From: zerohedge Rivian CEO Warns Of Coming EV Battery Supply Shortage | ZeroHedge Rivian’s CEO is warning about a forthcoming shortage of battery supplies and says the forthcoming challenge from such a shortage would be more profound for the industry than the current semiconductor shortage. EV companies are in the midst of trying to scramble[…]
From: nypost Bolt valuation tanks after founder slams Silicon Valley ‘mob bosses’ A multibillion-dollar tech startup whose founder made waves earlier this year when he compared Silicon Valley to a “boys’ club” full of “mob bosses” has since seen its valuation in the secondary market crumble, The Post has learned. San Francisco-based Bolt, which makes[…]
By Val Kennedy Hydroponic and vertical farming company Edible Garden (EDBL) has set terms for its proposed $14.7M initial public offering. The company said in a filing that it plans to offer 2.1M units priced between $6 and $8 per unit. Each unit will consist of one share plus one warrant to buy one share at[…]
By Joshua Fineman, Intel (NASDAQ:INTC) is said to hire banks to prepare for an IPO of its Mobileye self-driving car unit. Intel has hired Goldman Sachs and Morgan Stanley for the IPO of Mobileye, according to a Reuters report. Intel said last month that its autonomous driving unit, Mobileye, confidentially submitted its draft registration statement with the Securities[…]
By Val Kennedy, Canadian gold miner Austin Gold (AUST) has filed to raise $13.2M through an initial public offering on the US market. Austin Gold said in a filing that it plans to offer 3.3M shares priced at $4 per share. Underwriters will be granted a 30-day option to buy up to 490K additional shares at[…]
From CNBC: Joseph Lubin, co-founder of Ethereum. Adam Jeffery | CNBC Blockchain start-up ConsenSys has raised $450 million in a new round of funding that more than doubles its valuation to $7 billion. The cash injection was led by ParaFi Capital, ConsenSys said Tuesday, with Microsoft, Japan’s SoftBank and Singapore’s Temasek also joining as new investors in[…]
By Val Kennedy, Legendary piano maker Steinway Musical Instruments (STWY) has filed to hold an initial public offering. The musical instruments manufacturer didn’t disclose the size and pricing of the deal in its filing. Shares will be offered by existing stockholders and Steinway will not receive any of the proceeds. Steinway plans to list its shares[…]
By Renaissance Capital, Excelerate Energy, which operates LNG storage and regasification infrastructure in emerging markets, raised $384 million by offering 16 million shares at $24, the high end of the range of $21 to $24. Excelerate Energy plans to list on the NYSE under the symbol EE. Barclays, J.P. Morgan, Morgan Stanley, and Wells Fargo Securities[…]
From CNBC Sept 2021: Varo Bank has more than tripled its valuation after gaining a national banking charter last year, CNBC has learned. The company is set to announce Thursday that it raised $510 million in a Series E round led by hedge fund Lone Pine Capital and including dozens of new and existing investors. The[…]
By Renaissance Capital, Genius Group, which provides online and in-person entrepreneur education services, raised $20 million by offering 3.3 million shares at $6, the high end of the range of $5 to $6. The company originally planned to raise $40 million by offering 7.3 million shares at that range, before cutting the share offering by[…]