BlaBlaCar has raised $108 million in credit as it awaits a better IPO market. CEO Nicolas Brusson told Bloomberg News — in an interview published Wednesday (April 3) — that the French carpooling company enjoyed its first profitable year in 2023 following a “pretty rough”...
So far, 2024 has been something of a mixed bag for high-profile IPOs. The initial public offering (IPO) market flagged in 2022 and 2023, and Wall Street had hoped this year would offer a turnaround. But as Bloomberg News reported Sunday (Feb. 4), two of...
Apex FinTech has reportedly filed confidentially for an initial public offering (IPO). The Dallas-based clearing company had planned to go public through a special purpose acquisition company (SPAC) merger in 2021, but that $4.7 billion deal fell through. The planned IPO was the subject of...
The initial public offering (IPO) market, which had shown signs of rebounding, is now facing challenges due to factors like the conflict in the Middle East, surging Treasury yields and a fickle market for new issues. These risks are expected to slow down the already...
September 04, 2017
The 1960s TV show “Lost in Space” featured a robot that would stand pat, robot arms akimbo, shouting in its robot voice, “Danger, Will Robinson, danger!” The filming was crude, the presentation abysmal, with the robot just a step or two up from tin cans joined together. It worked. The makeshift oracle more often than […]
May 26, 2024
Private equity firms are reportedly holding onto a record 28,000 companies worth $3 trillion-plus. It’s a situation outlined in a report Sunday (May 26) by the Financial Times (FT), which noted that the private equity (PE) sector’s difficulties in providing returns to clients is hurting hedge funds, which rely on those clients — pension plans, endowments, foundations […]
April 03, 2024
BlaBlaCar has raised $108 million in credit as it awaits a better IPO market. CEO Nicolas Brusson told Bloomberg News — in an interview published Wednesday (April 3) — that...
February 04, 2024
So far, 2024 has been something of a mixed bag for high-profile IPOs. The initial public offering (IPO) market flagged in 2022 and 2023, and Wall Street had hoped this...
December 18, 2023
Apex FinTech has reportedly filed confidentially for an initial public offering (IPO). The Dallas-based clearing company had planned to go public through a special purpose acquisition company (SPAC) merger in...
