Latest Initial public offerings News

Coinbase soars in market debut, valued near $86 billion

Apr. 14, 2021 16:47 PM EDT

Coinbase made a rousing debut on Wall Street Wednesday, with shares of the digital currency exchange rising as high as $429, briefly giving it a market value over $100 billion. Coinbase Global Inc.‘s initial public offering happened with cryptocurrency chatter...

Grab to list in US via $40 bln merger with Altimeter Growth

Apr. 13, 2021 11:45 AM EDT

HONG KONG (AP) — Southeast Asia’s largest ride-hailing company, Grab Holdings, said Tuesday that it plans to merge with U.S.-based Altimeter Growth Capital in a deal that would value it at nearly $40 billion and allow it to trade on the Nasdaq Stock Market. That would...

Chinese regulator orders Ant Group to conduct major overhaul

Apr. 12, 2021 08:48 AM EDT

HONG KONG (AP) — Chinese regulators have ordered Ant Group, a financial affiliate of e-commerce giant Alibaba Group Holding, to become a financial holding company to ease financial oversight amid stepped up scrutiny of technology firms. In a meeting Monday, the central...

UK Deliveroo riders strike over pay, gig work conditions

Apr. 07, 2021 12:59 PM EDT

LONDON (AP) — Riders for the app-based meal delivery platform Deliveroo held a strike in London Wednesday over pay and working conditions, part of a broader backlash against one of the U.K.'s biggest gig economy companies. Scooter and bicycle delivery riders waving...

Trade announcement: Topps will offer stock to the public

Apr. 06, 2021 12:13 PM EDT

In addition to its trading cards, fans will soon be able to trade company shares of Topps. The company said Tuesday that it will become a publicly traded company this year by tying up with a blank-check company, or SPAC, a special purposes acquisition company. ...

Frontier Airlines hopes IPO rides wave of travel recovery

Apr. 01, 2021 18:19 PM EDT

Frontier Airlines is betting that the budding recovery in leisure travel is for real. Shares of the discount carrier began public trading Thursday, edging lower in midday trading. The Denver-based airline and its private owners sought to raise $570 million before costs...

Deliveroo shares slump in UK IPO as investors lose appetite

Mar. 31, 2021 13:55 PM EDT

LONDON (AP) — Shares of app-based meal delivery service Deliveroo, which saw its business boosted by pandemic lockdowns, tumbled by as much as a third in their U.K. stock market debut on Wednesday. The London-based company's shares slid even after they were priced at...

ThredUp's shares pop in stock market debut

Mar. 26, 2021 16:45 PM EDT

NEW YORK (AP) — Shares of ThredUp rose more than 40% in their stock market debut Friday, reflecting investor enthusiasm for the online seller of second-hand women's and children's clothing. The stock market debut followed strong investor enthusiasm for Poshmark Inc.,...

WeWork stock offer comes amid doubtful need for office space

Mar. 26, 2021 16:01 PM EDT

NEW YORK (AP) — Uncertainty about demand for office space in a global pandemic is a big risk that investors will have to weigh as WeWork makes a second run at a public stock offering. A year after the novel coronavirus turned office towers into ghost towns worldwide,...

EXPLAINER: What's a SPAC, the latest craze on Wall Street?

Mar. 26, 2021 13:16 PM EDT

CHARLOTTE, N.C. (AP) — WeWork will finally go public this year, allowing investors to buy and sell its shares. But not through a traditional IPO. In the two years since the office-sharing company’s failed IPO, a new way to launch a stock on Wall Street has become...