'We were kings of the world': WeWork's Adam Neumann fostered a culture of superiority

2020-02-21 09:08

"Adam was the sun and we all revolved around him," a WeWork employee told the Financial Times after the IPO collapsed and Neumann stepped down.

Saudi Aramco's IPO raised a record R378 billion — but an unusually low 1.5% of the company's shares will actually trade

2019-12-12 09:33

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.

Saudi Aramco’s record-shattering IPO is on the horizon. Here are 6 of the biggest risks the company sees moving forward.

2019-11-12 09:03

Aramco's prospectus will be used to market shares before individual investors begin bidding on the stock on November 17.

WeWork’s communications chief to leave after six turbulent months

2019-10-15 21:33

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.

Uber plunged 12% after losing more money than expected

2019-08-09 08:36

"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 company behind Castle and Black Label said it won't take its Asia unit public, cancelling the largest listing of 2019

2019-07-14 09:32

The public offering was expected to raise as much as $9.8 billion dollars and would've helped the company expand in Asian markets.

WATCH: Uber posts $1 billion loss in first post-IPO results

2019-05-31 11:05

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.

WATCH: Another brutal session for shares of Uber

2019-05-15 07:49

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.

Uber CEO Dara Khosrowshahi on basic Uber etiquette: Ask before using your phone, and don't slam the door

2019-05-13 13:33

The CEO of Uber has a few suggestions for how to be a nice person while riding in an Uber.

Uber’s first employee is poised to make over $1 billion after the company’s massive listing

2019-05-10 18:12

He’s already committed to donating at least some of it to charity.


Airbnb reportedly lost R4 billion in the first 9 months of 2019, and it could mean a bumpier path to going public

2020-02-12 14:31

The Wall Street Journal reported that Airbnb lost about R4 billion , which could worry investors wary of IPOs from money-losing businesses.

Saudi stocks little changed as investors focus on Aramco’s IPO

2019-11-17 16:29

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.

5 things to know about Saudi Arabia and the world's biggest listing

2019-11-04 14:26

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 plows ahead with listing, reshapes board to counter skepticism

2019-09-13 21:29

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.

Sexy South African companies, even really small ones, can now raise money via crowdfunding – and then list on a JSE competitor bourse

2019-07-25 15:32

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.

The owner of Black Label and Castle is reportedly planning the world's biggest listing of 2019

2019-07-02 19:34

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 revenue growth hits its slowest pace since IPO

2019-05-16 15:59

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 decline for second day in US pre-market

2019-05-13 16:38

Uber shares have fallen further after a rocky debut for the biggest initial public offering of the year.

Uber skids below its IPO price in Wall Street debut

2019-05-10 19:03

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.

Burger joints cash in on faux-meat mania as shares surge

2019-05-10 06:00

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.

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