US Financial services firm Robinhood, which is at the center of Wall Street’s recent retail trading frenzy, disclosed that it plans on listing itself on Nasdaq in a regulatory filing. The notification sets the stage for one of the most hotly anticipated initial public offerings of the year.
On Monday, digital music company Believe stated it plans to come out with a stock market listing in Paris with an aim to raise around $608 million (500 million euros) so as to finance its expansion. Believe’s digital music brands, Believe Distribution Services, TuneCore, Groove Attack, Nuclear Blast, Naïve, and AllPoints, compete in a sector…
According to a source familiar with the matter at hand, Volkswagen is weighing options which includes listing of its luxury car division Porsche AG which will provide it sufficient liquidity towards electrification of its vehicles. “Those considerations exist,” said the source said while cautioning that they are still not being actively discussed in committees; any…
According to sources close to the matter at hand, online luxury fashion retailer MyTheresa plans on taking advantage of the robust equity market by listing on the New York Stock Exchange. MyTheresa’s owner, Neiman Marcus, is working with Morgan Stanley on the planned listing, which could be as early as April, said sources. Both, Morgan…
Risk consultants sees U.S. investors quietly exiting from their partnership/commitments with the affected Chinese companies. In a significant development, Goldman Sachs Group Inc has stated, it is in the process of reviewing its involvement in China’s Megvii Technology Ltd’s initial public offering (IPO) following the U.S. Commerce Department placing the artificial intelligence firm on an…
Alcon will be listed in the New York Stock Exchange and on the Swiss Market. On Friday, Novartis stated, Alcon – its eye care business which it spun-off, is expected to be listed at the New York Stock Exchange and on the Swiss Market on April 9. “Alcon obtained approval for listing on SIX Swiss…
DealWatch’s report, citing anonymous sources, have named Nomura Holdings, SMBC Nikko Securities, JP Morgan, Goldman Sachs, Deutsche Bank, among the global coordinators for whats is likely to be Japan’s biggest ever IPO on November 12. According to a report from DealWatch, citing unnamed sources, SoftBank Group Corp’s mobile unit is expected to win an approval…
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…
Nio has hired 8 banks for the planned U.S. IPO. According to sources with knowledge of the matter, Nio, a Chinese electric vehicle startup has hired 8 banks, including Goldman Sachs and Morgan Stanley for its planned U.S. stock market listing this year, worth up to $2 billion. The eight banks are, JPMorgan, Goldman Sachs,…
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