Tag: ipo
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Robinhood prices IPO at $38 per share, valuing the online brokerage app at $32 billion
SOPA Images/Getty Images Robinhood priced its IPO at $38 per share on Wednesday, valuing the company at about $32 billion.The online brokerage app revealed surging growth in its S-1 filing amid the COVID-19 pandemic and government stimulus checks.Robinhood is set to trade on the Nasdaq under the symbol "HOOD" on Thursday.Sign up here for our…
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Electric truck startup Rivian is eyeing a $70 billion valuation in upcoming IPO, report says
Rivian R1T. Andi Hedrick/Rivian Rivian Automotive is targeting an IPO that could value the electric vehicle startup at $70 billion, according to a Bloomberg report.The company is working with advisers from Goldman Sachs, JPMorgan, and Morgan Stanley.Rivian is backed by Amazon and was valued at $27.6 billion when it raised $2.65 billion in January.Sign up…
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SpaceX raises $850 million at Elon Musk’s favorite price of $420 per share, report says
Tesla chief Elon Musk owns SpaceX Pool/Getty Images Elon Musk’s SpaceX is now valued at around $74 billion. The aerospace company raised $1.9 billion in August as it funds Starlink and Starship. Musk said earlier in February that Starlink will IPO at some point in the future. Sign up here for our daily newsletter, 10 Things Before…
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Elon Musk once again says SpaceX’s Starlink internet service will IPO once its cash flow is more predictable
SpaceX owner and Tesla CEO Elon Musk. REUTERS/Hannibal Hanschke SpaceX’s Starlink internet service will go public once its cash flow is predictable, Elon Musk said Tuesday. SpaceX must endure “a deep chasm of negative cash flow” over the next year to make Starlink financially viable, Musk said. Both Musk and Gwynne Shotwell, SpaceX’s COO, have…
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Churchill Capital Corp IV extends 2-day surge to over 50% on news of plans to take Lucid Motors public via SPAC
Electric vehicle charging. Jackyenjoyphotography/Getty Images Stocks of Churchill Capital Corp.. IV are around 50 percent in a post-apocalyptic series to start the week. News of the SPAC possibly taking EV business Lucid Motors public is pushing the share price greater. The fourth of seven’blank-check’ businesses worked by Michael Klein, Churchill Capital Corp.. IV’s plan for…
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Car-rental app Turo aims to list shares publicly in 2021, report says
Turo Car-rental startup Turo aims to list its shares publicly in 2021 after a strong end to 2020, the company’s CEO told The Wall Street Journal in a report published Friday. Turo allows people to offer their private vehicles for rental, a car-sharing alternative to industry giants such as Hertz or Avis. CEO Andre Haddad…
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Elon Musk says it’s now ‘impossible’ to take Tesla private – and that a Starlink IPO is likely
Tesla CEO Elon Musk. Amy E. Price/Contributor/Getty Images Elon Musk said Friday that it is currently”impossible” to take Tesla private. “Tesla public company duties are a much bigger factor, but going private is impossible now (sigh),” Musk tweeted. In response to some other consumer, Musk said that”engineering, design & general company operations” have been a”fundamental…
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Recent IPO frenzy is ‘unsustainable’ and could end in ‘many accidents,’ CEO of world’s largest asset manager says
FILE PHOTO: Larry Fink, Chief Executive Officer of BlackRock, stands at the Bloomberg Global Business forum in New York Reuters The recent frenzy for IPOs is “unsustainable” and could end in “many accidents,” BlackRock’s CEO Larry Fink said at a fintech conference, according to Bloomberg.The comments from Fink come days after the impressive public trading…