From Forbes December 2018: The company, which is headquartered in New York City and offers custom spaces to firms of 50 or more employees, more than tripled its global footprint this year. KNOTEL Flexible work-space provider Knotel is having a productive end of the year in New York City. It signed nine leases in Manhattan in the last[…]
From Zero Hedge 6/8/2019: John Arrillaga and Richard Peery have made a name for themselves as the “Bill Hewlett and Dave Packard of Silicon Valley real estate,” according to Bloomberg. Despite the fact that they are little known outside of the Bay Area, the duo has been helping build Silicon Valley, as the region’s premier developers, for[…]
From Crunchbase 5/12/2019: Indian online grocer BigBasket has raised $150 million in a Series F that values the company at over $1 billion, according to various news reports. A group of investors, including South Korea-based Mirae-Naver and China’s Alibaba Group, led the round, which also included participation from London-based CDC Group. (We’ve put in an email to the company to confirm its[…]
Pre IPO Swap 5/5/2019 – (New York, NY) — With Lyft, Uber, Pinterest and others going live, we’re now looking further down the line to companies that are still some time away. Today we’ve added Cabify and Go Jek both non-US offerings in a similar space. But when we say ‘similar’ it means exactly that[…]
From Zero Hedge 4/26/2019: Joining a deluge of private unicorns such as Lyft, Pinterest, and Uber rushing to access public capital markets while the S&P remains at all time highs, on Friday morning Slack Technologies became the latest Silicon Valley darling to go public, or rather “public”, because unlike most of its peers, instead of filing[…]
From the Atlantic: Here’s a deeply strange thing about Uber, which publicly filed for its IPO today: The company has lost $10 billion from operations, just since 2016, and while riders have paid $79.4 billion for rides, many drivers attest that they can barely scrape together a living. So no part of the operation is a[…]
From Wikipedia: Initial public offering (IPO) or stock market launch is a type of public offering in which shares of a company are sold to institutional investors[1] and usually also retail (individual) investors; an IPO is underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as floating, or going public,[…]
From CNBC: Jim Cramer says the highly-anticipated IPO could open as high as $100 a share. Lyft increased its expected IPO share price range to between $70 and $72 per share from between $62 and $68, and Cramer expected the price to go up to $75. The successful event will turn the spotlight back on the[…]
From Washington Post March 26, 2019: The Army has chosen Palantir Technologies to deploy a complex battlefield intelligence system for soldiers, according to Army documents, a significant boost for a company that has attracted a devoted following in national security circles but had struggled to win a major defense contract. Industry experts said it marked[…]
From Tech Crunch July 2018: Airbnb, the accommodation rental business, has been building up a larger profile as a travel services powerhouse to fill out its $31 billion valuation, and now it’s putting some pieces in place inside the company — specifically aimed at employee compensation — to prepare for the next phase of its growth, which could include going public as[…]