Electric carmaker Rivian prepares for highly-anticipated $66.5 billion IPO
10 November 2021 | 11:59 am
US electric vehicle maker Rivian is set to make its debut on Wall Street at $78 a share, in one of the biggest initial public offerings ever. Also, director Peter Jackson sells his visual effects firm for $1.6 billion and a legendary Parisian department store gears up for a busy holiday shopping season after a 16-year hiatus.
24 Oct 2018
The owners of miner Coronado Global Resources Inc. raised about A$774 million ($550 million) in Australia’s biggest coal initial public offering after selling securities at the bottom end of the marketed range.
21 Nov 2018
Bloomberg's Eric Newcomer reports on Uber Technologies Inc.'s global expansion plans ahead of its initial public offering.
12 Dec 2018
Tencent Music is set to begin trading in the U.S. Wednesday after pricing one share at $13 - toward the lower end of its midpoint range. China's music-streaming service is pinning its fortunes on a rising tide of listeners but challenges abound.
10 Apr 2019
Uber is said to be planning to publicly file for a listing as early as this Thursday. The global ride-hailing company is seeking to raise about $10B in the floatation which could value it as much as $120B.
16 Apr 2019
Jumia's share price rose to 25 dollars 46 cents at the close of trading on Friday as investors on the New York Stock Exchange warmed up to the retailers listing. Juliet Anammah, CEO of Jumia Nigeria joins CNBC Africa from New York to discuss the company’s strategy going forward.
26 Apr 2019
Uber Technologies Inc. is planning to start marketing shares in a price range of about $44 to $50 each in its initial public offering, which could value the ride-hailing company at $80 billion to $90 billion, according to people familiar with the matter. Bloomberg's Eric Newcomer reports on "Bloomberg Technology."
9 May 2019
Fountain Chief Operating Officer Micah Rowland and Bloomberg's Eric Newcomer discuss the strike by Uber Technologies Inc. drivers with Bloomberg's Emily Chang on "Bloomberg Technology."
13 May 2019
Uber shares resume trading today, more than 7% below their offering price after Friday’s flop. Shareholder SoftBank was one of the biggest victims, shedding $9B in market value.
26 May 2019
Ev Williams, chief executive officer of Medium and co-founder of Twitter Inc., discusses the future of social media and the Beyond Meat initial public offering with Bloomberg's Jon Erlichman on "Bloomberg Technology."
18 Jun 2019
Work collaboration tool Slack is going public this week, but not with an IPO. The company is opting for a direct listing allowing it's investors and employees to sell their existing shares immediately. The company has a current valuation of $16.5 billion. Bloomberg's Emily Chang reports. Disclosure: Bloomberg Beta, the venture capital arm of Bloomberg LP, is an investor in Slack.
22 mins ago
US oil company ExxonMobil recorded a net profit of $56 billion last year, beating its previous 2008 record. It benefitted from a surge in prices following the Russian invasion of Ukraine and a cost-cutting drive during the pandemic.
22 mins ago
Getting enough sleep is essential to good health, but millions of people struggle with it. As a result, many of us turn to calming music in the hopes that it will lull us to sleep.
22 mins ago
Australia will replace the portrait of Queen Elizabeth II on its $5 banknote with a new design to reflect and honor the history of its Indigenous culture. King Charles III will feature on Australian coins, though.
23 mins ago
Women in low-income communities in India learn how to use energy efficiently. It’s a win-win for the climate as well as the household budget. For many it is the first time they understand the connection between fossil fuels and global warming.
3 hours ago
Scientists in Brazil are hopeful that a campaign to vaccinate endangered monkeys against yellow fever could save them from extinction. The last outbreak of the disease decimated the population of highly vulnerable golden lion tamarin monkeys.
3 hours ago
For months, European leaders have sought a united response to the US Inflation Reduction Act, or IRA. That plan, announced by the White House last year, favours American-made climate technology through subsidies and tax credits. But EU chiefs say the policy discriminates against Washington's closest partner, Europe.