Latest Initial public offerings News

Reports: Some WeWork directors seek to remove CEO

Sep. 22, 2019 6:04 PM EDT

NEW YORK (AP) — Some members of the WeWork board are unhappy with its leadership and plan to push WeWork CEO Adam Neumann to give up that title, according to several media reports. The reports say the board members are connected to Japanese firm SoftBank Group, WeWork's biggest investor. The Wall Street...

Airbnb says it will go public in 2020

Sep. 19, 2019 4:37 PM EDT

Airbnb Inc. said Thursday it plans to go public in 2020, a long-awaited move by the home-sharing company that is both loved and reviled for its disruption of the hotel business. Airbnb disclosed the news in a brief statement. It didn't give a target date for the initial public offering or say why it thinks the...

WeWork delays its IPO amid tepid investor interest

Sep. 17, 2019 4:03 PM EDT

NEW YORK (AP) — WeWork's parent company put its stock market debut on the backburner Tuesday, struggling to drum up investor enthusiasm for a fast-growing enterprise that spread trendy communal office spaces across the globe while piling up massive losses. The We Company dropped plans to begin a so-called...

World's top brewer revives listing plans, halves IPO size

Sep. 17, 2019 8:03 AM EDT

HONG KONG (AP) — AB InBev, the world's largest brewer that produces Budweiser and Corona, on Tuesday revived plans to list its Asian business in Hong Kong but halved the size of its initial public offering to $4.8 billion. The move comes two months after it temporarily shelved plans to raise $9.8 billion...

Hong Kong leader: PR firms decline to restore city's image

Sep. 17, 2019 7:28 AM EDT

HONG KONG (AP) — Hong Kong leader Carrie Lam said Tuesday that international public relations firms have turned down the government's requests to help restore the city's reputation after months of pro-democracy protests. The firms responded that "the time is not right" as the violence and unrest in the...

Oil plant attacks show Aramco's entanglement with Saudi govt

Sep. 15, 2019 11:44 PM EDT

DUBAI, United Arab Emirates (AP) — The attack on one of the world's largest crude oil processing plants that cut global oil supplies is the most visible sign yet of how Aramco's stability and security is directly linked to that of its owner — the Saudi government and its ruling family. The strikes,...

J.Crew's Madewell brand files for IPO

Sep. 13, 2019 6:04 PM EDT

NEW YORK (AP) — Madewell, the fast-growing brand owned by J.Crew, has filed to become its own separate public company. Known for its jeans, Madewell has thrived as J.Crew has fallen out of fashion. In the most recent quarter, sales at established J.Crew stores fell 4%, while they rose 10% at Madewell....

WeWork to list shares on Nasdaq, reduce CEO's voting power

Sep. 13, 2019 4:40 PM EDT

NEW YORK (AP) — WeWork's parent company announced major changes in its corporate governance practices Friday as it revealed plans to list shares on the Nasdaq. The office-sharing company is pressing on with its highly anticipated stock market debut — expected later this month — despite doubts...

Peloton plans to raise up to $1.3B in IPO

Sep. 11, 2019 7:22 AM EDT

NEW YORK (AP) — The connected exercise machine company Peloton plans to raise as much as $1.3 billion in an initial public offering of stock. The New York company, known for its stationary bikes that allow users to stream workouts live or on-demand, says it plans to offer 40 million shares. Underwriters...

Saudi Aramco CEO signals local listing coming 'very soon'

Sep. 10, 2019 4:57 AM EDT

ABU DHABI, United Arab Emirates (AP) — The chief executive of Saudi Aramco, the state-owned oil firm that is seen as the kingdom's crown jewel, said Tuesday that the company is ready for a local listing on the kingdom's stock exchange and that it will happen "very soon." Amin Nasser declined to say how...