Business

Uber Plunges To Record Low As Post-IPO Selling Curbs Expire

Multiple large stakes in Uber Technologies Inc. changed hands on Wednesday, pushing the shares down to an all-time low,... Read more

Philippine Electronics Maker Cal-Comp Defers $210m IPO Again

Consumer tech firm Cal-Comp Technology (Philippines) has decided for the second time to withdraw its planned $210-milli... Read more

China Said To Mull Buying Up To $10b Stake In Aramco IPO

Chinese state-owned entities are in talks about investing a combined $5 billion to $10 billion in Aramco’s initial pu... Read more

Baby Formula Maker China Feihe Said To Raise $856m In Hong Kong IPO

China Feihe Ltd., a baby formula producer, raised HK$6.7 billion ($856 million) after pricing its Hong Kong initial pub... Read more

China Renaissance-backed Bloomage Biotech Raises $338m In Shanghai IPO

China Renaissance-backed leading hyaluronic acid producer Bloomage Biotech has raised over 2 billion yuan ($338 million... Read more

Postal Savings Bank Plans Biggest China IPO Since 2015

Postal Savings Bank of China Co. is poised for the country’s biggest initial public offering since 2015. The Beijing-... Read more

SoftBank Posts $6.5b Operating Loss After WeWork, Uber Writedowns

SoftBank Group Corp. reported its first quarterly operating loss in 14 years after writing down the value of some of it... Read more

Centurium Capital-backed Group Seeks $1b Financing For China Biologic Bid

A consortium seeking to take China Biologic Products Holdings Inc. private is in talks with banks for more than $1 bill... Read more

Aramco Share Sale Restriction Likely To Rule Out Overseas Listing For At Least A Year

The Saudi government plans to sell 2% of state oil giant Aramco in a domestic listing on Dec. 11, three sources familia... Read more

Indonesias Lion Air Said To Eye Up To $1b Listing In Early 2020

Lion Air is targeting a flotation of up to $1 billion in the first quarter of 2020, several sources close to the matter... Read more

Australian Lender Westpac Seeks To Raise $1.7b As Profit Slides 15%

Westpac Banking Corp is looking to raise A$2.5 billion ($1.73 billion) in capital from shareholders after reporting a 1... Read more

Saudi Aramco Formally Announces What Could Be Worlds Biggest IPO

Saudi Arabia’s giant state oil company finally kick-started its initial public offering (IPO) on Sunday, announcing i... Read more

Alibaba Beats Quarterly Revenue Estimates On The Back Of E-commerce Growth

China’s Alibaba Group Holding Ltd reported a better-than-expected 40% rise in second-quarter revenue on Friday, pow... Read more

GGV Capital-backed Chinese Drone Maker EHang Files For U.S. IPO

Chinese drone maker EHang Holdings Limited has filed for an initial public offering (IPO) in the United States on Thurs... Read more