Among other proposals, Paytm founder Vijay Shekhar Sharma is also expected to be declassified from his status as ‘promoter’ of the company, in accordance with public listing rules set out by markets regulator, Securities and Exchange Board of India (Sebi). The proposal, among others, will be put to vote at the company’s extra-ordinary general meeting… Continue reading India: Paytm to issue fresh equity shares worth $1.6b before IPO
Tag: Morgan
China’s Didi ropes in five more banks to work on mega US IPO …
China’s biggest ride-hailing company Didi Chuxing has appointed five more investment banks to work as book runners on its US initial public offering (IPO) worth up to $10 billion, sources with direct knowledge of the matter said. Didi, whose IPO could be the largest by a Chinese firm in the United States in seven years, has given… Continue reading China’s Didi ropes in five more banks to work on mega US IPO …
STENA AB Announces Tender Offer Expiration and Final Results
GOTHENBURG, Sweden, June 16, 2021 /PRNewswire/ — Stena AB (the “Company“) announced today the expiration and final tender results of the Company’s previously announced cash tender offer (the “Tender Offer“) to purchase a portion of its 7.00% Senior Notes due 2024 (the “Notes“) in a principal amount of up to $250,000,000 (the “Tender Cap“). The Tender… Continue reading STENA AB Announces Tender Offer Expiration and Final Results
Alibaba Health-backed medical data company LinkDoc files for US IPO …
LinkDoc Technology Ltd, a medical data company backed by a subsidiary of Alibaba Health Information Technology Ltd, filed for an initial public offering in the United States on Monday. The Beijing-based company, which offers cancer-focused healthcare services, reported a 41% jump in revenue for the three months ended March 31, according to the filing. For… Continue reading Alibaba Health-backed medical data company LinkDoc files for US IPO …
Lordstown Motors, a GM investment, announces resignation of CEO, CFO in major shake-up
The troubled electric truck maker Lordstown Motors announced the immediate resignation of its CEO and CFO on Monday. The EV startup, which owns General Motors’ former Lordstown Assembly plant in northeast Ohio, also released the findings from an internal investigation of accusations of fraud made by the Hindenburg research firm. The investigation found most of the accusations… Continue reading Lordstown Motors, a GM investment, announces resignation of CEO, CFO in major shake-up
PEXA prepares for July debut in biggest Australian IPO of 2021
Online property company PEXA Group Ltd is set to make its Australian market debut on July 1 after filing a prospectus on Monday for what would be the country’s largest initial public offering (IPO) this year. The hotly anticipated IPO comes as Australian house prices skyrocket thanks to record-low borrowing rates and government incentives that… Continue reading PEXA prepares for July debut in biggest Australian IPO of 2021
India: Soma Comstar raises $333m from anchor investors ahead of IPO …
PowerGrid InvIT and SBI Cards raised ₹3480 crore and ₹2769 crore, respectively, from anchor investors. The auto components major allocated 8.6 crore shares at ₹291 apiece to 42 anchor investors, aggregating the total to ₹2,498 crore, according to a circular uploaded on the BSE website. Government of Singapore Investment Corporate (GIC) and Monetary Authority of Singapore (MAS) together… Continue reading India: Soma Comstar raises $333m from anchor investors ahead of IPO …
10 Best ADR Stocks to Buy in 2021
In this article we discuss the 10 best ADR stocks to buy In 2021. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best ADR Stocks to Buy in 2021. Investors in the United States have been steadily pouring money into foreign equities ever since the process was… Continue reading 10 Best ADR Stocks to Buy in 2021
An over $1 million custom mid-engine Dodge Charger was built for Dominic Toretto to drive in ‘Fast 9’ – Business Insider India
Warning: There are very minor spoilers ahead for “F9.” Dominic Toretto drives a sleek 1968 mid-engine Dodge Charger in the new film. The car was custom built using new and old technology and cost over $1 million to create. Dominic Toretto’s iconic Dodge Charger gets a major upgrade in “Fast 9.“ In part of the… Continue reading An over $1 million custom mid-engine Dodge Charger was built for Dominic Toretto to drive in ‘Fast 9’ – Business Insider India
75% of C-level executives in the U.S. retail, hotel and restaurant sectors* admit to a seismic shift towards digital commerce according to a study revealed by J.P. Morgan and FreedomPay
Groundbreaking data uncovers new attitudes and strategic change brought about by the historic head-on collision between technology and the global pandemic PHILADELPHIA, June 9, 2021 /PRNewswire/ — ‘PREPARING FOR THE RETURN OF DEMAND How America’s Retail & Hospitality Tech Elite Tackle Disruption with New Commerce Investment’, an independently conducted analysis of the views of America’s… Continue reading 75% of C-level executives in the U.S. retail, hotel and restaurant sectors* admit to a seismic shift towards digital commerce according to a study revealed by J.P. Morgan and FreedomPay