Business, Technology, Fuel

SPAC Boom Propels EV Makers to Public Markets

The Lucid Motors Air prototype electric vehicle stands at the company's headquarters in Newark, Calif. The Lucid Motors Air prototype electric vehicle stands at the company's headquarters in Newark, Calif., in August 2020. (David Paul Morris/Bloomberg News)

Until June last year, Tesla Inc. was the only dedicated electric carmaker based in the U.S. on the stock market. Then special purpose acquisition companies took over Wall Street.

Ed Ludlow and Crystal Tse | Bloomberg News
January 22, 2021
Business, Technology, Logistics

Delivery Startup DoorDash to Seek Up to $2.8 Billion in IPO

Doordash's logo is displayed on an iPhone. (Gabby Jones/Bloomberg News) Gabby Jones/Bloomberg News

DoorDash Inc., the biggest U.S. food delivery company, is seeking to raise as much as $2.8 billion in an initial public offering that’s part of an end-of-year U.S. listings rush.

November 30, 2020

Trash Hauler GFL Slides on Trading Debut Amid Market Turmoil

GFL Environmental Inc. garbage truck A GFL Environmental garbage truck prepares to drop off a load of waste at a transfer station in Toronto on Oct. 24, 2019. (Cole Burston/Bloomberg News)

GFL Environmental Inc. fell in its trading debut after raising $1.425 billion in the largest Canadian initial public offering in almost six years.

Crystal Tse and Divya Balji | Bloomberg News
March 3, 2020
Business, Technology

VW’s Traton IPO to Raise $1.8 Billion, Pricing at Low End

vw Mikael Sjoberg/Bloomberg News

Volkswagen AG raised 1.55 billion euros ($1.8 billion) selling a stake in its truck business, but only after pricing the offer at the low end of a target range to attract investors to one of Europe’s biggest initial public offerings this year.

June 27, 2019
Business, Technology, Equipment, Autonomous

VW’s $18.6 Billion Truck IPO to Test CEO’s Overhaul Plan

vw Krisztian Bocsi/Bloomberg News

Volkswagen AG valued its heavy-trucks business at as much as $18.6 billion in a planned initial public offering that will test CEO Herbert Diess’ ambition of overhauling the carmaking behemoth.

Christoph Rauwald | Bloomberg News
June 14, 2019
Business, Technology, Equipment

VW Advances Truck Unit IPO Despite Shaky Stock Market, Trade Woes

vw Freight trucks manufactured by MAN SE and Scania AB stand on display. (Krisztian Bocsi/Bloomberg News)

Volkswagen AG set plans to list its heavy-truck division Traton SE in Frankfurt, Germany, and Stockholm, moving forward with one of the year’s largest European public offerings despite a wobbly stock market and a swirling trade war between China and the United States.

Christoph Rauwald | Bloomberg News
June 4, 2019
Business, Technology, Equipment

VW Stock Gets Boost From Planned IPO of Heavy-Truck Division

vw A Traton International LT A26 haulage truck. (Krisztian Bocsi/Bloomberg News)

Volkswagen AG shares climbed the most in two weeks after the German automaker revived plans for a partial offering of its Traton SE heavy-truck division and said it may dispose of two noncore businesses.

Christoph Rauwald | Bloomberg News
May 14, 2019
Business, Technology

Uber’s Conservative IPO Valuation Faces Public Market Test

Michael Nagle/Bloomberg News

Uber Technologies Inc. took a conservative approach to its initial public offering May 9, picking a share price toward the bottom of the marketed range and at a valuation below its last private funding round.

May 10, 2019
Business, Technology

Lyft Gets First Buy Rating Ahead of IPO Amid Market Share Gains

Lyft Patrick T. Fallon/Bloomberg News

Lyft Inc. received an encouraging sign from Wall Street March 20, winning its first buy rating more than a week before shares start trading.

Drew Singer | Bloomberg News
March 20, 2019
Business, Technology

Lyft Aims for Valuation Near $20 Billion in Biggest US IPO

Patrick T. Fallon/Bloomberg News

Lyft Inc. is seeking to raise as much as $2.1 billion in its initial public offering, valuing the firm at almost $20 billion.

March 18, 2019