The China-based electric vehicle battery manufacturer Contemporary Amperex Technology Co Ltd (CATL) is now planning a $2 billion IPO to be completed by the end of June 2018, with the funds to be used to accelerate the company’s expansion plans.
After all of the hype, it appears that Saudi Aramco is now contemplating cancelling its plans for an international IPO. The IPO would be replaced with a private share sale to world sovereign funds and institutional investors — which would allow the state-owned company to get around requirements to fully disclose (publicly) data on oil reserves that it may not wish to disclose.
The popular on-demand taxi service Lyft is reportedly close to hiring an IPO advisory firm to set the foundation for a public offering, according to Reuters.
Global average temperatures could could cross a notable “barrier” in less than a decade. New research finds global average temperatures may rise 1.5° Celsius over pre-industrial temperatures by as early as 2026, if the Interdecadal Pacific Oscillation has indeed now moved into a positive phase as is suspected. The new research comes from the ARC Centre of Excellence for Climate System Science.
It’s long been a mystery what the real-world situation is with Saudi Aramco’s oil reserves, as the state-owned firm has been reporting the same 261 billion barrels reserve figure for the last 30 years or — with no changes, despite pumping out large quantities of oil every year.
Lyft is targeting a roughly $6 billion valuation with a new $500 million funding round, according to reports from the Wall Street Journal and others. That would put the company’s valuation somewhat above where it is “now” — the last private funding round saw a company valuation around $5.5 billion.
Danish wind energy giant DONG Energy has launched the largest Initial Public Offering so far this year, with shares jumping 10% during the company’s opening hours of trading. DONG Energy has long been hinting at an Initial Public Offering (IPO), and in May announced its official intention to proceed, suggesting … [continued]
Danish energy company DONG Energy announced earlier this month that it had divested its Danish gas distribution business to Energinet.dk. In a move tied in with the company’s intentions to launch an initial public offering (IPO), DONG Energy announced that it had divested its Danish gas distribution company, DONG Gas … [continued]
Danish energy company and wind energy developer DONG Energy has confirmed that it intends to proceed with an Initial Public Offering. DONG Energy has long been hinting at its plans to launch an Initial Public Offering (IPO), and the company published the results of its IPO roadmap last September, announcing … [continued]
After announcing the pricing of its IPO on Tuesday, US-based residential solar provider Sunrun hit its target, raising $251 million on its first day of trading on Wednesday. Sunrun announced pricing for its IPO of 17,900,000 shares of common stock on Tuesday, a day before the shares were set to begin … [continued]
