What’s going on? Reddit made the biggest social media IPO in years. What does this mean? Why should I care? The bigger picture: The IPO market is back Zooming out: It’s just another drop of water Content source: 1. Finimize (2024) Reddit’s Credit. Available at: https://www.go.finimize.com/wp/news/reddits-credit/ [Accessed on Mar 31, 2024]
Tag: ipo
Ep 156: VNG’s rumor of an IPO in the US
What’s going on? Vietnam’s VNG Corp is considering going public in the US through SPAC. Founded in 2004 as a gaming firm, VNG’s products reach over 80m users. Its gaming arm develops and publishes its own titles and local versions of international hits such as PUBG Mobile. It also runs messaging app Zalo, e-wallet ZaloPay,…
Ep 139: Plant-based milk company Oatly files for IPO in secret
What’s going on? Sweden-based Oatly – the maker of vegan food and drink products – has submitted plans for an IPO with possible valuation of more than $5 billion Morgan Stanley, JPMorgan and Credit Suisse have been hired as underwriters on the offering. What does that mean? Oatly has been distributing through partnerships with cafes in…
Ep 134: SoftBank’s flourishing result
What’s going on? SoftBank – a Japanese conglomerate, reported better-than-expected earnings after its investment in DoorDash really delivered. What does that mean? Both the global rally in tech stocks and the booming demand for IPOs has led to SoftBank’s doing well in private investments, leading to a record profit for its Vision Fund – the…
Ep 126: No more IPO
What’s going on? US regulators approved a ruling that will allow companies to raise money by listing directly on the NYSE. In a direct listing, a company floats its shares on an exchange without hiring IBs to underwrite the transaction as an IPO. In addition to saving on fees, companies that follow the direct listing…
Ep 125: Airbnb’s official IPO
What’s going on? Airbnb finally moved onto the stock market and its shares initially more than doubled. What does this mean? Although the pandemic has made life difficult for Airbnb, but it surprised everyone by actually turning a profit, thanks to the trend of day trips. Airbnb thought it was about time to go public…
Journal Report 23: Airbnb’s IPO
What’s going on here? Airbnb finally filed for IPO (S-1 form link) on Nov 16, 2020, after 5 years of rumor. Its valuation is now ~ $18 bil, compared with the $31 bil valuation in 2017. Pricing terms are not yet set. Lead underwriters are Morgan Stanley and Goldman Sachs. Airbnb’s recent performance Gross Booking…
Ep 75: Desperate Measures
What’s Going On Here? Oil firm Saudi Aramco came up short of the $2 trillion valuation it was aiming for in its forthcoming IPO, but it can still walk tall: the $1.7 trillion it now wants will still make it the world’s biggest public company. What Does This Mean? Aramco, which extracts and refines Saudi Arabia’s…
Ep 34: Picking Up The Slack
What’s Going On Here? Slack, the American workplace messaging service, listed on the US stock market on via a direct listing – cutting out the investment banks (which normally manage the sale of new shares). Direct listings are an alternative to IPOs in which a company does not work with an investment bank to underwrite the issuing…
Ep 18: Beyond’s Stock Is Red Meat
What’s going on here? Beyond Meat, the plant-based meat company, reported earnings yesterday for the first time since its IPO. It beat Wall Street expectations with: quarterly net revenue of $40 million; forecast juicy sales of over $210 million for the whole year; net losses of $6.6 million for the quarter. A lot has happened since the IPO…
with HT 