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Wealth Quote of the Day by Stanley Tang, “Success comes down to hard work plus passion, over time.” Why the DoorDash co-founder believes relentless effort and long-term focus turn challenges into lasting wealthWealth Quote of the Day by Stanley Tang, “Success comes down to hard work plus passion, over time.” Stanley Tang, DoorDash cofounder and bi...
Doordash held talks with UK's Deliveroo on takeoverDoordash showed interest in acquiring Deliveroo, but talks ceased over valuation. Deliveroo's shares closed at 127.5 pence, valuing the com...
Arm and Instacart add to losses after lukewarm analyst reportsShares of Arm Holdings and Instacart deepened their recent losses on Friday after analysts gave lukewarm ratings to the two companies that ...
Instacart goes from the supermarket to the stock market, raising $660 million with its IPOThe San Francisco-based grocery delivery company raised $660 million in its initial public offering of stock, selling 22 million shares at ...
DoorDash lifts core profit target for second time on higher ordersDoorDash said it expects gross order value - total value of all app orders and subscription fees - to be between $64.2 billion and $65.2 bi...
Carlyle, others to part-sell Delhivery stakes; govt issues FAQs on IT rulesPrivate equity major Carlyle is among the investors in new-age logistics firm Delhivery that will sell portions of their stakes in the comp...
SoftBank Vision Fund sells $2 billion of DoorDash sharesSoftBank Group CEO Masayoshi Son has tapped his shareholdings in DoorDash Inc. for the third time in just six months, selling $2 billion wo...
Newly listed US stocks catch the fancy of IndiansNew listings on Wall Street are appealing to investors in India. Robinhood, the largest retail brokerage in the US, made its debut on Wall ...
What became of 2020's biggest US tech IPOs?2020 was a banner year for US tech IPOs. We look back at the three biggest ones and check how they've fared since.
Zomato may see good listing gains, but big returns unlikely laterLike its overseas peers, Zomato is still to make profits, as it is still in its early growth phase.
Exclusive: Zomato on course for $1 billion IPO without investor exitsThe Zomato IPO—slated for later this year—is expected to raise $750 million to $1 billion through a 100% primary offering, keeping in mind ...
Zomato closes $250 million funding round at $5.4 billion valuationZomato has benefited from a revival in the online food ordering sector after a few tough months last year due to the nationwide lockdown, i...
SoftBank will have up to 20 IPOs a year: SonAfter a record profit of $8 billion in the December quarter, Son said, “I want to have that kind of rhythm to list 10 or 20 companies per y...
Zomato set to close $500 million pre-IPO funding roundWith the fresh capital, Zomato is expected to have a valuation of $5.5 billion and $1 billion in cash as it inches closer to an initial pub...
Airbnb and DoorDash broke the IPO market; here’s a fixDoorDash and Airbnb soared in their trading day debuts, rallying 86 per cent and 113 per cent, respectively, from the IPO prices at which t...
IPOs are being priced at unsustainable levels, warns BlackRock CEOFink said some IPOs are being priced at levels that are ultimately “unsustainable.” He didn’t mention any companies.
Airbnb valuation reaches $100 billion in trading debut surgeSan Francisco-based Airbnb’s fully diluted valuation is even higher, around $100 billion including employee stock options and restricted st...
Airbnb reaches $47 billion value in above-range IPOAirbnb and its investors sold about 52 million shares Wednesday for $68 each after marketing them for $56 to $60 each.
Airbnb set for huge day-one pop, value could top $100 billionThe stock will start trading Thursday, with early pricing indications climbing as high as $150 per share, way above the $68 IPO price.
Blockbuster IPO market still calls for cautious approachIPOs slowed sharply in the spring due to the pandemic, but they surged in the summer as the market recovered from a steep slump and rallied...