Chinese-founded fast-fashion online retailer Shein is laying off about two dozen employees at its Singapore headquarters, the company said on Wednesday, as the e-commerce firm restructures part of its business amid doubts about its initial public offering plan in London. More than 20 employees are affected by the lay-offs that are part of a restructuring … Read more
Shang Fulin, the former regulator of mainland China’s banking and securities sectors, has urged relevant authorities to loosen their grip on equity financing to bolster technological innovation. The role of China’s stock market must be played up to help investors and entrepreneurs better assess company valuations, mitigate risks and boost transactions, he told the Bund … Read more
New Delhi: Zomato’s rival Swiggy, set for its initial public offering (IPO) posted Rs 2,350 crore in net loss in the last fiscal year (FY24). The online food delivery platform, however, reduced the net loss by 44 per cent, from Rs 4,179 crore in FY23. The company saw its revenue grow 36 per cent to … Read more
Mumbai: Mahindra & Mahindra-backed motorcycle maker Classic Legends is planning an initial public offering (IPO) in the financial year starting April 1, 2026, cofounder Anupam Thareja said. The company manufactures and markets the Jawa, Yezdi and BSA motorcycle brands in India and overseas in the price range of ₹170,000 to ₹300,000. Classic Legends had acquired … Read more
ByteDance, whose short video hit TikTok is under pressure to exit the US market, said Philippe Laffont, founder of New York-based Coatue Management, has exited the company’s board of directors, replaced by French businessman Xavier Niel. The Chinese company’s official website currently lists four other board members: CEO and chairman Liang Rubo, Susquehanna International Group … Read more
Pat Gelsinger, CEO Intel, speaking on CNBC’s Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBC Intel executives are working with multiple advisors to formulate options to address its flagging business, according to a person with knowledge of the matter. Those advisors, which include Morgan Stanley and … Read more
Hyundai Motor, long the most successful foreign automaker on Indian roads, is hoping to regain market share from increasingly formidable domestic rivals by launching a series of new SUVs as it gears up for a $3 billion public listing in the country. The SUV rollout will begin with its first India-made electric vehicle early next … Read more
New Delhi: The initial public offering (IPO) season has warmed up and at least 25 companies, already approved by the market regulator SEBI, are planning to enter the market to raise about Rs 22,000 crore in the coming few weeks, analysts said on Friday. Despite the ups and downs in global stock markets, the Indian … Read more
Bhavish Aggarwal, Chief Executive Officer (CEO) of Ola Cabs and founder of Ola Electric speaks during a press conference ahead of the Initial Public Offer (IPO). Ashish Vaishnav | Sopa Images | Lightrocket | Getty Images Shares of Ola Electric surged 20% on their market debut on Friday, valuing the Indian electric vehicle startup at … Read more
Opinions expressed by Entrepreneur contributors are their own. Navigating a startup’s IPO process is a crucial moment for any company. As a late-stage VC investor, I’ve invested in several companies through this challenging phase. Here, I’ll share my key strategies and actionable advice for balancing innovation with compliance to ensure a successful public offering. 1. … Read more
