Flipkart, PhonePe IPO May Take Couple of Years, Says Walmart Executive

Flipkart, PhonePe IPO May Take Couple of Years, Says Walmart Executive

ByNews Polite

Initial public offerings of Walmart’s Flipkart marketplace and PhonePe digital payments platform could take a couple of years, a Walmart executive said. “This is something we’re looking at over the next couple of years,” Walmart’s executive vice president for corporate affairs, Dan Bartlett, said on the sidelines of the company’s…

Arm Plans to Charge Device Makers for Chips Based on Device Value in Bid to Boost Revenue: Report

Arm Plans to Charge Device Makers for Chips Based on Device Value in Bid to Boost Revenue: Report

ByNews Polite

Arm, owned by Japan’s SoftBank Group, is seeking to raise prices for its chip designs, as it aims to boost revenue ahead of an initial public offering in New York, the Financial Times reported on Thursday. The British chip designer recently notified several of its customers of a “significant shift”…

Argo Blockchain Accused of Misleading IPO Investors, Served with Lawsuit

Argo Blockchain Accused of Misleading IPO Investors, Served with Lawsuit

ByNews Polite

Argo, the debt-ridden blockchain has been struck with a class action lawsuit for allegedly misleading investors during its initial public offering (IPO) in 2021. The lawsuit comes in the backdrop of Argo blockchain’s share price having tumbled down by 98 percent in recent days. At the time of the IPO,…

Intel’s Mobileye IPO Not Capital Raise but Market Entry for Self-Driving Tech Firm, CEO Pat Gelsinger Says

Intel’s Mobileye IPO Not Capital Raise but Market Entry for Self-Driving Tech Firm, CEO Pat Gelsinger Says

ByNews Polite

Intel’s Chief Executive Pat Gelsinger on Monday said the initial public offering of its self-driving tech company Mobileye was not a capital raise, but more of an entry into the market. “It is a move to potentially move them into the market. It’s not a capital raise,” said Gelsinger at…