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Citi goes to China? Citigroup is launching an funding banking unit in China, in accordance with information reviews. Sources have advised the Monetary Occasions that the unit is anticipated to open by the tip of the yr. Citi declined to remark when reached by Quick Firm. The monetary big has individually been executing on a major overhaul right here in the USA, together with layoffs late final yr. Full story.
Peloton will get social: Shares of Peloton rose virtually 14% on Thursday and have been up one other 4% in premarket buying and selling on Friday on information that it’s teaming up with TikTok. The long-suffering related health firm will provide quick fitness-themed movies and can collaborate with TikTok creators on content material. Full story.
Amer Sports activities IPO: Sports activities gear firm Amer Sports activities, maker of Wilson tennis rackets, is planing to go public, reportedly focusing on a valuation as excessive as $10 billion. Amer Sports activities filed paperwork with the Securities and Trade Fee (SEC) on Thursday and expects to checklist on the New York Inventory Trade beneath the ticker image AS. Full story.
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