Page 35 - Echo Wang News Today

2 Min Read NEW YORK (Reuters) -U.S. payments startup Marqeta, which counts the likes of Uber and Stripe among existing backers, on Tuesday priced its initial public offering (IPO) well above the target range to raise $1.2 billion, the company said in a statement. Marqeta sold 45.45 million shares at $27 per share. It had earlier set a price range of $20 to $24 a share. On a fully diluted basis, which includes securities such as stock options and restricted stock units, Marqeta is currently valu...

NEW YORK: Uruguayan payment startup DLocal said on Wednesday it raised US$617.65 million in its initial public offering. DLocal priced 29.4 ...

By Echo Wang NEW YORK (Reuters) - Uruguayan payment startup DLocal said on Wednesday it raised $617.65 million in its initial public offering. DLocal ...

The special purpose acquisition company (Spac) boom is cooling. Spacs are shell firms that list on the stockmarket in order to raise cash. They then use the money to merge with another company. For start-up founders, Spacs offer a route to a public stockmarket listing that is less bureaucratic than the traditional initial public offering (IPO). They have been used to launch everything from electric-vehicle (EV) makers to space tourism business Virgin Galactic. Around 250 Spacs launched in Ameri...

Analysis-U.S. companies snub SPACs amid concerns they cannot deliver Reuters 1 hour ago By Echo Wang and Anirban Sen Popular Searches (Reuters) - Advertising technology firm Simplifi Holdings was ready to go public last month at a valuation of close to $2 billion when some investors balked. The Fort Worth, Texas-based company was seeking to raise around $300 million in financing for its merger with D and Z Media Acquisition Corp, a special purpose acquisition company (SPAC) led by media ent...

Analysis-US companies snub SPACs amid concerns they cannot deliver Toggle share menu Advertisement 25 May 2021 07:10PM Share this content Bookmark REUTERS: Advertising technology firm Simplifi Holdings was ready to go public last month at a valuation of close to US$2 billion when some investors balked. The Fort Worth, Texas-based company was seeking to raise around US$300 million in financing for its merger with D and Z Media Acquisition Corp, a special purpo...

Oprah-backed Oatly raises $1.4 billion in IPO -source By Echo Wang and Anirban Sen Reuters (Reuters) -Swedish vegan milk maker Oatly Group AB, which counts celebrities Oprah Winfrey and Natalie Portman among its backers, raised $1.4 billion in its U.S. initial public offering on Wednesday, a person familiar with the matter said. The company, whose investors also include rapper Jay Z and former Starbucks Corp head Howard Schultz, priced 84.4 million American depositary shares in the initial pub...

Oprah-backed Oatly raises $1.4 billion in IPO Reuters 3 hrs ago By Echo Wang and Anirban Sen © Reuters/Caitlin Ochs FILE PHOTO: Oprah Winfrey takes part in the Women In The World Summit in New York By Echo Wang and Anirban Sen (Reuters) -Swedish vegan milk maker Oatly Group AB, which counts celebrities Oprah Winfrey and Natalie Portman among its backers, raised $1.4 billion in its U.S. initial public offering on Wednesday, the company said in a statement. The company, whos...

Zhang Yiming, founder of TikTok owner ByteDance, told employees of the Chinese technology giant in a memo that he will step down as chief executive and be succeeded by human resource chief Liang Rubo, the company disclosed on Thursday. The move, first reported by Reuters, represents the biggest corporate shake-up at ByteDance since its launch in 2012. The company grew to become a dominant social media force in China and turned TikTok, a short-video app popular with teenagers, into a global se...

ByteDance founder Zhang Yiming to step down as CEO By Echo Wang and Yingzhi Yang Reuters (Reuters) -Zhang Yiming, founder of TikTok owner ByteDance, told employees of the Chinese technology giant in a memo that he will step down as chief executive and be succeeded by human resource chief Liang Rubo, the company disclosed on Thursday. The move, first reported by Reuters, represents the biggest corporate shake-up at ByteDance since its launch in 2012. The company grew to become a dominant social ...