All articles tagged with #secondary share sale
Revolut has initiated a secondary share sale at a $75 billion valuation, making it one of the most valuable fintech companies globally, with demand from investors and a significant increase from last year's valuation, reflecting its rapid growth and expansion efforts.
SpaceX's valuation has reached $180 billion in an ongoing secondary share sale, representing a 20% increase from its previous high of $150 billion. The company is offering insiders the opportunity to sell stock at $97 a share, with the purchase offer expected to close in January. With a near-monopoly on the U.S. satellite launch market and the success of its Starlink satellite internet business, SpaceX continues to solidify its position as one of the most valuable private companies in the world. Its valuation now surpasses that of top U.S. defense contractors and telecommunications companies.
Two companies in India's Adani Group, Adani Enterprises and Adani Transmission, are planning to raise $1.6 billion and $1 billion respectively through share sales, months after a short-seller report led to a sharp loss in the conglomerate's market value. The companies will need shareholder approval for the deals to go ahead.