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Bill Ackman sells 10% stake in Pershing Square before IPO
Ackman is selling an ownership stake in the firm ahead of a funding round that is expected to value the company at $10.5 billion.
TGI Fridays to finally go public through merger with UK franchisee owner
There are already more than 600 TGI Fridays outposts across 44 countries, including roughly 233 in the US as well as locations across South America, the UK and Asia.
Shein doubled profits last year to more than $2B ahead of public debut
Fast-fashion giant Shein reportedly more than doubled its profits in 2023 to a record more than $2 billion at it awaits approval to go ahead with its blockbuster initial public...
Trump's Truth Social's IPO gains wiped out after firm discloses $58M loss in 2023
The Truth Social parent also generated just $4.1 million in revenue over the 12-month period.
Reddit shares skyrocket 48% above IPO price, valuing firm at $9.5B
The eyeball-grabbing debut will be a major test of the IPO market, where investors are seeing some green shoots, thanks to increasing bets of a soft landing.
Reddit prices IPO at top of indicated range to raise $748 million
Social media platform Reddit priced its initial public offering at the top of its targeted range of $31 to $34 per share Wednesday raising $748 million and giving the IPO market...
IPO for athletes? Fans can now buy stock in Broncos player in game-changing venture
Fans who register on the platform can buy stock in athletes beginning with Browning, a rising young edge rusher who is entering a contract year in 2024, when he’ll make...
Reddit reveals $91M loss for 2023 as it files for an IPO
Reddit was valued at $10 billion in a funding round in 2021.
Reddit reportedly strikes $60M-a-year AI content-licensing deal with Google
Reddit inked a licensing deal with Google that will hand over the popular social media site's content to train the tech behemoth's artificial intelligence models, sources familiar with the agreement...
Soho House says it may go private after short seller slams publicly traded company
Soho House revealed talks about taking the company private after a short seller doubled down on his declaration that the exclusive members club won't be turning a profit anytime soon.
Reddit mulls valuation of at least $5 billion in IPO: report
Reddit had raised money at a whopping $10 billion valuation during its most recent funding round in 2022.
Reddit poised for blockbuster stock market debut in March: reports
Social media platform Reddit is preparing to launch an initial public offering in March, moving forward with a listing it has been eyeing for more than three years, people familiar...
Movie studio to spin off Hollywood business from Starz in $4.6B deal
Lionsgate unveiled a deal to spin off its studio business in a $4.6 billion special purpose acquisition deal to create a separately traded public company.
A-Rod’s SPAC plans $800M merger with satellite comms provider Lynk Global
Alex Rodriguez's blank-check firm announced plans to merge with satellite communications provider Lynk Global in a deal worth at least $800 million.
Fast-fashion giant Shein could be next blockbuster IPO after filing to go public: report
The company was valued at more than $60 billion in May and is expected to become the most valuable China-founded company to go public in the United States since ride-hailing giant Didi...
Birkenstock left flat-footed by underwhelming IPO debut
Shares of the 250-year-old German sandal maker started trading at $41 after the IPO had priced at $46.
Arm smashes expectations in eye-popping Nasdaq stock debut
Arm's listing is being closely watched for signs of a revival in the IPO market that also awaits the high-profile listings of marquee startups including grocery delivery firm Instacart and marketing firm Klaviyo.
How will Birkenstocks fare following its billion-dollar bet to go public?
As a youngster in the 1980s, I eagerly awaited the summer season, when our unglamorous resort town in eastern Greece would be inundated by hordes of tourists clad in Birkenstocks....
Investors hoping Instacart delivers in highly anticipated IPO filing
The San Francisco-based company had earlier aimed to list in the fourth quarter of last year, but deferred its plans as a sell-off in technology stocks and the Federal Reserve's...
WeWork -- once worth $47B -- faces doom, rattles NYC's shaky office market
WeWork included a going-concern warning in its second-quarter earnings report released Tuesday, which also revealed that the office-space leasing company recorded a net loss of $397 million for the three-month...