Articles by tag: IPO
Special purpose acquisition companies (SPACs) are growing in popularity, and Bloomberg reported that between 2020 and 2021, the capital raised by SPACs more than doubled. SPACs, commonly referred to as “blank check companies,” are designed to take a company public without going through the traditional and lengthy initial public offering (IPO) process. The first step…
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Business Services
Robinhood Launches IPO, CEO Vlad Tenev Responds
Robinhood is now officially trading on the NYSE. At the initial price of $38 per share (a 32 billion dollar valuation), Robinhood hopes to ride the wave of recent IPOs and gain even more leverage in the trading circles. Listen below as CEO and President Vlad Tenev break down the trading app’s hopes and expectations…
Education & EdTech
Why EdTech Investment Activity Is Breaking Records In 2021
Celebrating the leaders and experts that are powering education into the future, host JW Marshall sets out to ask the “right questions” in EdTech to understand the changes in policy and technology that will power our universities, tradeschools, and companies – and drive growth in upskilling certifications. Every six months or so, we host Tony Wan,…
Business Services
The Buzz Surrounding the NFT Trend
There is a huge buzz in the industry about NFT being the new music model. But here’s the truth. While it is true that platforms like OpenSea have made it slightly easier for the general public to create NFTs, the high cost of it, the initial cost of actually listing an NFT, is prohibitive and…
Hospitality
Airbnb Files to Go Public, Emphasizing “Community”
Despite a severe hit to its travel-based business model as a result of the pandemic, Airbnb has seen a rebound and is positive about building upon the net profits it saw in the last quarter. With positive earnings, the company announced its bid to IPO with a comprehensive prospectus. The company saw $219 million in…
Articles
Array Technologies, Inc. Announces Closing of Initial Public Offering
ALBUQUERQUE, N.M., Oct. 19, 2020 (GLOBE NEWSWIRE) — Array Technologies, Inc. (the “Company”) today announced the closing of its upsized initial public offering of 54,625,000 shares of common stock. The offering consisted of 7,000,000 shares of common stock issued and sold by the Company and 47,625,000 shares of common stock sold by a parent entity…
Business Casual
Postmates Debates Consolidation or Going Public as its Next Move: Business Casual
Powered by RedCircle While around the world, COVID-19 has wreaked havoc on humans, businesses and numerous industries, particularly the restaurant sector, it has conversely proven to be a windfall for food delivery services such as Uber Eats, DoorDash, Grub Hub and Postmates. Although operating in nearly 3,000 U.S. cities, in years past, Postmates grappled to…