Shops, restaurants and cafes in Egypt have been told to close early as part of a raft of temporary measures to combat soaring energy prices caused by the Iran war. Retail and dining premises will have to close by 21:00 (19:00 GMT) each night for the next month, beginning on Saturday.Shops
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Dhurandhar 2 Box Office Collection Day 10 Worldwide: Ranveer Singh aka Hamza, continues to rule the box office globally with Dhurandhar 2: The Revenge. The film has now surpassed the lifetime earnings of Prabhas' Kalki 2898 AD ( ₹1,042.25 crore) and Yash's KGF Chapter 2 ( ₹1,215 crore)
Karnataka MLAs finally get free tickets to watch Indian Premier League (IPL) tomorrow at the M Chinnaswamy Stadium. After a state-wide stir over the free tickets, the wish of “VIPs" is fulfilled by the Congress-led state government. As per a report by India Today
India and Russia are boosting technological ties. The Indo-Russia Innopraktika Technology Hub has partnered with Indian academic institutions. This collaboration will establish a state-of-the-art Unmanned Aerial Vehicle and Satellite Laboratory
Indian stock market: The Indian stock market closed the week on a subdued note, extended its losing streak for a fifth straight week, as rising volatility driven by shifting global cues and escalating geopolitical tensions in the Middle East
The president of the Maldives has formally told the UK that it does not recognise the deal to hand over the Chagos Islands to Mauritius. President Mohamed Muizzu's office told the BBC the Maldives had expressed its opposition to the "deeply concerning" deal in two written objections and a phone
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Transit tech firm Via Transportation targets up to $3.5 billion valuation in US IPO
Blowout debuts from design software maker Figma and crypto exchange Bullish have also enhanced the appeal of first-time share sales.
At the top of its proposed range, Via's $3.5 billion targeted valuation would be at par with the one it secured in a 2023 funding round led by venture firm 83North.
Rising urban congestion and environmental concerns have led to calls on administrations worldwide to develop sustainable mixed-mode public transit systems.
Founded in 2012, New York-based Via's technology combines on-demand shared rides and intelligent routing to optimize public transit systems in hundreds of cities across more than 30 countries.
Investment management firm Wellington Management has indicated interest in purchasing up to $100" onclick="showFullScrImg(this)"/>
Via Transportation is targeting a valuation of up to $3.50 billion in its initial public offering, the transit technology maker said on Wednesday, joining a wave of companies aiming to list their shares on U.S. exchanges this fall.
Via and some of its existing investors are seeking to raise up to $471 million by offering 10.7 million shares priced between $40 and $44 apiece.
IPO markets have resumed a long-awaited recovery amid an equity market rally fueled by robust tech earnings and growing expectations of interest rate cuts in the short term. The fall window kicked off on Tuesday with long-awaited road show launches.
"Rate cuts are a nice tailwind, but much of the current momentum stems from pent-up demand after two to three years of minimal IPO activity," said Jeff Zell, senior research analyst at IPO Boutique.
Blowout debuts from design software maker Figma and crypto exchange Bullish have also enhanced the appeal of first-time share sales.
At the top of its proposed range, Via's $3.5 billion targeted valuation would be at par with the one it secured in a 2023 funding round led by venture firm 83North.
Rising urban congestion and environmental concerns have led to calls on administrations worldwide to develop sustainable mixed-mode public transit systems.
Founded in 2012, New York-based Via's technology combines on-demand shared rides and intelligent routing to optimize public transit systems in hundreds of cities across more than 30 countries.
Investment management firm Wellington Management has indicated interest in purchasing up to $100 million worth of shares in the IPO, Via said.
Goldman Sachs, Morgan Stanley, Allen & Company and Wells Fargo are the lead underwriters for Via's offering. The company plans to list its shares on the New York Stock Exchange under the ticker symbol "VIA".
Source: EconomicTimes
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