From CNBC: Jim Cramer says the highly-anticipated IPO could open as high as $100 a share. Lyft increased its expected IPO share price range to between $70 and $72 per share from between $62 and $68, and Cramer expected the price to go up to $75. The successful event will turn the spotlight back on the[…]
From Washington Post March 26, 2019: The Army has chosen Palantir Technologies to deploy a complex battlefield intelligence system for soldiers, according to Army documents, a significant boost for a company that has attracted a devoted following in national security circles but had struggled to win a major defense contract. Industry experts said it marked[…]
From Tech Crunch July 2018: Airbnb, the accommodation rental business, has been building up a larger profile as a travel services powerhouse to fill out its $31 billion valuation, and now it’s putting some pieces in place inside the company — specifically aimed at employee compensation — to prepare for the next phase of its growth, which could include going public as[…]
From the Wall Street Journal: Pinterest Inc. has sped up the timing of its initial public offering as the image-search company looks to tap into a red-hot market for new issues, according to people familiar with the matter. The startup, which submitted its IPO paperwork confidentially with the Securities and Exchange Commission earlier this year, is preparing[…]
Pre IPO Swap 3/18/2019 – New York, NY — Many investors are still asking for Uber and Lyft and unfortunately it’s too close to the date, they’re gone. Pinterest is still available, and is the only Unicorn that has filed the S1 and will likely go public. But there is also Palantir, ZocDoc, AirBnb, Hyperloop,[…]
Authored by Michael Batnick via TheIrrelevantInvestor.com, 1. Since 1916, the Dow has made new all-time highs less than 5% of all days, but over that time it’s up 25,568%. 95% of the time you’re underwater. The less you look the better off you’ll be. 2. The Dow has compounded at less than 3 basis points[…]
Pre IPO Swap – New York, NY 3/11/2019 (Zero Hedge Exclusive) The FIX is in. If someone told you they found a way to always win the lottery – probably you’d think they are full of it – but as we explain in Splitting Pennies the world doesn’t work as seen on TV. There is literally a[…]
From Zero Hedge: On Saturday, we reported about the “historic” launch of SpaceX’s Crew Dragon on the company’s Falcon 9 rocket. It was an event which NASA called “a big night for United States of America”. Now, the Crew Dragon’s subsequent task of docking with the International Space Station has also been a success, with Bloomberg’s Dana[…]
From Zero Hedge: Shortly after Uber reported that even as the company continues to grow, generating record revenue in the latest quarter, yet burning ever more cash to preserve market share and grow it business as shown by its increasingly more negative EBITDA… … on Friday, Uber’s biggest competitor Lyft finally filed its long-awaited IPO[…]