Tag: IPO
DigitalOcean’s IPO filing shows a two-class cloud market
This morning DigitalOcean, a provider of cloud computing services to SMBs, filed to go public. The company intends to list on the New York Stock Exchange (NYSE) under the ticker symbol “DOCN.” DigitalOcean’s offering comes amidst a hot streak for tech IPOs, and valuations that are stretched by historical norms.…
Read More
Lucid Motors is going public before it starts selling EVs
The Lucid Air electric luxury sedan is scheduled to go on sale later this year, but first the EV startup will merge with an already-NYSE listed special purpose acquisition company so it can go public. The deal with Churchill Capital Corp IV (CCIV) wi… Source
Read More
As the SPAC frenzy continues, questions arise about how much the market can absorb
Another week and the biggest story in a sea of big stories continues to center on SPACs, these blank-check companies that raise capital through IPOs expressly to acquire a privately held company and take it public. But some industry watchers as starting to wonder: Is this party just getting started,…
Read More
Pandemic-era growth and SPACs are helping edtech startups graduate early
Special purpose acquisition vehicles regained popularity in 2020 as an alternative way to take startups public, and now they are eyeing edtech companies. So far, Skillsoft has gone public through Churchill Capital, and Nerdy, parent company of Varsity Tutors, did the same through a reverse merger with TPG Pace Tech…
Read More
Bumble’s first date with the public markets
The public markets have been so active lately that it’s hard to drum up excitement for yet another company making its way to the bull market. But, in the case of Bumble, a dating app where women message first, next week’s public debut is worth paying attention to. The market…
Read More
Kuaishou, TikTok’s Chinese nemesis, surges 194% on IPO debut
Kuaishou, a Chinese video app that’s largely underappreciated outside China, has just completed a massive initial public offering in Hong Kong. The app is by far the biggest rival for Douyin, TikTok’s Chinese version, and unlike many Western video platforms that make money from ads and subscriptions, Kuaishou’s cash cow…
Read More