Equity Financing
Shenzhen’s ChiNext challenges Shanghai, adds fuel to ‘technology war’ with U.S
SHANGHAI (Reuters) – As companies prepare to list on the start-up board ChiNext under a new U.S.-style IPO system on Monday, China’s Shenzhen will officially challenge Shanghai for tech listings, while adding fuel to a “technology war” with the United States. Eighteen companies will begin trading on the Nasdaq-style start-up board on Monday in a …
Shenzhen’s ChiNext challenges Shanghai, adds fuel to ‘technology war’ with U.S.
* Some 18 firms to list on Shenzhen’s revamped ChiNext on Monday * Reforms to ChiNext aimed at fast-tracking IPOs * Reforms come as U.S. and China fight so-called tech war * Fund managers flag tech bubble risks, fraud risks By Samuel Shen and Andrew Galbraith SHANGHAI, Aug 21 (Reuters) – As companies prepare to …
SoftBank leads $500 million fundraising for Didi’s self-driving unit
FILE PHOTO: Logo of Didi Chuxing is seen at its headquarters building in Beijing, China August 28, 2018. REUTERS/Jason Lee BEIJING/SHANGHAI (Reuters) – China’s Didi Chuxing said on Friday it had completed a fundraising round of over $500 million for its autonomous driving subsidiary that was led by SoftBank Group’s (9984.T) Vision Fund 2. The …
Emerson says it will not pursue a break-up following review
(Reuters) – Emerson Electric Co (EMR.N) told investors on Thursday it would not pursue a break-up following a review it launched last year that examined whether it should separate its industrial automation operations from its air-conditioning business. Emerson Electric Co is displayed on a screen on the floor at the New York Stock Exchange (NYSE) …
SoftBank profit wiped out by Vision Fund losses, second fund scaled back
TOKYO (Reuters) – Quarterly profit at SoftBank Group Corp (9983.T) was almost wiped out as the Japanese technology giant was hit for a second straight quarter by losses at its $100 billion Vision Fund. Wednesday’s dismal results could further dampen investor enthusiasm for founder Masayoshi Son’s big bets on untested start-ups. While Son told a …
Avaya dials up RingCentral for cloud technology after suitor search
(Reuters) – After months of evaluating sale and merger options, telecommunications gear provider Avaya Holdings Corp on Thursday announced a strategic partnership and $500 million contribution from RingCentral Inc. Avaya long made hardware systems that sit inside of businesses to provide unified phone and video conferencing services, as well as gear for call centers. The …
Frenzied debut of China’s Nasdaq-style board adds $44 billion in market cap
SHANGHAI (Reuters) – Trading on China’s new Nasdaq-style board for homegrown tech firms hit fever pitch on Monday, with shares up as much as 520% in a wild debut that more than doubled the board’s combined market capitalization and beat veteran investors’ expectations. Sixteen of the first batch of 25 companies – ranging from chip-makers …
Eldorado Resorts clinches $18 billion cash and stock deal for Caesars: sources
The 550 foot-tall (167.6 m) High Roller observation wheel, the tallest in the world, is the centerpiece of the $550 million Linq project, a retail, dining and entertainment district by Caesars Entertainment Corp, in seen in Las Vegas, Nevada April 9, 2014. REUTERS/Las Vegas Sun/Steve Marcus/File Photo NEW YORK (Reuters) – U.S. casino operator Eldorado …
