Former Barclays boss Bob Diamond to take crypto firm Circle public in Spac deal July 8, 2021 Former Barclays boss Bob Diamond is set to take cryptocurrency firm Circle public through a $4.5bn (£3.3bn) blank-cheque listing. The complex Spac deal will see Circle merge with Concord Acquisition Corp, which is backed by Diamond, before the combined entity is acquired by a new Irish holding company that will trade on the New York [...]
Chinese ride-hailing giant Didi sued by US shareholders July 8, 2021 China’s dominant ride-hailing app Didi is facing two lawsuits, filed in New York and Los Angeles. They come a week after Didi’s debut on the New York Stock Exchange. The two suits, filed on Tuesday, state that Didi failed to disclose ongoing talks it was having with Chinese authorities about its compliance with cybersecurity laws [...]
Mark Wahlberg-backed fitness group F45 plots $1.5bn IPO July 7, 2021 F45, the fitness chain backed by Hollywood hardman Mark Wahlberg, is seeking a valuation of more than $1.5bn (£1bn) in a US stock market float. The company, which was founded in Australia but is based in Texas, is plotting an initial public offering on the New York Stock Exchange after cashing in on the growing [...]
Soho House eyes $3.2bn valuation ahead of New York listing July 6, 2021 The parent company of the Soho House members club said it is targeting a valuation of about $3.2bn (£2.3bn) as it prepares to list on the New York Stock Exchange. The group, which filed for the initial public offering (IPO) under the name ‘Membership Collective Group’ in June, said it plans to raise as much [...]
Didi gets a flat: Market debut runs out of steam after $80bn turbo-charged IPO July 1, 2021 Chinese ride-hailing app Didi had a market debut that ran out of steam after the company temporarily soared to a market value of $80bn in its first day of trading on the New York Stock Exchange. Watch the full report.
AI startup Onfido considers listing in New York instead of London June 27, 2021 The British digital identity startup is reportedly considering a stateside IPO over a London listing, due to rapid business growth in North America. London-headquartered Onfido has begun swapping British accounting standards for American, in preparation for a “potential US IPO in the near future”, The Telegraph first reported. The AI startup, which helps firms like Microsoft, [...]
Soho House confirms it has begun New York listing June 21, 2021 The Soho House private members club today announced it has begun the process for a New York stock market listing that could see the business valued at more than $3bn (£2.15bn). The company, which owns 28 clubs around the world, said that it has filed a registration statement with the US Securities and Exchange Commission [...]
Private equity interest: Why is Morrisons such an attractive takeover target? June 21, 2021 Morrisons has rejected a £5.5bn takeover approach from a US private equity firm amid speculation that more UK supermarkets could be snapped up. Shares in Morrisons jumped earlier this morning following confirmation of the rejection at the weekend, as the chain said potential bidder Clayton, Dubilier & Rice “significantly undervalued” the grocer with its 230p-per-share [...]
Goldman Sachs bats off competitors with first UK transaction bank June 21, 2021 Goldman Sachs is set to appear in the UK after the Wall Street-based firm said today it has launched its £35bn transaction bank in the country. The global investment bank expanded its transaction bank business after launching in the US last year, while it eyes steadier revenue sources beyond its investment division. Goldman’s shares sank [...]
Explained: Why Cristiano Ronaldo’s Coke snub at Euro 2020 was not the cause of Coca-Cola’s share price drop June 17, 2021 Cristiano Ronaldo was credited with knocking $4bn off the value of Coca-Cola earlier this week when he snubbed the soft drink – but does the theory stack up? The Portuguese football superstar pointedly moved two bottles of Coke from his desk at a Euro 2020 press conference and instead held up a bottle of water, [...]