Latest Stock offerings News

WeWork loses $1.25 billion in third quarter

Nov. 14, 2019 4:12 PM EST

NEW YORK (AP) — WeWork racked up $1.25 billion in losses in the third quarter as it geared up for, and ultimately scuttled, its debut as a public company. WeWork’s losses more than doubled between June-September, compared with the same period the previous year, as the office-sharing company spent...

Alibaba moves closer to Hong Kong stock listing

Nov. 13, 2019 9:30 AM EST

NEW YORK (AP) — China’s Alibaba moved closer Wednesday to its anticipated listing in Hong Kong. The online retail giant filed an application to list its shares on the Hong Kong Stock Exchange, though it did not provide details on the amount of the new offering. It has long been expected to launch a...

Saudi Aramco takes another step toward 1st public offering

Nov. 10, 2019 4:51 AM EST

DUBAI, United Arab Emirates (AP) — Saudi Arabia's state-owned oil giant Aramco released a lengthy document late Saturday that lays the ground for investors to buy into the world's most profitable company, but it remains unknown how much is on offer. In its preliminary prospectus, Aramco revealed that it...

Saudi Arabia formally starts IPO of oil firm Saudi Aramco

Nov. 3, 2019 7:33 AM EST

DHAHRAN, Saudi Arabia (AP) — Saudi Arabia formally began an initial public offering Sunday of a sliver of oil giant Saudi Aramco after years of delay, hoping international and local investors will pay billions of dollars for a stake in the kingdom's crown jewels. An approval by Saudi Arabia's Capital...

Saudi Arabia announces the start of the initial public offering of its state oil giant Saudi Aramco

Nov. 3, 2019 1:43 AM EDT
DUBAI, United Arab Emirates (AP) — Saudi Arabia announces the start of the initial public offering of its state oil giant Saudi Aramco.

Saudi energy minister: Saudi Aramco's public offering 'soon'

Oct. 30, 2019 6:29 AM EDT

RIYADH, Saudi Arabia (AP) — A planned stock offering of a small part of state-run oil giant Saudi Aramco "will come soon" and only at the direction of Saudi Arabia's crown prince, the kingdom's energy minister said Wednesday, further underlining the power of the 34-year-old royal. The minister, Prince...

Report: Saudi Aramco shares to start trading in December

Oct. 29, 2019 2:09 PM EDT

RIYADH, Saudi Arabia (AP) — A long-delayed initial public offering of the state-run oil giant Saudi Aramco will see its shares traded on Riyadh's stock exchange in December, a Saudi-owned satellite news channel reported Tuesday as the kingdom's showcase investment forum began. The report by Dubai-based...

Saudi-owned Al-Arabiya TV says start of initial public offering of state oil giant Saudi Aramco planned for December 4

Oct. 29, 2019 3:27 AM EDT
RIYADH, Saudi Arabia (AP) — Saudi-owned Al-Arabiya TV says start of initial public offering of state oil giant Saudi Aramco planned for December 4.

Investors return to Saudi Arabia as lucrative oil IPO looms

Oct. 28, 2019 3:42 PM EDT

RIYADH, Saudi Arabia (AP) — Lured by a long-looming stock offering of Saudi Arabia's massive state-run oil company, investors and business leaders have returned to the kingdom's capital for an investment forum that was overshadowed last year by the assassination of Washington Post columnist Jamal...

France's LVMH seeks to buy jeweler Tiffany for $14.5 bln

Oct. 28, 2019 10:37 AM EDT

PARIS (AP) — French luxury group LVMH is making a play for the iconic blue box. The conglomerate said Monday it has offered to buy Tiffany & Co. for $14.5 billion in cash, sending shares in the New York jeweler soaring. The purchase would add another household name to LVMH's plethora of upscale brands...