Wall Street Journal
Instacart Mulls IPO Price Hike After Arm's Stellar Debut: Targeting $10B Valuation
- Instacart, the popular grocery-delivery platform, is considering revising its initial public offering (IPO) target price upwards following the impressive performance of Arm Holdings Plc's (NASDAQ: ARM) IPO debut. The company is contemplating selling its shares in the range of $28 - $30 per share, up from the prior $26 - $28 target, as it prepares to file an amended offering with the SEC.
- Instacart's shares will likely start trading on the Nasdaq exchange under the ticker 'CART' the following week.
- Goldman Sachs Group Inc (NYSE: GS) is reportedly gearing up to provide affluent clients a chance to acquire a share of ownership in a private sports team.
- The bank is establishing a dedicated "sports franchise" division within its investment banking segment, merging sports-related mergers and acquisitions with sports financing.
RTX/Saudi Defense Firm's Failed Arms Megadeal - Blame Emergence Of China, Russia Links
- The U.S. defense manufacturer, RTX Corp (NYSE: RTX), formerly Raytheon Technologies, terminated a substantial multi-billion-dollar agreement with Scopa Defense, a Saudi firm, driven by concerns that Scopa Defense was engaging in business transactions with companies from China, Russia, and Belarus subject to international sanctions.
- The ambitious plan included installing radar and multiple air defense systems, with a total investment of $25 billion in the kingdom and an anticipated $17 billion in sales.
Bloomberg
Byron Allen's Ambitious $10B Offer for Disney's ABC Network and More
- Billionaire media mogul Byron Allen has made a bold $10 billion offer to acquire a significant chunk of Walt Disney Co's (NYSE: DIS) media empire, including the ABC TV network, ...