An Alibaba affiliate would become the largest public offering for sale in history, according to Jack Ma



Jack Ma holding a phone


© Depositphotos.com


  • The company expects to raise $ 34.5 billion.
  • Alibaba’s fintech would achieve a value of 310 billion dollars.

Ant Group , a fintech company, a subsidiary of Alibaba , plans to raise more than $ 34 billion jointly on its listing on the Shanghai and Hong Kong stock exchanges. This fact would make it the largest public offering for sale in history.

“This is the first time that the price of such a large list, the largest in human history, has been determined outside of New York City,” said Alibaba founder Jack Ma, according to The Washington. Post.



graphical user interface, application


© Provided by Entrepreneur


Image: Depositphotos.com

The company expects to raise 34.5 billion dollars, and if this goes through, its IPO would exceed the public offer for the sale of Saudi Arabia’s state oil company, Saudi Aramco, which was 29.4 billion dollars.

Likewise, Alibaba’s fintech would achieve a value of

Read More

Marin might help public housing residents buy homes

Low-income residents in Marin City could receive assistance in achieving homeownership from the Marin Housing Authority under a new strategy under consideration.

Marin County Housing Authority director Lewis Jordan briefed county supervisors on the strategy on Oct. 20 while updating them on the efforts to rehabilitate Golden Gate Village, the 59-year-old public housing complex in Marin City.

Jordan told supervisors that his staff is working on programs that “will lead to or increase home ownership opportunities for those tenants who live in Golden Gate Village.”

The plan that he and deputy director Kimberly Carroll previewed on Tuesday would provide a path for residents in public housing to pursue homeownership, or move out of public housing, using a federal Section 8 voucher.

Holders of Section 8 vouchers pay about 30% of their rent and the federal government pays the rest. However, Carroll said, the vouchers can also be used as mortgage

Read More

More PSUs for sale; NITI Aayog starts work to identify public sector enterprises



a sign on the side of a building: More PSUs for sale; NITI Aayog starts work to identify public sector enterprises


© India Today Group
More PSUs for sale; NITI Aayog starts work to identify public sector enterprises

NITI Aayog has started groundwork to select the next batch of public sector enterprises for strategic sale and disinvestment. Different ministries would recommend names of the public enterprises that can be considered for sale.

A preliminary meeting would be held at NITI Aayog on Monday to identify more companies, according to a report in The Economic Times. A person in the know said that meeting would be held to assess which companies and assets are non-strategic in nature and can be pushed for sale in the next round.

The government could opt for strategic deal, disinvestments with sale of minority stake, monetisation of certain assets or even share buyback. The details will be worked out later, the daily said.

The government plans to completely exit non-strategic sectors through privatisation or strategic disinvestment. It

Read More

BMC contractor stabbed to death, body found near public toilet



a group of people in front of a large building: Brihanmumbai Municipal Corporation. File pic


© Provided by Mid-Day
Brihanmumbai Municipal Corporation. File pic

The Mumbai Police on Tuesday booked unknown persons for allegedly stabbing a 45-year-old Brihanmumbai Municipal Corporation (BMC) contractor to death. Police officials said the contractor’s body was found near a public toilet in Khar.

Also Read: Man creates fake FB profiles, dupes people on pretext of emergency

According to a report in Hindustan Times, the victim, identified as Tajel Abdul Shaikh, stayed in Khar (East) with his wife and son. The BMC had assigned him a contract of public toilet maintenance. Shaikh was missing since Sunday night and his family was searching for him, a police officer said.

Loading...

Load Error

On Monday evening, Nirmal Nagar police received a call from a person who informed them about a body lying near a public toilet at JP Road in Khar. A police team reached the spot and ascertained the identity of

Read More

Mumbai: 45-year-old BMC contractor stabbed to death, body found near public toilet in Khar

The Mumbai Police on Tuesday booked unknown persons for allegedly stabbing a 45-year-old Brihanmumbai Municipal Corporation (BMC) contractor to death. Police officials said the contractor’s body was found near a public toilet in Khar.

Also Read: Man creates fake FB profiles, dupes people on pretext of emergency

According to a report in Hindustan Times, the victim, identified as Tajel Abdul Shaikh, stayed in Khar (East) with his wife and son. The BMC had assigned him a contract of public toilet maintenance. Shaikh was missing since Sunday night and his family was searching for him, a police officer said.

On Monday evening, Nirmal Nagar police received a call from a person who informed them about a body lying near a public toilet at JP Road in Khar. A police team reached the spot and ascertained the identity of the victim.

“Police then rushed him to Bhabha Hospital where he

Read More

Significant increase in opioid deaths this year: Toronto Public Health

Toronto Public Health reports that 132 people died of suspected opioid overdoses between April 1 and Sept. 30 this year, more than double the number reported for the same period in 2019.

“Across Canada, the combination of reduced health services during COVID, and an extremely tainted drug supply have created an accelerating overdose crisis,” said Joe Cressy, chair of Toronto Public Health and City councillor.

The month of September saw record high cases.

Twenty-seven deaths were reported, the highest number recorded in a month since this data has been monitored, according to a press release.

Paramedics responded to total of 383 fatal and non-fatal opioid overdose-related calls in the same month, the highest number of monthly calls reported for the year.

Dr. Rita Shahin, an associate medical officer of Health and TPH spokesperson, says the overdose emergency continues to be an urgent health issue in Toronto, espeically during COVID.

“We

Read More

Kamala Harris: Faith Values Bind Us Together, Joe Biden Will Restore Them in Our Public Life

Carolyn Kaster, Associated Press/Deseret News

Editor’s note: The Deseret News has invited both vice presidential candidates, Sen. Kamala Harris and Vice President Mike Pence, to speak directly to Utahns and the nation in this forum. To read exclusive commentary by Vice President Pence, click here.

When my sister Maya and I were growing up, we lived two doors down from Regina and Arthur Shelton, a wonderful couple who ran a day care and after-school program out of their home. Because our mother was raising us mostly on her own, and was still at work when we came home from school in the afternoons, we would go straight to the Sheltons’ house. Mrs. Shelton became a second mother to us. We became family to each other.

Maya and I loved singing in the children’s choir at the 23rd Avenue Church of God. On Sundays, our mother would get us dressed

Read More

Big Wins For BTS & Co. As Big Hit Entertainment Goes Public & Prices Fluctuate

South Korean company Big Hit Entertainment – best known as the home of the record-breaking septet BTS – went public on Thursday (Oct. 15), and it’s been a bit of a rollercoaster ever since with share prices soaring then dipping, but ultimately proved to be a sizable success for Big Hit. 

Going public on South Korea’s KOSPI, Big Hit issued shares for 135,000 KRW (around $115 USD) – though they ultimately opened at 270,000 KRW –, raising 962.55 billion KRW ($822 million) and valuing the company at 5.8 trillion KRW ($4.1 billion). The immense valuation resulted in the seven members of BTS, who each have over 68,000 shares in the company that Bloomberg says is now worth $8 million per each member, and their producer, Bang Si-hyuk, is now worth around $1.4 billion.

The initial immense interest, however, fluctuated

Read More

Public told: Be wary of QR codes for sale


DAVAO City Mayor Sara Duterte Carpio warned Dabawenyos not to patronize quick response (QR) codes from online sellers as these will be rolled out for free.

“Kinahanglan mag-ingat ang mga tao sa mga ingon aning QR Code for sale because dili siya ma-imbento and wala pa ta naghatag sa site nga asa mag-apply og QR Code. Wala pa pud ta naghatag og date kung kanus-a ta mag-implement sa atoang QR Code (The public needs to be wary of this QR Code for sale because it is not manually generated, and besides, we have not yet released a website where they can apply for QR Code nor the specific date for its implementation),” Duterte-Carpio said in an interview via 87.5 FM Davao City Disaster Radio on Friday, October 16.

This came after some individuals were noted selling QR codes online days after the mayor announced that the City will be

Read More

Wabasha County denies sale of farmland to Trust for Public Land

Bob McGillivray, a representative for the Trust for Public Land, gave a presentation to the board where he asked for approval of a sale of 155 acres wedged between Wabasha County Road 81 and the Zumbro River a few miles west of Kellogg and near the Richard J. Dorer Memorial Hardwood Forest.

The current owners of the land, Travis and David Schurhammer, are looking to sell the land because it floods most years. Travis Schurhammer told the board that to keep the Zumbro from running over its banks and onto their farmland would cost about $60,000 in rock and excavation.

McGillivray said the TPL wanted to buy the land from the Schurhammers then donate it to the Minnesota Department of Natural Resources. As DNR land, while it would come off the tax rolls in Wabasha County, it would earn the county $5,718.75 in payment in lieu of taxes from the

Read More