Airbnb, the US home-sharing startup, has confirmed closing of $1.5 billion fund-raising round. The latest closure of fundraising puts the unicorn startup at staggering valuation.
Tags: IPO
Paul Taubman earns $75.5 mln as annual award disclosed first time
Former Morgan Stanley banker Paul J. Taubman has received $75.5 million compensation in his first year as Chief Executive Officer at PJT Partners Inc. Taubman led the investment bank as a publicly traded company.
Zheshang Bank Co. Postpones Gauging Demand for $1 Billion Hong Kong IPO
Due to some investors' difficulty in transferring their cash out of mainland China, Zheshang Bank has decided to postpone their $1 billion Hong Kong IPO.
Battery Ventures XI Closes Pair of Funds Raising $950 Million
Battery Ventures X has been closed in February 2013 with a fund of $900 million. Now, the Battery Ventures XI is going to be closed at $950 million, surpassing the predecessor funds. A large number of venture firms are expecting to receive funds in 2016, which may be good or bad news for some institutional investors.
Morgan Stanley to increase staffs in Japan
Morgan Stanley intends to hire additional bankers in 2016 in order to contend with its rival Nomura. The company failed to present the exact number of staffs being hired.
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CVC Capital Partners and Canadian Pension Plan Investment Board (CPPIB) are in the advance stage of closing the acquisition process for the takeover of Petco for $4.7 billion.
Asian stocks dropped on low trading volume as commodity producers followed fall in industrial metals and crude oil. Investors and institutions are in the wait and watch mode ahead of US Fed's meeting in December.
Respected investor and web-browser pioneer, Marc Andreessen who is also the owner of a joint venture firm, Andreessen Horowitz had sold nearly 75 percent of his stake in Facebook ahead of the holiday season. According to the regulatory filings, the total shares sold by Andreessen is about $160 million.
The first share sale made by an Indian airline in six years has gone on to receive bids that were 6 times more than the $460 million target set by the company. The company that held an IPO was InterGlobe Aviation Ltd., an air transportation services company with headquarters in Gurgaon, India.
Fiat Chrysler Automobiles (FCA), the Italian-US automobile company being the parent company of Ferrari, floated to the public 17.18 million shares accounting for nearly 10% of Ferrari at $52 a share at its IPO at the NYSE.
Twitter CEO Jack Dorsey gives away a third of his stock in the online messaging service to employees. The move, seen by many as an effort to win staff support, comes just a week after Dorsey laid off more than 300 employees or 8% of Twitter's workforce to streamline the company.
Ferrari priced on Tuesday its initial public offering at $52 giving the high-end car manufacturer a market capitalization of about $9.8 billion.
SanFrancisco-based financial services company Square has announced the appointment of Jacqueline Reses, outgoing chief development officer of Yahoo, as its head of its business financing division Square Capital. Square is in the process of going for an initial public offer (IPO). Square wants to send a message to the capital market that how strong is its top managerial board. The hiring of Reses will enable Square Capital to tap potential areas of business growth where traditional business firms ignore.
Payments giant First Data priced its initial public offering at $16 per share, which is the biggest for 2015 and is lower than the company's previously indicated $18 to $20 per share.
