Xiaomi filed today to go public in Hong Kong in what is expected to be the world’s biggest initial public offering since Alibaba’s $25 billion market debut in 2014. It’s the first major company to announce plans to go public in Hong Kong after its stock exchange pushed through new rules to lure tech firms.
US cable operator Comcast has made a formal £22bn bid for Sky, the owner of Sky News, in a move likely to stoke a bidding war for the company. Comcast followed through on interest it registered back in February with an offer of £12.50 per share on Wednesday morning.
Carbon Black is looking to go public this year, according to a filing with the Securities and Exchange Commission on Monday. The Waltham, Mass.-based cybersecurity company said it hopes to raise up to $100 million in an initial public offering, but that amount is usually a placeholder and is revised in future filings.
LG
LG today announced its preliminary earnings results for the first quarter of 2018.  The company reported tentative consolidated revenues for the first quarter of 2018 at KRW 15.1 trillion with an operating profit of KRW 1.1 trillion, marking the highest first quarter revenues and operating profit in the history of the company.
BlackBerry
BlackBerry announced today that it has filed its 2018 annual report on Form 40-F with the U.S. Securities and Exchange Commission (“SEC”). BlackBerry’s Form 40-F includes the company’s 2018 annual information form (“AIF”) and the management discussion and analysis (“MD&A”) and audited financial statements of the company for the fiscal year ended February 28, 2018.
Samsung Pay
Samsung announced today that Samsung Pay is now available in Italy, marking its ongoing commitment to bringing payment innovation to users around the globe. With the addition of Italy, Samsung Pay now enables users in 21 markets.