Thursday, December 19

Tag: SoftBank

FirstCry parent files IPO papers; to raise Rs 1,816 crore via sale of new shares
28Dec By adminNo Comments
Business

FirstCry parent files IPO papers; to raise Rs 1,816 crore via sale of new shares

NEW DELHI: Brainbees Solutions, the parent company of omni-channel retailer FirstCry has filed draft initial public offering (IPO) papers with market regulator Securities and Exchange Board of India (SEBI) on Thursday. The IPO comprises an issue of fresh shares worth Rs 1,816 crore and an offer for sale (OFS) of 5.4 crore shares by existing investors. Biggest shareholder SoftBank, Mahindra & Mahindra and private equity firm TPG are among the selling shareholders. SoftBank which holds a 25.5% stake in the company will offload 2 crore shares at the IPO, according to the draft red herring prospectus (DRHP). Founded by Supam Maheshwari, Prashant Jadhav, Amitava Saha and Sanket Hattimattur in 2010, FirstCry retails baby and kids products besides offering a range of maternity clothing and r...
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SoftBank Corp. to Invest $513 Million in Software Provider for Connected Vehicles
5Dec By adminNo Comments
World

SoftBank Corp. to Invest $513 Million in Software Provider for Connected Vehicles

SoftBank Corp.is set to invest 473 million euros, equivalent to $513 million, in Cubic Telecom, a provider of software that helps vehicles link to computer networks and analyzes data from connected vehicles, it said Tuesday.The mobile unit of Japanese technology investor SoftBank Group plans to take a 51% equity stake in Cubic Telecom, valuing the Dublin, Ireland-based company at more than EUR900 million.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Stocks Snap Winning Streak After Powell Warns Inflation Victory Not Assured
10Nov By adminNo Comments
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
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Adam Neumann Wounded WeWork, an Office Market Bust Finished It Off
2Nov By adminNo Comments
World

Adam Neumann Wounded WeWork, an Office Market Bust Finished It Off

Listen to article(2 minutes)WeWork rode the wave of the venture-capital frenzy, building a global real-estate empire worth more than any other U.S. startup before buckling and laying off thousands when funding ran dry under its turbulent co-founder and former chief executive Adam Neumann. Ultimately, though, it was a historic office market bust that doomed the desk-rental giant. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Shein Turns to Western Executives to Become Even More Global
2Nov By adminNo Comments
World

Shein Turns to Western Executives to Become Even More Global

Updated Nov. 2, 2023 12:04 am ETShein, known for its ultra-affordable clothes shipped from China, is enlisting top Western executives in its quest to go truly global.The China-founded retailer, which has become increasingly entangled in Beijing-Washington friction, has started making some of its products outside China and forged partnerships with Western brands. Now it is globalizing its leadership ranks as it looks to establish itself in its biggest markets, especially the U.S. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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SoftBank-backed arm prices IPO at $51 a share
14Sep By adminNo Comments
Business

SoftBank-backed arm prices IPO at $51 a share

Arm Holdings has priced its IPO at the top end of its range, raising $4.87 billion in the largest listing of the year. The chip designer, owned by SoftBank, sold 95.5 million American depositary shares for $51 each. After the IPO, SoftBank will still control about 90% of the company's shares. Arm's IPO could be a catalyst for other tech startups and companies planning to go public in the US. The shares are expected to begin trading on the Nasdaq Global Select Market.
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SoftBank’s Arm targets $60 billion-plus value for September IPO
2Aug By adminNo Comments
Business

SoftBank’s Arm targets $60 billion-plus value for September IPO

TOKYO: SoftBank Group Corp’s semiconductor unit Arm Ltd is targeting an initial public offering at a valuation of between $60 billion and $70 billion as soon as September, a sign of bullish interest in artificial-intelligence chips, according to people familiar with the matter. The roadshow is scheduled to start the first week of September with pricing for the IPO the following week, said one of the people, asking not to be named because the talks are private. The latest target for Arm’s valuation underscores a shift in market mood in favor of technologies linked to generative AI and chips. Earlier this year, bankers were pitching a range of valuations for the chip designer from $30 billion to $70 billion, Bloomberg News has reported. SoftBank, led by Masayoshi Son, and Arm Chief Executiv...
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