"We're looking at being able to go public sometime next year," CEO Jesse Powell said. "It would probably be a direct listing, similar to Coinbase."
Coinbase will disclose details of its direct listing, including its reference price, the day before it goes public, sources told Bloomberg.
Roblox's debut on the public markets paid off big for Gregory Baszucki, who is the brother of the company's CEO and sits on its board.
Video game platform Roblox filed confidentially for a public offering, according to a Monday press release. The number of shares to be sold and their price range has not yet been decided. The offering could peg Roblox’s valuation as high as $US8 billion, Reuters reported earlier this month. That would […]
Asana jumped as much as 10% in its first day of trading on Wednesday. The stock opened at $US27 per share, 29% above its reference price of $US21. The ensuing climb marked a 10% increase from the opening price. With 155 million shares outstanding, Asana sported a valuation of $US4.6 […]
Data-mining firm Palantir climbed as much as 14% in its first day of trading on the New York Stock Exchange. Palantir opened at $US10 per share, 38% above its reference price of $US7.25. The subsequent climb marked a 14% increase from the opening price. The company began trading under the […]
In its newly updated direct listing prospectus, Palantir revealed its sum of fully diluted shares and gave investors the latest hint at its public market valuation. The Securities and Exchange Commission filing states the company has about 2.17 billion diluted shares. With an average share price of $US9.17, Palantir boasts […]
Palantir’s updated prospectus, which includes the latest details on its shares outstanding and average share price, sets the company’s valuation at roughly $US10.5 billion. Yet past valuations have pegged the firm’s worth as low as $US7.8 billion and as high as $US20.3 billion. Palantir’s murky valuation is set to be […]
E-commerce site Wish said Monday it has confidentially filed to go public. The company did not disclose whether it planned to go public via an IPO or direct listing. Wish was last valued at $US11.2 billion in a $US300 million Series H funding round led by General Atlantic in August […]
Palantir publicly revealed its stock-listing documents for the first time on Tuesday afternoon. The notoriously secret data startup is pursuing a direct listing of its equity, similar to that of Spotify and Slack. Sources previously told Business Insider that shares could begin trading as soon as September 24. Visit Business […]
Cryptocurrency exchange Coinbase has started planning for a stock market listing that could take place as soon as this year, Reuters reported Thursday, citing sources familiar with the matter. If the Securities and Exchange Commission signs off on the listing, Coinbase could become the first publicly traded cryptocurrency marketplace. The […]
On Thursday, the $US1.5 billion work management software startup Asana launched new products for operations, sales, and account management teams. Earlier this month, Asana announced that it filed to go public with a direct listing – an alternative to a traditional IPO in which companies like Slack and Spotify have […]
Asana went public via a direct listing on Wednesday. The team productivity software company was started by Dustin Moskovitz and Justin Rosenstein, who both left Facebook in 2008. The cofounders worked with Silicon Valley elite at Facebook before starting Asana, which became a unicorn in 2018. Visit Business Insider’s homepage […]
The productivity software startup Asana is planning to go public next year and looking at a direct listing, the Financial Times’ Miles Kruppa reported. Asana, co-founded by Facebook co-founder Dustin Moskovitz, is valued at $US1.5 billion and has crossed $US100 million in annual recurring revenue. Both Slack and Spotify did […]
Airbnb doubled its year-over-year losses in the first quarter, according to a report from The Information. The firm reportedly spent $US367 million in the first quarter on sales and marketing, a 58% increase from the year-ago period. The news comes as the home-share company eyes a move to public markets […]
Airbnb is set to hire Morgan Stanley and Goldman Sachs as advisers for its planned stock-market flotation in 2020, Reuters reported Wednesday. The home-share company represents a major client and is poised to be among the biggest firms to go public next year, with a private valuation of $US31 billion. […]
Airbnb is planning a direct listing for its 2020 public market debut, rather than conducting a traditional initial public offering, Bloomberg reported Tuesday. A direct listing would keep the home-share company from paying millions of dollars in fees to a partnering bank, and not require the issuance of any new […]