Ride-hailing company Lyft plans to file its initial public offering in March, possibly beating rival Uber to the milestone. Two reports, one from Reuters, the other from WSJ, indicate Lyft plans to list its shares on Nasdaq next month. The WSJ, citing unnamed sources, reported Lyft may make the filing public as early as next […]
View More Lyft reportedly plans to debut on Nasdaq next monthCategory: IPO
Slack has confidentially filed to go public
Bust out your favorite party parrot: Slack has completed its first official step in the road to going public.
Slack published a blog post Monday stating that it had “confidentially submitted a draft registration statement” with the Securities and Exchange Commission (SEC). This is a form that essentially lets the SEC begin reviewing the company’s financials in advance of a stock listing. Slack has chosen to do so confidentially, which means it’s not giving just anyone a peek under its financial hood.
Slack has raised over $1 billion since its founding in 2013, according to the Wall Street Journal, and some estimate that the valuation could go for up to $7 billion. Read more…
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View More Slack has confidentially filed to go publicPinterest puts an IPO on its pinboard, hiring Goldman Sachs and JPMorgan to lead an offering this year
Pinterest, the 11-year-old, San Francisco-based site known for the photos its users post about everything from wedding to beauty to art world trends, has hired Goldman Sachs and JPMorgan Chase as lead underwriters for an IPO that it’s planning to stage later this year. Reuters first reported the news. TechCrunch sources have since confirmed the […]
View More Pinterest puts an IPO on its pinboard, hiring Goldman Sachs and JPMorgan to lead an offering this yearTechCrunch Conversations: Direct listings
Last April, Spotify surprised Wall Street bankers by choosing to go public through a direct listing process rather than through a traditional IPO. Instead of issuing new shares, the company simply sold existing shares held by insiders, employees and investors directly to the market – bypassing the roadshow process and avoiding at least some of Wall […]
View More TechCrunch Conversations: Direct listingsAhead of IPO, Airbnb achieves profitability for second year in a row
Airbnb, which is expected to go public this year, announced today a number of milestones. For starters, Airbnb says it was profitable on an EBITDA (earnings before interest, taxes, depreciation and amortization) basis for the second year in a row in 2018. In Q3 2018, Airbnb said it had its strongest quarter ever, where it […]
View More Ahead of IPO, Airbnb achieves profitability for second year in a rowUber and Lyft IPOs will make a lot of people rich. But what about the drivers?
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If ride-hailing app Uber goes public next year its valuation could hit $120 billion. Its smaller rival Lyft: $30 billion. But will drivers benefit?
Flush with cash despite years of never earning a profit, the companies will be able to do things like finally pay out employees and acquire other businesses. As the hot new IPOs, they’ll also get good publicity, which can raise the visibility of Lyft and help Uber — with new CEO Dara Khosrowshahi at the helm — gloss over past reports of harassment in the workplace, gender discrimination, and cut-throat tactics.
Outside of Uber and Lyft, would-be investors are champing at the bit. “There’s so much pent-up demand to invest in the ride-sharing businesses,” financial consultant Christopher Clapp at MorganFranklin said. They’ll be the first major companies in the sharing economy to go public, and what happens could affect the industry’s next round of IPOs, which will most likely include Airbnb. Read more…
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SoftBank Corp shares drop 14% on their first day of trading, but it’s still one of the largest IPOs ever
SoftBank Corp’s initial public offering today started with a bang before trailing off into a whimper, with the stock falling 14.5 percent during its first day of trading on the Tokyo Stock Exchange. The company is the mobile unit of conglomerate SoftBank Group, whose holdings also include Sprint and the $100 billion Vision Fund. Shares […]
View More SoftBank Corp shares drop 14% on their first day of trading, but it’s still one of the largest IPOs everLyft beats rival Uber in race to file for IPO
It’s finally happening: Ride-hailing company Lyft is taking the long-anticipated step of going public.
The company beat its rival Uber in the race to a public offering on Thursday when it filed confidential paperwork for an initial public offer…
Tencent Music moving ahead with its $1.2B U.S. stock market debut
Tencent Music Entertainment’s initial public offering is back in motion, two months after the company reportedly postponed it amid a global selloff. In a regulatory filing today, the company, China’s largest streaming music service, said it plans to offer 82 million American depositary shares (ADS), representing 164 million Class A ordinary shares, for between $13 […]
View More Tencent Music moving ahead with its $1.2B U.S. stock market debutRobinhood hires 20-year Amazon veteran to CFO role as high-flying startup eyes IPO
Robinhood, the zero-fee stock trading app and cryptocurrency exchange is bringing on a former Amazon finance exec to help the company prepare for an eventual public debut. The startup has hired Jason Warnick, a former exec at Amazon who was with the company for nearly 20 years, most recently serving as the commerce giant’s VP of […]
View More Robinhood hires 20-year Amazon veteran to CFO role as high-flying startup eyes IPOCanonical plans to raise its first outside funding as it looks to a future IPO
It’s been 14 years since Mark Shuttleworth first founded and funded Canonical and the Ubuntu project. At the time, it was mostly a Linux distribution. Today, it’s a major enterprise player that offers a variety of products and services. Throughout the years, Shuttleworth self-funded the project and never showed much interest in taking outside money. […]
View More Canonical plans to raise its first outside funding as it looks to a future IPOCanonical’s Mark Shuttleworth says he has no plans to sell anytime soon
After IBM announced its plans to acquire Red Hat for $34 billion, pundits quickly started speculating about when Red Hat competitors like Suse and Canonical would sell, as well. Canonical founder Mark Shuttleworth, though, doesn’t seem to have any interest in selling — at least for the time being. “I value my independence,” he told […]
View More Canonical’s Mark Shuttleworth says he has no plans to sell anytime soon