Business

Israeli drone weapons maker UVision eyes $4B Nasdaq IPO

Aharon Frankel’s loitering munitions maker is expected to publish a prospectus in July ahead of a Nasdaq IPO, after Israeli institutions balked at its valuation; UVision is seeking to raise $500 million to $1 billion

1 min read
Israeli drone weapons maker UVision eyes $4B Nasdaq IPO

Israeli defense company UVision Air, controlled by businessman Aharon Frankel, is moving to the next stage of its planned initial public offering on Nasdaq, with a target valuation of $3.5 billion to $4 billion.
The company is expected to publish a p

make_travel_
make_travel_
Share

Related Posts

Business The great AI reckoning: how China is flipping the script on US’ new industrial revolution
make_travel_
make_travel_ ·

The great AI reckoning: how China is flipping the script on US’ new industrial revolution

From EVs to robotics, China’s advancement in cutting-edge tech has seen it shake off the West’s long-standing belief in US exceptionalism.

1 min read
Business How BTS-fueled ube craze in Korea tests Philippine supply limits
make_travel_
make_travel_ ·

How BTS-fueled ube craze in Korea tests Philippine supply limits

Korea’s fast-growing ube dessert trend is running into a supply squeeze as Philippine purple yam production falls and global demand surges. Cafes, bakeries and convenience stores in Seoul are feeling pressure from the tightening ube supply chain.

1 min read
Business Ford Hiring 350 Engineers After AI Failed Shows Human Value In AI Era
make_travel_
make_travel_ ·

Ford Hiring 350 Engineers After AI Failed Shows Human Value In AI Era

Ford rehired 350 engineers after AI systems failed to maintain quality. The decision is attributed to lead in JD Power's ranking for the first time in 16 years.

1 min read
Business buying frenzy drives Dow Jones to record high
make_travel_
make_travel_ ·

buying frenzy drives Dow Jones to record high

The Australian share market eases slightly in early trade, even as an AI stock-led rally boosted the Dow Jones to a record high for a second straight day. Follow live.

1 min read