Tag: Corporate Changes

Saks e-commerce unit looks to go public at valuation near $6 billion

The fast-growing e-commerce business of luxury retailer Saks Fifth Avenue is aiming to go public soon at a valuation roughly triple what it was pegged at earlier this year, in a sign of the boom times for online department-store sales. Saks is interviewing potential underwriters this week for an initial public offering that could take […]

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A bunch of fitness companies have jumped into the IPO market this year. It’s not working out.

Has the U.S. IPO market reached peak fitness? It may have, based on Thursday’s market, which saw the latest fitness company to go public — Life Time Group Holdings — flounder in early trade, while another expected this week, iFit Health & Fitness, postponed its deal, citing adverse market conditions. Life Time Group LTH, a […]

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Tesla moving headquarters to Austin, Texas

Tesla Inc. is officially moving its headquarters to the Austin, Texas, area, Chief Executive Elon Musk told investors on Thursday. This doesn’t mean the electric vehicle-maker TSLA, +1.39% would leave California entirely, Musk said. It plans to continue to expand since its Fremont, Calif., factory has been “jammed” for some time, he said. “It’s tough […]

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