Companies > Service

Jack Ma's Ant Group raises its funding target to $35 billion, likely making it the largest IPO ever

1 month ago   |   By Business Insider

Summary List Placement
Jack Ma's Ant Group seeks to raise its funding target to $35 billion through its initial-public-offering, according to Bloomberg.
Ant, which is Alibaba's fintech arm and China's dominant mobile-payments service, has raised its valuation to $250 billion from $225 billion. Previously, the company expected to raise $30 billion.
When Ant goes public, its listing will likely be larger even than Saudi Aramco's record-shattering $25.6 billion IPO late last year.
Visit Business Insider's homepage for more stories .
Billionaire Jack Ma's Ant Group is seeking to lift its...
Read more ...

 

Arm's cofounder warned Donald Trump will take the 'opportunity to screw China' with $40 billion Nvidia deal

Arm's cofounder warned Donald Trump will take the 'opportunity to screw China' with $40 billion Nvidia deal

1 month ago   |   By Business Insider

Summary List Placement
Hermann Hauser, cofounder of chip designer Arm, has warned US President Donald Trump will use the company "to screw China" if its $40 billion sale to Nvidia goes ahead.
SoftBank-which purchased Arm in 2016 for $32 billion- reached an agreement to sell the firm to Nvidia in a cash-and-stock deal earlier this month.
Speaking to Business Insider, Hauser warned Trump would consider the so-called "special relationship" between the US and the UK a "minor issue" compared to the ongoing trade war with China.
"The real danger is that - if this deal goes through - British...
Read more ...

 


Search by Tags

   Service      Companies      Exchange      Business      Bloomberg      Company      Fund      Services      China      Technology      Tech      Sale      Trading      Technologies  


US stocks cap off worst week since March as mega-cap tech outlook...

US stocks cap off worst week since March as mega-cap tech outlook disappoints traders

Summary List Placement US stocks sold off on Friday after mega-cap tech earnings results didn't satisfy investor demand for future growth. Alphabet, Amazon, Apple, and Facebook... Read more ...

Paul Jacobson leaving Delta Air Lines to become General Motors CFO

Paul Jacobson leaving Delta Air Lines to become General Motors CFO

Longtime Delta executive Paul Jacobson is leaving the company for a new role with General Motors. Jacobson, who has served as Delta Air Lines Inc. chief financial officer since... Read more ...

Daily Crunch: Under Armour is selling MyFitnessPal

Daily Crunch: Under Armour is selling MyFitnessPal

Under Armour gives up on one of its big acquisitions, Uber Eats faces complaints over its free delivery policy for Black restaurants and Facebook takes another step to limit... Read more ...

Broadridge Earns 98 Cents per Share

Broadridge Earns 98 Cents per Share

This morning, Broadridge Financial Solutions reported fiscal Q1 earnings of 98 cents per share. That's a huge beat. Wall Street had been expecting 63 cents per... Read more ...

US stocks tumble amid mega-cap tech growth concerns after earnings

US stocks tumble amid mega-cap tech growth concerns after earnings

Summary List Placement US stocks tumbled on Friday after mega-cap tech earnings results didn't satisfy investor demand for future growth. Alphabet, Amazon, Apple, and Facebook... Read more ...

Ohio utility at center of $60 million bribery case fires CEO

Ohio utility at center of $60 million bribery case fires CEO

TOLEDO, Ohio - A power company under investigation for its role in an alleged $60 million bribery scheme involving one of Ohio's most powerful politicians fired its chief... Read more ...

AWS releases models and datasets to help predict COVID-19's spread

AWS releases models and datasets to help predict COVID-19's spread

Amazon Web Services released open source datasets and models that could help predict the spread of COVID-19. Read more ...

Small Private Company Finalist: Wise cuts costs and paid off debt, allowing...

Small Private Company Finalist: Wise cuts costs and paid off debt, allowing GrassRoots to expand by franchise

Chief financial officer in family-owned GrassRoots Tree and Turf Care since 2015, Sharon Wise is credited with getting the company out of debt and back in the black... Read more ...

There are only 2 places where you can buy a money order with a credit card...

There are only 2 places where you can buy a money order with a credit card - but it's better to pay with cash anyway to avoid extra charges

Summary List Placement A money order lets you move funds from one place to another, but unlike a check it represents guaranteed funds, so it can't bounce. You need to purchase... Read more ...

'Gearing up for a big 4Q with fulfillment and COVID investment': Here's what...

'Gearing up for a big 4Q with fulfillment and COVID investment': Here's what 4 Wall Street analysts had to say about Amazon's 3rd-quarter earnings report

Summary List Placement Amazon posted a strong third-quarter earnings beat on Thursday, but its stock suffered in Friday trades on a tepid fourth-quarter outlook. Amazon CEO... Read more ...