AI
Reddit shares soar 38% in market debut
Reddit’s shares jumped in their debut, signaling that investor appetite for IPOs of promising yet loss-making companies could be returning.
$150 billion
Elon Musk denies report of potential Starlink IPO in 2024
Elon Musk denied a report that his rocket company SpaceX was discussing an IPO for its satellite internet business, Starlink.
Beijing
TikTok owner ByteDance offers to buy back shares from staff at $160 apiece
China’s ByteDance, the parent of short video app TikTok, is offering to buy back shares from its employees outside the United States.