IPO

Investment banking giant Goldman Sachs Group Inc. (NYSE: GS) will not serve as an underwriter for any company's initial public offering that doesn't have at least one "diverse" member on its board. What Happened "Starting on July [1] in the [United States] and Europe, we'...

Keep a close watch on ship finance in 2020. The amount of capital available to shipowners next year will determine vessel capacity growth in the medium term, and thus, future freight rates. In addition, near-term service reliability can hinge on funding access. If shipping companies cannot...

Saudi Arabian Oil Company announced it had raised $25.6 billion in its long-awaited initial public offering on Thursday, Bloomberg reported. What Happened The state-owned oil company, better known as Saudi Aramco, offered 3 billion ordinary shares, which are about 1.5% of its total shares,...

As ride-sharing company and recent initial public offering (IPO) Uber Technologies Inc. (NYSE: UBER) approached the lifting of its “lockup” period early this month, shareholders received an unwelcome splash of cold water when the stock crumbled 17% over just a few days. ...

Logistics real estate developer ESR Cayman (HK: 01821) roared into public life on Friday when it floated on the Hong Kong Stock Exchange. The stock reached a high of HK$18.10, up from the open price of HK$17.60. One Hong Kong dollar was worth 13 U.S. cents at the time of writing. By market close,...

Saudi Aramco, believed to be the world's largest integrated oil and gas company, received approval Sunday from the Saudi Capital Markets Authority to carry out an initial public offering on the local stock exchange. "Today marks a significant milestone in the history of the Company and important...

The We Company, WeWork’s parent company, has set up a special board committee to study financing proposals as a cash crunch looms. What Happened The company is discussing a $5 billion financing rescue from its largest shareholder Softbank Group Corp (OTC: SFTBY), and its principal lender...

Indonesia's Lion Air is in the final stage of preparing to launch an initial public offering (IPO) that has been delayed multiple times.  The airline plans to list before the end of 2019 on the Indonesia Stock Exchange (IDX) in an exercise that aims to raise up to $1 billion, marking the third-...

Pinterest Inc (NYSE: PINS), the not-quite social network, is a fast-growing and nearly profitable platform for online image searches. And its stock price is up 44% since its successful IPO debut in April IPO. And we've seen such success stories quite rarely throughout this year that by no...

Disruptive companies that changed the world we know had raised record funds in private. But things went south when they went public as there was no unlimited demand to tap into. Their disappointing post-IPO performance made it clear that private investors were too optimistic. And there aren't...

Indian low-cost carrier SpiceJet has set sights on an initial public offering (IPO) of its one-year old cargo unit, driven by a burgeoning e-commerce market. SpiceXpress operates cargo services to Hong Kong from Delhi, Kolkata and the northeastern city of Guwahati, as well as domestic services to...

To start the week, a key manufacturing index fell to its lowest level since 2009. Precious metals, including gold, silver and particularly palladium, took it on the chin. Crude oil fell 3% to below where it was before the attack on Saudi oil fields. Despite all that, the stock market rallied Monday...

WeWork yesterday announced that it was filing to withdraw its IPO after major issues with valuation and governance were revealed to the public. With this move, they lose out on $6B in loans they would've received if they'd raised at least $3B in an IPO this year. Its valuation has been...

Spire Global, a satellite-based data and analytics provider, announced that it has received over $40 million in a new round of funding from a number of strategic partners and investors. The company uses satellites to observe the Earth to predict extreme weather, provide maritime analytics and...

With an imminent initial public offering, food-delivery app Postmates has raised another $225 million. This last-minute round of funding was led by GPI Capital, moving Postmate's total funding to $1 billion and its pre-valuation at $2.4 billion.  When a company raises a significant amount of...