Didi Chuxing, which gained prominence in China after it bought Uber’s operation in China, is also diversifying in the food delivery services. According to several sources with direct knowledge of the matter at hand, China’s Didi Chuxing Technology Co Ltd, a ride hailing firm, aims to spin off its car services unit ahead of its…
The 3-way deal, ahead of SoftBank’s planned listing of its domestic telecoms unit – likely to be the largest Japanese IPO in nearly two decades, could boost demand for online shopping and mobile payments among Japan’s tech-savvy shoppers. In a move that sees Japan’s SoftBank Group tightening its grip over Yahoo Japan, the conglomerate disclosed…
Investor appetite in Hong Kong for Xiaomi’s stock is low due to a range of reasons which include overall market sentiments, Xiaomi’s valuation of the stock in comparison to its peers, and the fact that investors see it as a hardware firm as opposed to a hardware and internet services firm. Shares of Chinese smartphone…
Beijing-based, Cayman-domiciled Xiaomi priced its IPO at $2.17 – the bottom end of its indicative range. On Friday, sources close to Xiaomi Corp’s Hong Kong initial public offering (IPO) disclosed, the Chinese firm priced the IPO at the bottom of an indicative range, of HK$17 to HK$22, and raised $4.72 billion. Xiaomi is selling around…
Xiaomi reported a loss of 43.89 billion yuan loss for 2017-2018. In the current financial year, 2018-2019, for the first quarter. it has reported a loss of 7 billion yuan. According to a draft prospectus, China’s Xiaomi has reported a $1.09 billion (7 billion yuan) loss ahead of its initial public offering (IPO). In 2017,…
Since Carl Icahn’s stake is below the 5% limit, which warrants public disclosure of the stake amount, it isn’t clear as to what his agenda might be for taking this position. However, VMWare/Dell IPO is looming on the horizon. Billionaire investor Carl Icahn has acquired a stake below 5%, in VMware Inc, a cloud computing…
With a market capitalization of around $4 billion, Czech Republic headquartered Avast is aiming to a listing at the the London Stock Exchange in May 2018 where it expects to $200 million in primary proceeds. On Thursday, cyber security software firm Avast stated it plans on applying to the London Stock Exchange to list its…
According to sources Dropbox Inc’s IPO, set to close on Wednesdsday, has been oversubscribed. As per two sources familiar with the matter at hand, Dropbox Inc’s initial public offering (IPO) has been oversubscribed, indicating a healthy demand for big tech IPOs. Dropbox’s shares expected to start trading on the Nasdaq on Friday. “It is early…
While its revenues have jumped by 55% to $2.7 billion (17.38 billion yuan), iQiyi reported a net loss of 3.74 billion yuan. iQiyi Inc, a unit of Chinese search engine firm Baidu Inc, has launched its initial public offering in New York, worth up to $2.4 billion, as it seeks to expand its range of…
Competing with Alphabet’s Google, Microsoft Corp, Box Inc and Amazon.com Inc, in the cloud storage space, Dropbox Inc reported its 2017 revenue at $1.11 billion. Dropbox Inc has filed for an initial public offering (IPO) of 36 million shares thus valuing the firm at more than $7 billion. Its filing information shows that it expects…
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