No rush as many investors steer clear of Aramco IPO
The state oil giant confirmed on Thursday that its initial public offering would be the biggest in history, raising $25.6 billion. The offering will surpass Alibaba’s 2014 New York flotation and value Aramco at $1.7 trillion — still short of the prince’s $2 trillion goal.
Saudi Aramco shares to start trading on December 11
Aramco raised $25.6 billion, beating Alibaba’s record $25 billion listing in 2014.
Market Movers: What changed for D-Street while you were sleeping
US stocks closed higher on Thursday as investors digested the latest jobs da...
Saudi Aramco prices shares at top of range in world's biggest IPO
Aramco may also exercise a 15% "greenshoe" option, allowing it to increase the size of the deal to a maximum of $29.4 billion.
Saudi exchange to limit Aramco index weighting with cap
The Aramco IPO is seen as a test for the Saudi exchange, where the largest listing so far has been worth $6 billion.
Saudi Aramco IPO oversubscribed so far, but not by big margin
Bids received by Friday from institutional and retail investors totalled $44.3 billion, lead manager Samba Capital said.
Paytm in talks to raise another USD 1 billion funding: Sources
Paytm had earlier this week announced a USD 1 billion (around Rs 7,173 crore) fund raise led by US-based asset management firm T Rowe Price. Existing investors Alibaba, Softbank and Discovery Capital had also participated in the funding round.
Stocks stop short of new peaks as Sino-US tensions weigh
US S&P 500 mini futures were down 0.1 per cent.
Saudi Aramco IPO's retail tranche oversubscribed
Aramco is the crown jewel of the economy and the world's most profitable company.
In talks with SBI to jointly run e-commerce portal for MSMEs: Nitin Gadkari
MSME Minister Nitin Gadkari on Thursday said that he is to meet SBI Chairman next month to discuss whether the bank can jointly run an e-commerce portal called Bharat Craft, meant for taking Indian MSMEs to the global platform. “For the first time, after our govt came to power, we are readying a portal called Bharat Craft,” Gadkari said
Ant Financial to raise a $1 billion Startup Investment Fund
China’s largest internet finance operator is bankrolling expansions outside of China to arrest slowing growth at home, where it is also battling Tencent Holdings Ltd. for supremacy in mobile payments and finance.
Asian markets lifted by growing trade optimism
Hong Kong rose 0.2 percent, with e-commerce titan Alibaba piling on more than three percent a day.
After WeWork, SoftBank’s startup accounting model under fire. Oyo raises eyebrows
The Vision Fund put $250 million into Oyo in 2017 and led a $1 billion funding round last year, which pushed the Indian company’s valuation to $5 billion. Son encouraged Agarwal to expand into markets such as China and the U.S. and to buy properties, including the Hooters Casino in Las Vegas for $135 million.
Alibaba, Aramco share sale bonanza fails to produce fee windfall for banks
17 banks will split up to $32.3 million for Alibaba Group's Hong Kong deal.
Accor and Alibaba Group Enter into a Strategic Partnership
Accor said through the 'strategic collaboration' the chain plans to develop a series of digital applications and loyalty programs to improve the consumer and traveler experience over the next five years. The chain said the collaboration will leverage Alibaba’s 700 million consumers across its China retail marketplaces.
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