Markets

Ride-hailing company Uber Technologies Inc will unveil terms for its initial public offering on Friday, telling investors it will seek to be valued at between US$80 billion and US$90 billion, Reuters reports, citing people familiar with...

Thailand is set to see the most funds raised from initial public offerings in Southeast Asia this year, with more than US$5 billion expected to be garnered in the second half, Reuters reports. Southeast Asia’s second-largest...

Beijing-based coffee chain Luckin Coffee on Monday filed for an initial public offering in the United States as it aims to expand its store network and boost its operations further in China. The Chinese startup, which...

Pinterest Inc raised around US$1.4 billion in its initial public offering (IPO), fetching a roughly US$12.66 billion valuation, above its expectations, Reuters reports. Pinterest, the online scrapbook where users save ideas for clothes, décor and recipes,...

Uber Technologies Inc has 91 million users, but growth is slowing and it may never make a profit, the ride-hailing company said in its initial public offering filing, Reuters reports. The document gave the first comprehensive...

Shares of recently listed Lyft Inc fell to a fresh low and closed down almost 11 percent on Wednesday on news that rival Uber Technologies Inc was close to filing its own initial public offering, Reuters...

The London Stock Exchange said its pan-European platform Turquoise would shift trading in euro-denominated shares to its new Dutch hub if Britain leaves the European Union at the end of the week without a deal, Reuters...

Last month Australian-born American media mogul Rupert Murdoch completed his deal of the century with the sale of most of 21st Century Fox’s entertainment assets to The Walt Disney Company. Li Ruigang, dubbed as China’s Murdoch,...

Lyft Inc was valued at US$24.3 billion in the first initial public offering (IPO) of a ride-hailing startup on Thursday, raising more than it had set off to do, Reuters reports. Lyft’s IPO sets the stage...

Name a blue-chip company that has generated so much bad news in recent months yet has seen its shares continue to rise. MTR Corp (00066.HK), the teflon company. Its investors – don’t they read the papers...

Hong Kong’s securities regulator banned UBS from leading initial public offerings (IPOs) in the city for a year, while fining it and rivals including Morgan Stanley a combined US$100 million for due diligence failures on a...

A growing number of companies trading on China’s main over-the-counter (OTC) equity market are defecting to Shanghai’s hotly-anticipated Nasdaq-style technology board, as they follow the money. Four companies, including Jiangsu Beiren Robot System Co. and Jiangxi...

China has finalized regulations for a Nasdaq-style innovation board that promises to smooth the way for Chinese technology IPOs, Reuters reports. The stock market regulator late on Friday published the rules for the tech board in...

A purported crypto entrepreneur who found himself in the news last December for a money-throwing stunt on a Hong Kong street was arrested on Thursday for suspected fraud related to sale of virtual currency mining equipment. Wong...

Asian shares rose on Friday, driven by a rally in Chinese markets after index publisher MSCI announced it would boost the proportion of mainland shares in its global benchmarks, Reuters reports. Chinese shares rallied, with the...

Uber Technologies Inc. and Lyft plan to offer cash bonuses to some of their most active drivers with the option to purchase shares in the ride-hailing firms’ highly anticipated Wall Street debuts, Reuters reports. Both programs...

A former top corporate lawyer at Apple was criminally charged by the US Department of Justice on Wednesday with insider trading, Reuters reports. Gene Levoff exploited his positions as corporate secretary, head of corporate law and...

Thai tycoon Prasert Prasarttong-osoth resigned on Monday as chief executive of Bangkok Dusit Medical Services and Bangkok Airways after the securities regulator barred him from holding executive positions in listed Thai firms, citing share manipulation, Reuters...

A group of nine financial institutions, including Morgan Stanley, Fidelity Investments and Bank of Bank of America Merrill Lynch, plan to launch a low-cost bourse that will compete with the New York Stock Exchange and Nasdaq....

US President Donald Trump played down the stock market’s drop at the end of 2018, calling it a “glitch” and saying the market will again go up once various trade deals are settled, Reuters reports.  Trump, who...