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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 […]

Nuro Granted Permit to Deploy Autonomous Vehicles in California

Mountain View based robotics company Nuro received first ever permit from authorities allowing the company to commercially disperse its autonomous vehicles in California. This means good news to Nuro since it will now be able to charge its clients for self-driving delivery services. Since 2017 the company has been testing autonomous vehicles in California’s roads […]

Ouster Aiming to go Public in a $1.9 Billion Deal

U.S based startup which manufactures lidar sensors for self-driving cars and smart cities Ouster Inc. will be tapping into a merger deal with a blank-check acquisition company to go public. This was revealed by involved sources which said the deal will give Ouster a market valuation of $1.9 billion. The Special Purpose Acquisition Company (SPAC) […]

ByteDance to Purchase Stake in Mobile Games Company CMGE

TikTok owner ByteDance is engaging mobile games company CMGE Technology Group Ltd (HKG: 0302) with an aim of acquiring stake in the China based games publisher. This information was revealed by insiders who claimed ByteDance want invest in CMGE as a way of diversifying its growth. The gaming industry has been experiencing a boom during […]

Walmart Partners With TikTok to Sell Items During a Livestream

Multinational retailer Walmart Inc. (WMT) announced having entered an agreement with Chinese short video sharing app Tiktok giving Walmart an opportunity to sell items during a livestream by creators featuring fashion merchandise from Walmart. Currently TikTok records an average of 100 million United States users per month. These users will now be able to buy […]

ContextLogic Raises $1.1 Billion From IPO

ContextLogic Inc. the developer of leading mobile shopping app Wish raised $1.1 billion from its initial public offering held on December 15. In the IPO the company sold its shares at $24 a piece which was the highest price according to the targeted range of $22 and $24 per share issued by the company earlier. […]