IPO

Saudi Aramco valuation set at up to US$1.7t

SAUDI Aramco has set a price range for its listing that implies the oil giant is worth between US$1.6 trillion and US$1.7 trillion, below the US$2 trillion the Saudi crown prince had targeted but...

Alibaba confirms huge Hong Kong public listing

[HONG KONG] Chinese technology giant Alibaba confirmed Friday its plans to list on the Hong Kong stock exchange, in an initial public listing aiming to raise up to US$13.8 billion.

WeWork's Q3 net loss doubles to $1.7b amid failed IPO

SAN FRANCISCO • WeWork reported a net loss of US$1.25 billion (S$1.7 billion) in the third quarter, eclipsing its sales and more than doubling its loss from the same period last year.

The dearth of IPOs weakens capitalism

AN INITIAL public offering (IPO) should be a milestone in a company's existence, representing the moment it begins to fulfil the promise demonstrated as a young entity. Yet, companies are delaying...

Failure to launch: The biggest IPO pull-outs of 2019

[BENGLAURU] Private companies seeking to launch on stock markets have abandoned a series of initial public offerings (IPO) this year after a string of high-profile startups — most notably WeWork...

Beijing may cull a stateside unicorn stampede

[HONG KONG] A bitcoin miner, flying-taxi maker and apartment-sharing outfit are among the herd of Chinese upstarts rushing to New York markets. Their untested business models are alarming enough....

Alibaba to resume Hong Kong listing plans as soon as November: sources

[HONG KONG] Alibaba Group Holding Ltd is eyeing a listing in Hong Kong as early as November to raise up to US$15 billion, after political unrest put the move on ice earlier this year, people...

WeWork's Chinese rival Ucommune files for US IPO

HONG KONG • China's biggest shared workspace provider Ucommune has filed a confidential prospectus with the US securities regulator as it seeks an initial public offering (IPO) before the year end...

China's WeWork equivalent Ucommune files for US IPO: sources

[HONG KONG] China's biggest shared workspace provider Ucommune has filed a confidential prospectus with the US securities regulator as it seeks an initial public offering (IPO) before the end of...

Gojek says it is still planning IPO, but not in near future

INDONESIA'S first startup unicorn Gojek said on Thursday it has no immediate plans to tap public markets, but is still planning a listing with the Indonesian exchange, the IDX, as its primary...

Hong Kong money is fleeing? Not around here

[HONG KONG] Hong Kong may have been seeing money flow out as the city's turmoil undermines its reputation as a stable financial centre, but one important source of capital keeps on coming: cash...