Latest Initial public offerings News

Asian shares mixed after rate jitters tumble on Wall Street

Jun. 10, 2022 00:50 AM EDT

BANGKOK (AP) — Shares were mostly lower in Asia on Friday, with only Shanghai rising, after stocks tumbled on Wall Street on expectations central banks will double down on battling inflation with interest rate hikes. Tokyo's Nikkei 225 index lost 1.3% to 27,881.78 while the Kospi...

Major Dubai free zone operator becomes latest to offer IPO

Jun. 09, 2022 05:27 AM EDT

DUBAI, United Arab Emirates (AP) — A major free zone operator in Dubai owned by the sheikhdom's ruler said Thursday it would make an initial public offering on the local stock market, the latest state asset to list in an effort to boost the city-state's bourse. The TECOM Group,...

Sheryl Sandberg, long Facebook's No. 2 exec, steps down

Jun. 01, 2022 19:07 PM EDT

SAN FRANCISCO (AP) — Sheryl Sandberg, the No. 2 executive at Facebook owner Meta, who helped turn its business from startup to digital advertising empire while also taking blame for some of its biggest missteps, is stepping down. Sandberg has served as chief operating officer at...

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...