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10-minute grocery start-up Getir to buy UK rival Weezy

An delivery driver from the Turkish delivery service Getir rides his bicycle. Getty Images| picture alliance | Getty Images LONDON — Turkish start-up Getir on Tuesday agreed to acquire British rival Weezy, in the latest sign of consolidation in the ultrafast grocery delivery market. Istanbul-based Getir was founded to deliver essential products to customers’ doors […]

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NetEase’s launches $500 million Hong Kong IPO for its music business

Cloud Village, the NetEase Music streaming arm runs this app called NetEase Cloud Music. It is shown on the smartphone in the photo. Fan Jianlei | Visual China Group | Getty Images GUANGZHOU, China — NetEaseIt has announced the Hong Kong initial public offer (IPO), of Cloud Village music business, which is expected to raise […]

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KKR buyout offer sends Telecom Italia shares surging 22%

Getty Images| Bloomberg | Getty Images Telecom ItaliaStocks rose by more than 22% after U.S. Private Equity giant KKRA 10.8 Billion Euro ($12 Billion) purchase offer was made to buy out Italy’s largest telephone company. This proposal is non-binding and values the ex-monopoly phone company at 0.505 euro per share in cash. It represents a […]

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Ericsson to buy cloud firm Vonage for $6.2 billion

On Tuesday February 26, 2013, visitors walked through the Ericsson AB pavilion during the Mobile World Congress, Barcelona.  Bloomberg via Getty Images| Bloomberg via Getty Images Manufacturer of mobile telecom equipment EricssonIt announced Monday that Vonage, a cloud communications company, had been purchased by it for $6.2 million. This deal, which was Sweden’s largest in […]

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Authentic Brands shelves IPO, to sell $12.7 billion stake to investors

Jamie Salter, chief executive and chairman of Authentic Brands Group LLC. Getty Images| Bloomberg | Getty Images Authentic Brands Group, a retail conglomerate plans to shed a planned initial public offeringInstead, sell large equity stakes in the business to a private equity firm CVC CapitalHedge fund HPS Investment PartnersCNBC has learned that there are a […]

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Authentic Brands shelves IPO, to sell stake that values company at $12.7 billion

Genuine Manufacturers Group Chief Government Jamie Salter. Supply: Genuine Manufacturers Group Retail conglomerate Genuine Manufacturers Group will shelve a planned initial public offering and as a substitute promote important fairness stakes in its enterprise to non-public fairness agency CVC Capital, hedge fund HPS Investment Partners and a pool of current stakeholders. The deal, which was […]

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(SG) starts trading on the New York Stock Exchange

Sweetgreen’s shares rose as high as 91% on Thursday, when it launched its public markets. Stock opened at $52 per share. This gave the stock a market capitalization of over $5.5 billion. Its initial public offering was priced at $28 per share, which is above the $23-25 share price. Sweetgreen has sold 13,000,000 shares and […]

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India’s Paytm makes stock market debut

On November 18th, 2021, a man works out in a gym next to a Paytm barcode in New Delhi. This is an Indian mobile-based digital payment platform. AFP | AFP | Getty Images India Shares Paytm plummeted 24% in their maiden day of trade, with investors questioning the loss-making digital payments firm’s business model despite it having […]

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Chobani files to go public through IPO as its yogurt sales rise

Packages of Chobani yogurt sit on the shelf at a grocery retailer July 7, 2021 in Washington, DC. Drew Angerer | Getty Pictures Yogurt and oat milk maker Chobani on Wednesday filed to go public on the Nasdaq Change beneath the image “CHO,” changing into the most recent meals and beverage firm to attempt to […]

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Why more iconic companies like GE and J&J may be about to get smaller

As iconic companies including GE and Johnson & Johnson pursue breakup plans, the “sum of the parts if greater than the whole” argument is getting a new workout from the market. nicodemos | E+ | Getty Images Everywhere that you look on the market or in different sectors you will see iconic companies being pressured […]