postmates Postmates Prepares to Go Public Amid Fierce Food Delivery Competition Postmates plans to release its IPO paperwork in September, aiming for a stock market debut by the end of the third quarter. The delivery company moves forward with its public offering despite ongoing industry consolidation and fierce competition from Uber and DoorDash.
proterra Electric Bus Maker Proterra Nears Unicorn Status With New Funding Round Proterra authorizes a $75 million funding round that pushes its valuation past $1 billion. The electric bus manufacturer also expands its business by selling battery systems to commercial truck makers.
uber Uber Posts Record $5.2 Billion Loss as Growth Slows Uber reports a massive $5.2 billion second-quarter loss, its largest ever, while revenue growth slows to just 14 percent. The disappointing earnings cause the company's stock to plummet more than 11 percent.
uber Uber Posts Record Quarterly Loss as Expenses Outpace Revenue Growth Uber reports its largest quarterly loss in company history, driven by significant stock-based compensation costs following its recent IPO. The ride-hailing giant continues to prioritize growth over immediate profitability.
slack Slack Bypasses Traditional IPO With $15.6 Billion Direct Listing Slack lists its shares on the New York Stock Exchange through a direct offering rather than a traditional IPO, achieving a $15.6 billion valuation.
slack Workplace Chat Giant Slack Surges 48% in Historic Direct Listing Debut Slack bypasses traditional IPO methods to launch directly on the NYSE, seeing its stock jump nearly 50 percent and pushing its market cap past $20 billion.
slack Slack Debuts on NYSE With Strong Volume in Direct Listing Slack bypasses a traditional IPO and successfully goes public via a direct listing, opening with unexpectedly high trading volume and steady stock prices.
slack Slack Stock Surges 48% in Unusual Direct Listing Debut Slack jumps nearly 50% in its first day of trading on the New York Stock Exchange, reaching a $19.5 billion market cap. The company bypasses a traditional IPO to allow existing shareholders to sell shares directly to the public.
uber Uber Stumbles in Highly Anticipated Wall Street Debut Uber shares fall below their initial public offering price on the first day of trading, dealing a blow to the ride-hailing giant's conservative pricing strategy.
tech industry Disappointing IPOs and Antitrust Scrutiny Highlight Turbulent Tech Year A look back at 2019 reveals a turbulent year for the tech industry, marked by failed public offerings and increasing antitrust scrutiny. Major startups struggle to maintain their valuations as investor confidence wavers.
uber Uber Eliminates COO and CMO Roles in Major Post-IPO Shake-Up Uber CEO Dara Khosrowshahi announces the departure of both the COO and CMO as the company restructures following its recent public offering. The executives will not be directly replaced, with business leaders instead reporting straight to the CEO.
zoom Zoom Crushes Expectations In Debut Earnings Report As Stock Surges Zoom easily beats analyst predictions in its first earnings report since going public, posting $122 million in revenue. The profitable video communications company also raises its financial guidance for the full year.
uber Uber Stock Surpasses IPO Price Following Positive Analyst Reports Uber finally trades above its initial public offering price after a wave of positive analyst ratings ends the post-IPO quiet period. The ride-hailing giant reaches this milestone while reporting a $1 billion quarterly loss but record daily trip numbers.
slack Slack Posts $134.8 Million in Q1 Revenue Ahead of Direct Listing Slack reveals a 67% revenue increase in its first quarter as it prepares for a June 20 direct listing on the NYSE. The workplace messaging giant reports growing sales alongside ongoing losses ahead of its public debut.
uber Uber Reports $1 Billion First-Quarter Loss in Debut Public Earnings Uber reveals a $1 billion loss on $3.1 billion in revenue for its first quarterly report as a public company. The ride-hailing giant sees slow growth in its core business while its food delivery segment surges.