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Ride-Hailing Startup Lyft Files Confidential Paperwork for a 2019 IPO

Ride-Hailing Startup Lyft Files Confidential Paperwork for a 2019 IPO

The second biggest U.S. ride-hailing startup Lyft Inc. has filed confidential paperwork for an IPO, indicating its plans to go public in 2019. Lyft would be the first company to allow investors to buy into the rapidly growing ride-hailing industry.

Eric Walz2018-12-06 12:11 PT

China’s Tesla Rival NIO Raises $1 Billion in its U.S. IPO, Falls Short of Expectations

China’s Tesla Rival NIO Raises $1 Billion in its U.S. IPO, Falls Short of Expectations

Chinese electric automaker NIO debuted on the New York Stock Exchange this morning, raising $1 billion with its U.S. IPO, much lower than NIO’s earlier target of $2 billion to $3 billion previously reported by The Wall Street Journal. NIO’s target would have been the largest U.S. listing to date by any Chinese automaker.

Eric Walz2018-09-12 11:22 PT

Volvo Cars Cancels its Planned IPO Amid Ongoing Trade Tensions

Volvo Cars Cancels its Planned IPO Amid Ongoing Trade Tensions

Volvo Cars has postponed its planned IPO, citing ongoing trade tensions and a decline in automotive stocks. The Swedish carmaker, which is owned by China’s Geely, hoped to list its shares by the end of the year.

FutureCar Staff 2018-09-10 12:22 PT

Electric Automaker NIO Launches $1.3 Billion IPO

Electric Automaker NIO Launches $1.3 Billion IPO

Chinese electric automaker NIO launched a U.S. stock sale that could raise up to $1.32 billion. NIO is looking to top Tesla’s Model X in China with its new electric SUV the ES8.

Eric Walz2018-08-29 12:51 PT

Uber Plans to Shift Focus to Electric Scooters & E-Bikes for Short City Trips

Uber Plans to Shift Focus to Electric Scooters & E-Bikes for Short City Trips

With Uber vehicles clogging city streets and the company itself being blamed for increasing traffic in some cities, the company is taking action. Uber is planning an emphasis on electric scooter and e-bikes instead of cars in cities, according to Uber CEO Dara Khosrowshahi.

Eric Walz2018-08-27 12:26 PT

NIO Files $1.8 Billion IPO, the Largest of Any Chinese Automaker

NIO Files $1.8 Billion IPO, the Largest of Any Chinese Automaker

Chinese electric vehicle start-up NIO on Monday filed for a $1.8 billion initial public offering of its American depositary shares, the largest U.S. listing to date by a Chinese automaker.

Eric Walz2018-08-15 13:08 PT

Silicon Valley Lidar Maker Quanergy Systems Puts its Planned IPO on Hold

Silicon Valley Lidar Maker Quanergy Systems Puts its Planned IPO on Hold

A new report suggests trouble is brewing at silicon valley startup Quanergy systems Inc., a company developing solid state lidar for autonomous cars, Bloomberg has reported. Quanergy was one of the first self-driving tech unicorns—reaching a $1.5 billion valuation in 2016.

Jeremy Carlton2018-08-13 16:10 PT

Volvo Cars Owner Zhejiang Geely Selects Major U.S. Advisors to Explore IPO

Volvo Cars Owner Zhejiang Geely Selects Major U.S. Advisors to Explore IPO

​Zhejiang Geely Holding Group Co., owner of Sweden-based Volvo Cars AB, has selected Citigroup Inc., Goldman Sachs Group and Morgan Stanley to advise on an initial public offering for the carmaker this year, according to people with knowledge of the matter, Bloomberg has reported.

Paul Young2018-05-10 12:59 PT