Wiz Appoints New CFO to Steer Towards IPO
Fazal Merchant, new CFO of cybersecurity unicorn Wiz, started his role this month after a year-long search, bringing 30 years of corporate finance experience from companies such as DreamWorks and Direct TV; he aims to prepare Wiz for an IPO within a year.
Wiz Appoints New CFO to Steer Towards IPO
Fazal Merchant, new CFO of cybersecurity unicorn Wiz, started his role this month after a year-long search, bringing 30 years of corporate finance experience from companies such as DreamWorks and Direct TV; he aims to prepare Wiz for an IPO within a year.
Progress
40% Bias Score
S&P 500 Hits Record High Amid Mixed Stock Performances
The S&P 500 closed at a record high above 6100, driven by strong performances in industrial and financial sectors, while Electronic Arts plunged 17% due to weak demand; American Express reports earnings Friday.
S&P 500 Hits Record High Amid Mixed Stock Performances
The S&P 500 closed at a record high above 6100, driven by strong performances in industrial and financial sectors, while Electronic Arts plunged 17% due to weak demand; American Express reports earnings Friday.
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40% Bias Score
Smithfield Foods Targets $10.73 Billion Valuation in Landmark IPO
Smithfield Foods, the largest U.S. pork processor, is targeting a $10.73 billion valuation in its New York IPO, its largest since 2021, raising up to $939.6 million by offering 17.4 million shares priced between $23 and $27; the company plans to reduce pig production by 21% in 2024 compared to this ...
Smithfield Foods Targets $10.73 Billion Valuation in Landmark IPO
Smithfield Foods, the largest U.S. pork processor, is targeting a $10.73 billion valuation in its New York IPO, its largest since 2021, raising up to $939.6 million by offering 17.4 million shares priced between $23 and $27; the company plans to reduce pig production by 21% in 2024 compared to this ...
Progress
40% Bias Score
Wall Street Banks Smash Records Amidst Merger and Acquisition Boom
American investment banks like JPMorgan Chase and Goldman Sachs reported record profits in the fourth quarter of 2024, exceeding expectations due to increased trading activity, a rise in investment banking deals, and the anticipation of a surge in mergers and acquisitions fueled by a more favorable ...
Wall Street Banks Smash Records Amidst Merger and Acquisition Boom
American investment banks like JPMorgan Chase and Goldman Sachs reported record profits in the fourth quarter of 2024, exceeding expectations due to increased trading activity, a rise in investment banking deals, and the anticipation of a surge in mergers and acquisitions fueled by a more favorable ...
Progress
56% Bias Score
Wiz Appoints New President, CFO to Prepare for IPO
Israeli cloud security firm Wiz appointed Fazal Merchant as president and CFO to spearhead its upcoming U.S. initial public offering (IPO) in roughly one year, following its rejection of a $23 billion acquisition offer from Google last July; the company currently has $500 million in annual revenue a...
Wiz Appoints New President, CFO to Prepare for IPO
Israeli cloud security firm Wiz appointed Fazal Merchant as president and CFO to spearhead its upcoming U.S. initial public offering (IPO) in roughly one year, following its rejection of a $23 billion acquisition offer from Google last July; the company currently has $500 million in annual revenue a...
Progress
48% Bias Score
Turo Faces Scrutiny After Vehicles Used in Deadly Attacks
Two deadly attacks this week involved vehicles rented via the peer-to-peer car-sharing platform Turo, raising concerns about its liability and the potential impact on its planned IPO; Turo stated it is cooperating with law enforcement, but the incidents highlight the platform's safety vulnerabilitie...
Turo Faces Scrutiny After Vehicles Used in Deadly Attacks
Two deadly attacks this week involved vehicles rented via the peer-to-peer car-sharing platform Turo, raising concerns about its liability and the potential impact on its planned IPO; Turo stated it is cooperating with law enforcement, but the incidents highlight the platform's safety vulnerabilitie...
Progress
36% Bias Score
Venture Global IPO Downsized Amidst Cautious Investor Sentiment
Venture Global's initial public offering (IPO) was significantly downsized, reducing its fundraising target from $2.15 billion to $1.75 billion and its market capitalization from $110 billion to $60 billion due to investor pushback against its initial high valuation, highlighting a cautious IPO mark...
Venture Global IPO Downsized Amidst Cautious Investor Sentiment
Venture Global's initial public offering (IPO) was significantly downsized, reducing its fundraising target from $2.15 billion to $1.75 billion and its market capitalization from $110 billion to $60 billion due to investor pushback against its initial high valuation, highlighting a cautious IPO mark...
Progress
48% Bias Score
Venture Global's Subdued IPO Debut at $58.2 Billion Valuation
Venture Global's $58.2 billion IPO debuted nearly 4 percent below its $25 IPO price on Friday, raising $1.75 billion from the sale of 70 million shares—significantly less than its initial $2.3 billion target due to investor concerns over long-term profit estimates and legal battles.
Venture Global's Subdued IPO Debut at $58.2 Billion Valuation
Venture Global's $58.2 billion IPO debuted nearly 4 percent below its $25 IPO price on Friday, raising $1.75 billion from the sale of 70 million shares—significantly less than its initial $2.3 billion target due to investor concerns over long-term profit estimates and legal battles.
Progress
36% Bias Score
eToro Files for $5 Billion US IPO
Israeli online trading platform eToro confidentially filed for a $5 billion US IPO with the SEC, aiming for a second-quarter 2025 launch led by Goldman Sachs, Jefferies, and UBS, following a previous failed attempt and recent regulatory challenges.
eToro Files for $5 Billion US IPO
Israeli online trading platform eToro confidentially filed for a $5 billion US IPO with the SEC, aiming for a second-quarter 2025 launch led by Goldman Sachs, Jefferies, and UBS, following a previous failed attempt and recent regulatory challenges.
Progress
40% Bias Score
Bloks Group IPO Makes Founder Billionaire Despite Unprofitability
Bloks Group, a Chinese toy company making Lego-like blocks and Ultraman figurines, saw its Hong Kong IPO 6,000 times oversubscribed, raising $215 million and making its founder Zhu Weisong a billionaire, but the company remains unprofitable.
Bloks Group IPO Makes Founder Billionaire Despite Unprofitability
Bloks Group, a Chinese toy company making Lego-like blocks and Ultraman figurines, saw its Hong Kong IPO 6,000 times oversubscribed, raising $215 million and making its founder Zhu Weisong a billionaire, but the company remains unprofitable.
Progress
56% Bias Score
Aspen Insurance to List on NYSE, Exiting London Stock Exchange
Aspen Insurance, a Lloyd's of London underwriter, plans a £3bn (€3.61bn) listing on the New York Stock Exchange, citing differences in US and UK accounting practices as the primary reason, impacting the London Stock Exchange amid declining listings and stricter UK regulations.
Aspen Insurance to List on NYSE, Exiting London Stock Exchange
Aspen Insurance, a Lloyd's of London underwriter, plans a £3bn (€3.61bn) listing on the New York Stock Exchange, citing differences in US and UK accounting practices as the primary reason, impacting the London Stock Exchange amid declining listings and stricter UK regulations.
Progress
52% Bias Score
EG Group Plans $14.3 Billion US IPO
EG Group, founded by the Issa brothers and partnered with TDR Capital, plans a $14.3 billion (£11.4 billion) initial public offering (IPO) in the U.S. in 2025, representing its largest market with nearly 1,500 convenience stores across 30 states, highlighting the London Stock Exchange's struggles to...
EG Group Plans $14.3 Billion US IPO
EG Group, founded by the Issa brothers and partnered with TDR Capital, plans a $14.3 billion (£11.4 billion) initial public offering (IPO) in the U.S. in 2025, representing its largest market with nearly 1,500 convenience stores across 30 states, highlighting the London Stock Exchange's struggles to...
Progress
48% Bias Score