From Zero Hedge: While many have never heard of Social Finance or SoFi, it’s valued at $8 Billion USD which puts it not exactly at the bottom of the list. Now that companies like Palantir, Airbnb, and many others have filed for IPO; investors are looking further down the line at companies like SoFi that[…]
From Zero Hedge: Update (1300ET): After soaring from its post-IPO open at $245 to $319, SNOW has erased all its post-open gains and is back below $245… * * * The much-hyped IPO of the aptly-named ‘Snowflake’ is about to make many of America’s richest even richer-erer. It sold 28 million shares Tuesday for $120 apiece, above[…]
From Seeking Alpha: JPMorgan Chase (JPM +0.7%) is putting together a new team to match sellers and buyers in the growing market for private company shares, CNBC reports, citing Chris Berthe, JPMorgan’s global co-head of cash equities trading. He’s brought in Andrew Thuhill, a senior vice president from trading platform Forge Global, to lead the new team.[…]
From Zero Hedge: COVID has created a situation where millions of people are quarantined at home. Some are under lockdown rules, others have been laid off; and some have decided it’s just better to stay at home. This has caused huge surges in business that can be done online, and one of those businesses is trading. […]
From Tech Crunch 9/2/2020 Wish, the San Francisco-based, 750-person e-commerce app that sells deeply discounted goods that you definitely don’t need but might buy anyway when priced so low — think pool floats, guinea pig harnesses, Apple Watch knockoffs — said yesterday that it has submitted a draft registration to the SEC for an IPO.[…]
From Venture Beat 9/2/2020 Skillz today announced it’s going public through a quick initial public offering process, raising an estimated $849 million in cash from investors at a $3.5 billion pre-money valuation. This valuation is 6.3 times the company’s projected revenue for 2022. The San Francisco startup launched in 2012 with a very simple proposition and[…]