WeWork's quarterly loss doubled to $1.8 billion as IPO faltered

WeWork's quarterly loss doubled to $1.8 billion as IPO faltered

WeWork's staggering loss eclipsed its sales as the company embarked on a spending spree in anticipation of the initial public offering,which then imploded.

  • byEllen Huet andHerbert Lash

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Saudi Aramco's 600-page prospectus leaves out key details on world's biggest IPO

Saudi Aramco's 600-page prospectus leaves out key details on world's biggest IPO

The more than 600-page prospectus published did not include details of how much of the company would be floated in total or of any commitments from cornerstone investors.

  • bySaeed Azhar,Hadeel Al Sayegh,Aziz El Yaakoubi andMaher Chmaytelli
Saudi prince turns to rich families to invest in world's biggest IPO

Saudi prince turns to rich families to invest in world's biggest IPO

Saudi Arabia is turning to local billionaires,some of whom had family members detained in a 2017 corruption crackdown,as it seeks to shore up demand for the record-breaking share sale.

  • byMatthew Martin andDinesh Nair
Airbnb to verify all seven million of its properties to improve trust

Airbnb to verify all seven million of its properties to improve trust

The company will spend the next year verifying every single one of its properties around the world.

  • byDee-Ann Durbin
Saudi oil giant to become the world's most valuable company - but questions remain

Saudi oil giant to become the world's most valuable company - but questions remain

Move over Apple and Microsoft,there will soon be a new world's most valuable company. But exactly what it is worth is up for debate.

  • byStephen Bartholomeusz
The world's most profitable company finally announces IPO,but $2.9 trillion dreams are dashed

The world's most profitable company finally announces IPO,but $2.9 trillion dreams are dashed

Saudi Arabia's giant state oil company has officially launched what could be the world's biggest-ever listing,but is being tight-lipped with details.

  • byRania El Gamal andMarwa Rashad
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Saudi prince gives world's biggest IPO the green light:sources

Saudi prince gives world's biggest IPO the green light:sources

Saudi Aramco officials and advisers are holding last-minute meetings with investors in an attempt to achieve as close to a $US2 trillion valuation,say insiders.

  • byRania El Gamal andSaeed Azhar
The world's most valuable startup wary as trade war,increased scrutiny put pressure on

The world's most valuable startup wary as trade war,increased scrutiny put pressure on

ByteDance - whose TikTok is the venue of choice for half a billion lip-syncing,dancing music video aficionados - is unlikely to rush into an IPO in the middle of a bitter trade war and rising scrutiny from Washington.

  • byLulu Yilun Chen,Zheping Huang andManuel Baigorri
The shrinking oil giant:World's biggest IPO set to be smaller than promised

The shrinking oil giant:World's biggest IPO set to be smaller than promised

When Mohammed bin Salman announced in 2016 that he would list one of Saudi Arabia's crown jewels on the stock market,he set some audacious goals.

  • byMichael J. de la Merced andStanley Reed
The IPO market isn't dead. But buyers want quality,not lemons
Opinion
Opinion

The IPO market isn't dead. But buyers want quality,not lemons

The fact of the matter is that we haven’t seen a good sharemarket float for a while,fund managers say.

  • byElizabeth Knight
IPO failures may signal the bull market in shares still has legs

IPO failures may signal the bull market in shares still has legs

A lack of excessive risk-taking by investors is one reason why Citi believes the bull market in global shares has further to run yet.

  • byDavid Scutt