Latest news with #ShinjiniGanguli
The Star
4 days ago
- Business
- The Star
Circle, shareholders aim to raise $896 million in upsized US IPO
(Reuters) -Circle Internet and some of its existing shareholders are aiming to raise as much as $896 million in an upsized initial public offering in the United States, the stablecoin giant said on Monday. New York-based Circle and some existing investors are now offering 32 million shares priced between $27 and $28 apiece. This compares with the $624 million expected in proceeds at the top of the previously disclosed offering of 24 million shares priced between $24 and $26 apiece. Circle will list on the New York Stock Exchange under the symbol "CRCL". J.P. Morgan, Citigroup and Goldman Sachs are the lead underwriters for the offering. (Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Shinjini Ganguli)
Business of Fashion
09-05-2025
- Business
- Business of Fashion
Canada's Shopify Sees Second-Quarter Revenue Above Market Estimates
Shopify forecast second-quarter revenue above Wall Street estimates on Thursday, signalling the e-commerce company was steadily pulling in sellers even as global trade uncertainty threatens to hit retail businesses. The Ontario, Canada-based company said it expects revenue to grow in the mid-twenties percentage range in the current quarter, while analysts on average estimate growth of 22.4 percent, according to data compiled by LSEG. By Deborah Sophia; Edited by Shinjini Ganguli Learn more: Shopify Must Face Data Privacy Lawsuit in US A US appeals court revived a data privacy class action suit against Shopify Monday, stating the Canadian e-commerce company can be sued in California for collecting personal identifying data from its consumers.
Yahoo
07-05-2025
- Business
- Yahoo
New York Times forecasts quarterly subscription revenue growth above estimates
(Reuters) -The New York Times forecast second-quarter subscription revenue growth above Wall Street estimates on Wednesday, betting on strong demand for its bundled offerings. The NYT has been bundling its core news offerings with lifestyle-focused products such as Wirecutter, sports website The Athletic and games including Wordle. The publisher has won four Pulitzer Prizes, including the one in collaboration with the nonprofit Baltimore Banner. The news publisher expects subscription revenue growth of 8% to 10% in the second quarter, compared with analysts' average estimate of an 8.2% rise, according to data compiled by LSEG. The company added about 250,000 digital-only subscribers in the first quarter, compared with Visible Alpha estimates of 248,000. (Reporting by Jaspreet Singh in Bengaluru; Editing by Shinjini Ganguli)
Reuters
06-05-2025
- Business
- Reuters
Uber to acquire 85% stake in Trendyol GO food delivery business for $700 million
The logo of Uber is seen at the Promenade road during the World Economic Forum (WEF) 2023 in Davos, Switzerland, January 20, 2023. REUTERS/Arnd Wiegmann/File Photo Purchase Licensing Rights , opens new tab May 6 (Reuters) - Uber Technologies (UBER.N) , opens new tab said on Tuesday it has entered into an agreement with Turkish e-commerce firm Trendyol Group to acquire an 85% stake in its Trendyol GO online food delivery business for about $700 million in cash. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. Reporting by Deborah Sophia in Bengaluru; Editing by Shinjini Ganguli Our Standards: The Thomson Reuters Trust Principles. , opens new tab Share X Facebook Linkedin Email Link Purchase Licensing Rights
Yahoo
06-05-2025
- Business
- Yahoo
Uber to acquire 85% stake in Trendyol GO food delivery business for $700 million
(Reuters) - Uber Technologies said on Tuesday it has entered into an agreement with Turkish e-commerce firm Trendyol Group to acquire an 85% stake in its Trendyol GO online food delivery business for about $700 million in cash. (Reporting by Deborah Sophia in Bengaluru; Editing by Shinjini Ganguli)
