South Korea’s Coupang files for mega US IPO at over $50bn valuation

01-03-2021
Softbank-backed S. Korean e-commerce giant Coupang Inc. had filed for a US IPO on Monday with a targeted valuation range between $46 billion and $51 billion, paving ways to secure the largest US IPO this year

Issaquah retailer Costco lifts minimum wage above Amazon, Target to $16 per hour

01-03-2021
Later last week, the membership-only American multinational retailer Costco had raised its minimum wages for hourly workers to $16/hour, a dollar more than rival Amazon, Target and Walmart

Chinese e-scooter maker Niu in talks to supply Indonesia’s Gojek in expansion bid

01-03-2021
Later last week, Chinese e-scooter maker Niu CEO said in an interview that the company would be tapping into a fast-growing ride-hailing market in Southeast Asia

Dallas’ retailer GameStop rally cools off; still shares shelve 151% weekly gains

01-03-2021
GameStop Corp. shares closed out Friday's market 6 per cent lower amid a broad-based tech sell-off wave, however, had secured a 151 per cent in weekly percentage gain

SoftBank reaches $500 million settlement deal with ex-WeWork CEO Adam Neumann

28-02-2021
Later this week, SoftBank said in a statement that it had cut a settlement deal with the ex-WeWork CEO Adam Neumann, dissolving a 1-1/2-year long legal dispute

Californian Google, Facebook team up with Reliance on digital payment network bid

28-02-2021
India's retail-to-telecom conglomerate Reliance teamed up with Google, Facebook and Infibeam in a bid to create a national digital payment network

Menlo Park's online brokerage Robinhood mulls confidential US IPO filing in March

28-02-2021
Online brokerage Robinhood, which has been a centrepiece in a recent retail trading frenzy, mulls a confidential US IPO as early as next month

Virginia’s Leonardo DRS files for NYSE listing, to be completed by end-March

27-02-2021
Italian defence conglomerate Leonardo said on Friday that the company had filed for a US IPO with US SEC for its DRS unit

US initial jobless claims fall to 3-month low in latest sign of tentative recovery

27-02-2021
In latest sign of a gradual recovery in a near-stagnant US labour market, number of Americans filing for weekly initial jobless claims dropped to a three-month low last week

Jacksonville’s Sports retailer Fanatics enters China via JV with Hillhouse Capital

26-02-2021
Frantics Inc., the world's No 1 online retailer of licensed sportswear, said on Thursday that it would expand into Chinese market through a JV with a private equity fund Hillhouse Capital Group

San Francisco’s Twitter sees revenue doubling by 2023, teases ‘Super follow’ feature

26-02-2021
On Thursday, Twitter Inc. had laid out a plan that in effect would double up its annual revenues by 2023

Californian Coinbase files for Nasdaq listing, shows revenue surge amid bitcoin binge

25-02-2021
Coinbase, the world's largest cryptocurrency exchange, had filed for a direct public listing on Nasdaq with US SEC (Securities and Exchange Commission) on Thursday

New York lender Goldman-backed ReNew agrees US public listing in $8bn SPAC merger

25-02-2021
ReNew, the largest renewable energy firm in India, had agreed to a $8 billion merger with an SPAC backed by blank-cheque company titan Chamth Palihapitiya

Saudi Arabia’s PIF kickstarts $3 billion tourism infrastructure venture

25-02-2021
Saudi Arabia's PIF or Public Investment Fund has launched a $3 billion tourism infrastructure venture in the Kingdom's Southwestern Asir region

California’s Uber Eats, Just Eat, Deliveroo & Foodinho-Glovo fined €733mn in Milan

25-02-2021
On Wednesday, Milan Prosecutors said in a briefing that the bloc's third-largest economy had fined Uber Eats, Just Eat, Deliveroo and Foodinho-Glovo €733 million for improper working condition

Houston’s Baker Hughes quit Nord Stream 2; Lawmakers say sanction won’t stop pipeline

24-02-2021
Baker Hughes, AXA Group alongside 16 other energy industry giants had exited Russia's Nord Stream II gas pipeline project

Newark’s Lucid Motors’ $62bn valuation sparks bubble fret as Churchill Cap. shed 35%

24-02-2021
On Tuesday. e-vehicle start-up Lucid Motors were valued at $62 billion following a merger with an SPAC Churchill Capital IV

New York's Blackstone-backed Oatly files for US IPO, aims $5 billion valuation

24-02-2021
Oatly, the Blackstone-backed Swedish baker of oat-based alternative dairy products, had submitted a proposal for a US IPO (Initial Public Offerings) on Tuesday

Dallas’ fintech firm Apex Clearing to go public via $4.7bn deal with Ledecky’s SPAC

23-02-2021
Dallas, Texas-based fintech firm Apex Clearing had agreed to a merger deal with New York Islander co-owner Ledecky's SPAC to go public in a deal which could value the combined entity at roughly $4.7 billion

Plano’s banking software provider Alkami plans US IPO at $3 billion valuation

22-02-2021
Alkami Technologies, a Texas-based banking software provider, has hired Goldman Sachs as a leading underwriter of its slated IPO scheduled to be taken place later this year

Moscow goes green, eyes fully electric bus fleet by 2030

22-02-2021
A top official of Moscow city transport department said later last week that the Russian capital city was eyeing a move to entirely electrify its public transport fleets by 2030

Boston restaurant software start-up Toast mulls US IPO, eyes $20 billion in valuation

22-02-2021
Toast Inc., a Boston-based restaurant management software developer, has been mulling a US IPO later last year which in effect could value the tech start-up over $20 billion

Illinois’ Kraft Heinz, General Mills & Kellogg tap into direct online sales

21-02-2021
A flurry of deep-pocket packaged food companies were looking to ramp up direct online sales to their consumers in a quest to probe customers' shopping behaviour

German billionaire venture capitalist Hommels launches Frankfurt-based SPAC

21-02-2021
Later this week, German venture capitalist Klaus Hommels had launched a Frankfurt-based SPAC, largely aimed at offering a material route for the European tech start-ups to go public by bypassing the conventional IPOs

Palo Alto’s Varian purchase by Siemens Healthineers in $16.4bn deal receives EU nod

20-02-2021
On Friday, EU antitrust regulators had greenlighted the Siemens Healthineers' $16.4 billion buyout deal for US-based radiotherapy specialty giant Varian