JoshuaFranklin
Stories by JoshuaFranklin
WeWork reports growing revenues, widening losses ahead of IPO
The company lost more than $900 million in the first half of 2019, up 25% from a year earlier, even as its revenue doubled to $1.54 billion.
China’s Wanda Sports raises $190.4m in downsized US IPO
Earlier this week, Wanda Sports had cut the size of its IPO to up to $308 million from a previous size of up to $500 million.
WeWork plans to host analyst day for Wall Street banks in IPO push
WeWork is looking to raise $3-$4 billion in debt before it goes public.
AB InBev Asia unit calls off year’s largest IPO
The firm was reportedly struggling to secure enough demand from long-term investors.
Slack stock soars in trading debut, values firm at more than $23b
Slack's trading price gave it a valuation of more than 50 times revenue.
J.D. Power’s China-backed PE owner puts company up for sale
XIO's acquisition of J.D. Power in 2016 attracted US government scrutiny.
Impossible Foods raises $300m ahead of possible IPO
The latest round for Impossible Foods brings the Silicon Valley-based startup's total raised to more than $750 million.
Uber drivers to strike in New York for ‘unfair employment conditions’
The protests underscore the challenge for Uber of finding a way to lower driver costs in order to become profitable while also paying them enough.
Uber sets IPO terms, seeks to raise $10.3b at $91.5b valuation
The valuation it is seeking is less than the $120 billion that investment bankers told Uber last year it could fetch.
Uber says in IPO filing it has 91m users but growth is slowing
The disclosure also highlighted how far Uber remains from turning a profit.
