Instead of focusing on rebuilding the country after years of state capture, we were distracted by a sideshow, writes Mandy Wiener.
Mostly sunny. Mild.
The Wall Street Journal reported that Airbnb lost about R4 billion , which could worry investors wary of IPOs from money-losing businesses.
The main Saudi stocks index finished little changed on Sunday after swinging between gains and losses as investors digested the kingdom’s plan to sell a 1.5% stake in the state oil company.
Ultra-conservative Saudi Arabia is undergoing a major transformation under Crown Prince Mohammed bin Salman, who intends to end the kingdom's addiction to oil revenues.
WeWork isn’t backing down from its embattled listing, announcing a series of governance changes to assuage investor concerns in an effort to bolster its flailing valuation.
A partnership between crowdfunding equity platform Uprise.Africa and upstart stock exchange ZAR X means shares in startups will be publicly traded, long before they reach the kind of size normally needed for a listing.
Anheuser-Busch InBev's Asia-Pacific business would list on the Hong Kong Stock Exchange and help bolster's the company's presence in region.
Tencent has reported the slowest pace of sales growth since it went public in 2004, as China’s largest company struggles to revive a battered gaming division while battling the country’s decelerating economy.
Uber shares have fallen further after a rocky debut for the biggest initial public offering of the year.
Uber shares have skidded in their hotly anticipated Wall Street debut, opening with a loss of some 6% in a volatile session for the broader equity market.
Faux meat may be the next fintech, or even marijuana. Especially if it comes smothered in Havarti cheese, beer onions, waffle sweet potato fries and smoked ketchup.
Most large-cap companies offer far more of their stock in IPOs. Apple, Amazon, and Alphabet all have more than 84% of their shares listed publicly.
Aramco's prospectus will be used to market shares before individual investors begin bidding on the stock on November 17.
Jimmy Asci, who had joined the New York-based co-working company in April, resigned last Wednesday, according to a person familiar with the matter who wasn’t authorised to discuss the move publicly and asked not to be identified.
"We think that 2019 will be our peak investment year," said Uber's CEO Dara Khosrowshahi. ""In 2020, 2021, you'll see losses come down."
The public offering was expected to raise as much as $9.8 billion dollars and would've helped the company expand in Asian markets.
Uber announced a $1bn quarterly loss and a jump in revenue to $3.1bn in its first results since going public in early May. The results reassured some investors but still leaves others wondering how long it will take to turn a profit.
Uber shares have closed down over 10% on Monday, more than doubling their losses since the ride-hailing giant’s poorly received Wall Street debut.
The CEO of Uber has a few suggestions for how to be a nice person while riding in an Uber.
He’s already committed to donating at least some of it to charity.
A confluence of negative events likely weighed down Uber's shares, forcing it to price it public offering at the low end of its range.
Cape WinelandsO'Dwyer Personnel
Atlantic SeaboardShimansky Jewellers
R 2 100 000
R 4 495 000
R 7 000 000
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