IPO

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Oat Milk Maker's IPO Is Being Closely Watched

Analysts see Oatly IPO as a test of market's appetite for vegan food firms

(Newser) - Milk alternatives are big business—and a Swedish oat milk maker's initial public offering is being seen as a big deal. Oatly's shares will start trading in New York on Thursday for between $15 and $17 each, which values the vegan food and drink maker at around $10...

Bumble's Debut Makes CEO a Billionaire

Few self-made women have achieved such wealth

(Newser) - Shares of Bumble reached $72 on Thursday afternoon in the company's market debut, making its chief executive not only wealthy but a rarity. That price meant that Whitney Wolfe Herd's shares were worth $1.5 billion. Few tech entrepreuners bursting into such territory are women, Bloomberg reports; 559...

Ignoring IPO Email Costs Airbnb Hosts

Some hosts cashed in, buying shares at the opening price, and some ignored the offer

(Newser) - Even for hosts, it was easy to overlook an email last month with the subject line "Airbnb's Directed Share Program." That was costly, though. The email was an offer to get in on the company's initial public offering, NPR reports. Airbnb earmarked as many as 3....

Told of Opening Price, Airbnb Boss Is Stumped

Company's valuation more than doubles for IPO

(Newser) - In preparing for its IPO, Airbnb priced its shares at $68. The stock price doubled in premarket trading to open Thursday on the Nasdaq at $146, a development that company co-founder and chief executive officer was not prepared for, Fast Company reports. That puts Airbnb at a market cap of...

Ant Group's IPO Could Raise a Record $35B
This IPO Could
Raise a Record $35B

This IPO Could Raise a Record $35B

Chinese fintech Ant Group giant hopes to top Saudi Aramco's sale last year

(Newser) - The world's largest fintech company, China's Ant Group, will try to raise nearly $35 billion in a huge public offering of stock that would shatter records. Alibaba-affiliated Ant Group, which operates a suite of financial products including the Alipay digital wallet in China and one of the world'...

As Investors Scoop Up Shares, One Thing Looms Over BTS

K-pop group's star is rising—but military service awaits

(Newser) - Ordinary investors got a shot at shares in the management agency of K-pop sensation BTS on Monday and Tuesday. And they didn't hold back, requesting 58.4 trillion won worth—the equivalent of $50.2 billion. As AFP reports, that's 607 times more than the value of the...

Investor Makes $12B on Biggest Software IPO Ever
Investor Makes $12B on
Biggest Software IPO Ever
the rundown

Investor Makes $12B on Biggest Software IPO Ever

Snowflake has a massive debut

(Newser) - If you're hearing the word "snowflake" a lot today, it has nothing to do with politics. Snowflake the tech company is coming off the largest software IPO in history on Wednesday, reports CNN . The company priced its shares for the initial public offering at $120, but they opened...

Saudis Ready a Huge IPO
Get Ready for a Huge IPO

Get Ready for a Huge IPO

After years of delays, offering of state-owned oil giant Saudi Aramco is finally underway

(Newser) - Saudi Arabia began an initial public offering Sunday of a sliver of oil giant Saudi Aramco after years of delay, hoping international and local investors will pay billions for a stake in the kingdom's crown jewels, reports the AP . An approval by Saudi Arabia's Capital Market Authority served...

Another Ride-Sharing Giant Just Went Public

Uber shares were going for $45 each, raising $8.1B, just weeks after Lyft's IPO

(Newser) - With a ring of the opening bell, Uber began picking up passengers as a newly minted public company Friday, giving investors a chance to bet on a service with huge potential but a long way from turning a profit. Shares in the ride-hailing giant were sold in an initial public...

Beyond Meat's IPO Was Beyond Successful

Share price more than doubled on first day

(Newser) - Investors have a big appetite for fake meat. The shares of Beyond Meat, the purveyor of plant-based burgers and sausages, more than doubled Thursday in its Nasdaq debut. It's the first pure-play maker of vegan "meat" to go public, according to Renaissance Capital, which researches and tracks IPOs....

Most Profitable Company in World Isn't What You Think

Saudi oil giant cleared $111 billion in 2018

(Newser) - Saudi Arabia has let the world see the financials for its national oil company for the first time, and they couldn't be much better. Saudi Aramco posted $111 billion in net income in 2018, making it the world's most profitable company by far. That $111 billion is more...

As Lyft Goes Public, Founders Get Very Rich

$510M for John Zimmer and $700M for Logan Green, reports 'Forbes'

(Newser) - Think ride-hailing is the future of transportation? It's now possible to put some money behind your faith. Lyft began trading publicly on the Nasdaq exchange Friday, and investors seemed receptive. Shares opened at $87.24, roughly 21% higher than the $72 the company settled on for its IPO, reports...

Lyft's IPO Stats: Fast Growth, Big Losses

Company will be going public in March or April

(Newser) - Lyft got the ball rolling Friday on what the Wall Street Journal expects will be one of the busiest seasons for tech IPOs in years. Lyft won't actually go public until late March or early April, but it released its IPO documentation to give the public a glimpse into...

Report: Ride-Hailing Firm Plans a Huge Change

Uber could issue IPO in early 2019

(Newser) - Ride-hailing giant Uber has filed confidential preliminary paperwork for selling stock to the public, the AP reports. That's according to a report late Friday in the Wall Street Journal . Citing people familiar with the matter whom it did not identify, the Journal says San Francisco-based Uber Technologies Inc. filed...

Who Got Filthy Rich From Snap IPO: a High School, Millennials

Company's 26-year-old CEO is now looking at a $6B fortune

(Newser) - A California high school has made millions of dollars from the initial public offering of shares in Snap Inc., the company behind Snapchat. The board of Saint Francis High School in Mountain View agreed to invest $15,000 in seed money in Snap in 2012, when the company was just...

It's a Good Day to Be a Snap Co-Founder

Snap shares jumps 48% in IPO debut

(Newser) - Shares of Snap Inc. opened for trading on the New York Stock Exchange on Thursday at $24 per share, up from the IPO price of $17 per share—and kept climbing, per MarketWatch . As of this writing, prices have risen 48% to over $25 per share. Snap co-founders Evan Spiegel,...

Tech IPO Everyone's Been Waiting for: Snap
Snap's Much-Awaited IPO
Looms, CEO 'Elusive'
THE RUNDOWN

Snap's Much-Awaited IPO Looms, CEO 'Elusive'

Snap founder Evan Spiegel as secretive as ever right before much-hyped price set

(Newser) - Those who remember the hype when Alibaba priced its initial public offering of stock in 2014 will get to relive that excitement Wednesday when Snap does the same. Reuters reports the owner of the Snapchat messaging app will serve up a number at the end of the trading day, with...

Snapchat's Parent Company Sets IPO Price

Snap Inc. values itself at up to $22B

(Newser) - Snap Inc. is listing the company's valuation at up to $22 billion as it prepares for the tech industry's biggest initial public offering in years , reports the AP . Snapchat's parent company said in a regulatory filing Thursday that the IPO is likely to be priced between $14...

Snapchat Is Going Public, Seeking Up to $3 Billion

It could be the biggest tech IPO in years

(Newser) - The company behind Snapchat, a teen-oriented social network famous for its quickly disappearing messages, has filed for what could be one of the largest tech IPOs in years, the AP reports. Snap Inc. said Thursday that it's seeking up to $3 billion in an initial public offering, a figure...

Secret Snapchat Filing Suggests Major IPO on Its Way

Initial public offering could be valued at between $20B and $25B—maybe more

(Newser) - Two years ago, Alibaba stunned the tech world, and the stock market in general, with the biggest initial public offering ever valued at $168 billion . Now Snapchat—technically Snap Inc. , as of September—looks to want in on the mega-IPO game: Sources tell Reuters the company has confidentially filed for...

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