Wework IPO: Is the coworking giant still working for investors? September 17, 2019 Wework today revealed it will push back plans for its closely-watched initial public offering (IPO) after more and more investors gave the coworking giant the cold shoulder. Parent group We Company has been hampered by cooling investor appetite and has even reportedly slashed its planned valuation in half to $20bn (£16bn) in a bid to [...]
Softbank mulls float for $100bn Vision Fund as it looks for fresh cash injection May 3, 2019 Japanese investment giant Softbank is reportedly considering an initial public offering (IPO) of its $100bn (£77bn) Vision Fund. The firm is mulling the bumper float as part of series of options as it looks to raise more funds for its investment arm, the Wall Street Journal reported, citing people familiar with the matter. Read more: Softbank [...]
Pinterest reveals revenue growth in first public filing as it heads toward IPO March 23, 2019 Pinterest has announced its plans for an initial public offering (IPO) and highlighted its fast revenue growth and shrinking losses as it heads towards a public listing. The image sharing platform joins a whole line of technology companies looking to move into the public market and outlined its plans to the New York Stock Exchange [...]
Global markets fall as FTSE 100 suffers worst day of the year March 23, 2019 Stock markets in the UK and US have plummeted amid growing fears of an economic slowdown. The FSTE 100 suffered its worst day of 2019 as it ended Friday 2 per cent lower, falling 148 points and wiping off around £37bn in the companies combined value. Read more: Countdown to Brexit: three market indicators to watch [...]
Transport for London to crackdown on Uber and private hire (PHV) licence with new rules February 15, 2018 London’s transport regulator has promised to get tough on Uber and other ride-hailing companies, admitting that current rules are failing to keep up with technological developments. New plans could include women-only car sharing options and forcing innovative companies to share their data, as well as granting permission to operate only for limited periods of time. [...]
Floating on Airbnb: We meet the founder who is taking the hassle out of hosting November 11, 2019 When James Jenkins-Yates rented out his London home via Airbnb while he went on holiday to Rome, it was a complete disaster. “Everything went wrong,” he tells me. “I had three back-to-back bookings over the week and guests were everywhere — I received calls at 3am, one guest couldn’t get in through the gate, cleaners [...]
Why Softbank is struggling to attract investment for its second Vision Fund September 22, 2019 Softbank’s Vision Fund was created to disrupt the tech sector – and it succeeded. Launched in 2017, the $100bn (£80.2bn) investment vehicle is the world’s largest tech fund, and made Softbank chief Masayoshi Son the industry’s biggest investor. The unicorn ‘kingmaker’ The gargantuan Vision Fund (VF) quickly became known for making bold bets on promising [...]
Bloomsbury hails bestsellers as it looks set to deliver on guidance March 19, 2019 Bloomsbury today said its 2018 results will live up to expectations as bestsellers such as Mary Pipher’s Women Rowing North helped bolster the company’s top line. Read more: Bloomsbury revenues rise as books buck the UK's retail downturn The publisher's special interest division, which includes non-fiction titles, was boosted by international bestseller In the Closet of the [...]
Lyft onboards JP Morgan, Credit Suisse and Jefferies to lead its IPO October 17, 2018 US ride-hailing firm Lyft has hired JP Morgan, Credit Suisse and Jefferies as underwriters for its upcoming initial public offering (IPO), slated for an early 2019 debut. A source familiar with the matter told Reuters late last night that the three banks have been brought on board to lead the listing, after Morgan Stanley and Goldman [...]
Amazon overtakes Apple and Google as world’s most valuable brand June 11, 2019 Amazon has surged past tech rivals Apple and Google to be crowned the world’s most valuable brand. The e-commerce giant jumped in brand value by 52 per cent over the last year to reach $315.5bn (£405.9bn), according to the latest figures from WPP and Kantar. Read more: Amazon to deliver packages by drone ‘within months’ [...]