PYMNTS-MonitorEdge-May-2024

IPOs

An initial public offering (IPO) refers to the process of offering shares of a private corporation to the public in a new stock issuance. Public share issuance allows a company to raise capital from public investors.

Source: investopedia.com

Report: Klaviyo Considers Pricing IPO Above Indicated Range
Report: Klaviyo Considers Pricing IPO Above Indicated Range
September 19, 2023  |  IPO

Klaviyo is reportedly considering pricing its initial public offering (IPO) at the top of its indicated price range or even slightly above it. The marketing automation...

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Grocers Grapple With Direct Delivery as Instacart Goes Public
Grocers Grapple With Direct Delivery as Instacart Goes Public
September 19, 2023  |  Delivery

With Instacart going public Tuesday (Sept. 19) via initial public offering (IPO), grocers are rethinking their direct delivery businesses. Some are investing more in their...

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DoorDash Adds 8 Grocers as Aggregators Step Up Non-Restaurant Offerings
DoorDash Adds 8 Grocers as Aggregators Step Up Non-Restaurant Offerings
September 18, 2023  |  Delivery

DoorDash is expanding its grocery selection as, across the industry, restaurant delivery services add more retailers in the leadup to Instacart going public. The United...

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This Week in AI: Big Tech Comes to Capitol Hill, Arm Goes Public
This Week in AI: Big Tech Comes to Capitol Hill, Arm Goes Public
September 15, 2023  |  artificial intelligence

Another week, another growth spurt for the artificial intelligence (AI) sector. The U.S. Senate returned from its summer recess primed to tackle AI legislation with...

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Instacart Increases IPO Price Range and Targets up to $9.9 Billion Valuation
Instacart Increases IPO Price Range and Targets up to $9.9 Billion Valuation
September 15, 2023  |  IPO

Instacart is reportedly looking to raise $660 million in its upcoming initial public offering (IPO). The grocery-delivery company decided to increase the price range for...

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InsurTech Downturn Proves Promise of Disruption Is Sometimes Derailed
InsurTech Downturn Proves Promise of Disruption Is Sometimes Derailed
September 15, 2023  |  Insurance

FinTech platforms promise to disrupt entire verticals, bringing ease and speed to sectors that have traditionally been marked by complexity and paper-based interactions. And yet...

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Uber Eats Adds New Grocers as Restaurant Aggregators Take on Instacart
Uber Eats Adds New Grocers as Restaurant Aggregators Take on Instacart
September 13, 2023  |  Aggregators

Uber Eats is partnering with The Save Mart Companies as restaurant aggregators step up their grocery selections to remain competitive while Instacart prepares to go...

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German Footwear Brand Birkenstock Announces Plans for IPO in New York
German Footwear Brand Birkenstock Announces Plans for IPO in New York
September 13, 2023  |  Retail

Birkenstock has filed to go public through an initial public offering (IPO) in New York. The German footwear brand did not specify in its Tuesday (Sept....

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Goldman Sachs CEO Says Inflation May Be More Persistent Than Expected
Goldman Sachs CEO Says Inflation May Be More Persistent Than Expected
September 13, 2023  |  Economy

Goldman Sachs CEO David Solomon reportedly expressed uncertainty about the U.S. economic outlook while highlighting the potential for a soft landing. The chance of a relatively soft landing...

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