UAE’s $35 Billion Egypt Deal Marks Gulf Powers’ Buying Spree
Crown jewels including resorts and a gas station chain are up for grabs. Saudi Arabia mulls purchases.
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Crown jewels including resorts and a gas station chain are up for grabs. Saudi Arabia mulls purchases.
China’s industrial companies’ profits fell in March as exports flagged and deflationary pressures persisted, suggesting the economy’s stronger-than-expected growth early this year might be tough to maintain.
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Donald Trump’s longtime personal assistant, who worked for his real estate empire for decades, told a jury that she has a “vague recollection” of seeing Stormy Daniels at Trump Tower sometime before 2015.
The delinquency rate for US small businesses climbed to a three-year high this month, reflecting the impact of rent spikes and declining revenue, according to a monthly survey.
May 25, 2018
Bloomberg News
,(Bloomberg) -- Almost three years after filing for a U.S. initial public offering, SoulCycle Inc. has officially put the brakes on its public market ambitions.
SoulCycle said Friday it has decided not to pursue an IPO “due to market conditions,” according to a filing with the Securities and Exchange Commission. While the New York-based fitness chain first detailed plans for an IPO in July 2015, less than a year later Chief Executive Officer Melanie Whelan said the listing process was “in a holding pattern.”
In its original filing, SoulCycle cited potential risk factors that could negatively impact its revenue growth and profitability, including new competitors entering the indoor cycling market that could lure away riders. The company’s classes, which take place in candelit rooms and are described as a “cardio party,” cost about $34 per session in New York City.
SoulCycle had filed to list on the New York Stock Exchange under the symbol SLCY. Goldman Sachs Group Inc., Bank of America Corp. and Citigroup Inc. were leading the IPO.
To contact the reporter on this story: Elizabeth Fournier in New York at efournier5@bloomberg.net
To contact the editors responsible for this story: Aaron Kirchfeld at akirchfeld@bloomberg.net, Michael Hytha
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