Xpeng Motors Technology is headquartered in Guangzhou, China Giulia Marchi | Bloomberg | Getty Images Chinese electric car maker Xpeng has increased the size of its U.S. public offering to about $ 1.49 billion, two sources with direct knowledge of the matter. The company will price its shares at $ …
Read More »
Airbnb has made it official. The company announced this week that it has submitted to go public after submitting a draft registration to the Securities and Exchange Commission. This comes as travel book shares Expedia and Booking Holdings have shown signs of life. Booking has bound 60% and Expedia 118% …
Read More »
Short-term rental company Airbnb on Wednesday filed a confidential bid for an initiative public offering at the Securities and Exchange Commission, setting the stage for one of the marquee stock market debuts of the year. The number of shares to be offered and the price range for the IPO have …
Read More »
Acquisition of special purpose, as company “blank check”, Hennessy Capital Acquisition Corp. HCAC, -80% has jumped on the bandwagon of electric cars as it announced a reverse merger with EV maker Canoo Holdings Ltd. The deal will provide $ 600 million in gross revenue to Canoo, which will be used …
Read More »
Canoo CEO Ulrich Kranz likes to call his first model of the EV subscription a ‘spaceship’ rather than an ‘air on wheels’. Soon he expects to need the money to build Canoo’s initial model, which looks like a cross between a van and a shuttle bus. “This is going to …
Read More »