Airbnb confidentially files for U.S. IPO


Aug 19 (Reuters) - Short-term home rental company Airbnb Inc said on Wednesday it has confidentially filed for an initial public offering with the top U.S. securities regulator. (Reporting by Neha Malara in Bengaluru; Editing by Shounak Dasgupta)


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China's electric carmaker WM Motor pulls in $1.47 billion Series D

Chinese electric vehicle startup WM Motor just pocketed an outsize investment to fuel growth in a competitive landscape increasingly coveted by foreign rival Tesla. The five-year-old company raised 10 billion yuan ($1.47 billion) in a Series D round, it announced on Tuesday, which will pay for research and development, branding, marketing and expansion of sales channel. WM Motor, backed by Baidu and Tencent, is one of the highest funded EV startups in China alongside NIO, Xpeng and Li Auto, all of which have gone public in New York.

Snowflake Drops as Summit Says
Snowflake Drops as Summit Says 'Violent Selloff' Possible

(Bloomberg) -- Shares in Snowflake Inc., which have doubled since their initial public offering last week, are "at risk of a violent selloff," according to Summit Insights, which started coverage of the software firm with a sell rating.Analyst Srini Nandury set a price target of $175, implying 27% downside

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