Latest Stock offerings News

Software giant SAP to spin off Qualtrics and take it public

Jul. 26, 2020 7:56 PM EDT

NEW YORK (AP) — SAP says it plans to spin off Qualtrics and take it public less than two years after acquiring the survey-software provider. SAP said Sunday it will retain majority ownership of Qualtrics' shares. The German software giant announced in November 2018 that it agreed to pay $8 billion cash for...

The app for Alipay, the mobile payments service operated by Ant Group, is seen on a smartphone in Beijing on Monday, July 20, 2020. Ant Group, the online payments arm of e-commerce giant Alibaba Group, announced plans Monday for an initial public stock offering that could become the world's biggest since the start of the coronavirus pandemic. (AP Photo/Ng Han Guan)

Alibaba-backed Ant Group to go public in Shanghai, Hong Kong

Jul. 20, 2020 7:24 AM EDT

HONG KONG (AP) — Ant Group, the online payments arm of e-commerce giant Alibaba Group, announced plans Monday for an initial public stock offering that could become the world’s biggest since the coronavirus pandemic began. Ant, valued at $150 billion after a 2018 private fundraising round, gave no...

Dan Gilbert would keep control under Quicken Loans IPO

Jul. 7, 2020 9:09 PM EDT

DETROIT (AP) — Quicken Loans would become part of Rocket Companies under an initial public stock offering that would keep founder Dan Gilbert in firm control. A filing Tuesday with the Securities and Exchange Commission said Gilbert would have control with 79% voting power in a multi-tiered stock...

FILE - In this July 21, 2016, file photo, entrepreneur Peter Thiel speaks during the final day of the Republican National Convention in Cleveland. The Silicon Valley data-mining firm Palantir Technologies says it has confidentially filed to go public, setting up what could be the biggest public stock offering of a technology company since Uber’s debut in 2019. (AP Photo/J. Scott Applewhite, File)

Data-mining firm Palantir files for stealth public offering

Jul. 7, 2020 12:38 PM EDT

The Silicon Valley data-mining firm Palantir Technologies confidentially filed to go public, setting up what could be the biggest stock offering from a technology company since Uber’s debut last year. Founded in 2004 by investors including Peter Thiel, the company works with governments, law enforcement...

Xu Lei, head of JD Retail, second from left, sounds the gong to mark the listing of JD.com on the Hong Kong Stock Exchange at the JD.com headquarters in Beijing on Thursday, June 18, 2020. Chinese e-commerce firm JD.com's stock jumped nearly 6% on its debut in Hong Kong on Thursday after the firm raised $3.9 billion in a share sale. (AP Photo/Ng Han Guan)

JD.com racks up $38B in sales in annual online shopping fest

Jun. 18, 2020 11:22 PM EDT

HONG KONG (AP) — JD.com's annual “618” online shopping extravaganza racked up a total of 269.2 billion yuan ($38 billion) worth of transactions, as consumers splurged during China's first major e-commerce sale since the pandemic began. This year's tally was 33% higher than last year's 201.5...

This May 23, 2020, photo shows rental vehicles parked outside a closed Hertz car rental office in south Denver. Hertz said Wednesday, June 17, it has put its plans to sell $500 million worth of stock on hold because the offering is being reviewed by the Securities and Exchange Commission. (AP Photo/David Zalubowski)

Hertz board scraps planned $500M stock sale amid SEC review

Jun. 18, 2020 4:42 PM EDT

Hertz has scrapped a plan to sell $500 million worth of stock, a move coming a day after the car rental company in the throes of bankruptcy reorganization disclosed that federal regulators were reviewing the proposed offering. In a regulatory filing Thursday, Hertz said that its board of directors determined that...

This May 23, 2020, photo shows rental vehicles parked outside a closed Hertz car rental office in south Denver. Hertz said Wednesday, June 17, it has put its plans to sell $500 million worth of stock on hold because the offering is being reviewed by the Securities and Exchange Commission. (AP Photo/David Zalubowski)

Hertz suspends plans for $500M stock sale pending SEC review

Jun. 17, 2020 4:46 PM EDT

Hertz said Wednesday it has put its plans to sell $500 million worth of stock on hold because the offering is being reviewed by the Securities and Exchange Commission. Trading in shares of the car rental company, which filed for bankruptcy protection last month, were halted before the announcement. The stock...