One of the most profound changes in the investment landscape over the past 15 years has been the loss of a once-vibrant IPO market.But knowing how it will end is different than knowing when it will end, and no one knows the answer to that.In the meantime — before it ends — fortunes and careers will be made.
Morgan Stanley isn't crazy about Tinder, the dating app that allows users to approve or reject potential mates by swiping left or right. And a big reason why is that the app's user base is young people, and young people don't like paying for dating apps.
Benchmark Capital partner Bill Gurley is sounding the alarm about startup investments again.In a blog post,Gurley said that of the 80 privately held tech companies currently worth $1 billion or more, very few should consider going public right now."Lost in this conversation are the dramatic differences between a high priced private round and an IPO," he says.
Subscription billings platform Zuora announced that it has nabbed another huge round of funding at $115 million on Wednesday, bringing its total capital raised to $250 million.Zuora CEO Tien Tzuo didn’t comment on the company’s valuation or its financial figures.
Lending Club, the online marketplace for loans, has raised its IPO price range to $12 to $14 a share from $10 to $12.At the top range of that, Lending Club will raise up to $929 million when it goes public tomorrow, which makes it the largest IPO for a US tech company this year. On a fully diluted basis, Lending Club will be worth more than $6.5 billion.
The retirement accounts of millions of Americans have long contained shares of stalwart companies like General Electric, Ford and Coca-Cola. Today, they are likely to include riskier private stocks from Silicon Valley start-ups like Uber, Airbnb and Pinterest, David Gelles and Conor Dougherty report.Big money managers including Fidelity Investments, T.
Fitbit, the company that makes wearable fitness trackers, plans to IPO in 2015, Serena Saitto and Leslie Picker of Bloomberg report . The company will reportedly have Morgan Stanley lead the offering, which could raise about $150 million, according to Bloomberg's sources. Since it was founded in 2007, Fitbit has raised $66 million total , most recently through a $43 Series D round in August 2013.
o, why the car industry? Because the automobile industry is massive.This chart, made for us by BI Intelligence based on data from Morgan Stanley , shows that the car market is roughly the size of the smartphone market in terms of sales.
Morgan Stanley just came out with an incredibly bullish video illustrating their views on Tesla's explosive potential. Adam Jonas, who leads the auto research team at Morgan Stanley, offers his view of why Tesla "may be the world's most important car company:"This is a hyper-ambitious company, and the only one we cover whose stock price can realistically multiply by ten.
Google has never shied away from novelty or big spending to find ways to connect more people to the Internet. Over the last two years, its ideas have included fleets of little satellites, solar-powered drones that would fly around the world and balloons that float high into the stratosphere, beaming the Internet to those below, Conor Dougherty reports.
Update: The stock recovered a bit right before close but still finished down almost 3%. Original story below: Stocks are down to start the week , but quietly, shares of Apple are getting crushed, too. Apple shares are down more than 3% against the market's roughly 1.8% decline.
Box’s long-awaited IPO may finally happen this week. But if you are an investor planning to buy its shares, there’s one thing to understand: it's selling dual-class shares. According to its S1, Box is offering two types of shares in its offering, Class A and Class B.
Crowdfunding sites are typically meant for companies with bright ideas, but they don't work so well for personal fundraising -- there's a lot of setup involved, and the fees you'll pay could be better spent on the cause in question. Indiegogo wants to make those personal campaigns relatively painless with its newIndiegogo Lifesite.
When I recently wrote about Slack, a corporate messaging app that has aspirations to replace email, investors valued the company at $1 billion. That was a month ago. Today, the start-up announced that it has raised $160 million from a half dozen investors, and that it is now worth $2.8 billion.
YOU might be worth a million (someday), but your pre-revenue company is not... and it def ain't worth $8-12M+ cap."Y Combinator head Sam Altman agrees with other recent complaints that early stage startups are often overvalued. But he blames investors, not the founders who started those companies.
It looks like supply is finally catching up with demand for Apple’s newest and hottest smartphones.According to Apple’s website, most models of the iPhone 6 and iPhone 6 Plus are now shipping in just one business day, across all major carriers.The lone exceptions are the 128 GB models of each phone, which are shipping between 3-7 business days, depending on the carrier.