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...
With its official London Stock Exchange trading debut to commence on Wednesday, fintech company Wise is expected to receive a market capitalization of 7 billion pounds ($9.66 billion). This comes after it was indicated that the company's Class A shares would open at 750 pence (approximately $10) each at...
Vehicle-for-hire company Didi Global Inc. experienced a 7% decline on the New York Stock Exchange on Friday following a Chinese government decision to launch a cybersecurity review of the company. As a result, Didi, which only started trading publicly on Wednesday, fell to a value of $15.26 per share.
The...
Airbus has offered to assemble the Eurofighter aircraft in Switzerland if Bern decides to select the aerospace company for a defense contract worth six billion Swiss franc ($6.5 billion), a source from the consortium revealed on Sunday.
This commitment from Airbus follows the announcement of a Swiss cabinet decision to...
IT consulting firm Accenture released its latest quarterly revenue figures on Thursday, exhibiting a financial performance that beat analysts' projections. The Dublin-based company managed to boost earnings through its use of digital, cloud, and security services to develop a hybrid work model during the height of the pandemic.
Since the...