Bengaluru-based Swiggy has received a go-ahead from its shareholders for its initial public offering (IPO), as per regulatory filings. The food and grocery delivery company plans to raise up to Rs 3,750 crore ($450 million) in fresh capital, in addition to an offer-for-sale (OFS) component of up to Rs 6,664 crore ($800 million), according to filings made with the Registrar of Companies.Swiggy, which is yet to file its IPO documents with the country’s capital markets regulator Securities and...
Ibotta, the digital marketing company backed by Walmart, said on Tuesday it was looking to raise about $551 million in an upsized initial public offering in the United States. The company and some of its existing shareholders plan to sell a combined 6.56 million shares, nearly one million more than its previous offering after some selling investors decided to offer more stock. The company is seeking a valuation of $2.55 billion and sell 2.5 million shares and the stock offering is expected to be...
CVC Capital Partners, a Luxembourg-based private equity group, aims to raise €1.25 billion through a listing in Amsterdam in the coming weeks involving both new and existing shares. The company, founded over 40 years ago, officially confirmed its plans on Monday, after two earlier attempts failed because of volatility on the financial markets. The company has €186 billion in assets under management and invests in companies, debt and infrastructure. CVC has a workforce of 1,154 people, of whom...
U.S. officials say the Pentagon is poised to send $1 billion in new military aid to Ukraine as the Senate begins debate on long-awaited legislation to fund the weapons Kyiv needs to stall gains made by Russia. The decision announced Tuesday comes after months of frustration, as bitterly divided members of Congress deadlocked over the funding. House Speaker Mike Johnson was forced to cobble together a bipartisan coalition to pass the bill. The overall $95 billion foreign aid package is expected...
Swiggy plans to raise $1.25 billion in an initial public offering and has secured approval from its shareholders, the Indian food delivery and instant commerce startup disclosed in a filing to the local regulator. The Bengaluru-headquartered startup, which competes with publicly-listed Zomato and StepStone Group-backed unicorn Zepto, plans to raise $450 million through issuance of […] © 2024 TechCrunch. All rights reserved. For personal use only.
WASHINGTON (AP) — U.S. officials say the Pentagon is poised to send an initial $1 billion package
By JOSH BOAK Associated Press WASHINGTON (AP) — The Biden administration has reached an agreement to provide $6.1 billion in government support for Micron Technology to produce advanced memory computer chips in New York and Idaho. Senate Majority Leader Chuck Schumer, D-N.Y., personally courted Micron to build what would ultimately be a set of four
By JOSH BOAK Associated Press WASHINGTON (AP) — The Biden administration has reached an agreement to provide $6.1 billion in government support for Micron Technology to produce advanced memory computer chips in New York and Idaho. Senate Majority Leader Chuck Schumer, D-N.Y., personally courted Micron to build what would ultimately be a set of four
Former President Donald Trump is already the majority shareholder in Trump Media, which trades under the ticker DJT.
In September, 777Partners reached agreement to buy 94.1 per cent of the club. A number of financial obstacles have prevented the deal from being completed. 'He doesn't have any excuse to dive!' Will Bukayo Saka learn from his Bayern tumble? Listen to the
The new Coca-Cola $1.1 billion deal looks to incorporate Microsoft's AI in potentially improving its beverage-making services.
The North American revenue of the combined company would total $5.80