Tag: Arm Holdings

Fast-Fashion Giant Shein Files to Go Public
Money

Fast-Fashion Giant Shein Files to Go Public

Updated Nov. 27, 2023 7:11 pm ETShein, the China-founded online fashion company that won over hundreds of millions of shoppers around the world, has confidentially filed to go public in the U.S. in what could be one of the biggest IPOs in years. Goldman Sachs, JPMorgan Chase and Morgan Stanley have been hired as lead underwriters on the offering, which could happen in 2024, people familiar with the matter said. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Stocks Snap Winning Streak After Powell Warns Inflation Victory Not Assured
Money

Stocks Snap Winning Streak After Powell Warns Inflation Victory Not Assured

The S&P 500’s shot at its longest winning streak since 2004 appeared within grasp for much of Thursday’s trading session. Then Federal Reserve Chair Jerome Powell and the Treasury market crashed the party.Major indexes fluttered between small gains and losses in quiet trading through the early afternoon. They turned firmly into the red after an auction of government debt showed lower-than-expected demand and propelled Treasury yields higher. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Waystar IPO Delayed Until December or 2024
Money

Waystar IPO Delayed Until December or 2024

Updated Oct. 31, 2023 3:40 pm ETOne of the last big IPOs of the year just got delayed as the short-lived rebound in the new-issue market unravels.Waystar was set to launch its roadshow to pitch investors this week, but now is not expected to do so until December at the earliest, people familiar with the matter said. The healthcare-payments company, which at one point was expected to fetch a valuation in the high-single-digit billions, will likely wait until 2024, some of the people said. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8