Initial Public Offerings
Stripe, the payments start-up, lowers internal valuation 28 percent.
Stripe, a payments start-up that has been one of the most valuable privately held tech companies in Silicon Valley, has lowered its internal valuation 28 percent, according to a person with knowledge of the situation, in another sign of how the fluctuating stock market and economic uncertainty are affecting private companies. Investors had valued Stripe […]
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How Elon Musk and Tesla Helped Make C.E.O Pay Even Richer
While those compensation totals are taken from the company’s financial filings, they are often estimates driven by the companies’ attempts to value the stock their chief executives might receive. As a result, the executives may earn less than those totals, especially if the bear market persists and their companies’ stock prices remain depressed, but they […]
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Why SPACS Are Flailing as Market Conditions Shift
Matt Higgins, a former judge on the reality TV show “Shark Tank,” is an experienced investor whose firm, RSE Ventures, helps young companies build their businesses. So it was no surprise that in November 2020, Mr. Higgins embraced one of Wall Street’s biggest recent obsessions by launching a SPAC. Special purpose acquisition companies — known […]
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Instacart Takes a Big Step Toward a Public Offering
Instacart, the grocery delivery company, said on Wednesday that it will test the waters for a public offering, despite recent shakiness for tech stocks and the company’s own turmoil over the past year. The company said it had filed papers for a so-called confidential filing, which means it does not yet have to disclose certain […]
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Fear and Loathing Return to Tech Start-Ups
Start-up workers came into 2022 expecting another year of cash-gushing initial public offerings. Then the stock market tanked, Russia invaded Ukraine, inflation ballooned, and interest rates rose. Instead of going public, start-ups began cutting costs and laying off employees. People started dumping their start-up stock, too. The number of people and groups trying to unload […]
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SoftBank’s Woes Are Mounting
For the past decade, SoftBank and its founder, Masayoshi Son, grabbed headlines mainly for the Japanese conglomerate’s eye-popping investments, becoming a fixture in the American technology scene by spending freely on start-ups and fundamentally reshaping how such companies had been funded. There was the world’s largest tech investment fund. The billions of dollars pumped into […]
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Rivian Loses Its Shine as Investors Fret About Production Delays
The company also did not tell investors that its chief operating officer, Rod Copes, a Harley-Davidson veteran, left the company last year. Public companies and those in the process of listing their shares generally disclose the departures of top executives. The news was first reported by The Wall Street Journal. Understand the Supply Chain Crisis […]
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Tech Start-Ups Reach a New Peak of Froth
Astonishing data for 2021 tell the story. U.S. start-ups raised $330 billion, nearly double 2020’s record haul of $167 billion, according to PitchBook, which tracks private financing. More tech start-ups crossed the $1 billion valuation threshold than in the previous five years combined. The median amount of money raised for very young start-ups taking on […]
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Didi of China Moves to Delist From New York Stock Exchange
The decades-long, trillion-dollar love affair between China and Wall Street is coming to an end. Didi Chuxing, a $39 billion company that is China’s answer to Uber, said on Friday that it would delist its shares from the New York Stock Exchange. Just six months ago, Didi was a Wall Street darling, raising billions of […]
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