The Chinese tech giant Alibaba has strengthened its ties to the Turkish eCommerce platform Trendyol with a $350 million investment. According to reports, this capital injection gives Alibaba an 86.5 percent stake in Trendyol. Get the Full Story Complete the form to unlock this article...
Silicon Valley-based business growth firm Brex raised $425 million in a Series D investment round led by Tiger Global that gives the startup a valuation topping $7.4 billion, the company announced in a Monday (April 26) press release. Get the Full Story Complete the form...
The “Google of the crypto economy” and Netscape 2.0. are just two of the many powerful analogies the Coinbase initial public offering (IPO) garnered on its April 14 debut with a closing stock price of $328.28 and an $85.8 billion market cap. It’s been a...
Chinese companies are listing on U.S. exchanges at a record pace, Bloomberg News reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...
Darktrace, a cybersecurity company, will be slashing the value of its forthcoming London flotation, looking instead for a cautious approach to avoid the kind of disaster that befell Deliveroo’s attempt, a Sky News report says. Get the Full Story Complete the form to unlock this...
Super Group, the parent of online betting company Betway, is preparing to go public in a deal that would value Super Group at roughly $5.1 billion, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Brazil’s Nubank is in talks to go public on the U.S. stock market via an initial public offering (IPO), Reuters reported, citing people familiar with the matter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Has the red-hot IPO market begun to cool down? The numbers would seem to indicate that it has. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
The PYMNTS SPAC/IPO Tracker shows that though some observers have flagged the red-hot listing pace as ripe for a slowdown — CNBC reports that April has seen roughly 10 SPAC deals, where March had about 109 deals) — software companies and firms that stake their claims...
