Welcome!
WeWork
IPO
SoftBank pushes WeWork to postpone its contentious IPO
(Sept 10): Executives of WeWork and its largest investor, SoftBank, are discussing whether to shelve plans for an initial public offering of the money-losing co-working company, said people with knowledge of the talks.
September 10, 2019
Tong's Portfolio
Putting on a black turtleneck does not make one Steve Jobs
(Sept 2): The Walt Disney Co’s share price came under some selling pressure in recent weeks, after earnings in the latest quarter fell short of market expectations.
August 30, 2019
Global Economy
Briefs
SINGAPORE (Aug 19): “We have a history of losses and, especially if we continue to grow at an accelerated rate, we may be unable to achieve profitability at a company level… for the foreseeable future.” — Co-sharing space provider WeWork’s IPO
August 16, 2019
IPO
Why investors should avoid WeWork's upcoming IPO
SINGAPORE (July 29): The crash-and-burn IPO of Pets.com at the height of the tech bubble in February 2000 was a seminal moment in global corporate history. The online pet food retailer had chalked up a mere US$619,000 in sales in the year ahead of its IPO
July 28, 2019
Tech
Why investors should avoid WeWork's upcoming IPO
SINGAPORE (July 29): The crash-and-burn IPO of Pets.com at the height of the tech bubble in February 2000 was a seminal moment in global corporate history. The online pet food retailer had chalked up a mere US$619,000 in sales in the year ahead of its IPO
July 26, 2019
Company in the news
Office upcycle, low risk-free rates mask operational challenges for office REITs
(July 29): On July 18, CapitaLand Commercial Trust’s placement units — to raise $220 million, most likely to partially pay for Frankfurt Main Airport Center — were snapped up in less than half an hour, and pricing was tight. CCT’s acquisition of a
July 26, 2019
Company in the news
WeWork's China rival may seek up to US$200 mil US IPO
SINGAPORE (July 8): Ucommune is preparing to raise as much as US$200 million ($271 million) in a 2020 US IPO, people familiar with the matter say, a capital infusion that would help the loss-making Chinese start-up battle WeWork Cos across the world’s N
July 05, 2019
Disruption and Digitalisation
Lufthansa Innovation Hub opens in Singapore
SINGAPORE (Jan 31): Lufthansa Group, the German aviation group, has launched the first foreign office of its digitalisation and innovation unit – Lufthansa Innovation Hub (LIH) – in Singapore.
January 31, 2019
Property
CapitaLand and WeWork co-create office of the future at Funan
SINGAPORE (Dec 14): CapitaLand Mall Trust Management Limited (CMTML), the manager of CapitaLand Mall Trust (CMT) which owns Funan, announced that WeWork, the provider of collaborative workspaces, has leased 40,000 sf of space in Funan.
December 14, 2017