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Warning: Robinhood IPO Is One Of The Most One-Sided Casino Offerings In History

Authored by Mike Shedlock via MishTalk.com, Christopher Bloomstran compiled detailed of Robinhood in a lengthy series of Tweets that every would be Robinhood investor ought to read. Warning to Robinhood Investors I don’t follow Robinhood other than reporting the numerous problems it has had with account theft and customer service. However I know a good[…]

Robinhood Targets $35 Billion Valuation In Upcoming IPO, Offers Users Early Access

From Zero Hedge: Update (1234ET): As expected, Robinhood will offer its users allotments of its shares at the IPO price via its “IPO Access” program. It’s only fitting that the discount brokerage that drew millions of traders back into the market will rely on retail buying to juice its shares out of the gate. Who else[…]

In Alarming Escalation, Beijing Blocks Didi App From Stores Two Days After Blockbuster IPO

from ZH One day ahead of this week’s blockbuster DIDI IPO in which the Chinese Uber sold at the top of its $13-14 range, broke for trading at $16.75 then tumbled only to rebound on Thursday, we warned readers that this is one they want to stay away from as a result of Beijing’s aggressive intervention in[…]

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Oh No You DIDIn’t!! Chinese Ride-Sharing Firm Crashes Back Near IPO Price

from ZH DIDI just crashed back to within pennies of its IPO price… We appear to have where the underwriters were waiting. *  *  * Didi raised about $4.4 billion in its initial public offering Tuesday after pricing shares at $14 apiece, making it the biggest IPO haul for a Chinese company since Alibaba Group Holding[…]

Several Observations Ahead Of Didi’s Massive IPO Tonight

from ZH With the Didi Chuxing US IPO set to price tonight at the top of its $13-$14 share range (the IPO was covered multiple times early on the first day of the bookbuild last week and the investor books were closed on Monday, one day ahead of schedule), below we present two observations ahead of what[…]

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Chinese ride-hailing company Didi files for IPO with something U.S. rivals haven’t offered: profit

From MW nt company’s name, Xiaoju Kuaizhi Inc. — did reveal in Thursday’s filing that it turned a profit in the first quarter after years of large losses, with financial records showing GAAP net income of 5.49 billion rembini ($837 million) on revenue of RMB 42.16 billion ($6.44 billion), up from a loss of RMB 3.97 billion on[…]

The Briefing: Paymentus And Flywire Price IPOs, Perch Secures $775M, And More

from crunchbase Payments companies Paymentus and Flywire price IPOs The payments space is heating up further, as two companies in the sector priced U.S. IPOs for shares slated to begin trading today. Boston-based Flywire, which provides payment processing software to education, health care and technology companies, priced shares at $24, the high end of the projected[…]

How VCs are fueling wider adoption of AI

from pitchbook The recent IPO of Chinese social media giant Kuaishou demonstrates that, for some emerging large companies, AI is their core product. Global VC funding supports this software architecture with rapidly increasing deal sizes across segments, including horizontal platforms, vertical applications, autonomous machines and semiconductors. End-user spending is also poised to escalate in 2021,[…]

Procore Goes Public After Putting IPO On Hold

From crunchbase Construction tech company Procore began trading on Thursday, closing at $88, 31 percent above its IPO price. Known for its construction management software platform, Carpinteria, California-based Procore raised nearly $635 million through its IPO, selling 9.47 million shares for $67 apiece. The company had set a price range of between $60 and $65 for its[…]

The Briefing: Paymentus, Marqeta File For IPOs, AT&T Plans Spinoff, And More

From crunchbase news Paymentus files to raise up to $241.5M in IPO Bill payment platform Paymentus has filed to go public, seeking to raise up to $241.5 million, per its IPO prospectus. The Redmond, Washington-headquartered company posted revenue of $302 million in 2020, up 28 percent year over year, along with $13 million in net income.  Its largest[…]