Finance chiefs these days have a range of options to lead their companies to the public markets, with each approach bringing its own set of pros and cons to consider. Bankers, executives and analysts last week offered tips on going public and a host of other issues that chief financial officers may face at the SoftBank Vision Fund’s FinConnect Summit near Los Angeles.
SoftBank Vision Fund CFO Cautions Not All Investments Will Be the Next DoorDash. Many Are Likely to Fail
SoftBank Group Corp.’s Vision Fund has poured billions of dollars into startups and later-stage companies. After recovering last year from losses related to the coronavirus pandemic, the fund suffered in recent months after Chinese regulators cracked down on a range of consumer-facing businesses that hurt SoftBank’s investments. Navneet Govil, the CFO of the Vision Fund, this week invited the finance chiefs of some portfolio companies to California.
Coty CFO Plans to Slash Cosmetic Giant’s Debt Further
Coty Inc.’s finance chief plans to slash the cosmetics giant’s debt further, a move aimed at reassuring investors that the company is on track with its turnaround.
Hershey Seeks Growth, Synergies From Pretzel Deals
Hershey Co. expects to grow its business and find some cost synergies, particularly in areas such as sourcing of ingredients and machinery, with its recent acquisitions of two snack makers, Chief Financial Officer Steve Voskuil said.
Twitter CFO Says Investing in Crypto ‘Doesn’t Make Sense Right Now’
Investing some of Twitter Inc.’s corporate cash in crypto assets such as bitcoin “doesn’t make sense right now,” Chief Financial Officer Ned Segal said in an interview Monday.
GE’s CFO Plays Key Role in Company’s Three-Way Split
General Electric Co.’s plan to split into three public companies puts its Chief Financial Officer Carolina Dybeck Happe in a core position to shape the new businesses by dividing up the conglomerate’s cash, debt and obligations such as pension liabilities.
Companies Lobby Against Democrats’ Interest-Deduction Limits
A tax provision under consideration in Congress that is designed to get multinational businesses to pay more U.S. taxes could lead companies to move borrowing and investment offshore, some corporate executives and tax professionals say.
Ford Motor Offers $2.5 Billion Green Bond to Investors
Ford Motor Co. on Monday offered a $2.5 billion unsecured green bond to investors, a first for the car maker that comes days after it launched its sustainable-financing framework and said it would buy back higher-priced debt.
Ford Offers to Buy Back Bonds as It Works to Overhaul Balance Sheet
Ford Motor Co. said it would buy back up to $5 billion in high-priced debt, a move that comes as finance chief John Lawler works to overhaul the car maker’s balance sheet and improve its credit rating.
ByteDance CFO Is Stepping Down to Focus on TikTok
TikTok owner ByteDance Ltd. said Chief Financial Officer Shou Zi Chew will step down from that role to focus on his position as chief executive of the popular video-sharing platform, a move that comes as ByteDance is reorganizing its business.