August 09, 2023
Upstart Stock Plunges 34% After Lower-Than-Expected Guidance
Artificial intelligence (AI) lending platform Upstart saw its stock plummet 34% Wednesday (Aug. 9). This follows the company’s delivery of an outlook for the third quarter that was lower than expected,...
July 28, 2023
Beike Finance and XP Surge as FinTech IPO Index Heads...
The platforms held sway this past week, gaining some ground ahead of earnings due through the next several days. And as a result, the FinTech IPO Index was up 0.5%...
July 21, 2023
Toast’s 15.5% Plunge Helps Lead FinTech IPO Index Lower for...
Toast shares got scorched in a week that saw the FinTech IPO Index give up 0.3%. And earnings season has yet to begin in earnest — at least for the...
July 14, 2023
FinTech IPO Index Soars 11.9% as Upstart Gains 29% and...
This past week might be titled “The Great Platform Rally of 2023.” The FinTech IPO Index surged 11.9% through five sessions, led by double-digit gains in all manner of platform...
July 07, 2023
FinTech IPO Index Slips 1% as Affirm Sinks on Analyst...
The job numbers came in hot. The Fed looks set to raise rates. And the interest rate-sensitive names in the FinTech IPO Index took a bit of a hit. In...
July 02, 2023
IPO Market Struggles as It Enters ‘Rebuilding Mode’
Initial public offerings (IPOs) might be back, but they’re not all the way back. As The Wall Street Journal (WSJ) reported Sunday (July 2), last week saw a trio of companies...
June 30, 2023
FinTech IPO Gains 1.5% as Opendoor Surges on Sell-Side Enthusiasm
The platforms surged — many of them anyway. And yet the FinTech IPO Index was up a muted 1.5% headed into the end of the second quarter and headed into...
June 26, 2023
Will 99 Cents Burn Toast at the POS?
After spending the last 20 minutes online deliberating over what you really need to round out your summer wardrobe, you’re ready to check out. You review your basket, apply the...
June 23, 2023
FinTech IPO Index Slips 2.7% Despite nCino’s Surge on Deal...
Even some skyrocketing performers — up double digits — were not enough to boost the FinTech IPO Index. The pantheon lost 2.7%, despite rumors of deal-making, despite economic data that...