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Israel’s WalkMe Stock Price Falls On First Day Of Trading
By Sophia Kunthara, Digital adoption platform WalkMe closed at $28.81 on Wednesday, 7 percent below its IPO price. The Israel-based company raised $287 million through its IPO after pricing its shares at $31, the middle of the $29 to $32 price range it had set. At its IPO price, the company reached a valuation of $2.5[…]
With Cue Health IPO On Tap, Other Startups With COVID Tests Are Also Scaling
By Joanna Glasner, Ever since COVID-19 began its global spread, startups have been working on ways to provide more accurate, convenient, or lower-priced tests to detect the virus. Now that several have reached scale, they’re looking to take their offerings to the public markets. In the past week, two upstart test providers have advanced plans[…]
Inside Didi’s Massive IPO Filing
By Sophia Kunthara, Chinese ride-hailing company Didi Chuxing has filed to go public in the United States. Didi is more or less the Uber of China. In fact, the company bought Uber’s operations in China back in 2016. And now it’s looking to go public in a deal that could value it at more than $70 billion, according to The Wall[…]
Sweetgreen Hopes A Healthy Helping Of Tech Will Bring Profitability After IPO
By Janice Bitters Turi, Salad-slinging restaurant chain Sweetgreen is set to start trading on the New York Stock Exchange Thursday, following an IPO that company leaders hope will price between $23 and $25 per share, valuing the startup at about $2.7 billion. The Washington, D.C.-based company, which was founded in 2007, has 140 stores in 13 states, where it[…]
Warby Parker Stock Pops In Direct Listing
By Sophia Kunthara, Warby Parker’s stock price popped 35 percent on its first day of trading, opening at $54.05 on Wednesday. The eyeglass company went public through a direct listing on the New York Stock Exchange, the second major direct listing this week (following Amplitude). The company had set a reference price of $40. As a private[…]
AppLovin Stock Slumps On First Day Of Trading
By Sophia kunthara, Mobile tech company AppLovin’s stock closed at $65.20 on its first day of trading, nearly 19 percent below its IPO price. The company’s stock opened at $70 on Thursday, around 13 percent below its IPO price of $80. AppLovin raised $2 billion through its IPO and was valued at more than $28 billion[…]
Expensify Files S-1 As IPO Market For Enterprise Tech Heats Up
By Chris Metinko, Expense management platform Expensify officially filed its S-1 late Friday, joining the parade of enterprise tech companies going public this year. The Portland-based company aims to follow enterprise-facing tech companies like WalkMe, Sprinklr, Confluent and others, which have all gone public in the last several months. Just last week, San Francisco-based DevOps platform GitLab saw its shares spike nearly 35[…]
Rent the Runway Stock Closes Below IPO Price On First Day Of Trading
By Sophia Kunthara, Shares of clothing rental company Rent the Runway ended their first day of trading below the company’s IPO price, closing at $19.29. Rent the Runway’s first day as a public company started off strong. Its stock opened nearly 10 percent above its IPO price on Wednesday, as the New York-based startup began trading[…]
VCs Will Spend Billions More To Make The Metaverse A Reality
By Sophia Kunthara, Almost three decades since sci-fi author Neal Stephenson coined the phrase, the metaverse is moving closer to reality. But despite well over $10 billion in venture funding going toward the concept already this year and high-profile bets by Big Tech players, those in the industry say much more capital is poised to[…]
Rivian Charges On To Wall Street As Largest IPO Of The Year
By Sophia Kunthara, Electric vehicle maker Rivian closed out its first day of trading at 29 percent above its initial public offering price, after an upsized IPO. The company raised around $12 billion through its IPO after pricing its shares at $78 apiece, above its previously stated range of between $72 and $74. Rivian’s IPO is the[…]
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