Search Results for: IPO

Federal prosecutors with the Securities and Exchange Commission (SEC) arrested three of former President Donald Trump’s business associates based on insider trading charges. Bruce Garelick, Michael Shvartsman and Gerald Shvartsman are accused of profiting off of nonpublic information ahead of a publicly traded company’s acquisition of Trump’s media business. According to the SEC’s complaint, Garelick [...]

Why was the cryptocurrency exchange FTX valued at $32 billion before it filed for bankruptcy? Many of the world’s most sophisticated investors believed it was worth that much and invested billions based on that valuation. They failed to detect the company’s massive misconduct and their investments were completely wiped out over the course of a [...]

Central Bank Digital Currency (CBDC) is increasingly being referred to as the ‘future of money,’ which is also evident from the fact that 87 countries representing 90% of the global GDP are currently exploring digital currencies. China was the first major economy to create its own digital currency in April 2021 and the Chinese Central [...]

Earlier this month, a digital currency based on the Netflix series “Squid Game” soared in value before collapsing dramatically as its promoters quickly pulled out their funds in what is known as a “rug pull.” The website promoting the cryptocurrency was only three weeks old and was littered with grammatical errors, tell-tale signs that it [...]

China’s State Administration for Market Regulation (SAMR) fined Alibaba 18 billion yuan, or approximately 4 percent of the company’s 2019 revenues Friday, after a months-long investigation. This fine, the largest in the history of Chinese antitrust law, follows the unexpected interruption of Ant Group’s IPO in November. Ant Group is an affiliate company of Alibaba. [...]

China’s State Administration for Market Regulation (SAMR) issued new rules Sunday concerning digital platforms. These rules are expected to put pressure on large companies like online retailers Taobao and JD.com, as well as payment providers like WeChat Pay and Alipay. Included among the changes in the new rules is a ban on merchants requiring retailers on [...]

Amnesty International called on Airbnb Thursday to remove its approximately 200 rental properties located within the Occupied Palestinian Territories (OPT) before the company’s Initial Public Offering (IPO). Amnesty claims that these properties are in illegal Israeli settlements and “are at the heart of systematic human rights violations faced by Palestinians. In preparation for the IPO, [...]

The United States has an invaluable asset: the rule of law and its historic role in protecting property rights. This essay highlights the fragile nature of this asset and explains why protecting this asset—particularly in the eyes of foreign investors—must be a priority for a new Biden administration (as it should be for the remainder [...]

The co-founder of ride-sharing company Uber, Travis Kalanick, and the company’s directors on Monday won a dismissal of a lawsuit brought by major investors who sought to hold the company liable for a delay in the company’s push into autonomous vehicles caused by a fight over trade secrets. The lawsuit, brought by investor Lenza McElrath, [...]

A recent Philippine Securities and Exchange Commission (“SEC”) Advisory reiterated its message to those conducting Initial Coin Offerings (“ICO”) of security tokens within the country: register your security tokens or be prepared to face penalties. Just this month, the SEC declared that the Ploutos Coin is a kind of security which must be registered first [...]