The American company Airbnb, which is the operator of the rental service of the same name, expects to raise $ 1 billion through an initial public offering (IPO). This is stated in a statement posted on Monday on the website of the Federal Securities and Exchange Commission.
The company clarifies that its plans are “preliminary and may change.” So far, Airbnb intends to place Class A shares on the stock exchange at a price of $ 0.0001. The value of the initial block of shares is set at $ 1 billion.
The company simultaneously presented its financial statements for the quarter ended September 30. Revenue decreased by 18% compared to the same period last year, amounting to $ 1.34 billion.
Revenues from measures taken to reduce unnecessary costs amounted to $ 219 million. Losses for the first nine months of this year amounted to $ 697 million.
As reported by The Wall Street Journal, Airbnb expects that the listing of its shares on the New York Stock Exchange will begin this year. The IPO will be organized by Goldman Sachs and Morgan Stanley.
With the appearance of an effective vaccine against coronavirus and the subsequent recovery of the world economy, the US dollar may fall by 20%. This was reported by the Financial Times. It is noted that banks, which already had negative forecasts for the dollar next year, deteriorated expectations against the background of the emergence of […]
The state corporation Saudi Aramco is preparing to place dollar Eurobonds, a source in banking circles said. According to him, the company is considering the possibility of placing up to five tranches of Eurobonds: with a maturity of three years, five years, ten years, as well as thirty and / or fifty years. Starting on […]
Shares of Alibaba, up 35.7% since the beginning of the year but down almost 8% this week, rose 5.3% during trading on Friday after China’s largest public company announced second-quarter results financial year 2021, which ended in September. Alibaba’s quarterly report was preceded by news of the termination of the IPO of financial technology company […]
Chinese Internet company Alibaba will buy more than a fifth of the shares of its division, specifically of a fin-tech company Ant Group, as part of its future IPO on the stock exchanges of Hong Kong and Shanghai, Alibaba said in a release. “Alibaba has agreed to subscribe for 730 million shares of the initial […]
The taxi service of the international Chinese company DiDi Chuxing intends to conduct the initial public offering (IPO) on the Hong Kong Stock Exchange. As reported by Reuters on Tuesday, citing sources, this may happen in the first half of 2021. By the time of the IPO, the estimated value of DiDi will be more […]
American video game company, Roblox Corporation, is working with the investment banks on the preparation for listing on the US stock exchange, which may happen early next year. According to the Reuters, such step should help Roblox to take advantage becoming popular during the pandemic. The company expects to be able to double its recent […]
A subsidiary of Alibaba Group – Ant Group – plans to attract $ 35 billion in the course on the Shanghai and the Hong Kong exchange. This was reported by Bloomberg. The IPO could be the largest in history, the agency emphasizes. The previous record holder, Saudi oil company Aramco, raised $ 29.4 billion. The […]
In 2013, which experts call the reference, the volume of the pharmaceutical market of Ukraine was about 3.3 billion US dollars. The Pharmaceutical market at that time was one of the fastest growing and took the second place among the CIS countries. According to the consulting company BakerTilly, on average, the market growth rate was […]
NextGrey Group, one of the largest global communications networks has acquired a majority stake in Easycom, a social media agency in China. This acquisition will accelerate Grey’s growth in one of the world’s most dynamic emerging economies and offer clients access to a new vary of marketing services. Founded in Shanghai in 2006, Easycom has a […]
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Ukrainian IT company the Archer Software has announced an agreement with the American company Cprime. This was reported on the company’s website. The amount of the deal is not disclosed, but the publication Ain says, “According to experts, 100% of the company could be valued at 5-8 million dollars.” But the transaction amount may vary […]
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Unfortunately, most businesses in our country learn about foreign investments from the media but not directly from their own production facilities. Despite the recent positive changes in the state, we still can’t talk about a high or at least a satisfactory level of foreign direct investment in the Ukrainian economy. FOREIGN DIRECT INVESTMENT According to […]
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IT giant Google and Singapore’s state-owned investment company Temasek have invested in Indonesia’s largest online store Tokopedia, writes Nikkei Asian Review. The amount of investments is not disclosed. In October, Bloomberg reported that Tokopedia was going to raise about $ 350 million from Google and Temasek. This is Google’s second investment in the Indonesian unicorn. […]
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Starbucks reported its biggest profit of all time in the UK, and it can serve as a long-term completion of a tax dispute with the British government. After the company was involved in a major tax scandal in 2012, when it was accused of tax evasion, Starbucks paid UK a large sum of income tax […]
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The last two years Oschadbank opened 500 branches in Ukraine. Twelve of them are adapted for people with disabilities. This information was published by the investment portal InVenture Ukraine. The most advanced Oschadbank branches are located in Kyiv, Odessa, Lviv, Kharkiv and Dnipropetrovsk regions. The Bank plans to continue to implement the modernization of branches […]
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Startup company in the brokerage industry of the Robinhood on Monday for the first time published their monthly trade data platform. Robinhood Markets is a discount brokerage company that has become popular with novice investors, which offers commission-free trading through its website and mobile app. One of the key indicators which used in the brokerage […]
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The TAS-Agro company plans to increase its land bank from 95 to 150 thous. Ha. The company is interested in areas in the northern part of Ukraine. This was announced by the investment chief of the TAS Group company – Anton Kernasovskyi, – says delo.ua. According to him, he does not know exactly when and […]
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Ukrainian commercial organization McDonald’s Ukraine Ltd., owned by Golden Arches Eutopians Holdings B.V. Dutch company, has increased in the past year, investment in the improvement of the network of Ukrainian fast-food restaurants. As UNIAN reported earlier, the rate of investment rose by 23% which amounts to 270 million UAH. It is also known that in […]
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Founder of the platform for online auctions of the eBay Pierre Omidyar will leave the company’s board of directors and receive the title of Director Emeritus, according to release in the eBay. “For 25 years I have proudly watched as the company that I created, opened up the economic opportunities for people around the world. […]
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The National Committee of state regulation of the financial services allowed the Cypriot company Bailican Ltd. establish control over the Insurance Company “TAS” and Insurance Group “TAS”. The National Committee of state regulation of the financial services, July 12, according to the order number 1667, allowed to a Cypriot company Bailican Ltd. indirectly acquire 99.9559% […]
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Ukraine and Serbia have approved a veterinary certificate form for export of fowl. The companies which can export to the EU only could perform the deliveries. Public service of Ukraine on safety issues of foodstuff and consumer protections (PSUSIFCP) and veterinary service of Serbia have approved a form of the veterinary certificate for export of […]
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Former special representative of the US State Department on Ukraine Kurt Walker on Tuesday, September 1, became an independent member of the Board of Directors of BGS Rail. This was reported by LIGA. Business with reference to the press release. It is noted that Kurt Walker will also work as an advisor to the chairman […]
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According to Interfax-Ukraine, Antimonopoly Committee of Ukraine (AMCU) has fined the Dragon Capital Ltd. in the amount of 118,194 thousand UAH by Dragon Capital Ltd. Production concentration more than 50%. According to a law of economic competition defence, the committee permit is obligatory during the economic activity subject concentration with more than 50% of shares […]
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Eli Lilly and Regeneron have applied to the Food and Drug Administration (FDA) for the permission to use emergency coronavirus drugs. Eli Lilly conducted clinical trials with the placebo group, as a result of which the drug has proven its antiviral action. Regeneron did not provide the research data, but the company’s drug was widely […]
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