From NBC News Oct. 3, 2019, 7:05 AM EDT By Jacob Ward and Chiara Sottile On a blazing day in the scrublands just outside Irvine, California, Brian Schimpf watched as a man walked into a distant valley wearing a long-sleeved shirt and a hat to protect against the sun. Within moments, sensors in towers on a nearby hillside[…]
From The Real Deal: Online lender Social Finance, or SoFi, is the latest SoftBank-backed startup to eye a public offering through a blank-check company. The San Francisco-based company has held talks with several special purpose acquisition companies about an IPO, reported CNBC. SoFi did not comment. CEO Anthony Noto, a former Goldman Sachs banker, has previously said that going[…]
From Crunchbase News Dec 23 2020 The U.S. Securities and Exchange Commission has approved the New York Stock Exchange’s proposal to allow companies to raise capital in a direct listing. In a direct listing, a block of shares isn’t sold to investors at a set price, as it is with a traditional IPO (you can read more about[…]
From Bloomberg: UiPath Inc., an automation software maker that could be valued at more than $20 billion, said it has filed confidentially for an initial public offering. The size and price of the offering hasn’t been determined yet, UiPath said in a statement Thursday confirming an earlier report by Bloomberg. The IPO could come in the first[…]
From Zero Hedge: With Bitcoin soaring to new record highs and institutional interest accelerating, the world’s best known cryptocurrency exchange – Coinbase Global – has announced that it has begun the process for an IPO. San Francisco-based Coinbase Global said it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission. The[…]
From Barron’s Airbnb ended up raising $3.5 billion, in one of the most anticipated initial public offerings of the year. The home-sharing network sold 51,551,723 Class A shares at $68 each, a person familiar with the situation said. This implies a market cap of $47 billion. The $68 price is above the $56 to $60 price range the[…]
From Zero Hedge: As tourism and hospitality-related industries tumble into bankruptcy one after the other as the government money runs out and revenues dry up thanks to the pandemic, Airbnb – the sharing economy pioneer that has managed to shift its focus to offering ‘staycation’-type arrangements for high-strung professionals looking to take a little break[…]
Authored by Mike Brown via Inverse.com Starlink’s beta test is requiring participants to recognize Mars as a “free planet.” It’s an unusual bit of fine print, and the implications go far beyond securing good internet on Earth. SpaceX’s internet connectivity constellation Starlink, which began forming in May 2019, has started inviting interested fans to the[…]