Snap Inc, the maker of messaging app Snapchat, plans to reveal financial statements and other disclosures for its initial public offering (IPO) by late this week, according to a person familiar with the matter.
It will be the public’s first chance to see the performance of the fast-growing company, which is aiming to raise as much as US$4 billion in its IPO. Snap has already filed its information privately with the US Securities and Exchange Commission.
The company plans to emphasize its average revenue per user and is aiming to grow in more mature markets, according to the people.
After filing publicly, Snap must wait 21 days before starting a road show to tout the listing to investors. On the current schedule, the company’s shares could start trading in March. Noah Edwardsen, a Snap spokesman, declined to comment.
Separately, Liquidia Technologies, a biotechnology firm backed by the Bill & Melinda Gates Foundation, is planning an IPO in Singapore this year, according to people with knowledge of the matter.
The US company aims to list on Singapore’s junior Catalist market at a valuation of about S$300 million (US$211 million), the people said, asking not to be identified because the information is private.
Liquidia is in early talks with investors including Malaysian sovereign fund Khazanah Nasional Bhd about selling a stake before the proposed offering, according to the people.
Liquidia was founded in 2004 and is led by chief executive officer Neal Fowler, the former president of Johnson & Johnson’s Centocor unit. The company’s current investors include GlaxoSmithKline PLC, the largest UK drugmaker, as well as venture capital firms Canaan Partners, New Enterprise Associates Inc and Morningside Group, according to its Web site.
The Eurovision Song Contest has seen a surge in punter interest at the bookmakers, becoming a major betting event, experts said ahead of last night’s giant glamfest in Basel. “Eurovision has quietly become one of the biggest betting events of the year,” said Tomi Huttunen, senior manager of the Online Computer Finland (OCS) betting and casino platform. Betting sites have long been used to gauge which way voters might be leaning ahead of the world’s biggest televised live music event. However, bookmakers highlight a huge increase in engagement in recent years — and this year in particular. “We’ve already passed 2023’s total activity and
Nvidia Corp CEO Jensen Huang (黃仁勳) today announced that his company has selected "Beitou Shilin" in Taipei for its new Taiwan office, called Nvidia Constellation, putting an end to months of speculation. Industry sources have said that the tech giant has been eyeing the Beitou Shilin Science Park as the site of its new overseas headquarters, and speculated that the new headquarters would be built on two plots of land designated as "T17" and "T18," which span 3.89 hectares in the park. "I think it's time for us to reveal one of the largest products we've ever built," Huang said near the
China yesterday announced anti-dumping duties as high as 74.9 percent on imports of polyoxymethylene (POM) copolymers, a type of engineering plastic, from Taiwan, the US, the EU and Japan. The Chinese Ministry of Commerce’s findings conclude a probe launched in May last year, shortly after the US sharply increased tariffs on Chinese electric vehicles, computer chips and other imports. POM copolymers can partially replace metals such as copper and zinc, and have various applications, including in auto parts, electronics and medical equipment, the Chinese ministry has said. In January, it said initial investigations had determined that dumping was taking place, and implemented preliminary
Intel Corp yesterday reinforced its determination to strengthen its partnerships with Taiwan’s ecosystem partners including original-electronic-manufacturing (OEM) companies such as Hon Hai Precision Industry Co (鴻海精密) and chipmaker United Microelectronics Corp (UMC, 聯電). “Tonight marks a new beginning. We renew our new partnership with Taiwan ecosystem,” Intel new chief executive officer Tan Lip-bu (陳立武) said at a dinner with representatives from the company’s local partners, celebrating the 40th anniversary of the US chip giant’s presence in Taiwan. Tan took the reins at Intel six weeks ago aiming to reform the chipmaker and revive its past glory. This is the first time Tan
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