Spotify files to go public, BloomThat gets acquired and MoneyGram’s sale to Alibaba got blocked by the U.S. government. All this on Crunch Report. Read More
Category: IPO
Spotify files to go public
Spotify has filed confidentially to go public, sources told Dan Primack at Axios. He learned that the music streaming company filed with the SEC at the end of December. The timing is consistent with what we are hearing. Sources told us that they’ve been targeting a debut for the first quarter of this year. Read More
A look back at Uber’s hellish year
We endured plenty of the drama Uber packed in for every five-hundred twenty-five thousand six hundred minutes of 2017 — and what a year! From protests to a major sexual harassment probe, the ousting of co-founder and CEO Travis Kalanick, the crowning of new CEO Dara Khosrowshahi, the promising hints of that long-awaited IPO and an on-going lawsuit with Google over self-driving cars.… Read More
Pinterest adds former CBS Corp. CFO Fred Reynolds to its board
Pinterest announced today it’s adding former CBS and PepsiCo exec Fred Reynolds to its board of directors. Reynolds’ background includes global financial and strategic planning as well as business analysis, the company notes. He will also serve as Pinterest’s Audit Committee Chair. Prior to joining Pinterest’s board, Reynolds spent 15 years at CBS and… Read More
Former Nike CFO Don Blair joins Dropbox’s board of directors
As Dropbox continues its inevitable march toward an IPO, it’s going to look to bring in people with a lot of experience handling the operations of larger public companies — and it’s getting one today. Dropbox today said it is adding former Nike CFO Don Blair to the company’s board of directors. Blair will be joining the audit committee, the company said, and comes in with… Read More
Squarespace reportedly raises about $200 million at a $1.7 billion valuation
Squarespace, the 14-year-old platform that makes it easy for essentially anyone to build their own website, is raising about $200 million from General Atlantic, valuing the company at a $1.7 billion valuation, Bloomberg reports. The plan with the funding is to buy stock from early employees and investors, giving them a way to cash out if they’re not trying to wait around for an… Read More
The rise of SPACs
Every few years efforts to redefine the IPO emerge, and as night follows day, investors get hurt and calls for tighter regulatory reform echo in legislative chambers and cable TV studios. The last significant “re-invention” emerged in the height of the dot-com boom when online brokers started selling newly issued shares directly to retail customers. We all know how that ended. Read More
What is an IPO pop and why do VCs hate it so much?
Over the weekend, several VCs tweeted that my headline recapping Stitch Fix’s first day of trading was too harsh. The headline read, “Stitch Fix up just 1% on first day of trading, after reducing size of IPO.” I didn’t say it “fumbled” or label it as “weak” and “disappointing” like many other media publications, but that would… Read More
Stitch Fix’s IPO was… fine. It was fine.
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Stitch Fix debuted on the stock market on Friday, and while things didn’t go quite as well as expected, they still went pretty smoothly.
The clothing and personal styling subscription service raised $120 million in its initial public offering—making the transition from venture-funded startup to publicly traded on Wall Street—with an opening price of $16.90 a share. In its filing with the Securities and Exchange Commission in October, Stitch Fix expected a price between $18 and $20. Then Thursday night, the company downgraded expectations to $15 a share before opening a little higher Friday. The company sold 8 million shares, another downsizing from its previous 10 million target. Read more…
More about Ipo, Stock Market, Wall Street, Women In Business, and Women In Tech
Gaming firm Razer surges 41% following Hong Kong IPO
Razer has continued a winning streak of IPOs from Asian companies after its share price closed 41 percent up on its first day of trading on the Hong Kong Stock Exchange. The company, which makes accessories for PC gamers, laptops and is preparing to sell its first smartphone, raised $529 million from the sale of 1,063,600,000 shares. After deductions, Razer estimated its take-home to be… Read More
Twilio competitor Bandwidth up 6% following IPO
Bandwidth, a company that helps businesses with voice and text communication, debuted on the Nasdaq on Friday, going up about 6 percent on its first day of trading. After pricing its IPO at the bottom of the expected range at $20 per share, the company closed Friday at $21.19, or up about 6 percent. Read More
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Credits
Written by: MRD
Hosted by: MRD
Filmed by: Joe Zolnoski
Edited by: Joe Zolnoski Read More