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[…]
From Market Watch: Ant Group, the Chinese financial-technology juggernaut, priced its initial public offering at HK$80 per share, the company said on Monday. Its shares will start trading on Nov. 5. That gives the company a market cap of HK$2.43 trillion ($310 billion), the company said. It’s also listing in Shanghai. See the filing/release: 2020102600165
From Zero Hedge: Arising out of the smoke and rubble of Nikola’s recent battle with short sellers, one electric truck company has casually made its way onto the public markets via a SPAC, making its 28 year old founder a billionaire in the process. Does it feel enough like 1999 yet? “We were fortunate on[…]
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 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[…]
From Bloomberg: Palantir Technologies Inc., the secretive big-data firm, plans to file to go public in the coming weeks and could start trading as early as the fall, according to people familiar with the matter. The Palo Alto, California-based company is preparing to register an S-1 filing confidentially with the U.S. Securities and Exchange Commission,[…]
From Zacks June 2019 Palantir Technologies is a privately-held software and services company that has taken Silicon Valley by storm since its launch back in 2004. It was founded by Peter Thiel, Nathan Gettings, Joe Lonsdale, Stephen Cohen, and Alex Karp (now CEO) with the idea of “creating the world’s best user experience for working with data, one[…]