Nasdaq-listed Weibo Corp's chairman and a Chinese state investor plan to take China's answer to Twitter private, sending its shares as much as 50% higher on Tuesday. EXCLUSIVE-Weibo chairman, state firm plan to take China's Twitter private – sources.With that, here are the other main highlights of our deals coverage this week: The New York-based company aims to more than double its valuation from its May private fundraising round when investors led by buyout firm Silver Lake valued it at $3.7 billion. The preparations for a stock market debut come as Noom has seen the popularity of its fitness platform soar during the COVID-19 pandemic, with consumers turning to digital health apps to keep fit and build healthy habits. weight loss app, has hired Goldman Sachs to lead its preparations for an initial public offering (IPO). Yet this has also deprived it of using its shares as a publicly traded currency to help finance acquisitions and to incentivize employees.Īnd finally, my colleague Krystal Hu and I scooped that Noom, the operator of the popular U.S. Remaining private has enabled Stripe to keep such financial details as revenue and profitability under wraps. The 11-year-old company, which was valued by investors at $95 billion in a fundraising round in March, has sat out this year's red-hot market for initial public offerings (IPOs), using private tender offers to allow some of its existing investors and employees to cash out their holdings. technology startup, has taken its first major step toward a stock market debut by hiring a law firm to help with preparations. We were also first to report that digital payments processor Stripe, the most valuable U.S. The planned order, which was signed by Biden later on Friday, is likely to chill M&A in the banking sector after a rash of deals unleashed by the Trump administration's more industry-friendly regulatory policy. ![]() It will also ask the Consumer Financial Protection Bureau (CFPB) to issue rules giving consumers full control of their financial data to make it easier for customers to switch banks, the source said. ![]() #SOURCES DIDI KEEP LINKDOC UPDATE#ĭIDI KEEP LINKDOC US IPOTIMES UPDATEĬompetition will target bank mergers by pushing the Federal Reserve and the Department of Justice to update merger guidelines and increase scrutiny of deals. My brilliant colleagues in Washington also scooped that President Joe Biden's planned executive order to promote greater U.S.
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