Bill Miller in an interview Tuesday said the SPAC craze may be winding down. So far in 2021, 308 SPACs have debuted, comprising 65% of all IPOs.
The North Carolina gaming powerhouse behind "Fortnite" is worth just shy of $30 billion, according to Epic Games' latest valuation.
The Chinese company is said to be weighing its options between New York and Hong Kong for its IPO, Reuters reported.
Stripe's $95 billion valuation brought the net worth of 32-year-old Patrick Collison and his younger brother John, 30, to $11.4 billion each.
Stripe's new $600 million fundraise makes it the most valuable private company in Silicon Valley, and one of the world's most valuable startups.
Sixteen pre-revenue firms have gone public or expect to go public in 2021 with a valuation over $1 billion, more than in any year in the dot com era.
Warren Buffett’s preferred market gauge hit a record high of 195%, signalling a crash could be coming. The “Buffett indicator” compares the value of the stock market to the size of the economy. The investor praised it as “probably the best single measure” of overall stock valuations. Visit Business Insider’s […]
UBS analysts downgraded Peloton, Chewy, and Fiverr to “sell” ratings this week. The tech companies are “emblematic of a market that values growth over any semblance of valuation.” The analysts expect the trio to grow strongly, but argue those prospects are priced in. Visit Business Insider’s homepage for more stories. […]
Airbnb plans to raise $US2.6 billion in its mid-December IPO, giving it a valuation of up to $US35 billion. The company plans to list about 50 million shares at between $US44 and $US50 per share, a regulatory filing showed. Airbnb will list on the NASDAQ under the symbol “ABNB.” It […]
Airbnb and DoorDash are expecting higher than estimated valuations in two of the most anticipated market debuts this year, the Wall Street Journal reported. Airbnb plans to target a valuation between $US30 billion to $US33 billion, above its previous $US30 billion estimate. DoorDash is seeking a valuation between $US25 billion […]
Morgan Stanley’s chief investment officer who called the October stock market pullback is now saying the worst of the sell-off is over, and investors should buy stocks before prices rise in 2021. While volatility will remain high into November, the conclusion of the US election and the announcement of a […]
Elon Musk told The New York Times that Tesla’s stock price is high, but he thinks the electric-vehicle company will be “worth more than this” in five years. “If you ask me, do I think if Tesla will be worth more than this in five years? I think the answer […]
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 […]
Stanley Druckenmiller told CNBC on Wednesday that the stock market is in a “raging mania” fuelled by the Federal Reserve. The billionaire investor said that the Fed did a “great job in March” but that the recent market rally has been “excessive.” “Look, everybody loves a party … but inevitably […]
Warren Buffett’s Berkshire Hathaway plans to invest about $US570 million into Snowflake when the cloud-data platform goes public. Berkshire is set to buy about 7 million to 7.4 million shares, giving it a roughly 2.5% stake. The bet is striking because Buffett famously sticks to businesses he understands, and has […]
Warren Buffett’s Berkshire Hathaway has Apple shares and cash worth 52% of its entire market capitalisation. The billionaire investor’s company owned $US113 billion in Apple stock and $US147 billion in cash at the last count, representing more than half of its $US499 billion market cap. Berkshire’s market value suggests the […]
Australian software company Buildkite secured $28 million in its latest funding round, taking its valuation to $200 million. The company, which builds tools that help software engineering teams test, build and deliver their product, was co-founded in 2013 by Lachlan Donald, Tim Lucas and Keith Pitt. Lachlan Donald told Business […]