The current high-flyer to raise an initial public offering of about $1.4 billion in the New York Stock Exchange is a Chinese express delivery firm, raising speculations that foreign stocks are gaining a strong foothold in the US market.
Twitter stock fell below its IPO amid the search for a new CEO. Execs admitted of having challenges in attracting new users, compared to its competitors, due to the level of complexity of the social networking’s interface.
Albertsons Companies Inc., a grocery chain owned by Cerberus Capital Management, has filed an initial public offering (IPO) registration on Wednesday, July 8 with the U.S. Securities and Exchange Commission. The move was made after acquiring Safeway in an $8 billion deal.
China could make billions of dollars from taxing gains made by employees of e-commerce giant Alibaba Group (BABA.N) who are free to sell their shares for the first time since its IPO, as the country tightens up its leaky mechanisms for tax collection.
As Alibaba (BABA.N) was preparing to sell shares to U.S. investors for the first time, Jerry Verseput tried to persuade his clients not to throw money at the giant China-based e-commerce company because he thinks IPOs are a gamble, especially those with a lot of hype.