Spanish travel technology firm Hotelbeds is reportedly considering an initial public offering (IPO) next year, with plans to sell more than €1 billion (about $1.07 billion) worth of shares. The company is in talks with banks to lead the sale, Reuters reported Monday (Sept. 18), citing unnamed sources....
Instacart has announced that it will be pricing its initial public offering (IPO) at $30 per share, which is at the high end of expectations. At this price, Instacart would have a fully diluted valuation of $9.9 billion, The Wall Street Journal (WSJ) reported Monday (Sept. 18). Its...
As the October resumption of federal student loan repayments approaches, the financial strain of repaying these loans is expected to have a significant impact on millennials’ overall well-being, particularly on their mental health. In the July “Consumer Inflation Sentiment Report: Back to School Means Back...
Marketing automation platform Klaviyo is aiming for a valuation of $9 billion when it goes public. The company on Monday (Sept. 18) estimated in a filing with the Securities and Exchange Commission that its initial public offering (IPO) price would be between $27 and $29, compared to the $25...
An estimated 260 million packages were stolen in the U.S. last year. That’s according to delivery company Arrive, which says it hopes to reverse that number, with the help of artificial intelligence (AI) and machine learning (ML) and its mailbox-as-a-service (MaaS) platform. The Indiana-based company...
As grocers look to capture more of consumers’ day-to-day spending than just their food budgets, one upcoming store is going so far as to offer a five-hole putting green. Supermarket operator Jackson Mitchell Holdings announced Friday (Sept. 15) that, next summer, it will open a...
Macy’s plans to hire more than 38,000 seasonal full- and part-time positions for the upcoming holiday season. The positions will be available at Macy’s, Bloomingdale’s and Bluemercury stores, as well as the company’s distribution centers, the retailer said in a Monday (Sept. 18) press release....
Hack by hack, the fraudsters are getting bolder. And for enterprises girding against the rising tide of disruption and ransomware, advanced technologies are integral parts of any line of defense. A spate of attacks detailed over the last several days and weeks underscores the urgency...
Oracle has expanded its cloud banking portfolio to help lenders launch new transaction banking offerings. Those offerings, announced Monday (Sept. 18), include cash management, liquidity management, and virtual account management, part of a suite of services designed to help banks bolster visibility, forecasting, and better control liquidity to...
