Tag: public markets
Quizlet plans for IPO over a year after hitting unicorn status
Quizlet, a flashcard tool turned artificial intelligence-powered tutoring platform, is planning an initial public offering nearly a year after it was valued at $1 billion. According to people familiar with the matter, Quizlet is considerably far along in the process to go public. A recent job filing shows that it…
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Coinbase sets direct listing reference price at $250/share, valuing the company at as much as $65B
Coinbase, the American cryptocurrency trading giant, has set a reference price for its direct listing at $250 per share. According to the company’s most recent SEC filing, it has a fully diluted share count of 261.3 million, giving the company a valuation of $65.3 billion. Using a simple share count…
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Robinhood files confidentially to go public
Today Bloomberg reported, and Axios confirmed that Robinhood has filed privately to go public. The well-financed Robinhood is an American fintech company that provides zero-cost trading services to consumers. Private IPO filings have become common in recent quarters, making Robinhood’s decision to file behind closed doors before showing its numbers…
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Coinbase files to go public in a key listing for the cryptocurrency category
This morning Coinbase, an American cryptocurrency exchange, released an S-1 filing ahead of its direct listing. The company’s public debut has been hotly anticipated thanks to recent activity amongst bitcoin and other blockchain-based assets, the company’s controversial political positions, and its spiking valuation on private exchanges. Coinbase’s financials show a…
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Affirm doubles after starting to trade despite strong IPO pricing
Today shares of Affirm, a buy-now-pay-later unicorn, started trading above $90 per share, far above its $49 per-share IPO price, a figure that was already miles above the company’s early expectations. The pop comes after Affirm raised its pricing range earlier this week, to $41 to $44 per share, up…
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Stocks fall sharply as U.S. government warns of hard weeks ahead
A recent redbound in domestic equity prices faded further into the distance today, as American stocks fell for a second consecutive day following modest Tuesday declines. After rising from new 52 week lows, all domestic indices after the American president warned of difficult weeks ahead as the country reels from…
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