Daily Archives: March 1, 2018

Brazilian IPOs get into a New York state of mind

When it comes to Brazilian initial public offerings, geography sometimes still matters even in a globalized world. For example, Brazilian credit card services company PagSeguro Digital Ltd (PAGS), which commanded a $6.8 billion valuation when it went public on the New York Stock Exchange in January, surpassed its bankers' wildest expectations.
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Time To Get Smart About Chinese Smartphone Maker Xiaomi

Could "Little Rice" be the next big Apple? Chinese smartphone maker Xiaomi has taken a step closer to a possible $100 billion flotation this year, with news that it's mulling a dual listing in mainland China and Hong Kong. Such a valuation is enough to get investment bankers salivating: It would likely make the IPO…
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Spotify plans to list shares, fend off Apple and Amazon (Feb. 28)

By Stephen Nellis and Nivedita Bhattacharjee. Music streaming service Spotify on Wednesday filed for a direct listing of its shares, laying out financial data for the first time that cheered some analysts but led others to question how it could turn a profit from its growing subscriber base.
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