Wall Street Journal

Breaking: Rivian IPO could rival value of Ford

Electric vehicle maker Rivian said it will start trading as a public company on the Nasdaq Stock Market next week under the ticker symbol RIVN at a valuation greater than $60 billion.

The news was first reported by The Wall Street Journal, which said a definitive value would be disclosed in a Securities and Exchange Commission filing expected later Monday. The publication said the value would be in the “low-$60s-billon range.”

If Rivian goes public at that valuation, it would rival current...

https://www.freightwaves.com/news/breaking-rivian-ipo-could-rival-value-of-ford

Didi: Privatization report is ‘not true’

Didi denies Wall Street Journal report it is going private

Chinese ride-hailing giant Didi (NYSE: DIDI) has denied a Wall Street Journal report Thursday morning that said the recently public company was considering a privatization plan to satisfy Chinese regulators.

Citing “people familiar with the matter,” the WSJ said the company was exploring the privatization option as a way to placate Chinese authorities that are investigating the company for antitrust violations and to satisfy investors that have lost money on the stock since the company went...

https://www.freightwaves.com/news/didi-denies-wall-street-journal-report-it-is-considering-going-private

Nikola’s hunt for hydrogen station partner stalled – WSJ

Nikola Corp. (NASDAQ: NKLA) promised investors it would name a co-developer for its hydrogen fueling stations by the end of the year. Talks have stalled because of a short seller report attacking the integrity of the company’s founder, The Wall Street Journal reported Wednesday.

The Journal report kept pressure on Nikola’s stock price. Shares were trading 10.84% lower at $25.42 intraday Wednesday. They have plummeted from their intraday high of $93.99 on June 8, a few days after going public in...

https://www.freightwaves.com/news/embattled-nikolas-hunt-for-hydrogen-station-partner-stalled-wsj

Infrastructure investment firms reportedly eye Kansas City Southern

A photograph of a Kansas City Southern train traveling through an open field.

Two major infrastructure investment firms, Global Infrastructure Partners and the Blackstone Group’s infrastructure segment, are mulling over whether to attempt to acquire U.S. Class I railroad Kansas City Southern (NYSE: KSU), according to an article in the Wall Street Journal (WSJ).

The article said the two firms are considering an acquisition and talking with banks about the prospect, according to the article. But the firms haven’t decided their course of action, and Kansas City Southern...

https://s29755.pcdn.co/news/infrastructure-investment-firms-reportedly-eye-kansas-city-southern