China approves autonomous driving startup Momenta’s US IPO
China’s securities regulator said on Monday it has approved autonomous driving startup Momenta Global Limited’s initial public offering (IPO) in the United States. Momenta plans to issue up to 63,352,856 ordinary shares and list on the Nasdaq Stock Market or the New York Stock Exchange, the regulator said in a statement. China in June granted […]
BlackRock-backed fintech Trustly says IPO still at least one year out even as profits jump 51%
The boss of Swedish financial technology startup Trustly says an initial public offering for the company is still a year or two away from happening, even after a 51% jump in operating profit. In an exclusive interview with CNBC, Johan Tjarnberg, CEO of Trustly, said that his firm still needs time to prove the value […]
Proxy firm advises shareholders to reject Elon Musk’s $56 billion pay package
Proxy advisory firm Glass Lewis said on Saturday it has urged Tesla (TSLA.O), opens new tab shareholders to reject a $56 billion pay package for Chief Executive Officer Elon Musk, which if passed would be the largest pay package for a CEO in corporate America. The report cited reasons like the “excessive size” of the pay deal, […]