New York Stock Exchange

KM Birla said to mull seeking $1.2 billion in Novelis IPO

by

Billionaire Kumar Mangalam Birla’s Hindalco Industries Ltd. is considering seeking about $1.2 billion in a planned initial public offering of US aluminum products maker Novelis Inc., people familiar with the matter said, in what could be one of the year’s biggest share sales. Hindalco may target a valuation of about $18 billion for Atlanta-based Novelis, … Read more

Bird Scooters’ Fall From A $2 Billion Valuation To Bankruptcy

by

Remember that era where tons of companies tried to convince us that rentable electric scooters were the future of transportation? The two-wheeled menaces started popping up on city streets like a micromobility plague, becoming the favored mode of travel for drunk folks in cities. But that dream has died. Bird Global, one of the most … Read more