valuations
BusinessShein Weighs Sale of Less Than 10% of Company in London Ipo, Sources Say
TradingLaggard European Markets May Be 2025’s Top Recovery Trade
BusinessExclusive-Slim Jim Maker Conagra Exploring Sale of Chef Boyardee, Sources Say
BusinessAirBaltic Stalls IPO Until at Least the First Half of 2025
Exclusive-Kioxia Sets IPO Price Range of 1,390-1,520 Yen per Share, Sources Say
Date: December 2, 2024
By Miho Uranaka and Sam Nussey TOKYO (Reuters) -Bain Capital-backed chipmaker Kioxia has set a tentative price range of 1,390 to 1,520 yen ($9.22 to $10.09) per share for its initial public offering, two people familiar with the matter said. They spoke on condition of anonymity ahead of Kioxia’s regulatory filing expected on Monday. The...
Grifols Shares Tumble as Brookfield Plans to Drop Takeover Plan
Date: November 27, 2024
MADRID (Reuters) -Canadian fund Brookfield is planning to drop its plan to take over Spain’s Grifols, two sources close to the matter said on Wednesday, sending shares in the pharmaceutical firm down 10%. Grifols shares were down 10% in early morning trading, having fallen as low as 12% while the blue-chip index IBEX 35 was...
French genAI Startup LightOn Rises on Market Debut
Date: November 26, 2024
(Reuters) – Shares of LightOn, Europe’s first listed genAI startup, rose as much as 9% on their debut on the Euronext Growth market in Paris on Tuesday. The stock was trading at 10.79 euros per share by 0841 GMT, 4.2% higher than the 10.35 euros it was valued at during its initial public offering last...
Vivendi Sees Steady Growth for Havas, Canal+ Ahead of Spin-Offs
Date: November 18, 2024
By Alban Kacher, Leo Marchandon and Gianluca Lo Nostro (Reuters) -Vivendi on Monday projected moderate earnings growth for Canal+ and Havas, set to be spun off as part of the French media conglomerate’s proposed break-up, ahead of their investor day events. The group led by tycoon Vincent Bollor plans to list Canal+ in London while...
TikTok Parent ByteDance’s Valuation Hits $300 Billion, Sources Say
Date: November 17, 2024
By Echo Wang and Chandni Shah (Reuters) -TikTok’s parent company ByteDance is valuing itself at about $300 billion, after it recently approached investors about a share buyback program, according to two people familiar with the matter and a document viewed by Reuters. ByteDance reached out to investors in recent weeks, offering a price of $180.70...
Italy’s Moltiply Sole Suitor for ProSieben’s E-Unit Verivox, Sources Say
Date: November 16, 2024
By Elvira Pollina and Amy-Jo Crowley MILAN (Reuters) – Italy’s Moltiply Group has emerged as the only bidder for German media group ProSiebenSat.1’s price comparison portal Verivox, two sources close to the matter said. Verivox’s sale process is being closely followed by the top two investors in ProSieben: MFE-MediaForEurope, the TV group controlled by Italy’s...