#Volvo reportedly preparing for upcoming  billion IPO

#Volvo reportedly preparing for upcoming $20 billion IPO

“#Volvo reportedly preparing for upcoming $20 billion IPO” The owner of Volvo, China’s Geely Holding, is in advanced discussions with banks to list the automaker in the coming weeks, three sources told Reuters, in what is expected to be one of Europe’s biggest initial public offerings this year. Volvo is aiming for a valuation of about…

Read More
# SEC takes action against Chinese billionaire’s companies over 0M offerings

# SEC takes action against Chinese billionaire’s companies over $500M offerings

“# SEC takes action against Chinese billionaire’s companies over $500M offerings ” The United States Securities and Exchange Commission (SEC) has charged three of Chinese billionaire Guo Wengui’s companies over an initial coin offering (ICO) and initial public offering (IPO) that fetched around $487 million combined. The infamous Wengui, also known as Miles Kwok or…

Read More
#Lawyers fight back following attack on SPACs

#Lawyers fight back following attack on SPACs

“#Lawyers fight back following attack on SPACs” The nation’s top law firms are clapping back against an explosive lawsuit filed last week that argues so-called special-purpose acquisition companies, or SPACs, should be regulated as investment vehicles. In a letter released Friday, 49 of the most prestigious law firms in the US came to the defense…

Read More
#Rivian reportedly seeks valuation of up to B in IPO

#Rivian reportedly seeks valuation of up to $80B in IPO

“#Rivian reportedly seeks valuation of up to $80B in IPO” Amazon-backed electric vehicle company Rivian is seeking a valuation of around $70-80 billion in its initial public offering, a source familiar with the matter told Reuters on Friday. Rivian confidentially submitted plans to federal regulators for an IPO, the company said in a statement. The company, which aims…

Read More
#Forbes to become public company through 0M SPAC merger

#Forbes to become public company through $630M SPAC merger

“#Forbes to become public company through $630M SPAC merger” Forbes Global Media, the publisher of Forbes magazine, said Thursday that it will go public through a merger with a blank-check acquisition firm in a deal that values the combined entity at $630 million. The company said it will merge with special purpose acquisition company Magnum…

Read More