Reddit (RDDT) is set to go public soon and is as of now, one of the most highly anticipated initial public offerings (IPOs) of 2024. The social media company, led by CEO Steve Huffman, is seeking a $6.5 billion valuation and is aiming to raise up to $748 million in the company’s public offering. Planned … Read more
AirAsia airplanes are pictured on the tarmac at Kuala Lumpur International Airport in Sepang on January 8, 2024. Malaysian conglomerate Capital A intends to sell its budget carrier business to medium- to long-haul affiliate AirAsia X in a major consolidation of the country’s airline industry. Arif Kartono | Afp | Getty Images AirAsia is set … Read more
Chinese-founded online retail giant Shein is not positioning itself as an Amazon “clone,” the company told CNBC, ahead of its hotly anticipated U.S. public listing later this year. The e-commerce company’s product categories are likely to “grow over time,” as the business entrenches itself deeper into the U.S., Peter Pernot-Day, head of strategic communications, U.K. … Read more
The Khao Klang Nok monument in Si Thep, an ancient town 150 miles north of Bangkok, has survived more than a thousand years as kingdoms and empires rose and fell around it. But in just the week since the terraced temple and its surrounding area was named a World Heritage Site by the United Nations … Read more
Two senior executives at Oyo have left the budget-hospitality startup, mere months earlier than the corporate plans to record. Ankit Gupta, who joined the unicorn startup in 2019 and served as its India chief government, and Mandar Vaidya, who led the startup’s European enterprise, have left the agency. In an announcement, an Oyo spokesperson mentioned … Read more
Arm, the U.Ok.-based chipmaker owned by Japan’s SoftBank since 2016, has filed for a Nasdaq itemizing beneath the ticker image “ARM,” 5 months after saying it had filed confidential, preliminary IPO paperwork with U.S. regulators. The outfit didn’t present a projected share worth in its F-1 paperwork, however SoftBank just lately purchased the 24.99% stake … Read more