GoodRx Holdings Inc., the discount prescription marketplace startup, announced the launch of its initial public offering (IPO) Monday (Sept. 14). The sale will include 34.6 million shares of its Class A common stock. It is expected to be priced between $24 and $28 per share. If approved,...
Amid a red-hot IPO market here in the United States, some of the most incandescent new listings have come from special-purpose acquisition companies (SPACs). To that end, as reported on Monday (Sept. 14) by The Wall Street Journal, markets on the continent are taking notice –...
Berkshire Hathaway plans to invest more than $570 million in cloud data company Snowflake, which has filed for an initial public offering (IPO) of stock. The deal comes as the pandemic has boosted the stock prices of cloud computing companies. The Financial Times reported that Snowflake’s updated...
Amwell, the Boston-based telemedicine company, is planning to go public as the demand for virtual healthcare offerings skyrockets amid the coronavirus pandemic. The Motley Fool reported privatelyheld Amwell, a subsidiary of Aligned Telehealth Inc., filed its initial public offering with the Securities and Exchange Commission...
Billionaire investor Bill Ackman said he’s had preliminary discussions with Airbnb and Stripe, among others, about helping them to go public, Bloomberg reported. The process would involve them going through a merger with Ackman’s blank-check company. Airbnb didn’t get anywhere with Ackman before the popular...
At what point is the word “overheated” an understatement? Thursday’s steep U.S. stock market selloff — with major indexes down as much 5 percent despite no obvious catalyst in sight — serves as a reminder that sentiment rules investors’ mindsets, perhaps more so than fundamentals....
Mobile game platform Skillz is looking to go public, and a partnership with Flying Eagle Acquisition Corp. could help it do so, according to a company blog post. This kind of transaction, known as a special purpose acquisition company, or SPAC, has been gaining traction...
Short-term rental giant Airbnb has said “thanks, but no thanks” — at least for now — to a proposal to go public by merging with billionaire Bill Ackman’s special purpose acquisition company (SPAC). Bloomberg reported Wednesday (Sept. 2) that Ackman approached Airbnb about merging with his...
Airbnb Inc. has rejected investor William Ackman’s offer to merge with his newly formed blank-check company to go public. Sources told Bloomberg the home rental platform said rather than joining a special purpose acquisition company (SPAC) or blank-check company — a shell firm that plans...
