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.

Platform News: YouTube video streaming on a desktop computer

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...

Platform Industry: Wall Street, IPO's and stock performance

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 Inc

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...

Platform News: Reddit is a mainstay of group-based social media

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...

Platform News: China

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...

Robinhood Markets

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...

China Platform Economy

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...

Platform News: NetEase

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...

Platform News: ByteDance TikTok

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 Markets on Wall Street

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.

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