Tag: morgan stanley
Zero trust unicorn Illumio closes $225M Series F led by Thoma Brava
Illumio, a self-styled zero trust unicorn, has closed a $225 million Series F funding round at a $2.75 billion valuation. The round was led by Thoma Bravo, which recently bought cybersecurity vendor Proofpoint by $12.3 billion, and supported by Franklin Templeton, Hamilton Lane, and Blue Owl Capital. The round lands…
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Here’s what is driving GM’s reported plans to develop a commercial electric van
GM’s electric offensive to bring at least 20 new EVs to market by 2023 reportedly includes a commercial van. Reuters reported Thursday that the company is developing an electric van for the commercial market code named BV1. The vehicle is expected to start production in late 2021 and will use…
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Users say Robinhood is down as stocks soar
Users are reporting that trading platform Robinhood was down during early morning trading that saw stock markets soar. Robinhood’s status page says all systems are “operational,” but users on Twitter said they could not access the service. A Robinhood spokesperson would not comment on the record but referred TechCrunch to…
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What the $13B Etrade deal says about Robinhood’s valuation
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Today we’re living up to the introduction of this daily column by digging into the recently announced Etrade sale and what its new price and recent financial performance can tell…
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Tesla locks in stock surge with $2B offering at $767 per share
Tesla has priced its secondary common stock offering at $767, a 4.6% discount from Thursday’s share price close, according to a securities filing Friday. Tesla said in the filing it will sell 2.65 million shares at that discounted price to raise more than $2 billion. Lead underwriters Goldman Sachs and…
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Goldman Sachs’s CEO just called WeWork’s pulled IPO — which Goldman was underwriting — proof that the market works
It’s hard to put a positive spin on terrible situation, but that didn’t stop Goldman Sachs CEO David Solomon earlier today. Asked during a session at the World Economic Forum in Davos about WeWork’s yanked IPO in September, Solomon suggested it was proof that the listing process works, despite that…
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