Page 3 - Echo Wang News Today

Egnyte has tapped JPMorgan Chase to lead its preparations for a stock market flotation that could come as early as this year, the sources said, cautioning the plans could change subject to market conditions.

By Echo Wang and Anirban Sen (Reuters) - Cloud storage service Egnyte has hired underwriters for an initial public offering (IPO) in New York that could value it at more than $3 billion, according to people familiar with the matter. Egnyte has tapp...

Cloud storage service Egnyte has hired underwriters for an initial public offering in New York that could value it at more than $3 billion, according to people familiar with the matter. ...

By Echo Wang and Lance Tupper NEW YORK (Reuters) - Shares of Lotus Technology closed up 2% in their Nasdaq debut on Friday, recouping earlier losses, after the luxury electric car maker completed its merger with a blank-check acquisition company ba...

Shares of Lotus Technology closed up 2% in their Nasdaq debut on Friday, recouping earlier losses, after the luxury electric car maker completed its merger with a blank-check acquisition company...

NEW YORK (Reuters) -Shares of Lotus Technology closed up 2% in their Nasdaq debut on Friday, recouping earlier losses, after the luxury electric car maker completed its merger with a blank-check acquisition company backed by private equity firm L Catterton. The American Depositary Shares, which began trading with the new ticker "LOT", ended at $13.80 after falling as low as $10.12. Lotus Technology was valued at about $7 billion in the deal with L Catterton Asia Acquisition Corp (LCA...

Social media platform Reddit has struck a deal with Google to make its content available for training the search engine giant's artificial intelligence models, three people familiar with the matter said. The contract with Alphabet-owned Google is worth about $60 million per year, according to one of the sources. The deal underscores how Reddit, which is preparing for a high-profile stock market launch, is seeking to generate new revenue amid fierce competition for advertising dollars from t...

Social media platform Reddit has struck a deal with Google to make its content available for training the search engine giants artificial intelligence models, three people familiar with the matter...

Rubrik is co-operating with the investigation and hopes it will be wrapped up by the end of March so it can launch its initial public offering (IPO), the sources said. If this pans out, Rubrik, which has already registered the IPO confidentially with the U.S. Securities and Exchange Commission, will be a publicly traded company as early as April, the sources added.

Rubrik Inc, the cybersecurity software startup that Microsoft Corp invested in at a $4 billion valuation in 2021, plans to go public in New York as early as April, as it handles a U.S....