Dropbox confidentially files for IPO

Data-sharing business Dropbox has filed confidentially for a initial public offering led by Goldman Sachs and JPMorgan Chase, Bloomberg reported, citing people familiar with the matter. Dropbox is in talks with other banks to fill additional roles on the IPO and is aiming to be listed in the first

Dropbox confidentially files for IPO

Data-sharing business Dropbox has filed confidentially for a initial public offering led by Goldman Sachs and JPMorgan Chase, Bloomberg reported, citing people familiar with the matter. Dropbox is in talks with other banks to fill additional roles on the IPO and is aiming to be listed in the first

Spotify makes ‘confidential’ filing for an IPO this spring

Spotify has filed confidentially for an initial public offering with the US Securities and Exchange Commission and is moving ahead with a direct listing in the first half of the year, a source familiar with the matter said Wednesday. If the music streaming service, which was valued at as

Legal battle could block Spotify’s plan for IPO

Spotify may need to put its hopes of going public on ice. Despite confidentially filing for an initial public offering, the music-streaming service is facing a heap of legal troubles that could block its efforts to launch an IPO, one New York lawyer said Wednesday. Wixen Music Publishing slapped Spotify,

Spotify makes “confidential’ filing for an IPO this spring

Spotify has filed confidentially for an initial public offering with the US Securities and Exchange Commission and is moving ahead with a direct listing in the first half of the year, a source familiar with the matter said on Wednesday. If the music-streaming service, with was valued at as

Payday lender’s IPO gets a ‘meh’ from Wall St.

Payday lenders aren’t getting much traction on Wall Street. Curo Financial, which operates controversial loan firms like Speedy Cash that typically target lower-income borrowers, had a middling start to its initial public offering on Thursday, as unresolved regulatory concerns still loom in Washington. The stock which priced at the low

Payday lenders have new hope with Trump’s CFPB

The loan sharks smell blood. A payday lender selling loans derided as “debt traps” by the Consumer Financial Protection Bureau is going public — and it’s banking on the Trump administration going easy on it. More On: payday loans Loan sharks are preying on the city's poorest residents Regulators are planning a crackdown

Spotify investor wants company to go public next spring

Venture Capital firm Northzone, one of the largest stakeholders in Spotify, would like to see the music streaming company’s flotation in the spring, depending on market sentiment, one of its partners said on Thursday. Par-Jorgen Parson, who is also a former board member at Spotify, said he did not

Spotify investor wants company to go public next spring

Venture Capital firm Northzone, one of the largest stakeholders in Spotify, would like to see the music streaming company’s flotation in the spring, depending on market sentiment, one of its partners said on Thursday. Par-Jorgen Parson, who is also a former board member at Spotify, said he did not

Investors drop Stitch Fix after big open

Investors’ hopes of making a quick buck on Stitch Fix’s first day as a public company quickly unraveled Friday. Shares of the online personal shopping company stormed out of the gate, rising nearly 25 percent in the first minutes of trading. Investors might have been dreaming of upgrading their closets. But

Reddit could go public in 2 years to boost parent company

Reddit, the online discussion platform that has weathered a few storms, says it could be looking at an initial public offering in two years that could give a big boost to its beleaguered parent company, Advance Publications. Reddit CEO Steve Huffman dropped the news at a conference on Monday,

Reddit could go public in 2 years to boost parent company

Reddit, the online discussion platform that has weathered a few storms, says it could be looking at an initial public offering in two years that could give a big boost to its beleaguered parent company, Advance Publications. Reddit CEO Steve Huffman dropped the news at a conference on Monday,

Roku prices IPO at high end of expectations

Video streaming firm Roku Inc. raised about $219 million in an initial public offering that was priced at the higher end of its expected price range, the company said. The offering of 15.7 million shares follows disappointing launches of Snap Inc. and Blue Apron earlier this year, and was priced at

Company files “mini-IPO’ aiming to profit from Eminem royalties

First Bowie Bonds. Now Eminem Equity. Fans of the rapper may soon be able to put their money where their heart is. A small music industry company on Monday filed a “mini-IPO” for a company whose revenue stream will consist of royalties paid on songs owned by Eminem. The mini-IPO will give individuals

Angry Birds maker lowballs its IPO valuation at $1B

Finnish mobile games maker Rovio Entertainment set a price range on Friday for its planned listing that would value the maker of “Angry Birds” at up to $1.1 billion, well below potential values cited in media reports. The company, whose business is recovering after a tough couple of years, announced its

Angry Birds maker lowballs its IPO valuation at $1B

Finnish mobile games maker Rovio Entertainment set a price range on Friday for its planned listing that would value the maker of “Angry Birds” at up to $1.1 billion, well below potential values cited in media reports. The company, whose business is recovering after a tough couple of years, announced its

“Angry Birds’ maker says it will launch an IPO

“Angry Birds” maker Rovio Entertainment is moving ahead with a long-awaited initial public offering to help fund new games and deals in a consolidating industry, it said on Tuesday. The Finnish company said it would raise around 30 million euros ($36 million) by selling new shares, while existing investors — which

“Angry Birds’ maker says it will launch an IPO

“Angry Birds” maker Rovio Entertainment is moving ahead with a long-awaited initial public offering to help fund new games and deals in a consolidating industry, it said on Tuesday. The Finnish company said it would raise around 30 million euros ($36 million) by selling new shares, while existing investors — which

YogaWorks takes a beating on first day of trading

YogaWorks did the downward-facing dog in its first pose as a public company. Shares of the Santa Monica, Calif.-based yoga studio chain fell as much as 20 percent — to below $5 — Friday in their first day of trading on the Nasdaq. The drop is a doozy, considering that YogaWorks had

Spooked investors send Snap shares spiraling

The brass at Snap kept talking about “early days” after announcing disappointing results, but investors reacted as if the end was near. Shares of Snapchat’s corporate parent plunged more than 17 percent in after-hours trading on Thursday, to about $11.40 per share, after the company reported a wider-than-expected loss on disappointing

Blue Apron reports major loss despite customer growth

Blue Apron cooked up a major loss in its first quarter as a publicly traded company, and the stock is getting burned again. The meal-kit delivery service said it lost 47 cents a share in the second quarter, far wider than Wall Street’s forecast of 30 cents a share. And although Blue

Fatburger files for IPO despite exec’s shady past

Los Angeles sensation Fatburger is angling to be the next hot burger chain to go public — but investors might not be able to stomach what they see when they read the fine print. On Thursday, Fatburger Chief Executive Andrew Wiederhorn announced that the 200-location company intends to file an initial

Snap shares sink to an all-time low as investor lockup ends

Shares of Snap, owner of the Snapchat messaging app, fell as much as 5 percent on Monday to a new low as a share lockup ended, allowing for sales by early investors and pushing it further below its March initial public offering price. Starting on Monday and extending into August, early

Spotify says it now has 60 million subscribers

Spotify now has 60 million paying subscribers, adding 10 million subscribers in less than five months, a spokeswoman for the music streaming company said on Monday. The spokeswoman declined to comment on a report in the Financial Times that the Swedish company was eyeing a listing as soon as the fourth

Spotify says it now has 60 million subscribers

Spotify now has 60 million paying subscribers, adding 10 million subscribers in less than five months, a spokeswoman for the music streaming company said on Monday. The spokeswoman declined to comment on a report in the Financial Times that the Swedish company was eyeing a listing as soon as the fourth

Snap shares sink to an all-time low as investor lockup ends

Shares of Snap, owner of the Snapchat messaging app, fell as much as 5 percent on Monday to a new low as a share lockup ended, allowing for sales by early investors and pushing it further below its March initial public offering price. Starting on Monday and extending into August, early

Silicon Valley preps for a potential flood of Snap shares

Our Silicon Valley spies are all atwitter over Snap and the more than 1 billion shares that may be flooding the market in the next two weeks after the 180-day initial public offering lockup expires. CEO Evan Spiegel and newlywed wife actress Miranda Kerr may want to do some estate planning

Redfin IPO soars 45 percent on first day of trading

Redfin Corp. gave birth on Friday, and the baby (IPO) was showered with love from Wall Street. Shares, trading on the Nasdaq Global Select Market under the ticker symbol RDFN, soared 45 percent, to $21.70. Redfin, a real-estate company that utilizes online technology with traditional agents for buying and selling homes, priced

High Times is gearing up for an IPO

The publisher of iconic marijuana enthusiast magazine “High Times” plans to take the company public in the fall, two sources familiar with the situation told Reuters this week, as an increasing number of US states legalize the drug. Oreva Capital, which in June announced it had bought a controlling interest in

Blue Apron’s IPO underwriters aren’t worried about Amazon

Blue Apron shares surged nearly 19 percent Monday as the banks that took it public released a slew of bullish analyst reports, blowing off fears about a looming competitive threat from Amazon. Goldman Sachs and seven other banks, all of whom were underwriters on the meal delivery company’s initial public offering