Alibaba's Jack Ma Emerges After Keeping Low Profile

  • Alibaba's Jack Ma Emerges After Keeping Low Profile Alibaba's Jack Ma Emerges After Keeping Low Profile 2:27
    How Airbnb Rebounded During the Pandemic How Airbnb Rebounded During the Pandemic 5:17
    Ant's IPO Woes Ant's IPO Woes 1:08
    BTS: 2020 Music Innovator BTS: 2020 Music Innovator 5:17
3:02 a.m. Today - By Ciara Linnane
Oscar Health is going public: Five things to know about the digital insurer Oscar Health Inc., the digital health insurance company well known to New Yorkers thanks to a subway advertising campaign, is going public in a deal that could value the company at up to $8 billion.
1:58 a.m. Today - By Tomi Kilgore
Space data collection company Spire Global to go public through merger with SPAC NavSight HoldingsShares of NavSight Holdings Inc. rallied 6.4% in premarket trading Monday, after the special purpose acquisition company (SPAC) announced a merger that will take space-based data and analytics company Spire Global Inc. public. The deal, which is expected to close in summer 2021, values the combined company at $1.6 billion, and is expected to provide about $475 million in proceeds. Spire uses a constellation of nanosatellites called LEMUR (low earth multi-use receiver) to collect space-based data. The company uses "space-as-a-service" business model. Once the deal closes, the stock will list on the NYSE under the ticker symbol "SPIR." "[O]ur proprietary data and solutions help customers solve some of earth's greatest challenges, including Net Zero and Climate Change adaptation," said Spire Chief Executive Peter Platzer. NavSight's stock, which went public in November, has gained 6.4% over the past three months through Friday, while the Renaissance IPO ETF has advanced 7.1% and the S&P 500 has tacked on 4.1%.
10:45 a.m. Feb. 28, 2021 - By Mark DeCambre
Coinbase IPO: Transfer of Satoshi's $46 billion bitcoin stash marks one interesting 'risk factor' A long-awaited public offering of Coinbase Global Inc. appears near after the cryptocurrency trading platform filed paperwork with the Securities and Exchange Commission on Thursday.
5:59 a.m. Feb. 27, 2021 - By Michael Brush
How to find the most promising SPACs and dodge the hidden dangersThe track record of the sponsors and the investors involved is key.
5:50 a.m. Feb. 27, 2021 - By Michael Brush
These are the hidden dangers lurking inside SPACs that can hurt youBeware --- your shares can get diluted by over 100%.
5:07 a.m. Feb. 27, 2021 - By Chris Matthews
Progressive hopes for a radical SEC agenda face a unicorn problemDemocratic hopes of an activist financial regulatory agenda will have to contend with the growing importance of private companies that are not subject to most reporting requirements, and experts say for new financial regulations to have the widest impact, the SEC will have to move to greatly expand the universe of firms required to follow its most stringent regulations.
2:00 a.m. Feb. 27, 2021 -
Al Gore’s Investment Firm Bought Alibaba and Airbnb Stock. Here’s What It Sold. Generation Investment Management unloaded most of its stake in Aptiv in the fourth quarter.
1:48 p.m. Feb. 26, 2021 -
SoftBank Settles Dispute on WeWork Stake, Setting Stage for Potential SPAC Deal A listing of the short-term real-estate rental company would give SoftBank a way to achieve a gain on an investment that once seemed like a loss.
1:45 p.m. Feb. 26, 2021 -
ACV Auctions, Backed by SoftBank, Files to Go Public The wholesale auto-auction site made the prospectus for its offering public on Friday. It didn't say how much money it is seeking to raise.
1:26 p.m. Feb. 26, 2021 -
Bausch Health and Landos Biopharma See Activist Action Icahn Capital reached a pact to appoint Bausch Health directors. Perceptive Advisors disclosed a large stake in Landos Biopharma.
12:05 p.m. Feb. 26, 2021 -
Sonos Stock Is Soaring, and Chair Mike Volpi Bought More Shares Sonos Chair Michelangelo “Mike” Volpi bought $2 million of shares of the maker of wireless speakers.
11:31 a.m. Feb. 26, 2021 - By Levi Sumagaysay
Airbnb stock enjoys best day since IPO as analysts call company 'best asset in travel'Airbnb Inc.'s resilience in the face of a continued travel slowdown because of the pandemic, plus its position against its peers, have analysts bullish and the company's shares surging Friday.
10:44 a.m. Feb. 26, 2021 -
Shares in David Beckham-backed cannabis company soar on London debutCellular Goods' stock spiked 310% after it raised $18.4 million on the London Stock Exchange.
9:15 a.m. Feb. 26, 2021 -
DigitalOcean and Olo Are Joining the Tech IPO Parade The tech sector had had 16 IPOs, totaling $13.7 billion, as of Monday, according to Dealogic.
8:59 a.m. Feb. 26, 2021 - By Levi Sumagaysay
Airbnb lost nearly $4 billion during holiday quarter, but sales held up better than online travel rivalsAirbnb Inc., the online lodging booking platform that executed one of the largest initial public offerings of 2020 despite operating in a pandemic-whipped travel industry, continued to hold up better than other online-travel companies in the holiday season, according to its first earnings report as a public company.
6:49 a.m. Feb. 26, 2021 - By Tomi Kilgore
Defense contractor Leonardo DRS files for an IPOLeonardo DRS Inc., a Virginia-based defense contractor, has filed Friday for an initial public offering. The number of shares being offered, or the expected price of the shares, have not yet been determined, but the company said it expects to have 145 million shares outstanding after the IPO. The company said it would not receive any proceeds from the IPO, as all the shares will be offered by a selling stockholder. Leonardo said it has applied to have its stock listed on the NYSE under the ticker symbol "DRS." Goldman Sachs, BofA Securities and J.P. Morgan are the lead underwriters. The company recorded net earnings of $85 million on revenue of $2.78 billion in 2020, compared with earnings of $75 million on revenue of $2.71 billion in 2019. The company is looking to go public at a time that the Renaissance IPO ETF has advanced 10.2% over the past three months, while the S&P 500 has gained 5.8%.
3:58 a.m. Feb. 26, 2021 - By Jon Swartz
Beyond Meat lands deals with McDonald's, KFC, Taco Bell and Pizza Hut; stock surges despite lukewarm earningsBeyond Meat Inc.'s stock initially tumbled 15% in extended trading Thursday after the company came up short on quarterly estimates. But exclusive deals with McDonald's Corp. and Yum Brands Inc., announced just minutes after the earnings release, changed that quickly, sending Beyond shares up 11%, a swing of 26%. By the middle of a conference call late Thursday, the stock was flat, presumably ending the roller coaster ride.
3:14 a.m. Feb. 26, 2021 - By Jeremy C. Owens
One Medical CEO denies clinics gave COVID-19 vaccines to ineligible clients, unless they 'abused our trust'One Medical Chief Executive Amir Dan Rubin denied that his tech-enabled chain of medical clinics had knowingly allowed ineligible clients to receive the COVID-19 vaccine on Thursday, after reports that regulators had halted vaccine distribution to the clinics.
3:51 p.m. Feb. 25, 2021 -
Coinbase Could Go Public as Soon as March The cryptocurrency exchange is using a direct listing to go public. It swung to a profit in 2020, with revenue jumping 136% to $1.14 billion.
12:33 p.m. Feb. 25, 2021 - By Claudia Assis
Fisker reports narrower quarterly loss, on track to make its first SUV in 2022Shares of Fisker rose in the extended session Thursday after the electric-car startup posted a narrower quarterly loss and said it remained on track to start production of its electric SUV in 2022.
12:32 p.m. Feb. 25, 2021 -
Airbnb's First Earnings Report Was a Mixed Bag. The Travel Recovery Remains Uncertain. The lodging firm's fourth-quarter revenue was down 22% from a year ago, but that's better than analysts expected. Profits were below estimates.
7:00 a.m. Feb. 25, 2021 - By MarketWatch
Robinhood says criticism from Buffett’s right hand man on retail trading ‘overlooks cultural shift’ and is ‘disappointing and elitist’Robinhood Markets on Thursday fires back at criticism leveled against it on Wednesday from Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s close partner.
5:34 a.m. Feb. 25, 2021 - By Emily Bary
Coinbase files for IPO amid cryptocurrency boomCryptocurrency platform Coinbase Global Inc. filed paperwork Thursday for a direct listing, revealing profitability as well as growing revenues.
5:31 a.m. Feb. 25, 2021 -
William Blair to Launch SPAC Practice SPACs have emerged as one of the hottest sectors of the IPO market.
4:00 a.m. Feb. 25, 2021 - By MarketWatch
Here’s Jim Cramer’s theory of the emerging strategy at GameStop as its chief financial officer exitsApart from the wild stock-price moves, GameStop does have an underlying business, and it's clear that the videogames retailer is trying to change direction.
3:29 a.m. Feb. 25, 2021 - By Levi Sumagaysay
Airbnb's first earnings since IPO could be a bellwether for the travel industry in 2021Airbnb Inc.'s business was decimated by the coronavirus pandemic, but quickly rebounded to the point that it had one of the biggest initial public offerings of 2020. Now, it's time to find out what is expected for 2021.
3:13 a.m. Feb. 25, 2021 -
The Meme Trade Is Back Johnson & Johnson’s vaccine on track for FDA approval by the weekend, Chinese EV makers begin to report earnings, Federal Reserve’s financial-services systems are disrupted for hours, and other news to start your day.
3:09 a.m. Feb. 25, 2021 - By Levi Sumagaysay
DoorDash earnings: How long will the delivery boom continue?DoorDash Inc. rode its pandemic-powered gains to one of the biggest IPOs of 2020, but investors will now want to see signs it can sustain that momentum.
3:06 a.m. Feb. 25, 2021 - By Jeremy C. Owens
Booking's stock gains despite continued erosion of the online-travel businessBooking Holdings Inc.'s business continued to struggle in the face of the COVID-19 pandemic at the end of 2020, but held up better than analysts expected.
1:52 a.m. Feb. 25, 2021 - By Ciara Linnane
Virgin Galactic names Doug Ahrens CFO, replacing Jon Campagna who is stepping down after IPOVirgin Galactic Holdings Inc. said Thursday it has named Doug Ahrens chief financial officer, replacing Jon Campagna, who is stepping down after the company's move from the private market to the public one. Ahrens was most recently CEO of Mellanox, a semiconductor company, and has done stints at GlobalLogic, Maxim Integrated Products, Intel Corp. and Chevron Corp. Shares of the space travel company were down 1.8% premarket, but have gained 35% in the last 12 months, while the S&P 500 has gained 22%.
Virgin Galactic names Doug Ahrens CFO, replacing Jon Campagna, who is stepping down after IPO
1:48 a.m. Feb. 25, 2021
11:19 a.m. Feb. 24, 2021 -
Palantir COO Sankar Discloses $21.5 Million in Stock Sales The disclosure followed filings earlier this week covering 2.7 million shares sold by three other Palantir executives.
10:51 a.m. Feb. 24, 2021 -
How Vodafone’s $20 Billion Infrastructure Spinoff Could Be a Major 5G Play Vantage Towers’ IPO in Frankfurt is expected at the end of March.
7:00 a.m. Feb. 24, 2021 - By MarketWatch
Stocks turn positive, Dow touches intraday high on reopening optimismStocks reversed earlier losses to trade higher Wednesday as bond yields continued to climb, as investors monitored a second day of testimony from Federal Reserve Chairman Jerome Powell, whose remarks Tuesday were credited with helping major benchmarks reverse big intraday losses.
6:38 a.m. Feb. 24, 2021 -
McAfee Rallies on Strong Earnings. Why One Analyst Turned Bullish. Deutsche Bank analyst Patrick Colville raised his rating on McAfee stock to Buy from Hold. He and other analyst raised their targets for the price.
5:40 a.m. Feb. 24, 2021 - By Tonya Garcia
Oatly parent files for IPO confidentiallyHavre Global AB, the parent company to oat milk producer Oatly, has filed confidentially to go public. The Malmö, Sweden-based company has made a name for itself in the growing plant-based milk category, and has some famous names backing it, including Oprah Winfrey and Jay-Z's entertainment company Roc Nation. Oatly is available in more than 20 countries, and the company has been focused on oat innovation for more than 25 years. Other Oatly products include yogurt and frozen dessert. The Renaissance IPO ETF has doubled over the past year, up 101.1%, while the benchmark S&P 500 index is up 20.3% for the period.
9:18 p.m. Feb. 23, 2021 - MarketWatch
Vodafone plans Frankfurt IPO for Vantage Towers Vodafone Group PLC said Wednesday that it intends to list its European telecommunications-infrastructure unit, Vantage Towers, on the Frankfurt Stock Exchange by the end of March. The U.K. telecommunications group said the offering will consist solely of a secondary sell-down of existing shares held by the parent, and that the planned IPO seeks to target a meaningful minority free float.
11:39 a.m. Feb. 23, 2021 - By Wallace Witkowski
McAfee stock rises as earnings, outlook top Street viewMcAfee Corp. shares rose in the extended session Tuesday after the security software company's quarterly results and outlook exceeded Wall Street expectations.
9:08 a.m. Feb. 23, 2021 -
SPACs Are Selling Off Along With Everything Speculative Bill Ackman’s Pershing Square Tontine Holdings, Chamath Palihapitiya’s Social Capital Hedosophia Holdings IV, and Churchill Capital IV, which announced a merger with Lucid Motors, are among the decliners.
8:08 a.m. Feb. 23, 2021 -
Oprah-Backed Oatly Files to Go Public The IPO could value the vegan food company at $10 billion.
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