share capital
Procore Technologies Aims to Digitize Construction. Its IPO Gained 31%.
Text size Procore’s CFO says many construction companies still use pen, paper, and fax machines. Pojoslaw/Dreamstime Procore Technologies is looking to modernize the construction industry, which it says has been slow to adopt technology that could save vast amounts of money. Founded in 2003, Procore (ticker: PCOR) provides cloud-based construction-management software that enables its customers, …
GE stock sinks after proposing reverse stock split, confirming $30 billion AerCap deal
Shares of General Electric Co. slumped Wednesday, after the industrial conglomerate confirmed a $30 billion deal with AerCap Holdings NV, while also surprisingly proposing a 1-for-8 reverse stock split. GE, which hosted an analyst meeting early Wednesday, also provided 2021 financial guidance, in which the range for adjusted earnings was a bit downbeat, but the …
Oscar Health Could Raise $1 Billion in IPO Next Week
Text size A scene inside the Oscar Center in the Brooklyn borough of New York. Kholood Eid/Bloomberg Oscar Health, the insurance-technology company backed by Josh Kushner, is slated to go public early next month, two people familiar with the situation said. Oscar is scheduled to price its deal on March 2, and trade the next …
Tech IPO Bonanza Yields Riches for Venture-Capital Firms
More than $157 billion has been raised as of Thursday, according to data provider Dealogic—over a third of that in the past 11 weeks—and the number of listings is the largest since the final hurrah of the dot-com boom in 2000. The soaring public offerings are showering returns on some of the biggest names in …
China’s Health-Care Listings Break Records
Chinese health-care companies are enjoying a banner year, with an overhaul of the country’s health system and relaxed listing rules helping fuel a surge in share sales. More than 60 health-care companies from China have raised a total $16.3 billion from initial public offerings and secondary listings in Hong Kong, mainland China and elsewhere, according …
Uber Technologies Makes Takeover Approach to Grubhub
Uber Technologies Inc. is seeking to acquire Grubhub Inc. in an all-stock deal that would unite two of the biggest players in meal delivery at a time when the coronavirus pandemic has sparked a surge in demand for their services. Uber, which in addition to its flagship ride business operates a big meal-delivery unit known …
SoftBank to Take Control of WeWork
SoftBank Group Corp. won approval from WeWork’s board to take control of the troubled co-working startup, in a deal that would hand co-founder Adam Neumann nearly $1.7 billion and sever most of his ties with the company. WeWork, in danger of running out of cash in the coming weeks, chose a rescue offer from SoftBank …
WeWork CEO Adam Neumann Expected to Step Down
WeWork co-founder and Chief Executive Adam Neumann is expected to step down after the company’s much-anticipated initial public offering was derailed, capping a remarkably swift fall from grace for the leader of one of the country’s most valuable startups. Mr. Neumann and the company’s advisers have agreed that the best path forward for the office-sharing …