Kakao Pay is set to be the first South Korean FinTech working with mobile payments to undertake an initial public offering (IPO), according to a report from The Paypers. The company is likely to be valued at $8.5 billion and plans to use the IPO...
Poshmark, the used clothing platform, has filed to go public, according to a press release. The company filed a draft registration statement with the Securities and Exchange Commission (SEC) in order to do so. The number of shares to be sold and the price range...
One week after GoodRx Holdings Inc. filed its initial public offering (IPO), the discount prescription marketplace priced its stock at $33 per share, above its target to sell $1.1 billion in stock. In its filing with the Securities and Exchange Commission (SEC), the Santa Monica,...
Ant Group, the online payment provider for China-based Alibaba Group Holding Ltd., is seeking a record return of at least $35 billion as it goes public in the Hong Kong and Shanghai markets, sources told Bloomberg News. The Hangzhou-based conglomerate has raised its initial public offering...
Five years after LoanDepot ditched plans to go public, the California-based lender, now worth as much as $15 billion, is giving the idea a second look. The firm, which offers mortgages and other direct-to-consumer loans, is planning an initial public offering (IPO), sources told Bloomberg. The company...
Shares of Snowflake Inc. more than doubled on their first day of trading Wednesday (Sept. 16) as banks and investors embrace cloud-based payment solutions amid COVID-19. Snowflake closed at $253.93 on the New York Stock Exchange, up 111.6 percent from the $120 that the company’s initial public...
India’s Flipkart Group, the eCommerce firm owned largely by Walmart Inc., is preparing an initial public offering (IPO) as early as next year, Reuters reported. Sources told the news service the Bengaluru-based online retailer will aim for a valuation of between $45 billion and $50...
Real estate platform Opendoor is set to go public via a merger with blank-check company Social Capital Hedosophia II in a deal that will value the combined company at $4.8 billion. But Social Capital Founder and CEO Chamath Palihapitiya, a former Facebook executive, has had...
Snowflake Inc. is benefitting from investors who keep pouring money into the cloud as the coronavirus pandemic continues. The Silicon Valley-based cloud-storage software maker has raised its estimated initial public offering (IPO) price by 30 percent since last week, CNBC reported, based on the company’s...
