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[…]
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[…]
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[…]
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[…]
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[…]
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[…]
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[…]
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[…]
By Janice Bitters Turi, Online learning platform Udemy is expected to start trading on the Nasdaq Friday in an IPO that could raise more than $400 million. The San Francisco-based company expects its 14.5 million common shares to be priced between $27 and $29, targeting a valuation between $3.71 billion and about $4.05 billion, up from the $3.3 billion[…]
By Sophia Kunthara, Direct-to-consumer shoe company Allbirds’ stock closed at $28.64 on Wednesday, nearly 91 percent above its IPO price. The company raised around $303 million through its IPO after pricing its shares at $15 apiece. Allbirds set an IPO price range of between $12 and $14 per share, and the company’s stock opened Wednesday at[…]