The investing platforms shares dropped after an SEC filing indicated that early investors in the company will sell up to about 98 million shares, currently worth around $6.3 billion, over time.
The ride-hailing giant has been in discussions about how it could resolve some of the problems that emerged after it listed on the NYSE on June 30, according to people familiar with the matter.
The popular trading app isnt the first to sell a piece of itself to its own customers. Investors who jumped on prior brokerage-firm IPOs often ended up shooting themselves in the foot.
An additional after-tax contribution to your 401(k)now allowed in the plans of many large employers can grow tax free if its moved to a Roth account.
Deal activity and public offerings in the advertising and marketing technology industry are rising as the sector gets a boost from a flush of available capital and companies looking for a share of a growing digital ad business.
Investors should savor the dividends and buybacks coming from big U.S. banks right now. They might not get the same kind of boost next year.
The company led by CEO Dan Houston is planning to exit most of its business selling life-insurance and annuities to American consumers.
In a year of twin crises related to the collapse of clients Archegos and Greensill, Credit Suisse had a booming blank-check business to fall back on. That has now slowed dramatically.
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