close

Arm valued at $65.24Bn after blockbuster IPO debut, shares soar by 25% before close

Yesterday, SoftBank’s Arm Holdings clocked a blockbuster initial public offering (IPO) – the biggest of the year – by raising nearly $5 billion and setting the tone for a strong comeback of the depressed IPO market. Now, it has made a rather explosive return to the public markets after its shares opened above the IPO … [Read more…]

WeWork reportedly close to filing bankruptcy, stock hits rock bottom

WeWork, yet another story of a startup riding high on valuation bubble only to come crashing down , is now on the precipice of filing for Chapter 11 bankruptcy in New Jersey. This stark turn of events marks a profound shift for a company that, at its zenith, commanded a valuation of $47 billion. According … [Read more…]