logo is seen on a banner outside the New York Stock Exchange (NYSE) in New York City, U.S. on November 16, 2016. REUTERS/Brendan McDermid/File Photo This past November, Nasdaq Inc hired a helicopter to film Manhattan’s skyline using S... More »
People walk out of the Bombay Stock Exchange (BSE) building in Mumbai, India, June 29, 2015. REUTERS/Danish Siddiqui/Files Indian stock exchange BSE Ltd’s initial public offering (IPO) of shares next week may raise as much as 12.43 billion rupees ($182 million... More »
File Photo: Michael Lynton, CEO Sony Entertainment and CEO and chairman Sony Pictures Entertainment, speaks during an investors’ conference at the company’s headquarters in Tokyo November 18, 2014. REUTERS/Toru Hanai Sony Entertainment Chief Executive Michael ... More »
The Wall St. sign is seen outside the door to the New York Stock Exchange in New York’s financial district February 4, 2014. REUTERS/Brendan McDermid Social media firm Snap Inc may be the highest profile tech IPO planned for 2017, with the potential to raise b... More »
Arrangement of various world currencies including Chinese Yuan, US Dollar, Euro, British Pound, in this picture illustration taken January 25, 2011. REUTERS/Kacper Pempel/Illustration/File Photo Global equity raising fell by more than a quarter in 2016, data s... More »
U.S. tax accounting software company Avalara Inc has interviewed banks to help prepare for an initial public offering (IPO) that could come in 2017 and value the company at roughly $1 billion, people familiar with the matter said on Friday. More »
Indian generic drugmaker Laurus Labs Ltd’s shares rose as much as 16.36 percent on their market debut on Monday after the company’s initial public offering raised $196.6 million. More »
Chinese photo app and mobile phone maker Meitu Inc is set to launch an up to $735 million initial public offering in Hong Kong, IFR reported on Monday, citing people close to the deal. More »
Cybersecurity company Optiv Security Inc, majority owned by Blackstone Group LP (BX.N), filed with U.S. regulators for an initial public offering of its common stock on Friday. More »
The logo of India’s largest online marketplace Flipkart is seen on a building in Bengaluru, India, April 22, 2015. REUTERS/Abhishek N. Chinnappa/File Photo India’s top e-commerce player Flipkart plans to move into the groceries space and make a renewed push in... More »
The company logo of ZMP Inc. is seen on the body of a Robot Taxi Inc.’s Robot taxi, a self-driving taxi based on a Toyota Estima car body, during an unveiling ceremony in Yokohama, south of Tokyo, Japan, October 1, 2015. REUTERS/Yuya Shino Japanese robotics st... More »
Bain, Apollo and Lone Star have been shortlisted in the sale of building materials maker Xella, a potential 2 billion euro ($2.18 billion) deal, according to several people close to the transaction. More »
Yoghurt by French foods group Danone is seen in this photo illustration shot in Strasbourg, April 15, 2015. REUTERS/Vincent Kessler/File Photo Dutch chemical technology firm Avantium will announce an initial public offering (IPO) this week to fund production o... More »
Sign board of Ant Financial is seen at its office in Hangzhou, Zhejiang Province, China September 21, 2016. REUTERS/John Ruwitch/File Photo Marques More »
People sit outside the New York Stock Exchange (NYSE) during the morning commute in New York City, U.S., September 15, 2016. REUTERS/Brendan McDermid Shares of Nutanix Inc (NTNX.O), an unprofitable but growing provider of enterprise data storage, soared more t... More »
Accounting software maker BlackLine Inc filed for an initial public offering with U.S. securities regulators on Friday, looking to ride on the recent success of technology offerings in a relatively quiet year for IPOs. More »
Swiss biotechnology firm ADIENNE said on Monday it plans to seek a listing on Switzerland’s bourse in an initial public offering. More »
Israeli technology company Shellanoo is planning to raise at least 100 million shekels ($26.5 million) in an initial public offering (IPO) on the Tel Aviv Stock Exchange in late September or October, it said on Sunday. More »
By Elzio Barreto and Steve Garton | HONG KONG HONG KONG The New York Stock Exchange (NYSE) sees technology companies driving a revival in new Asian listings and expects double-digit IPOs through the end of 2017 from the region, the exchange’s global head of ca... More »
TOKYO In delaying its IPO by two years, Japanese messaging app company Line Corp bought time to correct weak financial reporting controls, work on its business plan, bolster staffing – and left billions of dollars on the table as its valuation shriveled. Line’... More »
Ride-hailing service Didi Chuxing, Uber Technologies Inc’s main rival in China, is working toward an initial public offering in the United States that would likely take place in 2018, a person with knowledge of the plan said on Monday. The Apple Inc-backed fir... More »
DHAHRAN, Saudi Arabia Saudi Aramco’s oil production is trending slightly upwards in 2016 because of growth in demand, chief executive Amin Nasser said on Tuesday. The company will expand its capacity in future if that is needed, but for the time being its maxi... More »
DHAHRAN Saudi Aramco is in the final stages of preparing options for its initial public offer of shares before presenting the options soon to its Supreme Council for consideration, chief executive Amin Nasser said on Tuesday. Aramco has a huge team working on ... More »
The lackluster market debut of SecureWorks Corp, the cyber unit of Dell Inc, failed to rally the battered technology U.S. IPO market on Friday, a reminder that Wall Street does not welcome cash-burning companies without profits. “I don’t think it encourages an... More »
LONDON Dozens of journalists at oil-price reporting agency Argus Media are set to become multi-millionaires when a deal to bring an investor onboard goes through later this year, potentially valuing the firm at as much as $1.3 billion. Argus, which makes the b... More »
URAYASU, Japan The head of messaging app service operator Line Corp said on Thursday that it could still seek an initial public offering (IPO), although it put plans for a listing on hold in August. “A listing is still an option,” Chief Executive Officer Takes... More »
ZURICH A slump in investment banking revenues pushed Credit Suisse (CSGN.S) to accelerate its cost-cutting plan as Chief Executive Tidjane Thiam admitted he had been unaware of trading positions that triggered more big writedowns in the first quarter. Switzerl... More »
An obscure corner of the U.S. IPO market is getting a new lease on life as more Wall Street banks and institutional investors turn to blank-check acquisition vehicles, once the domain of only a few underwriters and hedge funds, for better fortunes. These speci... More »
BOSTON An influential group representing top U.S. pension funds on Wednesday urged companies that go public to stop using a maneuver that gives insiders extra control and makes other investors second-class corporate citizens. Members of the Council of Institut... More »
FRANKFURT Volkswagen AG’s (VOWG_p.DE) trucks business may pursue acquisitions or even a public listing, the company said on Monday, only days after the parent company was forced to delay publishing earnings in the wake of a diesel emissions scandal. “We’re kee... More »
Dell Inc’s cybersecurity unit SecureWorks Corp filed for an initial public offering with U.S. regulators on Thursday. SecureWorks named Bank of America Merrill Lynch, Morgan Stanley, Goldman Sachs & Co and JPMorgan among the underwriters to the IPO, according ... More »
SAN FRANCISCOMobile payments company Square Inc set a price range on Friday for its highly anticipated initial public offering that values the company at up to $4.2 billion, a 30 percent discount to its valuation at its last fundraising round. San Francisco-ba... More »
TORONTO Royal Bank of Canada led a rise in the value of Canadian equity issues for the first nine months of 2015, overcoming a slowdown in the third quarter due to increased choppiness in equity markets. Equity financings rose to C$36 billion ($27.23 billion) ... More »
SAN FRANCISCO The much anticipated initial public offering from Silicon Valley payments company Square could take a price hit if its chief executive, Jack Dorsey, takes a second and possibly more demanding job: running Twitter. A distracted CEO juggling two co... More »
SYDNEY A decision by Australia’s biggest tech company, Atlassian, to pursue a $3 billion listing in the United States is a blow to Australia’s ambitions to make technology a driver of the economy, a tech executive said on Monday. Atlassian’s defection comes ju... More »
TORONTO Cheating spouses website AshleyMadison.com, facing hackers’ threats to leak clients’ nude photos and sexual fantasies, said it is heartened by some initial public response that sees the site as a victim. The website’s Canadian parent, Avid Life Media, ... More »
