The shares are expected to be offered by Novelis’ sole shareholder (a unit of Hindalco Industries Ltd). Novelis will not receive any proceeds from the sale of shares by its shareholder
China's internet regulator, the Cyberspace Administration of China (CAC), is conducting a security review of Shein as it seeks approval from Beijing for its planned U.S. initial public offering (IPO). About the review: Shein, valued at $66 billion, has filed for a U.S. IPO and needs approval from both U.S. and Chinese regulators. It will examine whether Shein can prevent data leaks overseas.
German premium footwear brand Birkenstock, supported by private-equity firm L Catterton, is aiming for a fully diluted valuation of approximately US$10 billion in its upcoming U.S. IPO
The stock market debut could make Shein the most valuable Chinese company to go public in the United States since ride-hailing giant Didi Global listed in New York in 2021 at a $68 billion valuation.
Theonline shopping unit which competes with rivals such as Amazon.com Inc. in markets outside China, is one of six parts that Alibaba is splitting into.
Vietnam's homegrown carmaker VinFast, which plans to sell the first ever Vietnamese car in the United States, said Wednesday it has filed for an initial public offering (IPO) in the country.
Didi Chuxing plans to sell 288 million shares at US$13 to US$14 each in its US IPO. The sale could value the entire firm at US$67 billion, compared with US$95 billion for Uber Technologies.