Capital Raising

AP News | |

Chinese food delivery giant Meituan raised nearly $10 billion in a sale of convertible bonds and additional shares and plans to invest those funds in developing and expanding delivery technologies.

The Beijing-based firm, China’s largest food delivery platform, said in a filing to the Hong Kong stock exchange that it sold 187 million additional shares in a top-up placement at 273.80 Hong Kong dollars each, raising about $6.6 billion.

Kimberly Redmond | |

Impossible Foods Inc is preparing for a public listing which could value the plant-based burger maker at more than $10 billion, according to a report.

Reuters, citing confidential sources, reported Thursday that the faux meat maker is exploring going public through an initial public offering in the next 12 months or a merger with a special purpose acquisition company.

Reuters | |

Cinema operator AMC Entertainment Holdings Inc is seeking shareholder approval to sell 500 million shares to the public, its top boss Adam Aron said in a CNBC interview on Thursday.

The approval would give the board the flexibility to authorize future issuances for a variety of purposes, the company said.

Reuters | |

Robinhood Markets Inc is building a platform to “democratize” initial public offerings (IPOs), including its own, that would allow users of its trading app to snap up shares alongside Wall Street funds, according to people familiar with the matter.

The move could further erode Wall Street’s grip on stock market flotations. It would be easier to implement for Robinhood’s own IPO, given how companies and their investment bankers tightly control allocations to investors in new listings.

Reuters | |

Shares of Reddit-favorite GameStop Corp slumped 34% on Wednesday, a day after the videogame retailer said it might cash in on a meteoric rise in its share price to fund its e-commerce expansion.

GameStop shares remain up over 500% this year, benefiting from a push by retail investors on Reddit forums to drive up prices of heavily shorted stocks.

Reuters | |

(Reuters) - GameStop Corp said on Tuesday it may sell new shares this year to take advantage of a more-than 800% run-up since January in the stock price of the U.S. video game retailer at the center of the Reddit rally of “meme stocks.”

GameStop shares gyrated after hours and were last down 12%. The company made the comments about the share offering in a regulatory filing for fourth-quarter earnings which showed GameStop returned to profitability, with 175% growth in e-commerce sales.

Reuters | |

Digital payments giant Stripe’s value soared to $95 billion after it capitalized on a boom in ecommerce with a round of funding that pushed it past Elon Musk’s SpaceX as the most valuable U.S. startup.

Founded in 2010 by Patrick and John Collison when the Irish brothers were barely out of their teens, Stripe is used by more than 50 companies each processing over $1 billion annually to receive payments and bill customers.

Kimberly Redmond | |

Shake Shack Inc (NYSE: SHAK) announced the pricing of $225 million aggregate principal amount of zero coupon senior notes to expand its burger chain into new markets and remodel existing restaurants to better handle digital orders. The initial conversion rate is 5.8679 shares of Shake Shack’s Class A common stock per $1,000 principal amount of notes, which is equivalent to an initial conversion price of approximately $170.42 per share, a conversion premium of about 45% over the closing price of $117.53 on The New York Stock Exchange on March 1, 2021.

Reuters | |

Instacart has more than doubled its valuation in less than six months to $39 billion with a $265 million fundraising round from existing investors, as the grocery delivery company benefits from a surge in online orders during the COVID-19 pandemic.

The San Francisco start-up, whose transaction volumes surged sixfold last year as doorstep delivery boomed during lockdowns, said on Tuesday it plans to use part of the new funds to increase its corporate headcount by an...

Kimberly Redmond | |

While entertainment venues continue to struggle due to the ongoing effects of the COVID-19 crisis, AMC Entertainment Holdings Inc has found a way to keep its theater chain afloat for a little while longer.

On Monday, the world’s largest theater chain announced that it raised $917 million in new equity and debt capital, funding that will allow the chain to keep functioning throughout most of 2021 and hopefully give theaters time to fully reopen.