Moving by Airbnb Inc. lowering its cloud storage costs in the run-up to its December 2020 IPO has made it better prepared for the possibility of an economic downturn, the home-sharing company said. Analysts say its efforts offer a template for other companies looking to get a handle on spending as more IT shifts to … Read more
Instacart Inc. will pay out its first company-wide cash bonuses starting in December, people familiar with the matter said, as the grocery purveyor aims to motivate staff after delaying its initial public offering. The cash bonus is a shift in the company’s efforts to reward and retain employees. Instacart has historically given out stock rewards … Read more
Volkswagen VOW -1.72% risk learning the wrong lesson by taking Porsche public. In his first quarterly call with investors since taking the top job at VW, Chief Executive Oliver Blume said on Friday that the “huge success” of last month’s initial public offering of Porsche would be a “role model” for all the group’s brands. … Read more
By Corrie Driebusch and Tim Higgins 26 October 2022 at 11:55 a.m. ET Shares in Mobileye MBLY 31.43% Global Inc. rose 27% out of the gate in their trading debut, in one of the year’s highest-profile and largest IPOs. Intel Corp.’s INTC 0.27% automated car driving unit initially traded at $26.71, above the IPO of … Read more
Intel Corp.’s INTC -1.28% the self-driving car unit Mobileye Global Inc. priced its initial public offering at $21 a share, a dollar above the top of its target, according to people close to the deal. Mobileye raised $861 million by selling 41 million shares, valuing the company at about $17 billion, the people said. That’s … Read more
General Atlantic is buying Iron Park Capital Partners LP, executives said, as the big investment firm seeks to expand its lending capabilities in what is shaping up to be a golden age for private credit. Iron Park will become General Atlantic Credit, with Iron Park founder Tripp Smith becoming CEO of the entity, executives from … Read more
Intel Corp.’s INTC 0.85% the self-driving car unit Mobileye Global Inc. priced its initial public offering at $21 a share, a dollar above the top of its target, according to people close to the deal. Mobileye raised $861 million by selling 41 million shares, valuing the company at about $17 billion, the people said. That’s … Read more
The Nasdaq stock exchange has quietly halted IPOs by small Chinese companies, suspended approval letters and demanded more information about related parties in trades, after a series of rapid runs – and dramatic collapses – in IPOs this year. Shares of more than 20 newly listed companies have risen over 100% on their first day … Read more
It is unlikely that Instacart Inc. will launch an initial public offering this year, people familiar with the matter said, as turbulent financial markets dampen demand for new IPOs. Fidji Simo, CEO of Instacart, wrote in a memo Thursday to employees that tumultuous market conditions make an IPO for the grocery supplier “highly unlikely” in … Read more
Hong Kong’s stock exchange is planning new rules that will allow some technology and science companies that have yet to generate revenue to go public, its latest effort to boost the volume of initial public offerings. Hong Kong stock exchanges and clearing Ltd. 388 1.19% , operator of the exchange, wants to lower the bar … Read more