uber Uber Pours $457 Million Into Self-Driving and Flying Cars Ahead of IPO Uber's IPO prospectus reveals a massive $457 million investment in autonomous vehicles and flying cars last year. Despite this heavy spending, the company admits it will rely heavily on human drivers for the foreseeable future.
uber Uber Files S-1 for NYSE Debut in Potential $120 Billion IPO Uber releases its official IPO prospectus to list on the New York Stock Exchange under the ticker "UBER." The ride-hailing giant reports $11.27 billion in 2018 revenue and prepares for a May public debut following Lyft's recent market entry.
zoom Profitable Video Conferencer Zoom Nears IPO Amid CFO Scrutiny Zoom sets its IPO price range between $28 and $32 per share, targeting a fully diluted market value of $8.7 billion. The company's CEO publicly addresses an anonymous tip regarding the CFO's past workplace conduct but confirms she will remain in her role.
startups U.S. Startups Raise $30.8 Billion in Record Q1 Funding Surge U.S. startups collect $30.8 billion in Q1 2019, driven heavily by massive late-stage financings. Meanwhile, newly public companies like Lyft face early stock market turbulence.
slack Slack Selects New York Stock Exchange for Upcoming Direct Listing Slack plans to bypass a traditional IPO and pursue a direct listing on the NYSE, mirroring the strategy Spotify used last year. The messaging giant chooses this route to provide liquidity for employees and investors without raising new capital.
lyft Lyft Debuts on Nasdaq With Strong Pop Despite Record Losses Lyft makes its public debut on the Nasdaq with a 21 percent pop in its opening price, valuing the ride-hailing company at $24 billion. The highly anticipated IPO sets the stage for upcoming gig economy offerings like Uber.
lyft Lyft Debuts Strong on Nasdaq With a $26.6 Billion Valuation Lyft concludes its first day of trading up 8.7%, securing a massive market cap despite reporting nearly a billion dollars in net losses. The successful launch sets a positive stage for upcoming tech IPOs like Uber and Pinterest.
lyft Lyft Prices IPO at $72 Per Share to Reach $20.5 Billion Valuation Lyft officially prices its initial public offering at the top of its expected range, valuing the ride-hailing company at over $20 billion. The stock begins trading Friday as the first of several major tech start-ups to go public this year.
lyft Lyft Sets $62 to $68 Price Range Ahead of Nasdaq Debut Ridesharing company Lyft officially starts its IPO roadshow with plans to trade on the Nasdaq under the ticker LYFT. The offering aims to raise up to $2.1 billion despite the company reporting significant net losses.
uber Uber Seeks Up to $1 Billion for Self-Driving Unit Ahead of IPO Uber negotiates a massive funding round for its autonomous vehicle division, aiming for a valuation up to $10 billion. The deal helps boost the company's public image as it prepares for its initial public offering.
uber Uber Burned $20 Million Monthly on Unrealistic Self-Driving Goals Newly unsealed court documents reveal that Uber spends a massive $20 million a month on its self-driving division while chasing highly speculative targets of 75,000 autonomous vehicles.
lyft Lyft Files for IPO With $2.2 Billion Revenue and Growing Losses Ride-hailing company Lyft officially files its S-1 to go public on the Nasdaq, revealing massive revenue growth alongside nearly $1 billion in net losses for 2018. The highly anticipated debut values the company at over $20 billion as it competes against rival Uber.
softbank SoftBank Faces Backlash Over Chaotic Strategy As Pinterest and Lyft Prep IPOs Limited partners voice concerns over the SoftBank Vision Fund's chaotic decision-making and inflated valuations, raising ethical questions for portfolio startups. Meanwhile, Pinterest and Lyft take steps toward highly anticipated public offerings.
patreon Patreon Faces Big Creator Economy Opportunities Amid Niche Market Limits Patreon stands as the leading membership platform for creators, but its path to massive revenue depends on a relatively small pool of high-earning artists. As major tech companies and startups race to offer creator monetization tools, Patreon's ultimate financial ceiling remains uncertain.
zoom Video Conferencing Firm Zoom Targets April IPO After Confidential SEC Filing Zoom plans to file its public S-1 by late March and potentially debut on the stock market as soon as April. The highly valued company looks to build on its rapid growth and top-rated CEO reputation.