IPOs & Markets
The company lost more than $900 million in the first half of 2019, up 25% from a year earlier, even as its revenue doubled to $1.54 billion.
The Asian unicorns Palm Drive has backed include HK fintech Welab and Beijing’s Bitmain.
The San Francisco-based company has put a pause on hiring new software engineers and product managers.
WeWork is looking to raise more than $3.5 billion, which would make it the second-largest U.S. IPO this year.
Since announcing a $5 billion Innovation Fund focused on Latin America in March, SoftBank has widely scouted Mexican startups.
Securing a credit line from Wall Street often precedes an IPO.
The total net asset value of the acquired assets stood at around $889 million as of March 2019.
And, challenger banks reckon that fintech can help them shake the dominance of entrenched rivals.
The billion-dollar mark makes it one of the largest impact pools, as private equity firms look to play a bigger role in the fast-growing socially resp
Adjusted revenue in the second quarter increased 12% from a year earlier, the slowest rate in the company’s history.
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