IPOs

SoftBank Group Corp.'s Japanese mobile subsidiary has begun trading in one of the world's biggest share offerings rivaling that of China's Alibaba Group.

Shares in Chinese streaming music giant Tencent Music Entertainment are up 7 percent to $13.90 in afternoon trading Thursday, their first day of trade The company's initial public offering of 82 million shares was priced at $13 a share and is expected to raise between $1.07 billion and $1.23 billion.

Shares opened 8.5 percent above their initial public offering price.

Tencent Music will trade today on the New York Stock Exchange under the symbol "TME"

The IPO comes on the heels of an embarrassing massive service outage last week.

SoftBank Group Corp. says the price for the initial public offering of its Japanese mobile subsidiary has been set at 1,500 yen ($13) a share.

Ride-hailing companies file IPO paperwork, extending their rivalry beyond customers and drivers

These are the top five biggest IPOs in history.

Details about the IPO were not immediately known.

Ride-hailing giant Uber has filed confidential preliminary paperwork for selling stock to the public.

Ride-hailing company Lyft said Thursday it filed paperwork for a proposed initial public offering (IPO) of its common stock.

Snap Inc. has received federal subpoenas related to a class-action lawsuit stemming from its 2017 initial public offering.

Uber's net loss widened by $177 million in the third quarter as the ride-hailing giant continued to invest ahead of a planned public stock offering next year.

The company is reportedly seeking to go public at a $5 billion valuation.

Investors allege that Snap misled the public about how competition from Facebook's Instagram service had affected the company's growth.

NASCAR has submitted a non-binding offer to acquire all Class A and Class B common stock of International Speedway Corp. not already owned by the controlling shareholders of auto racing series.