Elon Musk, speaking at the Satellite 2020 conference in Washington DC, said plainly that he was thinking “zero” about an IPO for his 12,000 mega-satellite Starlink satellite project, and that “We need to make the thing work”. Musk, candidly, seemed a little tired on stage and the event started much later than originally scheduled. If […]
Elon Musk’s SpaceX will reportedly spin-off its Starlink broadband-by-satellite system with an Initial Public Offering (IPO). SpaceX is currently financing the development and launch of the Starlink system and has successfully placed 240 satellites into orbit. “Right now, we are a private company, but Starlink is the right kind of business that we can go […]
French telco giant Orange is to float its extensive cellular interests in the Middle East and North Africa regions, and mount an IPO. A Bloomberg report says investment banks BNP Paribas and Morgan Stanley have been appointed to advise on a proposed IPO. Orange is considering a listing on the London exchange as well as […]
Modern Times Group (MTG) has published its Q3 2019 financial results. The company said it “continues to deliver on its strategic direction, reporting seasonally robust operational development for the quarter”. eSports accounted for 1.52 billion SEK (€140 million) of the firm’s 4.02 billion SEK net sales for the three months ended September 30th. “The third […]
So, SoftBank has ‘rescued’ WeWork in a deal that will cost it at least $10 billion and pretty much guarantee WeWork’s departed Svengali founder $1.7 billion. The rescue was from a proposed $47 billion IPO that was becoming a car crash going over a cliff. SoftBank is a major shareholder in WeWork – some reports […]
Double Negative (DNEG), the London-based visual film and TV special effects business which includes Prime Focus, is to mount an IPO which will end up with a listing on the London Stock Exchange. However, the company has a clouded past and is currently subject to HM Revenue & Customs (HMRC) allegations that it could owe […]
Streaming music service deezer is reported to be considering mounting an IPO in about 18 months’ time. The France-based service is run by Hans-Holger Albrecht and backed financially by Saudi billionaire Prince Alwaleed bin Talal. It has some 14 million monthly active users in 185 countries. Deezer had considered an IPO back in 2015 but […]
Two years ago, UK-based transmission specialist Arqiva was contemplating a £6 billion (€6.5bn) IPO, but now reports are circulating that its owners are contemplating breaking the company up into its various divisions and possible disposals. Arqiva is responsible for transmitting the UK’s terrestrial television and radio signals. Its satellite uplinking business – which has struggled […]
iflix, the Southeast Asian largest digital entertainment service, has announced the finalisation of a new round of investment to drive growth ahead of a prospective IPO. This latest round was cornerstoned by Fidelity International, a global asset manager with $379.2 billion assets under management. As part of the round, iflix also welcomes some of the […]
South Africa’s Government Employees Pension Fund (GEPF) is being advised to cut dramatically its shareholding in the nation’s biggest company, Naspers. Naspers has done well for the GEPF, but the fund is now being advised that having most of its Rand 245 billion (€15.1bn) stake in one company means that it is over-exposed. Its holding […]