German online car retailer Mobility plans stock market float

German online car retailer Mobility plans stock market float

German online car retailer and leasing firm Mobility Holding known for the MeinAuto.de site is preparing for a stock market flotation that could value it at 1.3-1.4 billion euros ($1.6-1.7 bln), including debt, people close to the matter said. Mobility would be the...
Goldman CEO Says SPAC Explosion ‘Unsustainable’

Goldman CEO Says SPAC Explosion ‘Unsustainable’

Goldman Sachs CEO David Solomon said he doesn’t think the current special purpose acquisition company (SPAC) boom is sustainable, the Financial Times (FT) reported. Companies or investment groups create SPACs to raise money through the sale of stakes to either the...