The Wall Street Journal on Thursday quoted Chinese officials who said dictator Xi Jinping personally intervened to block the $37 billion IPO for Ant Group, the online finance company established by China’s richest man, Jack Ma.
The beleaguered shared-workspace company WeWork is facing a new challenge in the form of an investigation by the New York State Attorney General, according to a new report.
Financially troubled “shared workspace” company WeWork has found a lifeline that will save the company from running out of cash but will result in a significant hit to its valuation, according to a new report.
WeWork is the latest casualty of the IPO bloodbath.
Saudi Arabian energy minister Prince Abdulaziz bin Salman said on Tuesday that oil production will be fully restored by the end of September following a drone and missile attack on oil facilities Yemen’s Houthi rebels have claimed.
Saudi energy giant Aramco is ready for a two-stage IPO but the timing is up to the government, its chief executive said Tuesday, flagging a possible foreign listing as part of the offering.
Uber is poised to bring massive returns to a slew of Hollywood celebrities who invested early, with an initial valuation of $82 billion.
Ride-sharing app Uber has finally admitted that the company may never be profitable, reminding many of the dot-com crash of the 2000’s.
This kind of imbalanced political giving is unusual in a public company. But not so uncommon in Silicon Valley.
Silicon Valley early-stage venture capital (VC) funding has been cut in half in the last two years, as venture capitalists are stuck with investments in mature companies that are not able to go public.
Fitch Credit Ratings has declared that the profitable doubling of U.S. oil drilling over the last 9 months means the reemerging U.S. shale boom is a potent threat to Saudi Arabia — despite the Saudis declaring a price war in 2014.
With the highly anticipated Snap, Inc. initial public offering (IPO) set to raise about $3.2 billion on March 1 by pricing shares at the high end of their expected range, a new report reveals that young social media consumers prefer Instagram, and millennial parents ages 45-to-54 are Snapchat’s only growth demographic.
A recent article in the popular Silicon Valley tech blog “TechCrunch” echoes Donald Trump’s call to “drain the swamp” — in this case, the swamp of money-losing investments in companies that make products for elites rather than ordinary people.
Started by two roommates in a Stanford dorm in 2011, Snapchat’s parent, Snap, Inc., filed with the SEC last week for a $3 billion initial public offering (IPO), but admit the company may never make a profit.
Snapchat’s social media parent, Snap, Inc., seemed headed for a $5 billion IPO until a former employee alleged in a conveniently timed lawsuit that the company misrepresented its financial position and pressured him for proprietary secrets about his former employer, Facebook.
Bloomberg reported Wednesday that the social media juggernaut Snapchat has filed to go public at the jaw-dropping valuation of up to $40 billion.
With Snapchat leaking that the company is planning a quick initial public offering (IPO) at a $25 billion valuation, the real motivation for speeding up the deal may be the ability of Instagram Stories to grow to from scratch to 60 percent of Snapchat’s user base in just 10 weeks.
Silicon Valley has been suffering a tech IPO drought, but the dam may have broken after data software company Talend, Inc. jumped 42 percent on its first day of trading. Talend raised $94.5 million in its July 29 initial public
In the 1985 James Bond classic A View to a Kill, super-villain Max Zorin (Christopher Walken) plots to destroy Silicon Valley. That was fiction, of course — but this year, tech start-ups have suffered 70 “down-rounds” as venture capitalists have suddenly demanded that companies become profitable.
Cybersecurity leader SecureWorks Corp. may be the first tech IPO filing that actually completes an initial public offering (IPO) in 2016.
So-called “unicorn” tech companies in Silicon Valley valued at over $1 billion by private equity investors are becoming “unicorpses.”
A federal judge has ruled that Facebook must face two class action lawsuits claiming the company concealed slowing ad growth in its initial public offering (IPO) in 2012, and helped its underwriters make a $2.4 billion profit by shorting 63 million shares on inside information.
The tech sector is no longer the hottest place to be on the stock market. Initial public offerings (IPOs) have plummeted in tech in 2015, putting the sector behind health care and financial companies.
With the “one percent” paying more than 50 percent of state taxes, a sustained stock market crash would shrivel California’s “one-time” capital gains taxes and throw the Golden State back into a financial crisis.
If Robin Leach visited the headquarters of Fibit, Inc. in San Francisco today, it would be all “champagne wishes and caviar dreams” as the leading wearable fitness tracker raised $793.5 million at a stunning valuation of $4.1 billion in the largest initial public offering (IPO) by any consumer electronics company in history.
The Blue Bottle Coffee, the Bay Area foodies’ favorite coffee house, merged with the Tartine Bakery and Café in April. Now, the combined artisan food company has raised $70 million in venture capital to be the “next big thing.”
California’s Employment Development Department (EDD) announced that job growth in tech-strong Santa Clara County, a.k.a. Silicon Valley, hit 5.2 percent in February. Employment growth is now at the highest point since the Dot-com Bubble in 2001.
Although the ink is barely dry on the $485.6 million venture capital funding for Snapchat that valued the company at about $10 billion, Bloomberg reports that Snapchat is looking to raise another $500 million at a valuation of up to $19 billion. That would make the messaging platform the third-most-valuable venture startup on the planet, just behind Xiaomi and Uber. It also would value the company at 92.5% of what was considered a jaw-dropping value of $22 billion paid by Facebook to buy WhatsApp.