Airbnb and DoorDash have raised the prices of their shares above the expected range, as both tech giants aim to raise larger amount of finances while investors demand for stocks amid the historic boom in the IPO market.
Financing and stock offering
AbCellera Biologics Plans to Raise up to $391 Million in IPO
Peter Thiel-backed biotech developer AbCellera Biologics announced on Monday morning that it expects to raise up to $391 million in its initial public offering.
US Government Loans $1.1 Billion to Ginkgo Bioworks
The US government agreed on Thursday morning to loan privately-held biotechnology company Ginkgo Bioworks $1.1 billion for COVID-19 testing and the production of raw materials for therapies that could help address future pandemics.
Chinese Government Suspends Ant Group’s $37 Billion Listing
The Chinese government suspended Ant Group’s $37 billion listing on Wednesday afternoon, thwarting the largest stock market debut in the world with just days to go in a significant blow to the financial technology company founded by Jack Ma.
Shanghai Stock Exchange Suspends Ant Group’s Record $34.5 Billion IPO
The Shanghai Stock Exchange announced on Tuesday that it has suspended Ant Group’s $34.5 billion initial public offering due to glaring changes in the company’s regulatory environment, placing the fintech giant’s world record-setting IPO in jeopardy.