Latest Stock offerings News

Spirit tells shareholders to reject hostile bid from JetBlue

May. 19, 2022 09:00 AM EDT

Spirit Airlines is advising shareholders to reject a tender offer for shares from JetBlue three days after it went hostile in its bid to create what would be the nation’s fifth largest airline. Spirit repeated Thursday that any attempt to merge with the New York carrier would face...

Rebuffed by Spirit, JetBlue goes hostile in takeover bid

May. 16, 2022 16:56 PM EDT

JetBlue launched a hostile takeover bid for Spirit Airlines on Monday and asked shareholders of the low-cost carrier to reject a proposed acquisition by Frontier Airlines. JetBlue hopes that its move will push Spirit's board to the negotiating table after the board rejected an...

India's state insurance company to list in biggest IPO

May. 04, 2022 03:04 AM EDT

NEW DELHI (AP) — A much-awaited initial public offering for India’s state-run Life Insurance Corp. began this week with retail investors allowed to subscribe for its shares starting Wednesday. The IPO, expected to raise up to $2.74 billion, is India's largest ever. Its partial...

Dubai's DEWA utility goes public after raising $6B in IPO

Apr. 12, 2022 07:51 AM EDT

DUBAI, United Arab Emirates (AP) — Dubai’s Water and Electricity Authority, known as DEWA, began trading for the first time on Tuesday, after raising just over $6 billion during its initial public offering, making it the second largest offering ever in the Middle East. While that...

BuzzFeed cutting jobs, top editors leaving news division

Mar. 22, 2022 17:41 PM EDT

BuzzFeed is shrinking and shifting the focus of its Pulitzer prize-winning news division as the digital media company, best known for its lighthearted lists and quizzes, strives to increase its profitability. The New York-based company is offering voluntary buyouts in its...

Dubai's state-owned water, power utility plans public offer

Mar. 15, 2022 06:53 AM EDT

DUBAI, United Arab Emirates (AP) — Dubai's state-owned utility announced Tuesday it will list a sliver of its worth on the emirate's stock exchange, hoping to ride a recent wave of initial public offerings in the Gulf Arab states while avoiding the stumbles of past IPOs. The Dubai...

Packers' latest stock offering produces $65.8 million

Mar. 10, 2022 14:36 PM EST

GREEN BAY, Wis. (AP) — The Green Bay Packers’ latest stock offering raised $65.8 million and produced 176,160 new shareholders for the NFL’s only publicly owned franchise. This marked the Packers’ sixth stock offering, and first since 2011. The Packers sold...