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Uber’s valuation may be looking at a haircut — Japan’s SoftBank is officially offering to purchase shares of the firm at a $48 billion valuation. That is a 30 percent discount off of Uber’s most recent valuation of $68.5 billion, a person familiar with the matter...
On the face of it, China’s announcement that it would open its financial markets to increased ownership by foreign companies seems a sea change. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Walmart CEO Doug McMillon said the company’s turnaround, which was aimed at pushing back against Amazon’s dominance, is finally starting to resonate with Wall Street. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
PayPal announced Monday (Nov. 20) it has inked a deal with Acorns, the investing platform, in which customers can use PayPal to fund their investment accounts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Deliveroo, the U.K. food delivery startup, has landed $98 million in fresh venture funding led by T. Rowe Price Associates and Fidelity Management & Research Company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
In Wall Street parlance, a busted initial public offering (IPO) is one that trades below the initial price afforded right out of the gate, on its first day of trading. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The European Securities and Markets Authority (ESMA) warned investors about the risks of initial coin offerings (ICOs) in a statement on Monday (Nov. 13) and also issued rules for firms that become involved in them. Get the Full Story Complete the form to unlock this...