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Short Video Company Kuaishou to Open Books for $5 Billion Hong Kong IPO

Kuaishou Technology Co Ltd the parent company of chinese short video sharing app Kuaishou is set to open its books for its upcoming initial public offering in the Hong Kong stock exchange from which it will seek to raise $5 billion. The company will open its book for the IPO next week on Monday 25 […]

Sennder Gains $1 Billion Valuation After Raising $160 Million from Investors

Europe based digital road freight startup Sennder announced having raised $160 million from the last investing round it held with its investors on January 14. This leaves the company with a valuation of over $1 billion. This latest financing round was backed by HV Capital, Lakestar, Scania and Accel. Following this round, Sennder has now […]

Vanguard Sells Stakes in Blacklisted Chinese Companies

United States based investment advisor Vanguard Group has sold stakes it held in Chinese companies blacklisted by the government of United States. Trump’s administration prohibited Americans from investing or dealing with some Chinese companies which it claimed have links with China’s military. The top mutual fund said the sell of its stakes in involved companies […]

Telus International Files for a U.S IPO of $100 Million

Canada based telecommunication company Telus International (CDA) filed with United States regulators seeking a U.S initial public offering of up to $100 million. Telus is mainly involved in providing multilingual customer service outsourcing and digital IT to clients across the world. The company says it’s looking forward to apply for its subordinate shares to get […]

Achronix to go Public Through a SPAC Merger Deal

Fabless semiconductor company Achronix Semiconductor Corp said it will be going public via merger with a Special Purpose Acquisition Company (SPAC) ACE Convergence Acquisition Corp in a $2.1 billion deal. Achronix says among its top reasons to go public is to diverge into new products and increase its growth rate. Due to some pending regulatory […]

Nyakaa Seeking a United States IPO and a $3 Billion Valuation

India based cosmetics retailing startup Nyakaa is planning to go public by next year in the United States markets. Nyakaa is looking forward for the IPO to leave it with a market valuation of around $3 billion. Nyakaa is backed by private equity firm TPG and the company is an application based startup. Nyakaa was […]

Twitter to Purchase Social Podcast App Breaker

Social podcasting app Breaker announced that it will be acquired by widely used social network Twitter Inc. (TWTR). Following the acquisition breaker will shut down its website and app in the coming week. “The Breaker team is joining Twitter! We’re excited to build the future of public conversations. Breaker will be shutting down on Jan […]

Hut group to Purchase Dermstore for $350 Million

Britain based online retailer The Hut Group (LON: THG) has announced its upcoming plan to acquire fellow online retailer Dermstore from its current owner Target Corp. (TGT) in a deal worth $350 million. Hut will be using this acquisition to increase the influence of its beauty products across United States. The company owns several retail […]

Mytheresa’s Parent Company Files for U.S IPO

The parent company of German based online luxury retailer Mytheresa Group known as MYT Netherlands Parent B.V has filed for an initial public offering to be listed in United States financial markets. Mytheresa sells clothes from world leading fashion brands including Burberry, Prada and Gucci. In the third quarter results for the period ending September […]

Spinning Eagle To Go Public in a $1.5 Billion IPO

Blank Check Company Spinning Eagle Acquisition Corp is planning to go public in a $1.5 billion initial public offering. The company founded by Hollywood film producer Jeff Sagansky has already filed for its IPO with the regulators. Sagansky is a former president of CBS Entertainment. Sagansky has also invested in other companies including gaming company […]