How Elon Musk and Tesla Helped Make C.E.O Pay Even Richer

The gap with workers widened even further as public companies granted top executives rich pay packages partly inspired by Tesla.

#amazon-com-inc, #biota-pharmaceuticals-inc, #boards-of-directors, #coty-inc, #electric-and-hybrid-vehicles, #emanuel-ariel-z, #equilar, #executive-compensation, #expedia-inc, #gelsinger-patrick, #initial-public-offerings, #intel-corporation, #musk-elon, #tesla-motors-inc, #wages-and-salaries

Why SPACS Are Flailing as Market Conditions Shift

For a time, SPACs were the preferred way for companies to go public. But changing market conditions and the threat of regulation are making Wall Street lose its appetite.

#banking-and-financial-institutions, #inflation-economics, #initial-public-offerings, #interest-rates, #mergers-acquisitions-and-divestitures, #regulation-and-deregulation-of-industry, #special-purpose-acquisition-companies-spac, #start-ups

Fear and Loathing Return to Tech Start-Ups

Workers are dumping their stock, companies are cutting costs, and layoffs abound as troubling economic forces hit tech start-ups.

#computers-and-the-internet, #entrepreneurship, #initial-public-offerings, #interest-rates, #layoffs-and-job-reductions, #start-ups, #stocks-and-bonds, #venture-capital

BuzzFeed I.P.O. Illegally Shortchanged Employees, Dozens Claim

The group is asking for compensatory damages estimated at more than $4.6 million.

#890-fifth-avenue-partners-inc, #arbitration-conciliation-and-mediation, #buzzfeed-inc, #continental-stock-transfertrust-co, #initial-public-offerings, #news-and-news-media, #peretti-jonah-h, #special-purpose-acquisition-companies-spac, #stocks-and-bonds

SoftBank’s Woes Are Mounting

Plunging profit, wobbly shares and a key executive’s departure after a bitter pay dispute beget the question: Will SoftBank rein in its freewheeling ways?

#arm-holdings-plc, #claure-marcelo, #executive-compensation, #initial-public-offerings, #mergers-acquisitions-and-divestitures, #nvidia-corporation, #softbank-corporation, #son-masayoshi

Rivian Loses Its Shine as Investors Fret About Production Delays

The electric vehicle maker’s stock surged after a public offering last fall but has since plunged, in part because the company failed to meet its 2021 goals.

#amazon-com-inc, #appointments-and-executive-changes, #automobiles, #discrimination, #electric-and-hybrid-vehicles, #factories-and-manufacturing, #ford-motor-co, #general-motors, #georgia, #initial-public-offerings, #normal-ill, #production, #rivian-automotive-llc, #scaringe-r-j, #sports-utility-vehicles-and-light-trucks, #stocks-and-bonds, #supply-chain, #tesla-motors-inc, #vans

Trump Deal Faced Widespread Investor Doubt Before Raising $1 Billion

More than a dozen big Wall Street money managers said no to Trump Media, but the Pentwater and Sabby hedge funds are among those that have committed millions.

#digital-world-acquisition-corp, #hedge-funds, #initial-public-offerings, #nunes-devin-g, #presidential-election-of-2024, #social-media, #special-purpose-acquisition-companies-spac, #trump-mediatechnology-group, #trump-donald-j, #united-states-politics-and-government

Tech Start-Ups Reach a New Peak of Froth

There’s more money and more bubbly behavior. Investors insist it’s rational.

#computers-and-the-internet, #coronavirus-2019-ncov, #entrepreneurship, #initial-public-offerings, #silicon-valley-calif, #start-ups, #venture-capital

Hagerty Goes Public to Pursue a Simple Mission: Save Driving

The Hagerty brand insures collectible autos — two million of them — and its articles and videos draw crowds. After going public, it has bigger plans.

#antique-and-classic-cars, #automobile-insurance-and-liability, #collectors-and-collections, #hagerty-classic-insurance, #hagerty-mckeel, #initial-public-offerings, #stocks-and-bonds

Reddit I.P.O. Is a Step Closer After Confidential Filing to Go Public

The company announced it had confidentially filed paperwork for an I.P.O., but without disclosing financial details.

#huffman-steve-1983, #initial-public-offerings, #reddit-inc, #stocks-and-bonds

Before Trump’s SPAC Deal, a Strange Surge in Trading

Trading in the merger partner’s warrants, which allow holders to buy shares later, spiked several times before the Trump Media agreement was made public.

#digital-world-acquisition-corp, #initial-public-offerings, #mergers-acquisitions-and-divestitures, #securities-and-commodities-violations, #special-purpose-acquisition-companies-spac, #trump-mediatechnology-group, #trump-donald-j

Didi of China Moves to Delist From New York Stock Exchange

The ride-hailing giant made an abrupt shift as officials in Washington and Beijing have grown increasingly skeptical of Chinese corporate access to Wall Street’s money.

#car-services-and-livery-cabs, #china, #didi-chuxing, #economic-conditions-and-trends, #initial-public-offerings, #politics-and-government, #regulation-and-deregulation-of-industry, #stocks-and-bonds, #united-states-international-relations

Rivian, the Electric-Truck Maker, Closes with a Big Gain After Its I.P.O.

The electric-vehicle maker, backed by Amazon and Ford, ended its first day of trading valued at $86 billion, though its deliveries so far total 156.

#automobiles, #electric-and-hybrid-vehicles, #initial-public-offerings, #rivian-automotive-llc, #scaringe-r-j, #sports-utility-vehicles-and-light-trucks, #stocks-and-bonds

Rivian prices its I.P.O., valuing the electric-vehicle maker at nearly $70 billion.

The company, backed by Amazon and Ford, has delivered only 156 trucks so far, but its market worth approaches that of Ford.

#automobiles, #electric-and-hybrid-vehicles, #initial-public-offerings, #rivian-automotive-llc, #scaringe-r-j, #stocks-and-bonds

Trump’s $300 Million SPAC Deal May Have Skirted Securities Laws

The former president began discussing a deal with a ‘blank check’ company early this year. Investors weren’t told.

#initial-public-offerings, #media, #mergers-acquisitions-and-divestitures, #securities-and-commodities-violations, #special-purpose-acquisition-companies-spac, #trump-donald-j

WeWork Goes Public Two Years After Aborted I.P.O.

The co-working operation is being absorbed into a special-purpose acquisition company. It must contend with new dynamics in commercial real estate.

#co-working, #initial-public-offerings, #landlords, #mathrani-sandeep, #mergers-acquisitions-and-divestitures, #neumann-adam, #real-estate-commercial, #renting-and-leasing-real-estate, #softbank-corporation, #son-masayoshi, #stocks-and-bonds, #wework-companies-inc

Brazen Is the Order of the Day at Facebook

But how long can we wait for action against the social media company?

#computer-network-outages, #facebook-inc, #haugen-frances, #initial-public-offerings, #internal-sub-only, #netflix-inc, #rent-the-runway, #whistle-blowers, #zuckerberg-mark-e

Rivian, an Electric Vehicle Start-Up, Reveals Large Losses in its I.P.O. Filing

The company, which is backed by Amazon and Ford, is seeking to sell shares in one of the biggest initial public offerings of the year.

#amazon-com-inc, #automobiles, #electric-and-hybrid-vehicles, #ford-motor-co, #initial-public-offerings, #musk-elon, #normal-ill, #rivian-automotive-llc, #scaringe-r-j, #sports-utility-vehicles-and-light-trucks, #stocks-and-bonds, #tesla-motors-inc

Lordstown Motors Will Work With Foxconn, a Contract Manufacturer

The deal could result in the sale of the struggling automaker’s Ohio factory to Foxconn. Lordstown is under federal investigation and needs more cash to mass-produce an electric pickup truck.

#automobiles, #burns-steve-automotive-executive, #diamondpeak-holdings, #electric-and-hybrid-vehicles, #factories-and-manufacturing, #foxconn-technology, #hamamoto-david-t, #initial-public-offerings, #lordstown-ohio, #lordstown-motors-corp, #mergers-acquisitions-and-divestitures, #production, #sports-utility-vehicles-and-light-trucks, #stocks-and-bonds

SPACs Went Up, Then Down, but They’re Not Out

New regulatory scrutiny and high-profile blowups have revived longstanding concerns about the public shell companies. But many backers seem undaunted.

#initial-public-offerings, #mergers-acquisitions-and-divestitures, #saturdaynewsletter, #securities-and-exchange-commission, #stocks-and-bonds

The World’s Biggest Crypto Exchange Still Lacks U.S. Footing

The founder of Binance, Changpeng Zhao, needs investors for the company’s U.S. unit after a recent venture capital deal fell through — a setback that cost him a C.E.O.

#binance, #brooks-brian-p, #california, #coinbase-inc, #gensler-gary-s, #initial-public-offerings, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #united-states, #venture-capital, #virtual-currency, #zhao-changpeng

BuzzFeed Is Going Public. Now What for Vox Media, Group Nine and Vice?

The digital media companies that once seemed to have a lock on the future are making plans to get bigger and pay back their investors.

#buzzfeed-inc, #computers-and-the-internet, #group-nine-media-inc, #initial-public-offerings, #mergers-acquisitions-and-divestitures, #news-and-news-media, #special-purpose-acquisition-companies-spac, #vice-media-inc, #vox-media-inc

Bill Ackman’s SPAC Abandons Its Deal for Universal Music

Regulatory pressure forced his special purpose acquisition company to abandon a proposed investment in Universal Music Group.

#ackman-william-a, #ermenegildo-zegna-holditalia-spa, #facebook-inc, #initial-public-offerings, #mergers-acquisitions-and-divestitures, #universal-music-group, #vaccination-and-immunization, #wework-companies-inc

Soho House Is Going Public, With Questions About Its Business

Soho House will begin trading. All eyes are on whether stock market investors will sign up.

#bank-of-america-corporation, #banking-and-financial-institutions, #citigroup-inc, #initial-public-offerings, #jpmorgan-chasecompany, #labor-and-jobs, #membership-collective-group, #soho-house-manhattan-ny

Behind the Lordstown Debacle, the Hand of a Wall Street Dealmaker

A longtime real estate investor and former Goldman Sachs executive decided to take an electric truck company public. Chaos ensued.

#automobiles, #banking-and-financial-institutions, #blackrock-inc, #cleveland-ohio, #detroit-mich, #diamondpeak-holdings, #electric-and-hybrid-vehicles, #general-motors, #goldman-sachs-group-inc, #initial-public-offerings, #lordstown-ohio, #lordstown-motors-corp, #mckinseyco, #mergers-acquisitions-and-divestitures, #ohio, #slovenia, #special-purpose-acquisition-companies-spac, #stocks-and-bonds, #suits-and-litigation-civil, #workhorse-group-inc

Sun Valley’s Mogul Conference Is Back In Session

Top officials from business, government and more have returned to Allen & Company’s annual gathering of power brokers.

#antitrust-laws-and-competition-issues, #aon-corp, #didi-chuxing, #glossier, #initial-public-offerings, #venture-capital, #willis-towers-watson-plc

China’s Crackdown on Didi Is a Reminder That Beijing Is in Charge

After targeting the ride-hailing platform days after its I.P.O., regulators on Monday moved against more companies that had recently been listed on Wall Street.

#beijing-china, #china, #data-mining-and-database-marketing, #didi-chuxing, #initial-public-offerings, #mobile-applications

The Mystery of the $113 Millıon Deli

It made headlines around the world: a New Jersey sandwich shop with a soaring stock price. Was it just speculation, or something stranger?

#initial-public-offerings, #mergers-acquisitions-and-divestitures, #stocks-and-bonds

Oatly, a Maker of Oat Milk, Is About to Have Its IPO

Oatly, maker of dairy alternatives, could be worth $10 billion when it lists on the stock market this week. The share sale is a barometer of changing consumer preferences.

#blackstone-group-the, #china-resources-holdings, #dairy-products, #initial-public-offerings, #milk, #nestle-sa, #oatly-inc, #peas, #private-equity, #schwarzman-stephen-a, #sweden, #veganism

California Is Awash in Cash, Thanks to a Booming Market

In a single year, the state’s financial outlook has gone from surplus to deficit to surplus as capital gains tax collections have risen amid a soaring stock market and I.P.O. boom.

#apple-inc, #brown-edmund-g-jr, #budgets-and-budgeting, #california, #capital-gains-tax, #coronavirus-2019-ncov, #cupertino-calif, #economic-conditions-and-trends, #executive-compensation, #income-tax, #initial-public-offerings, #newsom-gavin, #standardpoors-500-stock-index, #stimulus-economic, #stock-options-and-purchase-plans, #taxation

Arrival Developing Electric Vehicles Without Assembly Line

Arrival, a developer of electric vans and buses, says it has come up with a cheaper way to build vehicles in small factories. But can it deliver on that promise?

#arrival-ltd, #automobiles, #buses, #charlotte-nc, #electric-and-hybrid-vehicles, #england, #factories-and-manufacturing, #initial-public-offerings, #inventions-and-patents, #mergers-acquisitions-and-divestitures, #robots-and-robotics, #rock-hill-sc, #start-ups, #stocks-and-bonds, #united-parcel-service-inc, #vans

How Can the City of London Survive Brexit?

Other European cities are eating away at Britain’s edge in financial services. The government is trying to find ways to keep it.

#banking-and-financial-institutions, #deliveroo-roofoods-ltd, #economic-conditions-and-trends, #great-britain, #great-britain-withdrawal-from-eu-brexit, #hill-jonathan-hopkin-1960, #initial-public-offerings, #international-trade-and-world-market, #london-england, #london-stock-exchange, #special-purpose-acquisition-companies-spac, #stocks-and-bonds

Why Coinbase’s IPO Is a Cryptocurrency Coming-Out Party

With acceptance from traditional investors, a profitable start-up that eases transactions is offering proof of the industry’s staying power.

#armstrong-brian-1983, #banking-and-financial-institutions, #bitcoin-currency, #coinbase-inc, #computers-and-the-internet, #ethereum-foundation, #initial-public-offerings, #tesla-motors-inc, #tusk-bradley-1973, #venture-capital, #virtual-currency

How to Fix SPACs

The big names behind blank-check companies don’t always stick around. Could changing that protect investors?

#initial-public-offerings, #lucid-motors-inc, #mergers-acquisitions-and-divestitures, #palihapitiya-chamath, #special-purpose-acquisition-company-spac, #stocks-and-bonds, #virgin-galactic

The Start-Up Enemies of Wall Street Are Booming

Times are flush for young tech companies like Stripe and Coinbase, which are having a moment as they upend the financial establishment.

#affirm-inc, #banking-and-financial-institutions, #brex-inc, #coinbase-inc, #computers-and-the-internet, #coronavirus-2019-ncov, #e-commerce, #initial-public-offerings, #mobile-applications, #mobile-commerce-and-payments, #robinhood-financial-llc, #start-ups, #stripe-inc, #venture-capital

WeWork Will Go Public in a Merger With a SPAC

The money-losing office space firm plans to merge with a blank-check company backed by big Wall Street investors.

#blackrock-inc, #co-working, #initial-public-offerings, #mergers-acquisitions-and-divestitures, #neumann-adam, #ranadive-vivek, #real-estate-commercial, #softbank-corporation, #son-masayoshi, #starwood-capital-group, #stocks-and-bonds, #wework-companies-inc

Discord, a Chat App for Gamers, Said to Have Discussed Deal With Microsoft

An acquisition of Discord, which could top $10 billion, would buttress Microsoft’s gaming business, as video gaming has boomed in the pandemic.

#computer-and-video-games, #computers-and-the-internet, #discord-inc, #initial-public-offerings, #mergers-acquisitions-and-divestitures, #microsoft-corp, #social-media, #software, #start-ups, #video-recordings-downloads-and-streaming, #xbox-video-game-system

‘The Market Seems Crazy’: Start-Ups Wrestle With Flood of Offers

As a deal frenzy mounts, propelled by financial vehicles known as SPACs, start-ups have become the prey.

#celebrities, #computers-and-the-internet, #delphix, #entrepreneurship, #expensify-inc, #initial-public-offerings, #mergers-acquisitions-and-divestitures, #securities-and-exchange-commission, #start-ups, #stocks-and-bonds, #venture-capital

Coupang, South Korea’s Answer to Amazon, Debuts in I.P.O.

Coupang, a start-up founded by a Harvard Business School dropout, helped transform e-commerce in South Korea, one of the world’s fastest-growing markets for online shopping.

#amazon-com-inc, #coupang, #delivery-services, #e-commerce, #initial-public-offerings, #labor-and-jobs, #naver-com, #shopping-and-retail, #south-korea, #start-ups, #stocks-and-bonds, #workplace-hazards-and-violations

Roblox Soars 43% on First Day of Trading as Gaming Booms

The gaming site, a tween favorite, began trading at $64.50 a share, up from its reference price of $45. The opening trade values it at nearly $42 billion.

#computer-and-video-games, #computers-and-the-internet, #coronavirus-2019-ncov, #initial-public-offerings, #quarantine-life-and-culture, #roblox-video-game, #start-ups, #stocks-and-bonds

How Do Silicon Valley Techies Celebrate Getting Rich in a Pandemic?

Not by buying airplanes. Instead, the newest start-up millionaires are proceeding cautiously.

#airbnb, #high-net-worth-individuals, #initial-public-offerings, #quarantine-life-and-culture, #silicon-valley-calif, #start-ups

Anyone Who’s Anyone Has a SPAC Right Now

A once obscure financial maneuver becomes a celebrity flex.

#celebrities, #initial-public-offerings, #mergers-acquisitions-and-divestitures

WeWork’s Path to Markets Is Cleared as Co-Founder and SoftBank Settle Suit

Adam Neumann was said to be selling $480 million of his shares to the Japanese conglomerate, which aims to take WeWork public.

#co-working, #initial-public-offerings, #neumann-adam, #softbank-corporation, #stocks-and-bonds, #suits-and-litigation-civil, #wework-companies-inc

Adam Neumann of WeWork and SoftBank Are in Settlement Talks

A legal dispute has been a key hurdle to taking WeWork public.

#co-working, #initial-public-offerings, #mergers-acquisitions-and-divestitures, #neumann-adam, #softbank-corporation, #wework-companies-inc

Why SPACs Could Leave Investors in the Cold

Known as SPACs, these shell companies allow businesses to sell shares to the public with different disclosure than usual. What could go wrong?

#ackman-william-a, #banking-and-financial-institutions, #initial-public-offerings, #mergers-acquisitions-and-divestitures, #spac-special-purpose-acquisition-company, #stocks-and-bonds, #venture-capital

Robinhood, in Need of Cash, Raises $1 Billion From Its Investors

The no-fee trading app, which is popular with young investors, has been strained by the high volume of trading this week in stocks such as GameStop.

#computers-and-the-internet, #hedge-funds, #initial-public-offerings, #mobile-applications, #robinhood-financial-llc, #start-ups, #stocks-and-bonds, #venture-capital

Market Edges Toward Euphoria, Despite Pandemic’s Toll

Investors of all stripes piled into stocks this year, creating levels of froth reminiscent of the dot-com boom. Analysts say there’s room to go higher, but some worry about a bubble.

#airbnb, #coronavirus-2019-ncov, #doordash-mobile-app, #etsy-inc, #federal-reserve-system, #initial-public-offerings, #palantir-technologies, #robinhood-financial-llc, #standardpoors-500-stock-index, #stimulus-economic, #stocks-and-bonds

Coinbase’s I.P.O. Has Big Potential, and Big Risks

The cryptocurrency giant’s initial public offering holds big potential — and significant risks.

#coinbase-inc, #engie-sa, #initial-public-offerings, #mergers-acquisitions-and-divestitures, #private-equity, #special-purpose-acquisition-vehicles-spacs, #tpg-capital, #venture-capital

Airbnb Tops $100 Billion on First Day of Trading, Reviving Talk of a Bubble

The home-rental company’s blockbuster I.P.O. followed that of the delivery company DoorDash. Investors piled into both.

#airbnb, #computers-and-the-internet, #coronavirus-2019-ncov, #hotels-and-travel-lodgings, #initial-public-offerings, #layoffs-and-job-reductions, #renting-and-leasing-real-estate, #start-ups, #travel-and-vacations, #venture-capital

Why the F.T.C. and States Want to Break Up Facebook

The F.T.C. and more than 40 states seek to break up the tech giant.

#antitrust-laws-and-competition-issues, #boies-schillerflexner, #boies-david, #conway-ron, #facebook-inc, #initial-public-offerings, #instagram-inc, #mergers-acquisitions-and-divestitures, #sequoia-capital, #social-media, #softbank-corporation, #whatsapp-inc