Securities and Exchange Commission Chair Gary Gensler signaled Thursday that stricter regulation for special purpose acquisition companies to ensure that mergers of SPACs with businesses are treated more like traditional initial public offerings.
The online clothing rental service reported strong sales growth but widened losses as it spent more on marketing to grow its subscriber base. The stock market did not respond well.
The Financial Times report suggests that big tech companies that used the legal structure to list shares overseas won’t be forced to delist or restructure.
The Twitter-like microblog is the first U.S.-listed Chinese company to seek a dual listing after Didi Global’s announcement it would delist from the U.S.
The online retailer, which sends customers five items in a box, has added features that make it feel more like a traditional e-commerce retailer. Its sales results for the first quarter of the new fiscal year show that strategy may not be working for them.
The surprise move also merged the company’s mobile and consumer electronics units of the South Korean conglomerate and reduced the number of co-CEOs down to two from three.