PYMNTS-MonitorEdge-May-2024

ipo

Initial public offering or stock market launch is a type of public offering in which shares of a company are sold to institutional investors and usually also retail investors; an. IPO is underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges.

Source: nasdaq.com

Plaid Hires Former Expedia CFO Eric Hart Before IPO
Plaid Hires Former Expedia CFO Eric Hart Before IPO
October 18, 2023  |  Personnel

FinTech Plaid has appointed its first chief financial officer (CFO), a step toward a potential initial public offering (IPO). Eric Hart, the former CFO of Expedia,...

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Flexport Sets 2025 Goal for Profitability, IPO
Flexport Sets 2025 Goal for Profitability, IPO
October 17, 2023  |  Supply Chain

Supply chain logistics company Flexport is undergoing a restructuring process to regain profitability and reshape its business.  Founder Ryan Petersen has set a long timetable for achieving profits, setting...

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Report: Companies Rush to File IPOs Amid Looming Government Shutdown
Report: Companies Rush to File IPOs Amid Looming Government Shutdown
October 17, 2023  |  IPO

The possibility of a U.S. government shutdown has prompted companies to take action and expedite their plans to go public. In an effort to avoid...

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Partnerships and SoFi’s Galileo BNPL Expansion Lead FinTech IPO Index 1.3% Higher
Partnerships and SoFi’s Galileo BNPL Expansion Lead FinTech IPO Index 1.3% Higher
October 13, 2023  |  Fintech Investments

Bank earnings start Friday. That means we’ll get management commentary on everything, from interest rates to loan performance to consumer spending. The read across will...

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Report: PayU Indian IPO Could Value Company at $7 Billion
Report: PayU Indian IPO Could Value Company at $7 Billion
October 10, 2023  |  IPO

Payments company PayU is reportedly planning to go public in India next year. As Reuters reported Tuesday (Oct. 10), PayU plans to seek regulatory approval in February for...

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FinTech IPO Index Slides 3% as Affirm and Blend Lead Declining Stocks
FinTech IPO Index Slides 3% as Affirm and Blend Lead Declining Stocks
October 06, 2023  |  Fintech Investments

The FinTech IPO Index gave up nearly 3%, coming into the end of the first full trading week of the fourth quarter. Affirm led declining...

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Birkenstock May Struggle to Find Footing in Rocky IPO Market
Birkenstock May Struggle to Find Footing in Rocky IPO Market
October 05, 2023  |  IPO

Birkenstock may need a bigger toe-hold in the direct-to-consumer market before it goes public. That’s according to a Thursday (Oct. 5) report by Reuters, citing comments from...

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VCs Tell Startups to Pump Brakes on IPO Plans
VCs Tell Startups to Pump Brakes on IPO Plans
October 01, 2023  |  IPO

Venture capitalists (VCs) are reportedly telling startups to put plans to go public on hold. As the Financial Times (FT) reported Sunday (Oct. 1), that...

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Instacart Stock Closes Below IPO Price Week After Public Debut
Instacart Stock Closes Below IPO Price Week After Public Debut
September 26, 2023  |  IPO

Instacart’s stock closed below its initial public offering (IPO) pricing for the first time on Tuesday (Sept. 26), a week after its public debut. The online...

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