Late Stage Mature Pre IPO Unicorns - PreIPOSwap.com

Social Finance SoFi a new type of financial services firm

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[…]

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SNOW Flakes After Record Software IPO

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[…]

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JPMorgan builds a new team to trade pre-IPO giants – CNBC

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.[…]

LevelX levels the playing field for investors

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. […]

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What will a Wish IPO look like? We may know soon

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.[…]

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Competitive mobile game maker Skillz will do a quick IPO at $3.5 billion valuation

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[…]

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