Saudi Arabia Preparing New ‘Wave’ of Private Sports Investment

Saudi Arabia Preparing New ‘Wave’ of Private Sports Investment

Saudi Arabia expects a fresh injection of private capital into its local football clubs as it works to open up to investors. “We expect to have another wave of privatization coming up soon,” Vice Minister of Sport Bader Alkadi said at Bloomberg Power Players Jeddah, powered by Asharq. “That gives us opportunity to make the … Read more

Instacart Files for IPO, Will List on Nasdaq With Ticker CART

Instacart Files for IPO, Will List on Nasdaq With Ticker CART

Instacart joined chip designer Arm Holdings Ltd. in moving ahead with an initial public offering, adding momentum to a return of high-profile listings. The largest US online grocery delivery company disclosed in its filing Friday with the US Securities and Exchange Commission that PepsiCo Inc. will buy $175 million in preferred convertible stock. The San … Read more