Rakuten is raising a massive $2.2 billion with its stake to some of the big companies. The company plans to use this capital to expand its delivery network and establish a strong footing in Japan’s rural areas.
The latest funding to Alchemix will help its developers to commit to full-time developments. Besides, it will help the DeFi protocol to boost its other activities of hiring and marketing.
If nothing changes and the offering takes place, Torchy’s Tacos could raise as much as $300 million. Besides, its valuation could reach about $1 billion.
Apart from raising more capital through a public offering, Grab is expected to raise extra capital from private investors.
In recent times, Chinese authorities have upped their game and are beginning to pay more attention to the activities of internet companies in the country.
American investors Stanley Druckenmiller and Bill Ackman are set for a huge payday after a record-breaking Coupang IPO. The company debut at $35 on Thursday, surpassing its initial target.
The crypto lender BlockFi has noted as one of its many plans to utilize the new capital boost to accelerate the expansion of its services into new markets.
Sanofi will begin testing its second COVID-19 vaccine on 415 people today. First results are expected sometime between July and September 2021.
The weekly jobless claims as per the Labor Department report have dropped to a four-month low since November 2020. The tech and growth stocks continue to rally further with the stimulus boost.
CoinShares stock opened the day at 81.9 SEK and closed at 109.12 SEK. This translates into a market cap of 7.3 billion SEK ($860M) and 33% price jump.
CZ said that Binance books are healthy at the moment with good cash reserves and growth figures. Thus, he thinks that the company is better-off staying private and doesn’t see the need of going public.
Roblox investors are closely monitoring the coronavirus vaccine development as it will significantly affect the company’s gains.
Predicting 2021 earning results, Bumble said that the company is expected to generate revenue between $716 million and $726 million.
Though Boeing is showing signs of getting back on its feet, there are still a few more things to improve to guarantee a potential recovery run.
Oracle reported a net income of $5.02 billion, or $1.68 a share, compared with $2.57 billion, or 79 cents a share, in the year-ago period.