Category: Wire

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SBP to launch Asaan Mobile Account

KARACHI, PAKISTAN: The State Bank of Pakistan (SBP) will be launching a new initiative, Asaan Mobile Account (AMA) on Monday, December 13, 2021, a news...

HashiCorp prices IPO at $80 per share

SAN FRANCISCO HashiCorp, a leader in multi-cloud infrastructure automation software, announced the pricing of its initial public offering (IPO) of 15.3 million Class A common...

CJ Olive Young announces $1.0 billion IPO

HONG KONG : CJ Olive Young, South Korea’s largest beauty store chain, has announced US$1 billion initial public offering (IPO) in Korea. Olive Young was...

Gaming Stocks to Perform Better in Q4 of 2021

The COVID-19 pandemic and its resulting restrictions have had far-reaching impacts, particularly on the gaming and entertainment industry. While lockdowns saw temporary closures for the...

Heyday raises $555 million in Series C financing

SAN FRANCISCO: Heyday raised $555 million in a funding round led by Raine Group and Indian tycoon Azim Premji’s investment firm. Heyday acquires consumer-goods companies...

U.S. retail sales surge 1.7% in October

WASHINGTON: U.S. retail sales surged 1.7% last month, the Commerce Department said on Tuesday. Data for September was revised higher to show retail sales increasing...

Peloton to sell $1 billion worth of shares

NEW YORK: Peloton Interactive Inc. will sell $1 billion of stock, a company statement said. Durable Capital Partners LP, TCV, and funds and accounts advised...

500 Global appreciates Pakistani start-ups

Pakistani technology start-ups took the spotlight as Courtney Powell, Chief Operating Officer and Managing Partner, 500 Global, a USD 1.8 billion international venture capital firm,...