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Instacart Prices IPO at $30 a Share, at Top End of Expectations
Business

Instacart Prices IPO at $30 a Share, at Top End of Expectations

The grocery-delivery company is valued at nearly $10 billion ahead of its long-anticipated public-trading debut Tuesday. Source link

Arm Sets IPO Price at $51 a Share
Business

Arm Sets IPO Price at $51 a Share

British chip designer drops price after initially considering $52 a share. Source link

Shari Redstone's National Amusements Strikes Deal With Lenders
Business

Shari Redstone's National Amusements Strikes Deal With Lenders

The family holding company agreed to partial debt paydowns and higher interest rates. Source link

Big Manufacturers Try Crowdfunding to Market-Test Products
Business

Big Manufacturers Try Crowdfunding to Market-Test Products

GE Appliances and others seek customer feedback and payment in advance to help validate a concept. Source link

SoftBank Chip Unit Arm Files for IPO Likely to Be 2023's Biggest
Business

SoftBank Chip Unit Arm Files for IPO Likely to Be 2023's Biggest

Arm raised lofty expectations for its business overall but faces near-term market challenges. Source link

China Evergrande Seeks U.S. Court Approval for $19 Billion Debt Restructuring
Business

China Evergrande Seeks U.S. Court Approval for $19 Billion Debt Restructuring

China Evergrande Group is seeking a U.S. court’s approval to restructure more than $19 billion in the company’s offshore debts, as the embattled property developer

Apollo-Led Lenders Sell Yellow Loan to Citadel
Business

Apollo-Led Lenders Sell Yellow Loan to Citadel

The firm exited its loan investment after rival lenders offered better terms to finance Yellow’s liquidation. Source link

Dubai Automaker to Pump Cash Into China Evergrande's EV Business
Business

Dubai Automaker to Pump Cash Into China Evergrande's EV Business

The Chinese property developer’s fledgling auto unit said NWTN’s $500 million investment would help it meet imminent funding needs. Source link