Deliveroo has denied any wrongdoing and strongly rebuffs the accusation that it treats its workers shabbily.
According to the report, the deal values Cazoo around $7 billion with an extra $1.6 billion of which $805 million will come from Ajax I and another $800 million will be received from several other stakeholders.
Tesla stock has now been trapped in a multi-week correction after rallying over 500% last year.
Tencent Music announced that it will buy back Class A ordinary shares of up to $1 billion. The music streaming company further confirmed this could start as soon as March 29th and run for up to 12 months.
Bilibili is underperforming in its secondary listing. The company dabbed China’s YouTube last week raised $2.6 billion in its Hong Kong listing, in its first day of trading, it opened below its IPO price and dropped as much as 7% intraday.
The alleged stance of Burberry has caused severe hatred for its brand in China with Regina IP, a Hong Kong lawmaker saying she will stop buying the Burberry products.
Nio has recorded impressive results in auto production in the past two quarters. But the current halt may be risky for the performance of the company.
Xiaomi is reportedly planning to develop an electric vehicle. The Chinese smartphone company is said to be collaborating with Great Wall Motor Co Ltd for both its manufacturing plant and its engineering expertise.
According to the Federal Reserve, the restrictions on dividends and share repurchases will end for almost all the banks on the 30th of June.
During the last quarter of 2020, GameStop recorded earnings per share of $1.34 on the revenue of $2.12 billion.
DigitalOcean provides developers with cloud services that help to deploy and scale applications that run simultaneously on multiple computers.
To achieve the targeted $100 billion valuation, DiDi should secure $10 billion from selling 10% of its shares.
Following the public listing moves, Bilibili will commence trading in Hong Kong on March 29 under the code “9626.”
Robinhood is said to be actively preparing for going public but the company has not yet determined the number of shares to be offered during the IPO.
Although Amazon stands to gain the most from the IPO, Deliveroo’s CEO Will Shu will be the biggest individual winner after the offering.