IPOs are heating up, just as the economy starts to wobble:
The San Francisco-based image-search company has accelerated plans for an initial public offering to April, further testing investors’ appetite for large, venture-capital-backed companies in tech.
The timing for big IPOs looks increasingly important as investors begin to worry more about the economy. The Dow Jones Industrial Average was down 310 points, or 1.1%, Friday morning after bond yields predicted potential trouble for global growth.The company raised $150 million in a private funding round in 2017 for a total valuation of about $12.3 billion.
The giant ride-hailing unicorn, most recently valued at $76 billion in the private market, is seeking a valuation as high as $120 billion, though some analysts peg its value closer to $100 billion based on financial figures it disclosed last month. Lyft released its registration statement to go public earlier this month. In it, it reported impressive revenue growth but mounting losses.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PagerDuty files to go public in what should be a big year for tech IPOsPagerDuty is looking to start trading on the New York Stock Exchange under the symbol 'PD.'
Read more »
IPOs are red hot, doubling the return of the market, as Levi Strauss kicks off wave of offeringsAfter months of waiting, the 2019 IPO pipeline will finally open on Thursday with Levi Strauss. It is a perfect moment for the long-stalled IPO market.
Read more »
How IPOs From Uber, Airbnb And Others Could Create A $230 Billion Windfall And 6,000 New MillionairesHow IPOs from Uber, Airbnb and others could create a $230 billion windfall—and 6,000 new millionaires: by bizcarson
Read more »
China's tech-savvy millennials are fueling interest in US stocksChina's young people are increasingly trading U.S. stocks through two apps, both of which are in the process of U.S. IPOs and one of which counts Interactive Brokers as a strategic investor.
Read more »
Lyft is seeking a valuation of up to $23 billion as it embarks on its IPO roadshowLyft is the first ride-hailing firm to go public and will spark a slew of tech IPOs this year.
Read more »
Lyft will be the first ride-hailing company to ever go public. Here’s how its numbers compare to Uber.All eyes will be on Lyft as it IPOs next week. Here's how it compares to its much larger competitor, Uber, on almost every metric.
Read more »
Battery start-ups are raising millions in the battle to crush TeslaBattery start-ups are raising millions of dollars from VCs and corporations such as Volkswagen to commercialize their breakthrough technologies. They believe their batteries are big improvements over the current lithium-ion batteries used by Tesla.
Read more »
Indonesia's Lion Air starts work on $1 billion IPO, according to reportThe company wants to move past the crash in October last year that killed 189 people on board.
Read more »
Indonesia's Lion Air starts work on $1 billion IPO: BloombergIndonesian carrier Lion Air has started working on $1 billion domestic initial p...
Read more »