ByteDance, China’s most valuable unicorn and the owner of TikTok, has started a new round of share buy-backs for its global employees that price the equity higher than the previous round, according to two people familiar with the matter. The Beijing-based company has offered to purchase shares from staff at US$170.81 each, up nearly 7 … Read more
Last month, Reddit gave 75,000 power users first dibs on stock before the company goes public later this year. Though Reddit may have pitched the move as a “special program,” popular opinions within the Reddit community show that reception has been mixed. “I got requested to join the IPO, and I ain’t taking that risk,” … Read more
A new investment platform that allows fans to buy and sell shares in the future on-the-field earnings of college and professional athletes has received federal approval to begin trading on the US stock market. Denver Broncos linebacker Baron Browning will headline Vestible Inc.’s initial offering the week of March 18. Vestible is entitled to 1% of Browning’s … Read more
Social media company Reddit filed its IPO prospectus with the Securities and Exchange Commission on Thursday after a yearslong run-up. The company plans to trade on the New York Stock Exchange under the ticker symbol “RDDT.” Its market debut, expected in March, will be the first major tech initial public offering of the year. It’s … Read more
Hyundai Motor’s planned $3 billion IPO in India will help the carmaker score two goals in one go: expand in one of the world’s fastest growing markets and tackle the so-called “Korea discount” that suppresses the value of its business back home. Hyundai, India’s second-biggest carmaker behind Maruti Suzuki with a 15% market share, has … Read more
New Delhi: Bhavish Aggarwal-led Ola Electric has received certification for its S1 Pro (Gen-2) electric scooter under the government’s production-linked incentive (PLI) scheme for the automobile and auto component industry. Sources told IANS on Saturday that the IPO-bound company had applied for the PLI certification for S1 Pro in October and received the certification this … Read more
Mumbai: South Korea’s Hyundai Motor Co is evaluating a plan to list its local unit to take advantage of India’s IPO boom, said people with knowledge of the matter. The move, which comes nearly three decades after Hyundai Motor India (HMIL) was launched, could be the country’s largest initial public offering if it comes to … Read more
ByteDance, owner of global short video hit TikTok and its Chinese sibling Douyin, has adjusted its payroll policy to allow employees to sell their stock options faster, as plans for an initial public offering (IPO) remain in limbo. Under the new rule, applicable to ByteDance’s 110,000 employees worldwide, workers will receive 20 per cent of … Read more
Shares of Alibaba-backed Robosense Technology fell 2% on its Friday debut in the first new listing on the Hong Kong stock exchange this year. Robosense, a Chinese developer of laser imaging, detection and ranging (LiDAR) sensors for self-driving cars, announced January that it had raised HK$985.12 million ($126.14 million) in its IPO by offering 22.9 … Read more
Scooters take over SXSW in Austin, TX As the last decade came to an end, it was easy for a young engineer to hop on a Bird scooter and ride it to a nearby WeWork office, home to the hottest new crypto startup. Then came Covid. Electric scooters and coworking spaces were no longer important, … Read more
