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Robinhood Targets $35 Billion Valuation In Upcoming IPO, Offers Users Early Access
From Zero Hedge: Update (1234ET): As expected, Robinhood will offer its users allotments of its shares at the IPO price via its “IPO Access” program. It’s only fitting that the discount brokerage that drew millions of traders back into the market will rely on retail buying to juice its shares out of the gate. Who else[…]
Robinhood IPO Filing Highlights: Citadel Dominates, 34% Of Q1 Crypto Revenue Was From Dogecoin And Much More…
From Zero Hedge: As was reported previously, Robinhood Markets – which is rushing to preempt any more fiascos and market crashes and go public as quickly as possible – has filed for an Initial Public Offering listing on the Nasdaq with the ticker HOOD (S1 filing here) and will use Goldman, Citi, JPMorgan and Barclays;[…]
In Alarming Escalation, Beijing Blocks Didi App From Stores Two Days After Blockbuster IPO
from ZH One day ahead of this week’s blockbuster DIDI IPO in which the Chinese Uber sold at the top of its $13-14 range, broke for trading at $16.75 then tumbled only to rebound on Thursday, we warned readers that this is one they want to stay away from as a result of Beijing’s aggressive intervention in[…]
Oh No You DIDIn’t!! Chinese Ride-Sharing Firm Crashes Back Near IPO Price
from ZH DIDI just crashed back to within pennies of its IPO price… We appear to have where the underwriters were waiting. * * * Didi raised about $4.4 billion in its initial public offering Tuesday after pricing shares at $14 apiece, making it the biggest IPO haul for a Chinese company since Alibaba Group Holding[…]
Several Observations Ahead Of Didi’s Massive IPO Tonight
from ZH With the Didi Chuxing US IPO set to price tonight at the top of its $13-$14 share range (the IPO was covered multiple times early on the first day of the bookbuild last week and the investor books were closed on Monday, one day ahead of schedule), below we present two observations ahead of what[…]
Addepar Valued at $2.17 Billion as Investors Bet on Wealth-Management Tech
From wsj The company, which makes software to track investment performance, has raised $150 million from D1 Capital Partners Addepar CEO Eric Poirier said turbulent markets have helped spur the company’s growth. Wealth-management software provider Addepar Inc. more than doubled its valuation to $2.17 billion from seven months ago in its latest funding round, the[…]
Wallet provider Ledger raises $380M to welcome DeFi ecosystem
from cointelegraph Following a dramatic increase in its revenues in the first quarter, the cryptocurrency security and infrastructure company Ledger completed a new fundraising round led by 10T Holdings. Known for its Ledger Nano S and Nano X hardware wallets, Ledger announced the completion of a $380-million Series C fundraising round, which gave the company a valuation[…]
Marqeta begins a new journey as a public company
from marqeta Today represents an exciting milestone for our company and our mission to be the global standard for modern card issuing. In 2010, Marqeta’s Founder & CEO, Jason Gardner, set out to simplify the complex and change what’s possible with commercial and consumer card programs. Throughout this journey, our open API platform has empowered[…]
Chinese ride-hailing company Didi files for IPO with something U.S. rivals haven’t offered: profit
From MW nt company’s name, Xiaoju Kuaizhi Inc. — did reveal in Thursday’s filing that it turned a profit in the first quarter after years of large losses, with financial records showing GAAP net income of 5.49 billion rembini ($837 million) on revenue of RMB 42.16 billion ($6.44 billion), up from a loss of RMB 3.97 billion on[…]
DoD Invests In “Rocket Cargo” To Deliver Weapons Anywhere On Earth In 1 Hour
from ZH Ars Technica points out that deep within the Department of Defense Fiscal Year (FY) 2022 Budget Estimates, a 462-page book, there is a section about the Air Force leveraging rocket technology to deliver massive amounts of advanced weaponry and military cargo to anywhere in the world within a short notice. “The Department of the Air Force[…]
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