Pinterest reveals revenue growth in first public filing as it heads toward IPO March 23, 2019 Pinterest has announced its plans for an initial public offering (IPO) and highlighted its fast revenue growth and shrinking losses as it heads towards a public listing. The image sharing platform joins a whole line of technology companies looking to move into the public market and outlined its plans to the New York Stock Exchange [...]
Global markets fall as FTSE 100 suffers worst day of the year March 23, 2019 Stock markets in the UK and US have plummeted amid growing fears of an economic slowdown. The FSTE 100 suffered its worst day of 2019 as it ended Friday 2 per cent lower, falling 148 points and wiping off around £37bn in the companies combined value. Read more: Countdown to Brexit: three market indicators to watch [...]
Uber ‘picks New York Stock Exchange’ for IPO over FAANG favourite Nasdaq March 22, 2019 Uber is reportedly set to list on the New York Stock Exchange as it gears up for what is expected to be one of the biggest stock market debuts of 2019. Read more: High Court strikes down black cab appeal against Uber's London licence The ride-hailing app’s initial public offering (IPO) is due in April, [...]
Levi shares soar as jeans retailer makes stock market return March 21, 2019 Shares in jeans retailer Levi Strauss soared more than 30 per cent as it returned to the stock market today, giving the company a market value of $8.7bn. The denim brand, which has described itself as “the inventor of blue jeans”, started trading on the New York Stock Exchange this morning after it was taken [...]
Ride-hailing app Lyft set to raise $2bn in New York float March 18, 2019 Ride-hailing platform Lyft expects to raise as much as $2bn (£1.5bn) when it floats on the New York Stock Exchange later this month. In a filing the firm said its initial public offering (IPO) will consist of 30.7m shares priced between $62 and $68, meaning it could raise a total of $2.4bn. Read more: Lyft [...]
Lyft set to court investors ahead of Wall St float March 17, 2019 Ride-hailing platform Lyft is launch its investor roadshow today, ahead of the company’s upcoming debut on the New York Stock Exchange. The firm is seeking to raise as much as $2bn (£1.5bn) and be valued at more than $20bn, people familiar with the matter told Reuters. Lyft will be meeting with investors across the US [...]
‘Serious First Amendment issues’: Tesla CEO Elon Musk’s lawyers slam SEC’s latest attack on tweets March 12, 2019 Lawyers for Elon Musk say that the US financial regulator's claims that the Tesla chief executive violated a previous settlement by posting a tweet has serious implications for First Amendment issues. Read more: Regulator accuses Elon Musk of misleading investors with new Tesla tweet The Securities and Exchange Commission (SEC) had asked a New York [...]
Boeing shares plunge as airlines ground planes following fatal Ethiopian Airlines crash March 11, 2019 Shares in Boeing fell more than 11 per cent as the New York Stock Exchange opened as airlines grounded planes following yesterday’s fatal Ethiopian Airlines crash. China’s airline regulator called for all Boeing 787 Max 8 domestic flights to be suspended, while Ethiopian Airlines and Cayman Airways have also grounded the model after one of the [...]
Slack confidentially files for New York listing February 4, 2019 Workplace messaging app Slack has confidentially filed to go public in New York today, following months of speculation on the nature of its listing. No further details were given as to the timing or pricing of its initial public offering (IPO), however the app was said in January to be considering a direct listing instead. This is [...]
Case alleging Libor-rigging launched against raft of major banks January 20, 2019 A string of major banks have been accused of rigging the Libor benchmark again, five years on from a major scandal. A class action has been filed in the US against banks such as the Royal Bank of Scotland, Barclays, Lloyds Banking Group, HSBC, UBS, Bank of America, Citi and Deutsche Bank. The action, which [...]