HashiCorp aiming for IPO valuation of up to $13 billion in updated S-1

HashiCorp employees at the HashiConf Startup Conference in San Francisco in October 2018. HashiCorp Cloud software supplier HashiCorp updated its initial public offering prospectus on Monday, revealing plans to sell shares at a price that would value the company as high as $13 billion. HashiCorp, which was last privately valued at $5.1 billion in 2020, … Read more

NetEase’s launches $500 million Hong Kong IPO for its music business

Cloud Village, NetEase’s music streaming arm, is running the NetEase Cloud Music app viewed on a smartphone in this image. Fan Jianli | China Optical Group | Getty Images Guangzhou, China – NetEase has launched a Hong Kong initial public offering (IPO) for its Cloud Village music business that could raise nearly $500 million. Cloud … Read more

This year’s hottest technology IPOs are having a difficult day

An electric Rivian R1T pickup truck during the company’s initial public offering outside the Nasdaq MarketSite in New York, Wednesday, November 10, 2021. Bing Guan | Bloomberg | Getty Images Some of the hottest tech IPOs of the year, including Rivian, Affirm and Roblox, fell into the market on Monday, as the high-tech Nasdaq sank … Read more

(SG) starts trading on the New York Stock Exchange

Shares of the power chain Sweetgreen surged 91% in their first public market debut Thursday afternoon. The stock opened at $52 per share, giving the company a market value of more than $5.5 billion. The company priced its initial public offering at $28 a share Wednesday night, above the marketed range of $23 to $25 … Read more

India’s Paytm makes stock market debut

A man exercises in a gym near the barcode of Paytm, an Indian mobile-based digital payment platform, in New Delhi on November 18, 2021. Sajjad Hussain | AFP | Getty Images Shares in India’s Paytm plunged 24% on its first trading day, as investors questioned the money-losing digital payments company’s business model even though it … Read more

Chobani files to go public through IPO as its yogurt sales rise

Packages of Chobani yogurt lie on a shelf in a grocery store on July 7, 2021 in Washington, DC. Drew Angerer | Getty Images Yoghurt and oat milk maker Chobani filed Wednesday for an IPO on the Nasdaq Stock Exchange under the symbol “CHO,” becoming the latest food and beverage company to attempt to enter … Read more

China’s NetEase revives Hong Kong IPO of its music streaming arm

Cloud Village, NetEase’s music streaming arm, is running the NetEase Cloud Music app viewed on a smartphone in this image. Fan Jianli | China Optical Group | Getty Images Guangzhou, China – Cloud Village – the music-streaming arm of NetEase – is moving ahead with an initial public offering in Hong Kong after it was … Read more

Backblaze IPO takes opposite approach to Rivian, going public small

Gleb Bodman, Co-Founder and CEO of Backblaze, Center, appears in New York for the first time on the company’s Nasdaq on November 11, 2021. Source: Backblaze Electric car maker Rivian Automotive, which generates virtually no revenue, grabbed the headlines this week after raising nearly $12 billion in its initial public offering and then watching its … Read more

Rivian founder R.J. Scaringe is worth $2.2 billion after company’s IPO

After its first two trading days in 2010, electric car maker Tesla had a market capitalization of just over $2 billion. RJ Scaringe, CEO of electric vehicle manufacturer Rivian, deserves that much on his own after his company’s second day in the public market. Shares of Rivian rose 57% in its first two days on … Read more

Rivian pre-order customers made over $240 million in profit on IPO pop

Rivian electric trucks are seen parked near the Nasdaq MarketSite building in Times Square on November 10, 2021 in New York City. Michael M. Santiago | Getty Images Rajiv Patel, an environmental consultant in Austin, Texas, placed a $1,000 deposit on an electric Rivian earlier this year. He has no idea when he will get … Read more