IPO
Platform stampede as investors hunt Latin American unicorns
When Sebastian Kanovich co-founded Latin American digital payments start-up dLocal in Montevideo in 2016, he struggled to get global retailers to take him seriously.
South Korea: An army of retail investors flocks to YouTube
Millions of South Koreans have jumped into stock market trading over the past year with their enthusiasm feeding off a new market force – popular investment channels on YouTu...
Finland’s Aiven raises $60 million at $2 billion valuation
Finland-based cloud software firm Aiven has raised $60 million from existing investors World Innovation Lab, IVP and Atomico, giving the firm a valuation of $2 billion, it has said...
Cloud storage provider Backblaze files for US IPO
Cloud storage provider Backblaze Inc filed for a US IPO, cashing in on growing demand for cloud computing from businesses expanding their digital offerings during the COVID-19 pand...
Computing firm OVHcloud IPO set to go ahead at low end of price range
French cloud computing services provider OVHcloud’s IPO is set to move ahead at a price of 18.5 euros per share, at the low end of the range, one of the banks in charge of th...
Restaurant-software maker Toast valued at nearly $33 billion
Toast Inc fetched a valuation of nearly $33 billion in its NYSE debut, as shares of the restaurant software provider jumped 63%, underscoring a deep investor appetite for fast-grow...
Thoughtworks valued at about $9 billion after shares surge in debut
Shares of Thoughtworks Inc jumped nearly 24% in their Nasdaq debut, valuing the company at nearly $9 billion, after the software consultancy business priced its initial public offe...
A Reddit IPO? Company seeks to hire advisers
Reddit Inc, the operator of online message boards that became the go-to destination for day traders chasing this year’s frenzy for so-called meme stocks, is seeking to hire i...
China targets US IPOs, algorithms, cloud in latest tech takedown
Communist China has launched a multi-pronged attack on its tech companies, threatening to curb their ability to list in the US, seeking to tighten up regulation of their use of alg...
Wall Street analysts bet on Robinhood’s potential to add users
Wall Street analysts took a largely upbeat view on Robinhood Markets Inc in their first ratings on the stock as they bet on the online brokerage’s ability to boost its user b...
Sources: China’s tech crackdown thwarts Pony.ai’s US listing plans
Autonomous driving start-up Pony.ai has put on hold plans to go public in New York through a merger with a blank-check firm at a $12 billion valuation, after it failed to gain assu...
Sources: NetEase delays $1 billion Hong Kong listing of music streaming firm
NetEase Inc has delayed the $1 billion Hong Kong IPO of its music streaming service Cloud Village because of volatile trading in China’s major tech companies, two people with...
FT: TikTok owner ByteDance aims for Hong Kong IPO by early 2022
ByteDance, the Chinese owner of short video platform TikTok, has revived its plan to go public with a listing in Hong Kong by early 2022 after addressing Chinese regulators’ ...
Robinhood shares dive; filing sparks worries early investors could sell
Shares of Robinhood Markets Inc have tumbled, snapping a four-day winning streak, after the newly public online brokerage said early investors may sell nearly 98 million shares.