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...
Software startup Sprinklr is looking to target a $5 billion valuation through its Initial Public Offering (IPO) on the New York Stock Exchange, the company revealed on Monday. The company is determined to raise up to $380 million in its efforts.
With high-profile customers including the likes of Microsoft Corp...
French cloud computing services company OVHcloud is expected to release its plan to list on the Euronext Paris stock exchange shortly, sources close to the issue revealed. According to industry analysts, OVHcloud could be expected to reveal an initial public offering (IPO) that values the company at several billion euros,...
Graphics processing unit manufacturer Nvidia Corp submitted an application to Chinese competition regulators for the review of the company's proposed takeover of the United Kingdom-based chip designer Arm. The deal, worth approximately $40 billion, could take up to 18 months to be processed depending on the length of the...
Thai fashion e-commerce startup Pomelo plans to offer its analytics and demand forecast technology to other fashion brands in the region, its chief executive recently announced. This comes as an effort to boost revenue for the company amid slowing physical store sales.
Pomelo chief executive David Jou stated during an...
Dow Jones futures declined at a steady rate on Wednesday morning, with the S&P 500 and Nasdaq futures following closely in their footsteps. This news comes after the stock market's previous rally closed lower on Tuesday.
While Dow Jones futures declined by 0.4%, S&P 500 futures and Nasdaq 100 futures...