Rolex giant Watches of Switzerland begins London IPO debut with £650m valuation May 30, 2019 The UK’s largest seller of Rolex watches has begun life as a listed firm in the Square Mile today, having priced its shares towards the top end of the range it had targeted. Investors start trading in Watches of Switzerland on the London Stock Exchange today after the firm priced its shares at 270p, valuing [...]
No slacker: Messaging app Slack targets $196.5m in New York Stock Exchange float May 21, 2019 Work messaging app Slack expects to net $196.5m when it goes public on the New York Stock Exchange in the next few weeks. Read more: Slack files for IPO: Everything you need to know The collaboration firm, which changed its stock ticker from ‘SK’ to ‘WORK’ yesterday, will float nearly 117m shares on the stock [...]
From low expectations to future hopes: Four things we learnt from Uber’s stock market debut May 11, 2019 It was billed as one of the most anticipated initial public offerings (IPOs) in years, but yesterday Uber's investors were left disappointed when it set sail on the public markets for the first time. Here are four things we were looking out for during yesterday's trading. Read more: Uber shares begin NYSE trading in $82.4bn [...]
Uber shares debut on New York Stock Exchange in $82.4bn IPO May 10, 2019 Shares in ride-hailing giant Uber began trading on the New York Stock Exchange today, after the firm priced its stock at the lower end of its target range. Uber priced its initial public offering (IPO) at $45 per share after setting a range of between $44 and $50. Read more: Uber's float is a huge [...]
Softbank mulls float for $100bn Vision Fund as it looks for fresh cash injection May 3, 2019 Japanese investment giant Softbank is reportedly considering an initial public offering (IPO) of its $100bn (£77bn) Vision Fund. The firm is mulling the bumper float as part of series of options as it looks to raise more funds for its investment arm, the Wall Street Journal reported, citing people familiar with the matter. Read more: Softbank [...]
Neil Woodford’s billion-dollar baby turns four May 1, 2019 | City Talk By Dzmitry Lipski from interactive investor. Late last month, Woodford Patient Capital turned four. Having weighed in at launch at £800 million, making it the second-largest UK investment trust launch ever after Smithson Investment Trust, according to the AIC, Woodford's middle child has had some high-profile teething issues along the way. Total assets today stand at [...]
Online car dealer firm Auto Trader announces board shakeup with retirement of CEO April 29, 2019 Online car ad group Auto Trader has promoted its finance boss as its new chief executive following the decision of the incumbent Trevor Mather's decision to retire. Mather will retire from the positions of CEO and director on 31 March 2020, allowing Nathan Coe, who is the current chief operating and financial officer, to take [...]
Slack files for IPO as it targets New York Stock Exchange debut April 26, 2019 Collaboration tool Slack has confidentially filed to float on the New York Stock Exchange. Read more: Uber reveals IPO will value firm as high as $90bn The messaging app will join the stock market under the ticker symbol SK this summer, in either May or June, according to its filing. Slack, which was last valued [...]
Pinterest files for $12.7bn IPO: What it needs to do next April 18, 2019 Image curation site Pinterest will list in the US when the New York Stock Exchange opens later today at $19 per share. The unicorn’s share price, which had more than 250m active users and 2bn searches last year, is above the target range and a valuation that the website received in 2017. Read more: Get [...]
Mike Ashley among Debenhams shareholders wiped out April 18, 2019 | City Talk By Graeme Evans from interactive investor. One of the most intriguing City soap operas is over for investors as lenders seize control of Debenhams. The fight for survival at Debenhams (LSE:DEB) stores goes on, but for investors the suspension of shares signalled the final act in a grim 13 years of stock market trading. The [...]