Authentic Brands Group delays IPO to sell stake in deal, making company worth $12.7B Authentic Brands Group has canceled its plans for an IPO and instead has planned to sell significant equity stakes in its business to private equity firm CVC Captial, and other current shareholders which value the company at $12.7 Billion The CEO… Continue reading Business News – 11-22-2021
Tag: IPO
Business News – 08-31-2021
Allbirds reveals their continued losses as they file for IPO On August 31, sustainable shoe maker Allbirds said that they have lost money since the start and expect to be unprofitable in the foreseeable future as they file for an initial public offering Allbirds is hoping to cash in on increasing demand, especially among younger… Continue reading Business News – 08-31-2021
Business News – 07-29-2021
IPOs in the United States will be allowed by China Chinese companies that seek to go public in the United States will still be allowed by China as long as they meet listing requirements according to the country’s securities regulator Companies like Tencent and Alibaba have seen their shares decrease drastically in the last several… Continue reading Business News – 07-29-2021