As a result of stark valuation increases and significant gains, big tech stocks have soared throughout the year. Despite their strong performances, however, many investors are looking to diversify away from this long-time successful sector.
Because of their long-term gains, investors are skeptical about the likelihood that tech stocks can...
Edutech company Udemy fell 5.2% on Friday after making its stock market debut with an IPO of $29 per share. The company's share price was listed at $27.50 as the markets closed on Friday evening, giving Udemy a valuation of $3.8 billion.
The San Francisco-based massive open online course provider...
Swedish media company NENT is posing a major challenge to leading streaming services such as Netflix and Disney+ in Nordic countries, gaining 322,000 subscribers in the third quarter to its streaming service Viaplay. As a result, the company's customer base has grown by 28%.
While the company was able to...
Tech startup Plume announced that it has raised over $300 million, mostly from SoftBank Group Corp Vision Fund 2. This round of fundraising has boosted the company's value to $2.6 billion. The Silicon Valley-based company, which aims to provide consumers with a better Wi-Fi experience, built the world's first...
Restaurant software developer Toast Inc. is aiming to reach a $16 billion valuation in its initial public offering (IPO), as was evident in its regulatory filing on Monday.
The company, which sells software that assists restaurants with both in-person and online orders, is aiming to sell 21.7 million shares in...
Internet company Baidu Inc. has sold $1 million worth of bonds, the first major debt offering by a Chinese tech corporation since the country began its regulatory crackdown on private companies. The two-part sustainable deal included the sale of 5.5-year and 10-year notes which have been valued at 83...
Indian company Paytm is determined to launch its IPO by the end of October, a source close to the matter revealed on Monday. This action can only be performed if the digital payment company is able to receive the necessary regulatory approvals to do so.
Should the necessary regulatory approvals...
Smartphone sales in India have declined by 13% in the second quarter as the nation struggles to contain its second wave of COVID-19 infections. While in-person smartphone sales slipped significantly this quarter, online smartphone sales surged by 87% compared to the previous year, helping to curb the overall market...
Online food delivery company Deliveroo reported that its orders surged by 88% during the June quarter, thereby exceeding all previous forecasts for its annual profit margins. Since making its London Stock Exchange debut in March, Deliveroo is expecting to reach an annual gross transaction value (value paid by customers...
With Beijing tightening its oversight on some of China's biggest tech firms, Xiaomi has made a bid to market a dollar bond deal to international investors. The tech firm is looking to raise $1 billion from this effort, which would include a rare green bond tranche.
Prior to beginning...