US IPO Week Ahead: DiDi makes its billion-dollar debut in a 17 IPO week
17 IPOs are slated to raise $9.1 billion in this week, led by long-awaited Chinese ride-hailing giant $DiDi Global Inc.$.DiDi plans to raise $3.9 billion at a $67.5 billion market cap. DiDi is China’s dominant ride-hailing app, with 15 million drivers across 4,000 cities and towns. The unprofitable company saw revenue more than double in the 1Q21 as its business recovered post-pandemic.New and existing investors intend to purchase $1.3 billion of the IPO.Cybersecurity platform $SentinelOne, Inc$
Tesla Slapped With a Fine in Norway for Reducing Battery Capacities and Charging Speeds
Norway has ordered Tesla to pay 136,000 kroner each to thousands of customers in the country for issuing a software update that slowed down charging speeds, according to the local online newspaper Nettavisen.In 2019, the U.S. electric carmaker launched a software update for Tesla Model S cars produced between 2013 and 2015, resulting in dozens of complaints among Tesla owners in Norway. More specifically, the owners of these vehicles were reported to have reduced range and slower charging spee