Elliott and James try to get their minds around the Ant Group IPO, and the business behind what is likely to be the biggest IPO in history.
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Wework China is pulling back from its aggressive expansion and cutting costs after its dramatic downfall last year involving a failed IPO.
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The Snowflake IPO was a big deal, and not merely because of the company’s enormous valuation.In 2013 Cloudera co-founder Mike Olson confidently (and accurately) declared “a stunning and irreversible trend in enterprise infrastructure.” That trend? “No dominant platform-level software infrastructure has emerged in the last 10 years in closed-source, proprietary form.” Snowflake, a cloud-based enterprise data platform, may spell the end of that run. Sure, we had Splunk, but Spunk squeaked through the hypothesis police before open source had found its feet, as Lightspeed partner Gaurav Gupta told me. MySQL, Apache Hadoop, MongoDB, Apache Spark... all of them (at least initially) open source.To read this article in full, please click here
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The WM Motor investment is co-led by China’s biggest automaker, SAIC, and capital funds owned by the Shanghai municipal government.
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The IPO of Chennai-headquartered Computer Age Management Services (CAMS) - a “technology-driven financial infrastructure and services provider” to MFs and other financial institutions opened yesterday.Should you subscribe or not?
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These factors are analyzed to drive the racing tires market during the forecast period 2020-2025.Racing Category - Segment AnalysisThe auto racing segment is analyzed to dominate the global racing tires market in 2018 owing to the broad spectrum races in this category and the introduction of Formula E championship since 2014.Further, the presence of major automakers in the region for premium and racing class vehicles with prominent investment towards in developing these vehicles is also analyzed to be one of the major market drivers assisting the market growth.APAC is estimated to hold the second largest market share in the global racing tire market after Europe, and is estimated to witness the highest growth during the forecast period 2020-2025 owing to the growing viewer base and investments in the automotive racing business in the region.Drivers – Racing Tire MarketGrowing revenue generation in Formula One Racing ChampionshipDriven by the increase in number of races, advertising and sponsorships, the revenue generation in the racing business is increasing significantly.Private equity firm CVC Capital was planning $12 billion market capitalization for Formula1, through an IPO on Singapore stock exchange in 2017 before it got acquired by Liberty Media.The average cost of the ticket is approximately $100, in addition to that the visitors also need to spend on travel and accommodation which are sky rocketing during the event times, thereby not easily affordable by middle class population.Due to the low attendees, the European circuits were not able to turn significant profit owing to which the ticket prices were raised to compensate.
When Ant goes public, it will likely earn a massive valuation that puts it ahead of Saudi Aramco's record-shattering $25.6 billion IPO late last year.
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The top finance stories for September 21, including the news on bankers' role in Snowflake's IPO and inside Apollo's impact-investing team.
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Chinese consumers tap the fintech app to pay bills, order in restaurants, and book appointments. Now it’s preparing for an IPO that could value it at $200 billion.
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News on Snowflake's IPO, Opendoor gearing up to go public via a SPAC, Goldman Sachs intern survey, Wall Street's biggest fintech investments.
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The IPO of Bengaluru-headquartered IT services firm Happiest Minds Technologies opened on September 7th and went on till September 9th.And it was truly a blockbuster!The public issue got bids for 3.5 billion shares vs the 23.3 million on offer, which implies that it was oversubscribed by 151.0 times, making it the eighth biggest Indian IPO of the last decade.What made the Happiest Minds’ IPO such a hit?
Some aspects are 'eerily similar to the peak of the 2000 bubble' warns Bernstein In a week that saw three tech companies float on the Nasdaq and New York Stock Exchange, Wall Street analyst Bernstein is mulling the potential of a share price crash based on similar indicators prevalent during the .com bust.…
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Illustration by Alex Castro / The Verge This week was the deadline for ByteDance to divorce itself of TikTok over security concerns, but at press time no deal has been struck. Instead, we have the strangest of corporate entities now taking shape. And, thanks to journalists at the New York Times, we have perhaps the most delicious morsel of reporting to ever emerge from TikTok deal talks. Let’s take a look at the latest. The first thing to say is that we may see action from President Trump within days — and that, if he approves the deal, we could soon see a TikTok IPO. Here are Alex Sherman and Lauren Feiner at CNBC: President Donald Trump is expect to decide on TikTok’s fate in the U.S. in the next 24-36 hours, sources told CNBC’s David Faber. To address ownership concerns,... Continue reading…
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Bytedance is planning to list Tiktok Global, a joint venture set up to operate the short-video app in the US, pending approval of the proposed deal.
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