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.
slack Workplace Chat App Slack Confidentially Files for Public Listing Slack confidentially submits a draft registration statement to the SEC for a public listing. The business messaging company plans a direct listing and seeks a valuation exceeding $10 billion.
ipo Tech Companies Bypass Wall Street With Direct Listing Trend Major tech companies like Spotify, Slack, and Airbnb choose direct listings over traditional IPOs to avoid Wall Street fees and roadshows.
ipo 2019 Unicorn IPO Outlook: Eyes on Uber and Lyft Experts predict 2019 will be another strong year for tech IPOs with all eyes on Uber and Lyft.
ipo Government Shutdown Delays Highly Anticipated 2019 Tech Unicorn IPOs The ongoing government shutdown forces major tech companies like Uber and Lyft to postpone their planned public debuts. Meanwhile, startups like Postmates and N26 continue to secure massive private funding rounds.
dropbox Dropbox Stock Surges 43% in Strong Public Trading Debut Dropbox officially goes public and sees its stock price jump nearly 43 percent on its first day of trading, pushing its valuation well above initial expectations.
spotify Spotify Chooses Direct NYSE Listing to Bypass Traditional IPO Tactics Spotify announces it plans to go public via a direct listing on April 3rd, allowing equal access and market-driven pricing without intermediary bankers. The music streaming giant currently boasts 159 million monthly active users and holds a valuation up to $23.4 billion.