Uber's full-year loss narrowed, thanks to sales of two of its businesses.
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Foreign IPO tide flows back into Hong KongGlobal Switch and Home Credit are eyeing $1 bln floats in a city which has struggled to attract interest offshore. AB InBev might list its Asia operations too. Rule changes letting the benchmark index include overseas-based firms are one incentive. A thin China pipeline is another.
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Lyft founders plan to control company through supervoting shares ahead of IPOThe founders of Lyft Inc. are preparing to take near-majority voting control of the ride-hailing company when it goes public this year, despite together owning a stake of less than 10%, making them the latest Silicon Valley entrepreneurs to secure outsize influence over a hot startup as it enters the public markets.
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Levi Strauss Wants To Stretch Its Pockets With Second Go At IPOThe denim company, which patented bluejeans in 1873, is planning to go public in one of the most high-profile IPOs of the year. Still controlled by Strauss descendants, it has been private since 1985.
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Lyft Founders to Tighten Grip With Supervoting Shares in IPOJohn Zimmer and Logan Green are preparing to take near-majority voting control of the ride-hailing company when it goes public this year, despite together owning a stake of less than 10%.
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