African e-commerce startup Jumia files for IPO on NYSE

Pan-African e-commerce company Jumia filed for an IPO on the New York Stock Exchange today per SEC documents and confirmation from CEO Sacha Poignonnec to TechCrunch. The valuation, share price, and timeline for public stock sales will be determined over the coming weeks for the Nigeria headquartered company. With a smooth filing process, Jumia will […]

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Lime hires its first CFO

Lime is hiring Ted Tobiason, former managing director in tech equity capital markets, at Morgan Stanley, to serve as its chief financial officer. This comes following Lime’s behemoth of a $310 million Series D round earlier this month. Led by Bain Capital Ventures, Andreessen Horowitz, Fidelity Ventures, GV and IVP, the round values Lime at $2.4 billion. Lime, which […]

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Nexon founder hints at plan to sell his $9B majority share in gaming giant

The founder of Korea’s Nexon, one of the biggest gaming companies on the planet, today appeared to acknowledge his intention to sell his controlling interest for around $9 billion. The divestment has been a hot rumor after a report from newspaper Korea Economic Daily this week [via Reuters] suggested that Jung-Ju Kim, who founded Nexon back in 1989, is moving to […]

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5 unicorns that will probably go public in 2019 (besides Uber and Lyft)

Five unicorn IPOs we can expect to witness in the year ahead that no one’s talking about.

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Our 3 favorite startups from Morgan Stanley’s 2nd Multicultural Innovation Lab Demo Day 

The Morgan Stanley Multicultural Innovation Lab, Morgan Stanley’s in-house accelerator focused on companies founded by multicultural and female entrepreneurs, hosted its second Annual Showcase and Demo Day. The event also featured companies from accelerators HearstLab, Newark Venture Partner Labs and PS27 Ventures. (Note: I was formerly employed by Morgan Stanley and have no financial ties.) The showcase represented […]

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Morgan Stanley: Tesla’s autonomous ride-sharing network is worth one-tenth of Waymo

Morgan Stanley has valued Tesla’s autonomous vehicle ride-sharing business, which does not yet exist, at $17.7 billion, about one-tenth of Waymo’s value, yet still above GM Cruise, the investment firm said in a research note published Tuesday. The $17.7 billion valuation, or about $95 per Tesla share, is notably lower than the $244 a share […]

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Instapage raises $15M to make landing pages smarter

Landing pages might not sound like the most exciting problem for a startup to tackle, but Tyson Quick, founder and CEO of Instapage, said that they’re a real issue for marketers. Quick was previously working on a marketing product called Jounce, where he was frustrated by the fact that even after someone had clicked on […]

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