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KKR-backed AppLovin raises $2 billion in U.S. IPO at over $28 billion valuation

By Reuters Staff 2 Min Read FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid/File Photo (Reuters) - Mobile app and gaming company AppLovin Corp said on Thursday it priced its initial public offering at $80 per share, the mid-point of its previously set range, placing the company’s valuation at $28.64 billion. At this price, AppLovin, backed by private equity gia...
United States Palo Alto Shubham Kalia Akriti Sharma Krishna Chandra Eluri Thomson Reuters Trust Principles

EXCLUSIVE-Aramco pipeline investors to refinance loans with bonds next year - sources

3 Min Read DUBAI (Reuters) - EIG Global Energy Partners will lead a yet-unnamed consortium to issue billions of dollars in bonds across two or three transactions to replace bank debt backing an investment in Saudi Aramco’s oil pipeline assets, two sources said. FILE PHOTO: General view of Aramco tanks and oil pipe at Saudi Aramcos Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed Jadallah/File Photo The Washington, D.C.-based firm’s consortium will issue b...
Saudi Arabia United Arab Emirates United States Abu Dhabi Saeed Azhar David Evans

Exclusive: Aramco pipeline investors to refinance loans with bonds next year - sources

3 Min Read DUBAI (Reuters) - EIG Global Energy Partners will lead a yet-unnamed consortium to issue billions of dollars in bonds across two or three transactions to replace bank debt backing an investment in Saudi Aramco’s oil pipeline assets, two sources said. FILE PHOTO: General view of Aramco tanks and oil pipe at Saudi Aramcos Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed Jadallah/File Photo The Washington, D.C.-based firm’s consortium will issue b...
Saudi Arabia United Arab Emirates United States Abu Dhabi Saeed Azhar David Evans

UPDATE 3-Ireland sets yield on new 20-year bond after strong demand

(Updates with confirmation of sale; changes source to NTMA, adds quote) DUBLIN, April 15 (Reuters) - Ireland raised 3.5 billion euros from the sale of a new 20-year bond on Thursday, the country’s debt agency said, in the latest long-dated issuance from a euro zone sovereign. That is slightly higher than the 2 billion to 3 billion euro target a source indicated to Reuters on Wednesday, with the deal receiving final investor demand of more than 35 billion euros. The funds were raised at a yiel...
Noord Holland Mark Potter Padraic Halpin Yoruk Bahceli Thomson Reuters Trust Principles Danske Bank

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Coinbase jumps 11% day after Nasdaq debut

2 Min Read FILE PHOTO: The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. REUTERS/Shannon Stapleton (Reuters) -Coinbase Global Inc shares jumped 11% in early trading on Thursday, a day after the cryptocurrency exchange went public in a high-profile debut on the Nasdaq that briefly valued it at more than $100 billion. The debut, done through a direct listing wher...
Niket Nishant Shounak Dasgupta Fred Ehrsam Brian Armstrong Cathie Wood Ark Sagarika Jaisinghani

TuSimple raises over $1 billion in U.S. IPO at nearly $8.5 billion valuation

By Reuters Staff 2 Min Read (Reuters) - TuSimple Holdings Inc said on Thursday it had raised more than $1 billion through an initial public offering (IPO), valuing the self-driving truck startup at nearly $8.5 billion. The San Diego, California-based company sold around 27 million shares in its IPO, while some stockholders sold about 6.8 million shares priced at $40 apiece. Backed by Volkswagen’s commercial trucking unit, TRATON SE, and United Parcel Service Inc, TuSimple is developing self-d...
United States San Diego Sohini Podder Vinay Dwivedi Thomson Reuters Trust Principles Morgan Stanley

Hungary may sell more T-bills, but plans no increase in long govt bond sales, debt agency head says

Updated Hungary may sell more T-bills, but plans no increase in long govt bond sales, debt agency head says 3 Min Read BUDAPEST, April 15 (Reuters) - Hungary plans to finance an increase in its 2021 budget deficit by using some debt financing buffers and possibly increasing treasury bills sales but it will not boost supply of long government bonds, the head of the debt agency told Reuters on Thursday. The government said last month it would modify the 2021 budget to raise the deficit target to...
Larry King Zoltan Kurali Thomson Reuters Trust Principles Resilience Facility Earth Day Krisztina Than

Spain's Acciona hires banks for IPO of $9.6 bln energy unit - sources

Abhinav Ramnarayan, Arno Schuetze, Isla Binnie 2 分钟阅读 MADRID, April 14 (Reuters) - Spanish conglomerate Acciona is stepping up preparations for a stock market listing of its renewable energy unit and has hired banks to lead the deal which is expected to value the business at more than 8 billion euros ($9.6 billion), three people familiar with the matter said on Wednesday. Citi and Goldman Sachs have been appointed as global coordinators for the deal, the sources said, a key step on the ...
United States Mark Potter Abhinav Ramnarayan Isla Binnie Arno Schuetze Jose Manuel Entrecanales

Crypto flagship Coinbase jumps 11% after stormy Nasdaq debut

2 Min Read FILE PHOTO: The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. REUTERS/Shannon Stapleton (Reuters) -Coinbase Global Inc shares jumped 11% in early trading on Thursday, a day after the cryptocurrency exchange went public in a high-profile debut on the Nasdaq that briefly valued it at more than $100 billion. The debut, done through a direct listing wher...
Vinay Dwivedi Cathie Wood Ark Devik Jain Ipek Ozkardeskaya Sagarika Jaisinghani Niket Nishant

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