Snap, the maker of the disappearing SnapChat app, has been subpoenaed by the U.S. Justice Department and the Securities and Exchange Commission. Reuters, citing Snap, reported the company said in a statement that it has provided information to the regulators’ requests for information. The subpoenas...
SoftBank, the Japanese company, has received regulatory approval from the Tokyo Stock Exchange for the initial public offering (IPO) of its mobile unit, reported the Financial Times. According to a report in the Financial Times, the $21 billion initial public offering is slated for December 19 and...
Pintec Technology Holdings Limited may not be a household name in the U.S., but it ended last week with a some very strong results on the American stock exchange. The firm, which provides an open platform that makes it possible for financial institutions (FIs) and...
For a potential initial public offering (IPO), Wall Street banks have reportedly given Uber proposals that value the company as high as $120 billion. According to people with knowledge of the matter, the IPO could happen early in 2019, The Wall Street Journal reported. At...
It’s becoming a familiar story – or color scheme. Top line black, bottom line red. Startup gains traction. Startup gains top line. Startup notches mounting losses, because as everyone knows, you’ve got to spend money to make money. But profitability looks elusive, and becomes less a question...
In its debut as a publicly traded company, peer-to-peer lending platform Funding Circle opened slightly above its initial offer price of 440 pence at 460 pence a share on Friday (Sept. 28). The original range set by the company for the stock was between 420 and 530...
JPMorgan Chase is reportedly in discussions with Lyft about being the lead banker on its pending initial public offering (IPO). CNBC, citing people familiar with the matter, reported that JPMorgan is seen as in the lead to be the underwriter after Goldman Sachs and Morgan...
Funding Circle, the peer-to-peer lending company that is gearing up to launch an initial public offering (IPO), could be valued at as much as $2.4 billion. CNBC, citing the U.K. FinTech, reported the company is pricing its IPO at a range of 420 pence to 530 pence...
Eventbrite, the company that operates a platform to create, manage and sell tickets to events, filed an amended registration statement with the Securities and Exchange Commission (SEC) in which it said it is aiming to raise a $200 million initial public offering (IPO). According to...
