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Tag Archives: ipo:

Goldman Sachs chief David Solomon defends woeful WeWork IPO

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[ad_1] Goldman Sachs Chief Executive David Solomon turned heads in Davos, Switzerland, on Tuesday by defending his bank’s handling of WeWork’s notoriously disastrous initial stock offering. “I’m not sure that we got it so wrong,” Solomon said of the most calamitous IPO process in recent memory. “There were things that …

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Investors fear $1 billion valuation could haunt Casper IPO

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[ad_1] Philip Krim’s obsession with a $1 billion valuation for his fledgling mattress company may be about to backfire. The CEO and co-founder of mattress company Casper Sleep has held off selling the startup numerous times in recent years because he’s been waiting for a $1 billion price tag, sources …

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Saudi Aramco hikes IPO value by nearly $4 billion

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[ad_1] Saudi Aramco has boosted the size of its initial public offering by nearly $4 billion after selling millions of additional shares. Saudi Arabia’s state-run oil giant said Sunday that it’s raised a record $29.4 billion after exercising a “greenshoe option” to sell 450 million more shares than originally planned. …

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Mattress giant Casper to go public despite spooky red ink

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[ad_1] Mattress startup Casper filed to go public — and revealed a financial picture that could make it hard for investors to sleep at night. The 5-year-old, New York-based unicorn — familiar to locals for its dream-themed, cartoon Subway ads — revealed in a Friday securities filing that it lost …

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Uber and Aramco prove it: Free markets work better

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[ad_1] Two-thousand-nineteen was the tale of two marquee stock offerings: America’s Uber and Saudi Arabia’s Aramco, the world’s biggest oil company. Superficially, Uber is a failure, and Aramco is a success: Uber stock sank; Aramco stock rose. But really, it’s the other way around. Uber’s “failure” shows the success of …

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Uber May Pull Off The Impossible In 2020

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[ad_1] SOPA Images/LightRocket via Getty Images Of all the stocks I covered this year, I was hardest on Uber (UBER). I caught some flak for writing “buying Uber stock is the dumbest thing you can do with your money in 2019.” Although my call ruffled feathers, I stand by it. Since Uber IPO’d in May, the stock …

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US bankers reap a pittance from Aramco $64 billion IPO

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[ad_1] Saudi Arabia’s state-owned oil company launched the biggest IPO in history this week — and American banks like JPMorgan are getting what amounts to pocket change. Saudi Aramco raised more than $64 billion from its Wednesday mega-listing, which by Friday had resulted in a publicly traded behemoth valued at …

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Endeavor agents looking to leave company after IPO sputters

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[ad_1] Powerful agents and high-level executives at Ari Emanuel’s entertainment firm are looking to exit stage left after the company’s initial public offering fizzled, The Post has learned. Hollywood bigwigs at Endeavor — whose William Morris Endeavor and IMG Media talent agencies represent A-listers like Oprah Winfrey, Gal Gadot and …

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Saudi Aramco hits under $2T valuation as second trade day ends

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[ad_1] Saudi Aramco closed its second day of trading valued at just under $2 trillion Thursday, continuing a blockbuster market debut for Saudi Arabia’s oil behemoth. Aramco crossed the $2 trillion threshold Thursday before shares closed at 36.8 Saudi riyals, or $9.81. That price gave the state-owned company a market …

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