Tag: IPO

Uber plans to kick off IPO in April

(Reuters) — Ride-hailing company Uber is planning to kick off its initial public offering in April, putting it close on the heels of smaller rival Lyft, people familiar with the matter said on Thursday. Next month, Uber will issue its required public disclosure, known as an S-1, and launch its investor roadshow, the people said. […]

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Uber and Lyft plan to offer some drivers shares in their IPOs

(Reuters) — Uber and Lyft plan to offer cash bonuses to some of their most active drivers with the option to purchase shares in the ride-hailing firms’ highly anticipated Wall Street debuts, a bold effort to improve driver relations as the companies transition to the public markets. Both programs will […]

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Lyft files for an IPO ahead of rival Uber

(Reuters) — Ride-hailing company Lyft on Thursday filed with the U.S. Securities and Exchange Commission for an initial public offering, ending months of speculation about the timing of its much-awaited market debut. The company, which was last valued at about $15 billion, did not specify the number of shares it […]

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Snap reveals U.S. subpoenas over 2017 IPO disclosures

(Reuters) — The U.S. Justice Department and Securities and Exchange Commission have subpoenaed Snap for information about its March 2017 initial public offering, the social media app maker told Reuters on Tuesday. Snap said in a statement it has responded to the government subpoenas and other requests for information. The […]

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China’s Pinduoduo prices U.S. IPO at top of range, raises $1.6 billion: sources

HONG KONG (Reuters/IFR) – Chinese online group discounter Pinduoduo Inc (PDD.O) priced its U.S. initial public offering (IPO) at $19 per American depositary share (ADS), raising $1.63 billion in the second-biggest U.S. float by a Chinese firm this year, according to three people familiar with the situation. FILE PHOTO: The logo of Chinese online group […]

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China’s Pinduoduo raises $1.6 billion in range-topping U.S. IPO: sources

HONG KONG (Reuters/IFR) – Chinese online group discounter Pinduoduo Inc (PDD.O) priced its U.S. initial public offering (IPO) at $19 per American depositary share (ADS), raising $1.63 billion in the second-biggest U.S. float by a Chinese firm this year, according to two people familiar with the situation. The Pinduoduo logo is seen in this illustration […]

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Eventbrite is reportedly going public in the second half of this year

Eventbrite, the 12-year-old, San Francisco-based event-planning company, has filed an initial public offering confidentially with the SEC and plans to go public later this year, according to a new report in the WSJ. The company’s lead underwriters are Goldman Sachs and JPMorgan Chase & Co., it says. The offering must seem a long time in […]

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Public shareholders got high today on Tilray, the first marijuana company to IPO on Nasdaq

Tilray, a five-year-old, British Columbia-based medical cannabis company that sells its products to patients, researchers, pharmacies and even governments, saw its shares get high (sorry) on the Nasdaq today, after the company priced 9 million shares at $17 apiece and watched them soar, closing at $22.39, a jump of slightly more than 32 percent. The […]

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Tech IPOs remain ‘white-hot’ in Q2 thanks to Spotify, DocuSign, Pivotal Software

After years in the doldrums, initial public offerings by tech startups seem to be on a roll, offering hope that at least some of industry’s overpriced unicorns might be able to exit at something close to their private valuations. According to the latest quarterly review of the IPO market from Renaissance Capital, there were 18 […]

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Adyen’s IPO starts strong as stock soars 70% valuing Dutch fintech company at $14 billion

Netherlands-based Adyen’s IPO got an enthusiastic reception from investors Wednesday as its stock surged 70 percent on the first day of trading. The company had priced its stock at €240 ($281) per share on Tuesday, giving the company a valuation of $8.4 billion. When trading began on Euronext today, the price rose to €400 ($470). […]

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Adyen CEO tells employees in email that $8.4 billion IPO will ‘put us on a larger stage’

On the eve of Adyen’s IPO, the CEO told employees in an email that what may be one of Europe’s largest public offerings this year will be just another day at the office for the fintech company. “We won’t be ringing the bell – or sounding the gong – tomorrow. While it’s definitely important to […]

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Screems is combining a 19th-century engine with blockchain technology for low-cost electricity

It isn’t often that someone comes along with a new technology for electricity. And while there’s nothing new about the underlying mechanism being used within Screems’ devices, there is something bleeding-edge about its approach. Today, Screems has announced that its Major Appliance Power Station (MAPS) will be paired with blockchain technology to provide fuel-less, low-cost electricity […]

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