IPO
Rackspace Technology files for IPO four years after going private – Cloud
Four years after privatization, Rackspace Technology revealed Friday it filed a statement with the Securities and Exchange Commission declaring its intention for an initial public offering. Rackspace didn’t set the number of shares it will offer or a price range for them in its S-1 statement to the U.S. Securities and Exchange Commission. The managed …
Seattle health care technology company Accolade raises $220 million in IPO, shares soar 35%
Accolade CEO Rajeev Singh can’t imagine a more pertinent time to be taking his health care technology company public. Despite concerns that surging coronavirus cases might soon weaken investor appetites, Singh watched Thursday as the company — which splits its headquarters between Seattle and Pennsylvania — debuted on the Nasdaq Stock Market with its shares …
Scientists Discover The South Pole Is Warming 3x Faster Than The Rest of The Planet
The South Pole has warmed three times faster than the rest of the planet in the last 30 years due to warmer tropical ocean temperatures, new research showed Monday. Antarctica’s temperature varies widely according to season and region, and for years it had been thought that the South Pole had stayed cool even as the …
The year tech unicorns became donkeys, Technology
Mon, Dec 30, 2019 – 5:50 AM 2019 may be remembered as the year so many unicorns turned into donkeys. After its IPO, Uber fell from the stratospheric valuation it commanded as a private company. So did its prime competitor, Lyft – together, they have shed more than US$40 billion in value since going public. …
Shares surge as trading begins
Saudi Aramco, the world’s largest initial public offering (IPO), surged past expectations as it debuted on the country’s stock exchange on Wednesday morning. Shares of the state-owned oil company rose to 35.2 Saudi riyals ($9.38) from 32 riyals in early deals in Riyadh, up 10% and hitting their daily limit. The price gives it a …
Saudi Aramco’s $25.6 billion IPO is the biggest in history
Saudi Aramco sold 3 billion shares at 32 riyals ($8.53) each in its IPO, the company said Thursday. That means the deal raised more than China’s Alibaba (BABA) in its 2014 public debut. The IPO values Aramco at roughly $1.7 trillion, making it the most valuable publicly traded company in the world ahead of Apple …
Saudi Aramco’s IPO: What to know about the world’s most profitable company’s public offering
Pop quiz: What’s the most profitable company in the world? Apple? Google? Nope. Those two don’t even come close. The answer is Saudi Arabia’s state oil company, Aramco. In 2018, Saudi Aramco made $111 billion dollars in profit. The second-most profitable company, Apple, made $60 billion that year. On November 3, Aramco officially announced its …
Saudi Aramco: Saudi Arabia announces IPO for state oil giant
Following approval from the country’s regulators, Saudi Aramco on Sunday formally announced its intention to float shares on the Tadawul exchange in Riyadh. Aramco executives will now embark on an international roadshow to court investors, and a prospectus outlining the company’s financial details is expected later this month. “(The IPO) will increase our international visibility …
Without deal, WeWork would have been out of money next Friday, sources say
A sign marks the location of a WeWork office facility on August 14, 2019 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images Without the Softbank bailout deal, reeling space-sharing company WeWork would have been out of money by next Friday, sources tell CNBC’s David Faber. WeWork announced Tuesday that Japanese conglomerate …
One Medical, backed by Alphabet, has hired banks ahead of an IPO
Amir Rubin, new CEO of One Medical One Medical One Medical, a chain of primary care clinics that’s backed by Google’s parent company Alphabet and tries to bring a modern feel to the typical doctor’s office, has hired banks including J.P. Morgan and Morgan Stanley for its IPO, according to people familiar with the matter. The …
