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 […]
The New York Stock Exchange saw record IPO activity this month, and president Stacey Cunningham expects the offering spree to charge forward. “October is on track to look exactly the same” as the offering-heavy September, she said in a Wednesday interview with Bloomberg TV. Companies are also tapping the market […]
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 […]
Hedge fund billionaire Ken Griffin expects direct listings to grow even more popular in 2020, but noted that not all firms are meant for the unconventional approach to public markets. Companies eyeing direct listings need “a well-established brand,” a large shareholder base, a profitable or nearly profitable business model, and […]
