Tag: ipo

  • Shein Targets $90 Billion Valuation in Upcoming IPO

    Shein, the Singapore-based fast fashion giant, is setting its sights high for its U.S. initial public offering (IPO), targeting a valuation between $80 billion and $90 billion, as reported by Bloomberg. This ambitious valuation marks a significant increase from its $64 billion valuation earlier this year and slightly below its peak valuation of $100 billion…

  • Lyft Fined $10 Million Over Icahn-Soros Deal

    Lyft Fined $10 Million Over Icahn-Soros Deal

    Lyft Inc. has settled a $10 million fine with the SEC for not disclosing a board director’s role in a share sale involving billionaires Carl Icahn and George Soros, just before the company’s 2019 IPO. The director, identified as Jonathan Christodoro, helped Icahn sell a 2.6% stake in Lyft to Soros at a discounted rate.…