Reddit said it plans to hire investment bankers and lawyers for the US IPO

Reddit, the online message board operator that has become a favorite destination for day traders chasing this year’s frenzy over so-called stock meme, is looking to hire investment bankers and lawyers for an initial public offering (IPO) in New York, two people familiar with the matter said on Thursday. Reddit was valued at $10 billion … Read more

Binance Founder Changpeng Zhao Claims His US Encryption Exchange Arm Targets IPO Within 3 Years: Report

Changpeng Zhao, founder and CEO of Binance, the global cryptocurrency exchange, said his US arm could have an initial public offering within the next three years, The Information reported on Wednesday. “Binance.US will just do what Coinbase did,” Zhao said, according to the report. Binance.US is also expected to end a large round of private … Read more

Amazon-backed electric vehicle manufacturer Rivian Archives for IPO

Electric vehicle maker Rivian said it has confidentially filed an initial public offering with regulators, setting the stage for a successful year-end market debut as it appears to enter a bullish IPO market in the United States. Rivian, which counts, Soros Fund Management and BlackRock among its top investors, will seek a valuation of … Read more

Microsoft invests $5 million in SoftBank-backed Oyo ahead of its expected IPO

Microsoft invested $5 million (about Rs. 37.15 crores) in Oyo, backed by SoftBank, according to a regulatory document, ahead of the Indian hotel chain’s plan to go public. Oravel Stays Pvt Ltd (Oyo) approved on July 16th the issuance of shares and convertible cumulative preferred shares in the amount of Rupees equivalent to $5 million … Read more