tldrdaily.news logo
Tag

Capital Raising

All articles tagged with #capital raising

business-electric-vehicles1 year ago

Canoo's Bleak Forecast Sparks Stock Tumble

Electric vehicle maker Canoo forecasts 2024 revenue well below analyst expectations, leading to a 38% drop in its shares in extended trading. The company, which has been struggling with dwindling capital and uncertain demand, reported a net loss of $302.6 million for the year ended Dec. 31. The broader slowdown in demand for battery-powered cars, driven by high-interest rates and competition, has impacted startups and major automakers alike, making it difficult for firms like Canoo to raise more money.

via Reuters|
#business-electric-vehicles#canoo#capital-raising
finance2 years ago

Alibaba's logistics arm plans $2 billion Hong Kong IPO.

Alibaba's logistics arm, Cainiao Network Technology, is planning to raise up to $2 billion through an IPO in Hong Kong, likely in early 2022, according to sources. The move comes after Alibaba announced in March that it would split its business into six units, with most of them exploring capital raisings or market debuts. Cainiao, which provides software and data sharing with warehouses, carriers, and logistics firms, reported $6.07 billion in revenue in the nine months ended December, accounting for 6% of Alibaba's total revenue.

via Yahoo Finance|
#alibaba#cainiao#capital-raising
finance2 years ago

PacWest Bank's Stock Drop Sparks Sale Speculation

PacWest Bancorp is reportedly exploring strategic options, including a sale or raising capital, after its shares dropped nearly 72% since the start of 2023. The California-based bank has not yet initiated an auction process, and selling all of its businesses as one hasn't been attractive to many entities. PacWest's other options include breaking its businesses up. The bank's total deposits for Q1 2023 marked a nearly 17% decrease from Q4 2022 and an approximately 15% decline from Q1 2022.

via Fox Business|
#bank-failure#capital-raising#finance