Chinese internet startup Pinduoduo earned a nearly $24 billion market valuation in an initial public offering in New York, drawing high investor demand ahead of a string of larger internet IPOs from the country in the coming months.
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China Vanke Co.’s Vanke Service agreed to buy what would amount to a 4.9% stake in Cushman & Wakefield ahead of the firm’s planned initial public offering.
Shares of clean-technology company Bloom Energy soared in their trading debut Wednesday, the latest newly public company to benefit from investor enthusiasm for nascent technologies.
U.S. Markets
U.S. Stocks Soar on Trade Concessions
U.S. stocks surged in the final half-hour of trading after President Trump secured some concessions from the EU to avoid an escalation in trade tensions.
The company is one of the few of a long list of companies backed during the clean-technology boom to make it to an IPO. It was Kleiner Perkins’ first clean energy deal.
As it prepares for its IPO, Bloom Energy faces questions about why it paid millions in a settlement to investors.
Real estate firm Cushman & Wakefield is going public, hoping to capitalize on the strengthening U.S. economy. But rising interest rates and fears the expansion is late in the cycle could frighten off some investors.
U.S. Markets
Earnings Boost U.S. Stocks
U.S. stocks rose as investors cheered what is shaping up to be a strong corporate-earnings season.
U.S. Markets
Stocks Rise on Strength in Financial Sector
U.S. stocks rose, driven by shares of financial companies as investors dumped government bonds, pushing Treasury yields higher.
High-end speaker company Sonos laid out the terms for its initial public offering in a regulatory filing, expecting its shares to price between $17 to $19 each.
China Tower, the monopoly behind China’s vast network of cellphone towers, started marketing what could be the world’s largest initial public offering in four years.
Investors have pushed U.S. small-cap stocks to record highs while seeking a haven from tariff-related tensions, but the popular trade is beginning to appear vulnerable.
U.S. Markets
Stocks Edge Lower as Dollar Slides
U.S. stocks inched lower Friday as White House comments on monetary policy sent the dollar and government bond prices lower.
Pro VC MA IPOs
Eventbrite Files Confidential IPO Paperwork
Event-planning company Eventbrite has filed confidentially with the Securities and Exchange Commission for an initial public offering, according to people familiar with the matter.
U.S. private-equity firm Providence Equity Partners is preparing to take German home-shopping TV network HSE24 public in 2019 after plans to sell the business fell through.
U.S. stocks rose Wednesday amid signals from the Federal Reserve that the economy is accelerating and as investors parsed another wave of U.S. earnings reports.
Jam City, the social gaming and entertainment company led by one of the co-founders of Myspace, is preparing for an initial public offering as soon as this fall, joining what’s expected to be a rush of companies tapping the public markets in late 2018.
U.S. Markets
Stocks Rise After Fed Chairman’s Testimony
U.S. stocks rose following Federal Reserve Chairman Jerome Powell’s Senate testimony, while investors also continued dissecting the latest round of corporate earnings results.
U.S. stocks inched slightly lower Monday as shares of energy companies fell alongside a decline oil prices and as investors looked ahead to a busy week of corporate earnings results.
