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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/tech/behind-the-curtain-of-elon-musks-secretive-spacex-revenue-growth-and-rising-costs-2c828e2b

Persons: Dow Jones Organizations: elon, spacex

Persons: Dow Jones Organizations: elon, spacex

☆ NYSE, Nasdaq Battle for New Listings in Sign of IPO Awakening
▼ + stars: | 2023-08-09 | by ( Corrie Driebusch | Laura Cooper | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/nyse-nasdaq-battle-for-new-listings-in-sign-of-ipo-awakening-bb25b8f8

Persons: Dow Jones Organizations: nyse, nasdaq

☆ BlackRock, MSCI Face Congressional Probes for Facilitating China Investments
▼ + stars: | 2023-08-01 | by ( Kate O Keeffe | Corrie Driebusch | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/blackrock-msci-face-congressional-probes-for-facilitating-china-investments-2147ce2c

Persons: Dow Jones Locations: blackrock

☆ FOMO Drives Investors as IPO Market Awakens From Long Slumber
▼ + stars: | 2023-07-24 | by ( Corrie Driebusch | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/fomo-drives-investors-as-ipo-market-awakens-from-long-slumber-b1449c1

Persons: Dow Jones

☆ Oddity Prices Closely Watched IPO Above Expectations
▼ + stars: | 2023-07-19 | by ( Corrie Driebusch | Laura Cooper | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/oddity-prices-closely-watched-ipo-above-expectations-5f0abc5d

Persons: Dow Jones

☆ Recent Deals Fail to Spark Lackluster IPO Market
▼ + stars: | 2023-07-02 | by ( Corrie Driebusch | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/recent-deals-fail-to-spark-lackluster-ipo-market-580e9b1c

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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/fed-sec-probing-goldman-sachss-role-in-svbs-final-days-a4683b5b

Persons: Dow Jones, goldman

☆ Cava Soars in Stock Market Debut, Lifting Hopes for New Listings
▼ + stars: | 2023-06-15 | by ( Heather Haddon | Corrie Driebusch | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/cava-soars-in-stock-market-debut-lifting-hopes-for-new-listings-f1359c5b

Persons: Dow Jones

☆ Companies, Big Investors Sell Shares at Fastest Rate in Years
▼ + stars: | 2023-06-11 | by ( Corrie Driebusch | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/companies-big-investors-sell-shares-at-fastest-rate-in-years-38f5edac

Persons: Dow Jones, 38f5edac

☆ Restaurant Chain Cava Set to Launch IPO
▼ + stars: | 2023-06-04 | by ( Corrie Driebusch | Heather Haddon | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/restaurant-chain-cava-set-to-launch-ipo-37dd8e4e

Persons: Dow Jones

☆ J&J Prices Consumer Unit IPO at $22 a Share
▼ + stars: | 2023-05-04 | by ( Corrie Driebusch | Laura Cooper | ) www.wsj.com time to read: 1 min

Sales of Tylenol were driven higher by a rough cold and flu season. Photo: gary cameron/ReutersJohnson & Johnson ’s big consumer-healthcare business priced its initial public offering at $22 a share in the biggest new-stock listing of the year. The offering was priced at the higher end of the $20 to $23 targeted range, with about 10% more shares sold than planned, according to people familiar with the matter. At that price, the offering is expected to raise at least $3.7 billion and value the new company, known as Kenvue , at more than $40 billion.

☆ The Executives Who Guide the Instacart CEO
▼ + stars: | 2023-04-29 | by ( Jaewon Kang | Corrie Driebusch | ) www.wsj.com time to read: 1 min

In Personal Board of Directors, top business leaders talk about the people they turn to for advice, and how those people have shaped their perspective and helped them succeed. Previous installments from the series are here. When Fidji Simo was named chief executive of Instacart Inc. nearly two years ago, the grocery-delivery company was experiencing a pandemic-driven boom.

First Republic Bank is running up against a grim reality in its fight for survival: There are seemingly no good options. Any solution would likely require assistance from regulators, the government or other lenders. But the darkening economic outlook, bad lending decisions and limits on Washington policy makers pose hurdles for any intervention.

☆ J&J Consumer-Health IPO Process to Kick Off Key Test for Moribund New-Issue Market
▼ + stars: | 2023-04-23 | by ( Corrie Driebusch | Peter Loftus | ) www.wsj.com time to read: 1 min

The division slated to become Kenvue generated $14.95 billion in global sales last year, about 15.7% of Johnson & Johnson’s total. Photo: BRENDAN MCDERMID/REUTERSJohnson & Johnson is poised to begin a roadshow to pitch shares of its consumer-healthcare business, the producer of household names such as Tylenol, in a test for an IPO market that has been in the doldrums for the past year. Kenvue Inc. plans to start meeting with prospective investors as early as Monday, people familiar with the matter said. The goal is to raise $3.5 billion or more in the offering at a valuation close to $40 billion, the people said. IPO roadshows typically last anywhere from a few days to a week ahead of the stock’s trading debut.

☆ Klaviyo Hires Bankers, Plans for Late 2023 IPO
▼ + stars: | 2023-04-03 | by ( Laura Cooper | Corrie Driebusch | ) www.wsj.com time to read: 1 min

Marketing-automation platform Klaviyo Inc. plans to list its shares publicly, according to people familiar with the matter, a sign of life in an otherwise lackluster IPO market. Klaviyo, which was valued at $9.5 billion in a funding round in 2021, has tapped Goldman Sachs Group Inc. to be lead underwriter for the listing, which could take place as early as September, the people said.

Silicon Valley Bank executives went to Goldman Sachs Group Inc. in late February looking for advice: They needed to raise money but weren’t exactly sure how to do it. Soaring interest rates had taken a heavy toll on the bank. Deposits and the value of the bank’s bond portfolio had fallen sharply. Moody’s Investors Service was preparing for a downgrade. The bank had to reset its finances to avoid a funding squeeze that would badly dent profits.

Shares of SVB Financial, parent of Silicon Valley Bank, have declined sharply. SVB Financial Group is seeking a buyer after the beleaguered Silicon Valley lender scrapped a plan to shore up its finances through a capital raise, according to people familiar with the matter. Facing widespread customer withdrawals that have raised questions about its ability to stay in business, the bank’s shares have declined sharply since Thursday, falling as much as 68% in premarket trading before the stock was halted.

Silicon Valley Bank collapsed Friday in the second-biggest bank failure in U.S. history after a run on deposits doomed the tech-focused lender’s plans to raise fresh capital. The Federal Deposit Insurance Corp. said it has taken control of the bank via a new entity it created called the Deposit Insurance National Bank of Santa Clara. All of the bank’s deposits have been transferred to the new bank, the regulator said.

☆ Burger King Owner, Others Sell Shares Rapidly in Hopeful Sign for IPOs
▼ + stars: | 2023-03-08 | by ( Corrie Driebusch | ) www.wsj.com time to read: 1 min

Burger King’s parent is among the companies that benefited from rising share prices. A string of recent big stock sales by public companies is boosting confidence among bankers and investors that the drought in IPOs may finally be easing. More than 50 publicly traded companies in the U.S. raised a total of roughly $7.4 billion for themselves or shareholders in February, compared with 23 raising $1.8 billion in the same month last year, Dealogic data show. (That is still far lower than in the prior share-sale boom, when 150 companies raised $32 billion in February 2021.)

A part-time worker for Instacart filled customer orders in New Jersey last year. Instacart Inc. generated sharply higher sales and profit in the fourth quarter, according to people familiar with the matter and an internal memo, as the company prepares for its highly anticipated initial public offering of stock. The grocery-delivery company told employees on Tuesday that its revenue increased more than 50% in the fourth quarter, compared with the same period a year earlier, while gross profit rose more than 80%, according to a memo viewed by The Wall Street Journal.

☆ Going Private Again Is All the Rage Among Newly Public Companies
▼ + stars: | 2023-02-19 | by ( Corrie Driebusch | Laura Cooper | ) www.wsj.com time to read: 1 min

A growing number of newly public companies are racing back to private ownership after discovering that an IPO isn’t always all it’s cracked up to be. Of the hundreds of companies that went public in the boom years of 2020 and 2021, 10 have already agreed to sell themselves to private-equity firms, according to Dealogic. Of those that went public in 2018 or 2019, only eight have gone private in the ensuing years.

☆ Panera Among Restaurant Companies Looking to Test IPO Demand
▼ + stars: | 2023-02-06 | by ( Corrie Driebusch | Heather Haddon | ) www.wsj.com time to read: 1 min

More restaurant companies are aiming to test investors’ demand for new listings after the sector weathered the Covid-19 pandemic and as dining sales have largely held up so far this year. Fogo Hospitality Inc., the parent company of a Brazilian-style steakhouse chain, is aiming for an initial public offering as early as spring, according to people familiar with the matter. Other restaurant companies including Panera Brands Inc. and Cava Group Inc., the parent company of a Mediterranean chain, are aiming for an offering in the first half of the year as long as markets keep improving, according to people briefed on the plans.

☆ An Advocate for Managing Startups Differently Gets New Advice
▼ + stars: | 2023-02-04 | by ( Corrie Driebusch | ) www.wsj.com time to read: 1 min

In Personal Board of Directors, top business leaders talk about the people they turn to for advice, and how those people have shaped their perspective and helped them succeed. Previous installments from the series are here. Eric Ries has spent the past two decades as a go-to mentor in Silicon Valley and the founder of a David-size stock exchange trying to take on twin Goliaths: Nasdaq and the New York Stock Exchange. But a “humiliating” startup failure at age 20 almost took him out of the game entirely.

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