IPO

Business

$2.5 billion wiped from Peloton’s market value as shares tumble below IPO price

Shares of Peloton closed down 23.9% at $24.22 on Thursday, wiping roughly $2.5 billion off of its market value. The…

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Business

Record IPO rush of 2021 led to historically dismal returns for investors with no relief in sight

A Rivian R1T electric pickup truck during the company’s IPO outside the Nasdaq MarketSite in New York, on Wednesday, Nov.…

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Automobile

Ford sees $8.2 billion gain on its investment following Rivian’s IPO

Ford Motor Co. expects to record a gain of $8.2 billion in the fourth quarter on its investment in Rivian…

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Business

Fintech start-up MX names new CEO as firm prepares for sale or IPO

Shane Evans, interim CEO of fintech platform MX. Courtesy: MX Fintech start-up MX has named Shane Evans its interim CEO…

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Business

Reddit taps Morgan Stanley, Goldman Sachs for IPO: Reuters source

Social media platform Reddit Inc, whose message boards became central to meme stock trading frenzy in 2021, is tapping…

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Automobile

Rivian stock dips below IPO price as Detroit EVs loom

Shares of Rivian Automotive Inc briefly fell below their IPO price on Thursday in a broader selloff among electric vehicle…

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Business

Sweetgreen stock is one to watch in 2022 after this year’s IPO

Jonathan Neman, Nicolas Jammet, and Nathaniel Ru, Sweetgreen at the NYSE, November 18, 2021 Source: NYSE In a year that…

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Business

SenseTime shares jump more than 20% on delayed Hong Kong IPO

Shares in SenseTime jumped more than 20 per cent on its first day of trading almost three weeks after it…

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United Kingdom

Do not write off London’s IPO market as a lost cause

It was the year that London’s equity markets got what they wanted. Large tech listings from founder-led businesses in growth…

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Automobile

Barra dismissed Cruise CEO Dan Ammann over mission, IPO timing, report says

It’s an ignominious end for Ammann’s decade of work at GM. He was part of Morgan Stanley’s restructuring and IPO…

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