Tag: eBay

StubHub Plans Summer IPO with a Target Valuation of $16.5 Billion

Markets Ben - April 13, 2024

StubHub, the renowned U.S. online ticketing platform, is setting the stage for a summer initial public offering (IPO), aiming for a valuation of $16.5 billion, as reported by CNBC. This anticipated valuation mirrors its worth during the last round of private funding in late 2021. Over the past two years, StubHub has been strategically aligning with financial giants JPMorgan and Goldman Sachs for the planned IPO.

FinTech Giant Wise Accidentally Facilitates Withdrawal for Sanctioned Individual! CEO Goes On Parental Leave!

Compliance tamir - September 2, 2023

Amidst the complexities of global sanctions and the dynamics of financial technology, Wise, a UK-based fintech leader, finds itself entangled in an incident of inadvertent sanctions breach. An individual listed on the Russian sanctions roster was unexpectedly allowed to withdraw £250 ($316.63) from a Wise business account, as revealed by the Office of Financial Sanctions Implementation (OFSI), a regulatory arm of the UK government.

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