After nearly three years of regulatory scrutiny, the fine is seen as a sign that Beijing is wrapping up its crackdown on technology firms.
Category: Initial Public Offerings
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Saudi Investors and MBS Head to Paris, Looking for Deals
A contingent from the kingdom, including its powerful crown prince, are in the French capital looking to spend big on investments.
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Alibaba, China’s E-Commerce Giant, Will Split Into Six Units
The New York Times – Business:The major restructuring, a possible precursor to future I.P.O.s, was announced after Jack Ma, its founder, returned to mainland China after a yearlong absence.
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Stripe Raises New Funding That Values It at $50 Billion
The New York Times – Business:The payments processing start-up was valued at $95 billion in 2021, but private company dealmaking has been hurt by souring global economic conditions.
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Stripe Hires Investment Banks to Explore Public Listing
The New York Times – Business:The payments processing start-up, one of the world’s most valuable private companies, could go public in the next year, people with knowledge of the matter said.
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Instacart Is Said to Pull Plans to Go Public This Year
The New York Times – Business:The food delivery company had been moving toward a public offering, but the window for such deals is shutting amid market turmoil.