China’s looking at amending its rules on overseas listings so that companies which use variable interest entities, the legal structure used by companies such as Tencent, Alibaba, Didi Global and Pinduoduo to bypass restrictions on foreign investment, will need to seek approval before selling shares abroad, Bloomberg reported. The potential changes could have a huge impact on what has become...
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DoorDash Should Buy Instacart Now
Instacart’s stock price performance so far brings to mind a variation on the old line about love: Is it better to have gone public and lost, or never to have gone public at all? The shares fell 9% on Monday to $26.96, 10% below its IPO price, following our scoop that the Wall Street analysts at the banks underwriting the offering are projecting a severe slowdown in Instacart’s growth in the...
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