stock
San Francisco (AFP) - Reddit on Thursday told US stock regulators that it plans to go public on the New York Stock Exchange under the symbol "RDDT." Reddit did not provide details regarding the number or price of shares nor when the initial public offering would occur. This will be the first stock market debut of an online social network since Pinterest went public in 2019. Founded in 2005, the platform is home to more than 100,000 online communities devoted to a sweeping range of topics and was visited by an average of 76 million people daily in December, according to a filing with the Securi...
AFP
New York (AFP) - Shares of German sandals maker Birkenstock fell almost 13 percent from their introductory price on Wednesday, on its first day trading on the New York Stock Exchange. The company, trading under the ticker "BIRK," closed at $40.06, down 12.9 percent from its initial public offering price of $46 which valued the company at about $8.6 billion. The sharp decline in its stock price values the sandals maker at closer to $7.5 billion. "The truth is we didn't have 'the Barbie moment.' Barbie had the ' Birkenstock moment,'" quipped Chief Executive Oliver Reichert on CNBC, as he descri...
AFP
New York (AFP) - German sandals maker Birkenstock will launch on the New York stock exchange on Wednesday in an initial public offering that values the company at $8.6 billion, according to multiple media reports. Shares in the company, which was in the hands of the founding family until 2021, will be priced at $46, the Wall Street Journal, CNBC, and other media reported. This would be in the middle of the company's $44-49 target, giving it a market value of just over $8.6 billion. Birkenstock started life as an orthopedic shoemaker, but has since shed its unflattering association with sock-...
AFP
Berlin (AFP) - German sandal maker Birkenstock on Monday set a price for its initial public offering of shares at $44 to $49 each, which could see the company raise up to $1.58 billion. Around 32.2 million ordinary shares will be put on the New York Stock Exchange in the IPO that would value the iconic footwear brand at up to $9.2 billion (8.7 billion euros), according to a regulatory filing. Once unflatteringly associated with sock-and-sandal-wearing Germans, Birkenstock has since become a coveted fashion item, as illustrated in the latest Hollywood blockbuster "Barbie". The stock flotation ...
AFP
Tokyo (AFP) - Masayoshi Son's once-exalted reputation as an investor is badly tarnished, but the irrepressible founder of Japan's SoftBank is hoping that the mega-IPO of Arm this week might bring back the good times. The flamboyant farmer's son who rose to become one of the world's richest people is hoping that the US listing of 10 percent of the chip designer will raise $4.5-5.2 billion. That values the British firm at up to $52 billion, a healthy gain on the $32 billion SoftBank spent in 2016 to take control of it. However, the valuation of Arm, whose products are used in 99 percent of the w...
AFP
New York (AFP) - British chip designing giant Arm has launched the process for a public stock listing in New York, in what could be the biggest US share offering in years. The firm, which is owned by Japan's SoftBank, is a world leader in designing chips that are used in smartphones across the world and aims to be a major player in artificial intelligence (AI). The company, which is owned by Japan's SoftBank, said in documents filed on Monday it planned to list on the Nasdaq, which specialises in tech shares, after opting earlier this year against floating on the London stock exchange. It did...
AFP
アルバムデビュー41周年!2023年7月1日に「Stock」リイシュー
妄想―― もしも中森明菜がハードロックやヘヴィメタルを歌ったら…長く音楽を聴いてきた方々なら、自分が...
Re:minder
New York (AFP) - The IPO parade of the early pandemic years crashed to Earth in 2022, but there are hints of a potential 2023 rebound despite plenty of lingering caution. Last year the US IPO market "ground to a halt," according to Renaissance Capital, with only $7.7 billion raised, down a whopping 95 percent from 2021 and a record low since the firm started recording data on companies going public 31 years ago. The dramatic decline came as financial conditions tightened following US Federal Reserve interest rate hikes and a rout in the stock market. While worries over the economy have not van...
AFP
New York (AFP) - As the first quarter of 2022 winds down, the IPO parade is ending with a whimper -- there were no initial public offerings this week and just one last week. After a banner 2021 for initial public offerings, the pace of new Wall Street arrivals has slowed considerably in an environment marred by market volatility, geopolitical turbulence and tightening monetary policy. "The US IPO market remains on life support," said Bill Smith, chief executive of Renaissance Capital. There have been just 18 IPOs in all this year, raising a median amount of only $27 million, the weakest mark...
AFP
Washington (AFP) - The US Treasury is moving to combat corruption, money laundering and tax evasion by shell companies by requiring firms disclose their ownership, according to proposed rules announced Tuesday. The crackdown comes as President Joe Biden launches a government-wide effort against graft ahead of International Anti-Corruption Day on Thursday. The proposal would create a database to record "beneficial owners" of all companies and many trusts, meaning anyone who owns 25 percent of a firm or can make decisions for the company, Treasury said. "The proposed rule for beneficial ownershi...
AFP
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