Diptendu Lahiri
Stories by Diptendu Lahiri
Lyft raises IPO price target as investors fear missing out on mega offering
Lyft raised its IPO price range to between $70 and $72 per share, meaning the ride-hailing company is now targeting a valuation of up to $24.3 billion
BlackRock, KKR said to mull $4-5b investment in ADNOC pipeline unit
ADNOC has started a major transformation drive in the past two years to make it more competitive and commercially focused like other state-owned peers
Enterprise messaging platform Slack makes confidential filing to go public
Slack is said to be still planning to pursue a direct listing as opposed to a traditional IPO as early as the spring.
Tencent-backed Chinese EV maker Nio targets to raise $1.32b in IPO
The firm seeks to invest capital to develop new products in areas such as autonomous driving and battery technologies.
Chinese-owned browser developer Opera’s shares soar in US market debut
Opera's IPO of 9.6 million ADSs was priced at the top end of its indicated range, raising about $115 million.
Dropbox IPO price range values firm nearly a third below peak
Dropbox set a price range of $16 to $18 per share, which would raise up to $648 million in the IPO. The pricing is about a 30% drop from the $10 bill
LexinFintech surges in US debut after raising $108m in downsized IPO
LexinFintech's shares touched a session high of $14.88, a 53 percent jump from its IPO price that valued the Shenzhen-based company at $4.51 billion.
Chinese construction group CCCI to buy Canada’s Aecon for $1.18b
CCCI will pay C$20.37 per share in cash for each Aecon share, a premium of 42 percent to Aecon’s share price on Aug. 24.
SoFi CEO Cagney to step down immediately
SoFi had earlier said that Cagney would step down, but stay on as CEO until a successor was found.
Nasdaq to buy investment analytics firm eVestment for $705m
Nasdaq said the acquisition would boost its market technology business and woo more institutional investors.
