The ride-hailing giant made an abrupt shift as officials in Washington and Beijing have grown increasingly skeptical of Chinese corporate access to Wall Street’s money.
Tag: Initial Public Offerings
Paytm’s Parent Company, One97 Communications, Goes Public
One97 Communications, the app’s parent company, has drawn interest from institutional investors as online shopping in India expands.
For China’s Business Elites, Staying Out of Politics Is No Longer an Option
The fallout from Beijing’s crackdown on the ride-hailing app Didi has ensnared even those who made it a point to not mix business with politics.
China’s Crackdown on Didi Is a Reminder That Beijing Is in Charge
After targeting the ride-hailing platform days after its I.P.O., regulators on Monday moved against more companies that had recently been listed on Wall Street.
WeWork Will Go Public in a Merger With a SPAC
The money-losing office space firm plans to merge with a blank-check company backed by big Wall Street investors.
Ant Group Set to Raise $34 Billion in World’s Biggest I.P.O.
The Alibaba online finance spinoff, which offers people in China a one-stop shop for loans, investments and more, will list shares in Hong Kong and Shanghai.
BTS Management’s Stock Soars on First Day of Trading
Shares in Big Hit, the company behind the K-pop phenomenon, opened at more than double the offering price, then jumped 30 percent in early trading before finishing down on the day.
BTS’s Loyal Army of Fans Is the Secret Weapon Behind a $4 Billion I.P.O.
What investors are really paying for is not necessarily the K-pop group or its management company, but its huge, highly connected ecosystem of followers.
Uber in Talks to Sell Its Food-Delivery Business in India
Dara Khosrowshahi, Uber’s chief executive, is paring back the company’s money-losing businesses.
Saudi Arabia Insisted Aramco Was Worth $2 Trillion. Now It Is.
On their fourth trading day, shares closed with a value that eluded the oil company before its initial public offering.