Robinhood valued at $32 billion after selling shares in IPO at $38 per share

Robinhood's was last valued in the private market at $11.7 billion in September, and has since expanded its user base.
Tags: Ipo, Robinhood

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 daily newsletter, 10 Things Before the Opening Bell.Robinhood priced its IPO at $38 on Wednesday, valuing the online brokerage app popular with retail...
Tags: Ipo, Trends, Markets, Tesla, Reddit, Trading, SEC, Stocks, Stock Market, Robinhood, Vlad Tenev, Matthew Fox, Baiju Bhatt, Robinhood Stock, Robinhood app, Ipo 2021

2degrees names new chairman - who will take over if IPO proceeds

2degrees says professional director Mark Cairns will take over as its new chairman if its IPO proceeds.The mooted chairman is notable on two fronts. Read More As Vocus Group sale wraps up, attention turns to NZ arm's IPO ... [Author: [email protected]]
Tags: Business, Ipo, Nz, Mark Cairns, Vocus Group

US stocks trade mixed as Powell says economy is making progress

Jerome Powell Pool/ Getty Images US stocks closed mixed on Wednesday after Fed Chairman Jerome Powell said the economy is making progress towards it tapering standards.Despite the economic progress, Powell said the Fed is not yet ready to begin tapering its monthly bond purchases.Investors were also digesting earnings results from mega-cap tech companies like Apple, Alphabet, and Microsoft.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.US stocks were mixed on Wedne...
Tags: Apple, Microsoft, Ipo, Elizabeth Warren, US, Trends, Markets, Beijing, Treasury, Crypto, Warren, Janet Yellen, Federal Reserve, Stock Market, Nasdaq, S&P 500

Language app Duolingo jumps 36% in its public-market debut

Duolingo, the Pittsburgh-based startup whose free, gamified approach to language learning has already made it one of the most popular education apps in the world, is jumping into language testing. Shutterstock Duolingo closed up 36% in the language-app maker's trading debut Wednesday after pricing its IPO at $102 a share. The IPO price was higher than an estimated range that was raised to $95-$100. Duolingo, which offers courses for 40 languages, raised $521 million from the offerin...
Tags: Google, Ipo, Trends, Markets, Duolingo, Pittsburgh, Carla Mozee, Tech Stocks, MI Exclusive, DUOL stock price, Duolingo trading debut, Duolingo IPO, Shutterstock Duolingo

Language app Duolingo jumps 42% in its public-market debut

Duolingo, the Pittsburgh-based startup whose free, gamified approach to language learning has already made it one of the most popular education apps in the world, is jumping into language testing. Shutterstock Duolingo soared Wednesday in the language-app maker's trading debut after its IPO priced at $102 a share. The IPO price was higher than an estimated range that was raised to $95-$100. Duolingo, which offers courses for 40 languages, raised $521 million from the offering. See ...
Tags: Google, Ipo, Trends, Markets, Nasdaq, Duolingo, Pittsburgh, Carla Mozee, Tech Stocks, MI Exclusive, DUOL stock price, Duolingo trading debut, Duolingo IPO, Shutterstock Duolingo

Duolingo’s IPO pricing is great news for edtech startups

While the Chinese technology market digests a new regulatory landscape impacting the country’s edtech market in a sharply negative manner, U.S. education technology companies have something to cheer about: Duolingo’s IPO priced very well. The language-learning unicorn initially targeted an $85 to $95 per-share IPO price range. That interval was later raised to $95 to $100 per share. And then, last night, Duolingo priced at $102 per share, just over its raised range. That’s the sort of IPO pricin...
Tags: Fundings & Exits, Startups, Education, China, Ipo, Tech, United States, Edtech, Duolingo, Initial Public Offering, Valuation, Startup Company, Unicorn, EC Edtech, EC United States

Some large asset managers are reportedly mulling sitting out Robinhood's IPO for fear of retail-driven volatility

Robinhood app SOPA Images/Getty Images Some big asset managers may sit out Robinhood's upcoming IPO, according to the Financial Times. Robinhood plans to allocate up to 35% of its listing to retail investors buying through its own app. Retail-driven volatility could work in favor of the stock, especially on the first day. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Some institutional investors are wary of Robinhood's imminent IPO over fears that outsiz...
Tags: Ipo, Trends, Markets, Robinhood, Volatility, David Erickson, Institutional Investors, MI Exclusive, Retail Traders, Ethan Wu, Financial Times Robinhood, FT Robinhood

Robinhood is testing a feature that will let users invest their spare change into select stocks, report says

Vlad Tenev, CEO and co-founder, Robinhood. Kimberly White/Getty Images for Robinhood Robinhood is testing a feature that will let users invest spare change into stocks, Bloomberg reported. Another feature being explored aims to protect users from crypto volatility. The features were discovered by iOS developer Steve Moser through a code inside the company's test version for the iPhone. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Robinhood is testing a feat...
Tags: Ipo, Trends, Markets, Bloomberg, Crypto, Nasdaq, Robinhood, Vlad Tenev, SPAC, Menlo Park California, Robinhood Robinhood, Robinhood Investors, Steve Moser, Robinhood app, Isabelle Lee, Opening Bell Robinhood

US stocks edge higher as investors digest earnings results from mega-cap tech

Lucas Jackson/Reuters US stocks moved higher on Wednesday as investors digested earnings results from mega-cap tech companies.Apple, Microsoft, and Alphabet all delivered earnings results that smashed analyst estimates.Now investors are trying to determine if the strong growth in tech is sustainable.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.US stocks edged higher on Wednesday as investors continue to digest the strong earnings reports from mega-cap tech compa...
Tags: Apple, Microsoft, Ipo, Elizabeth Warren, US, Trends, Markets, Beijing, Treasury, Crypto, Warren, Janet Yellen, Stock Market, Robinhood, S&P 500, Dow Jones Industrial Average

What to know ahead of Robinhood's IPO

Here's a rundown of what you should know ahead of Robinhood's much-anticipated IPO. SOPA Images/Getty Images Stock-trading app Robinhood is targeting a valuation of up to $35 billion in an IPO this week. Shares are slated to start trading on June 29 under the ticker "HOOD." From retail IPO access to legal power players, here's what you need to know. See more stories on Insider's business page. Robinhood is set to price its shares on Wednesday, June 28, and is targeting a ...
Tags: Ipo, Trends, SEC, Robinhood, SoFi, Vlad Tenev, Reuters, E Trade, Schwab, Debevoise Plimpton, Samantha Lee Insider Robinhood, Robinhood Robinhood Fintechs

How much top adtech firms pay employees in the US

IAS CEO Lisa Utzschneider. Integral Ad Science Adtech companies like Roku, The Trade Desk, and Integral Ad Science hire internationally for many roles. Insider analyzed 2019 to 2021 government disclosure data to see how much six companies pay. Salaries can range from $146,000 for a software engineer to $299,000 for a senior product manager. See more stories on Insider's business page. Adtech companies are on a deal and IPO tear, and many of them are hiring, for roles from engineering,...
Tags: Ipo, Advertising, Marketing, US, Trends, Strategy, Roku, Salaries, Ad Tech, Digital Advertising, Adtech, Nordic, Mediamath, Integral Ad Science, Tech Insider, Lisa Utzschneider

Duolingo boosts IPO price target in boon to edtech startups

U.S. edtech company Duolingo released a revised IPO price range this morning, boosting its potential per-share value to $100 after initially targeting a range that topped out at $95 per share. Per the unicorn’s SEC filings, Duolingo is now targeting a $95 to $100 per share IPO price range, up from $85 to $95 per share, or a gain of around 12% at the bottom and 5% at the top. TechCrunch previously called the Duolingo debut a bellwether of sorts for the larger U.S. edtech ecosystem; if Duolingo ca...
Tags: Fundings & Exits, Startups, TC, Ipo, Tech, SEC, Edtech, Duolingo, Initial Public Offering, Masterclass, Quizlet, Outschool, Course Hero, Natasha Mascarenhas, EC Edtech

How to prepare for M&A, your most likely exit avenue

Ben Boissevain Contributor Share on Twitter Ben Boissevain has 30 years of corporate finance experience at firms including White & Case and Barclays Bank, and 20 years of experience in the tech sector. Despite the plentiful headlines about mega billion-dollar M&A transactions, record IPOs and the rapid growth of SPACs, small deals will continue to be the most likely exit for the vast majority of tech startups. In the over 30 y...
Tags: Fundings & Exits, Startups, Column, Money, Ipo, Tech, M&a, SEC, Private Equity, Mergers and Acquisitions, Barclays Bank, Google News, SPAC, FactSet, Exits, Special-purpose Acquisition Company

Equity Monday: China boosts pressure on its tech sector as Duolingo’s IPO looks to raise a few more bucks

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here and myself here. Ever wake up to just a massive wall of news? That was us this morning, so we had to pick a...
Tags: Apple, Fundings & Exits, Startups, China, Ipo, Bitcoin, Electric Vehicles, Crypto, Equity, Edtech, Duolingo, Meituan, Jam City, Tencent Music, Rivian, Equity Monday

Robinhood CEO says the company is all-in on crypto and that users can expect new crypto features at 'some point'

Baiju Bhatt and Vlad Tenev cofounders and CEOs of Robinhood Robinhood Robinhood CEO Vlad Tenev says the company is focused on expanding its crypto offerings. He said users can expect a crypto wallet at "some point." It's a glimpse at the company's future ahead of it's highly anticipated IPO. See more stories on Insider's business page. Robinhood CEO Vlad Tenev announced Saturday that crypto is a lynchpin of the retail investment app's future, and a wallet could be in ...
Tags: Ipo, Trends, Robinhood, Vlad Tenev, Dogecoin, Baiju Bhatt, Tenev, Margaux MacColl, Robinhood CEO, Robinhood s IPO, Robinhood Robinhood Robinhood

Should we be worried about insurtech valuations?

Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by what the weekday Exchange column digs into, but free, and made for your weekend reading. Want it in your inbox every Saturday? Sign up here. Hello everyone, I hope you had a lovely week. I turned 32 after experiencing sleep-destroying heartburn. So, a little good and a little bad. But that didn’t stop the markets. Nope. Not a bit. Which means we have a lot to talk about, including falling insurte...
Tags: TC, MetroMile, Texas, China, Ipo, Tech, Ses, SEC, Exchange, SPAC, Cain, Oss, Yahoo Finance, Newsletters, Hippo, Couchbase

Didi has fallen a stunning 52% since its US IPO as China's crackdown pummels the ride-hail giant

FILE PHOTO: The logo of Didi Chuxing is seen at a Didi station in Beijing Reuters Didi is vying for China's worst US IPO this year as its stock has lost more than half its value. Not long ago, Didi was eyeing a $70 billion valuation. Less than a month from its debut, it is now worth less than $40 billion. Didi has been spared the title of worst IPO this year by RLX Technology, a vaping company that has fallen 78%. See more stories on Insider's business page. Didi is vying for Chin...
Tags: China, Ipo, US, Trends, Markets, Cybersecurity, Beijing, Didi, Chinese company, Didi Chuxing, Full Truck Alliance, MI Exclusive, Bloomberg Didi, RLX Technology, Ethan Wu, Reuters Didi

Tidewater Midstream spins off Tidewater Renewables and announced IPO

In Canada, Tidewater Midstream and Infrastructure Ltd. announced the creation of Tidewater Renewables Ltd. as a wholly owned subsidiary. Tidewater Renewables has been formed to become a multi-faceted, energy transition company focusing on the production of low carbon fuels. The creation of and the initial public offering of Tidewater Renewables is a result of a thorough evaluation of financing alternatives with the goal of funding Tidewater Renewables’ portfolio of clean fuel projects while allo...
Tags: Ipo, Canada, Fuels, Tidewater Midstream, Tidewater Renewables, Canada Tidewater Midstream and Infrastructure Ltd, Tidewater Renewables Ltd

Shares of protein discovery platform Absci pop in market debut

Absci Corp., a Vancouver company behind a multi-faceted drug development platform, went public on Thursday. It’s another sign of snowballing interest in new approaches to drug development – a traditionally risky business.  Absci focuses on speeding drug development in the preclinical stages. The company has developed and acquired a handful of tools that can predict drug candidates, identify potential therapeutic targets, and test therapeutic proteins on billions of cells and identify which on...
Tags: Google, TC, Hong Kong, Ipo, Tech, Artificial Intelligence, Vancouver, Deloitte, Ai, Biotech, Stanford University, Coli, McClain, Astellas, Casdin Capital, Drug Development

Banks are reportedly scrambling to move IPOs of Chinese companies from New York to Hong Kong after regulators cracked down on overseas listings

Martin Puddy/Getty Images Regulators' harsh response to Didi's IPO has forced the 20 or so Chinese companies that had plans to go public in New York to re-evaluate, according to a Financial Times report. 34 Chinese firms raised $12.4 billion in New York capital markets in the first half of this year, according to Dealogic data. Data-oriented companies have been most eager to plan for Hong Kong listings, in large part because the mainland government's crackdown has centered aro...
Tags: Hong Kong, New York, China, Ipo, US, Trends, Markets, Cybersecurity, IPO market, Financial Times, Nyse, Didi, Didi Chuxing, MI Exclusive, Martin Puddy Getty, Ethan Wu

Volvo Buying Itself Out of Chinese Joint Venture

Volvo Cars is plotting to buy out parent company Zhejiang Geely Holding and free itself of its Chinese joint venture. The Swedish (currently Swedish-Chinese) manufacturer has been hinting at the prospect of going public with an IPO, which most analysts believe would be bolstered by creating some distance from Geely. While the Chinese Communist Party has […] The post Volvo Buying Itself Out of Chinese Joint Venture appeared first on The Truth About Cars.
Tags: China, Ipo, Industry, Autos, Chinese communist party, Volvo, Stock Exchange, Industry News, Joint Ventures, Geely, Volvo Cars, News Blog, Zhejiang Geely Holding, Going Public, Chinese joint venture

Here's how Wall Street bankers went all out to woo Adam Neumann in WeWork's doomed IPO

We cofounder and CEO Adam Neumann Getty Adam Neumann was barking into a phone at one of his top deputies, livid at the headlines online and chyrons flashing on tv about his company. It was August 14, 2019, and WeWork--the shared office space startup Neumann co-founded--had just revealed all its financials to the world as part of a planned initial public offering. Neumann, the high-voltage 40-year-old CEO, was expecting a good day--one where a wave of positive press could propel his company ...
Tags: Real Estate, Finance, Ipo, Trends, WeWork, Neumann, Adam Neumann, Rebekah, Tech Insider, Maureen Farrell, Jen Berrent, Artie Minson, Eliot Brown, Adam Neumann Getty Adam Neumann

JPMorgan CEO Jamie Dimon gave WeWork's Adam Neumann some business advice to warn him that he was grabbing too much power

Jamie Dimon REUTERS/Larry Downing You shouldn't do it, Jamie Dimon told Adam Neumann.The leader of the largest US bank was on a call with Neumann in the summer of 2019. WeWork, the office space sharing company that Neumann had cofounded, was preparing to go public in what was expected to be one of the largest startup IPOs ever. Dimon's firm, JPMorgan, was the "lead left" bank for the deal, overseeing the process. And it was now up to Dimon to convince the 40-year-old Neumann that h...
Tags: Real Estate, Finance, Ipo, US, Trends, WeWork, Jamie Dimon, Jpmorgan, Neumann, Adam Neumann, Peloton, Dimon, Tech Insider, Maureen Farrell, Mary Callahan Erdoes, Erdoes

Robinhood's IPO presents 'alarming' risks for investors as regulators weigh a crackdown on the company's main source of revenue, says a veteran stock analyst

Robinhood app SOPA Images/Getty Images Robinhood's upcoming IPO is overvalued and packed with regulatory risk, according to veteran stock analyst David Trainer. Trainer's investment research firm said Robinhood's main source of revenue-payment for order flow-could be banned by regulators. A ban would severely harm Robinhood's business model, Trainer said. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Robinhood's upcoming initial public offer...
Tags: Ipo, US, Trends, Markets, SEC, Fidelity, Robinhood, Charles Schwab, Gary Gensler, Dan Gallagher, Trainer, David Trainer, New Constructs, Robinhood Valuation, Emily Graffeo, Opening Bell Robinhood

Indian food delivery startup Swiggy raises $1.25 billion led by SoftBank and Prosus

It took SoftBank several years, but the Japanese investment giant is now ready to bet on India’s food delivery market. Swiggy said on Tuesday it has closed a $1.25 billion financing round led by SoftBank Vision Fund 2 and Prosus Ventures. The new financing round, a Series J, includes the $800 million investment the Bangalore-based startup had disclosed to employees earlier this year. (SoftBank alone invested $450 million in the new round.) The new round, which Swiggy says was “heavily oversubscr...
Tags: Amazon, Food, Startups, Apps, Asia, Ipo, India, Softbank, Funding, Zomato, Accel Partners, Bangalore, Ola, Bernstein, Swiggy, Manish Singh

Duolingo’s IPO could cast golden halo on edtech startups

Edtech giant Duolingo set an initial price range for its impending IPO today. The unicorn expects to price in its public debut at $85 to $95 per share, selling 3,700,000 in the deal. Another 1,406,113 shares are being sold by existing shareholders, and 765,916 shares are being offered to underwriting banks as part of the transaction. All told, the company may see 5,872,029 shares trade hands in its IPO, worth some $557,842,755. Duolingo itself can raise as much as $424,262,020 in gross proceeds ...
Tags: Fundings & Exits, TC, Education, Ipo, Tech, S-1, Edtech, Duolingo, EC News Analysis, EC Edtech, IPO Duolingo

Robinhood plans to raise as much as $2.3 billion in its upcoming stock market debut

Jakub Porzycki/NurPhoto via Getty Images Robinhood priced its much anticipated initial public offering on Monday. It will offer 55 million shares at between $38 and $42 per share, to raise up to $2.3 billion. If it secures $42 per share, Robinhood's market value would stand at $35 billion. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Robinhood is aiming to raise as much as $2.3 billion in its upcoming stock market debut, the company said in a filing with t...
Tags: Ipo, Trends, Reddit, SEC, Wall Street Journal, Robinhood, Securities And Exchange Commission, Vlad Tenev, Jpmorgan, Bloomberg Intelligence, David Ritter, Baiju Bhatt, Jakub Porzycki NurPhoto, Shalini Nagarajan, Getty Images Robinhood, Opening Bell Robinhood

Lenskart valued at $2.5 billion following $220 million investment from Temasek and Falcon Edge Capital

Temasek and Falcon Edge Capital have led a $220 million investment in Indian omni-channel eyewear retailer Lenskart, valuing the Bangalore-based startup at $2.5 billion. The new investment, which includes primary and secondary transactions, is part of a new round Lenskart unveiled a month ago when it raised $95 million from global investment fund KKR. Bay Capital and Chiratae also participated in the new round. Peyush Bansal, founder and chief executive of Lenskart, said the profitable startup —...
Tags: Health, TC, Ecommerce, Asia, Ipo, Southeast Asia, India, Softbank, Funding, Tech, Middle East, Bangalore, Temasek, Falcon Edge Capital, Mena, MobiKwik

Robinhood co-founders each stand to gain $1.4 billion in equity awards if stock price hits $101.50 by 2025

Robinhood co-founders and co-chief executives Baiju Bhatt and Vladimir Tenev Thomson Reuters Robinhood co-founders Vlad Tenev and Baiju Bhatt stand to receive $1.4 billion in equity awards if it hits a big milestone.Both co-founders will receive 13.8 million shares of Robinhood if the stock price hits $101.50 by 2025, according to the company's S-1 filing.The popular trading app is expected to go public later this year and is seeking a $40 billion valuation.Sign up here for our daily ne...
Tags: Ipo, US, Trends, Markets, SEC, Stocks, Stock Market, Robinhood, Gamestop, Vlad Tenev, Bhatt, Matthew Fox, AMC Entertainment, Baiju Bhatt, Tenev, Robinhood Stock