Uber’s Stock Disappoints, Capping a Rocky Path to Its I.P.O.

Over the past decade, Uber changed urban transportation, disrupted entrenched taxi industries, defied regulators the world over and beat back questions about how it was altering the nature of work. On Friday, it was tamed by Wall Street. The ride-hailing giant’s first day of trading on the New York Stock Exchange began with a drop of almost 7 from its […]

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Pinterest Dials Down Expectations as I.P.O. Nears

SAN FRANCISCO — Pinterest set a price range for its initial public offering on Monday that will value the company below its last private-market peg of $12 billion. In an updated prospectus, the digital pin board company said that it planned to price its offering at $15 to $17 a share. At the high end of that range, the business […]

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Pinterest Said to Price I.P.O. Below Last Private Valuation

SAN FRANCISCO — Pinterest plans to set a price range for its initial public offering that will value it at below the $12 billion that private investors last pegged the company at, according to a person with knowledge of the situation. The digital pin board company is preparing to put out a filing on Monday with the price range for […]

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Chinese drone maker EHang plans U.S. IPO: sources

HONG KONG (Reuters) – Chinese drone maker EHang is planning a U.S. initial public offering (IPO) this year, according to two people with direct knowledge of the matter, with one saying it could raise between $400 and $500 million. Morgan Stanley and Credit Suisse are working on the offering, the people said. Another person said the deal was unlikely to […]

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Data manager DataStax prepares for IPO: sources

(Reuters) – DataStax Inc, a data management platform, is gearing up for an initial public offering (IPO) this year that could value the company at more than $1 billion, people familiar with the matter said. Santa Clara, California-based DataStax has hired investment banks including Morgan Stanley and JP Morgan Chase & Co as underwriters, the people said, asking not to […]

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Lyft zooms past Uber in IPO race

Investors, start your engines: The ride-hailing IPO race is finally kicking off. Lyft — the No. 2 taxi app behind Uber — pulled ahead of its bigger rival on Friday as it made a long-anticipated filing for an initial public offering. The San Francisco-based company is expected to go public later this month on the Nasdaq under the ticker symbol […]

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Postmates confidentially files for IPO

(Reuters) – Grocery and food delivery platform Postmates Inc said on Thursday it had confidentially filed for an initial public offering with the U.S. Securities and Exchange Commission. Postmates, which has tied up with companies such as Walmart Inc, Starbucks Corp and Chipotle Mexican Grill Inc for delivery services, operates in 385 U.S. cities, as well as in Mexico. The […]

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China movie ticketing platform Maoyan Entertainment prices HK IPO at bottom of range: term sheet

HONG KONG (Reuters) – Maoyan Entertainment, China’s biggest movie ticketing platform by sales and backed by internet giant Tencent Holdings Ltd, priced its Hong Kong IPO at the bottom of an indicative range on Monday, raising $250 million, according to a term sheet seen by Reuters. The pricing represents a “down round” for Tencent as it would value Maoyan Entertainment […]

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The Week in Tech: It’s Not Easy Being a Unicorn

Each week, technology reporters and columnists from The New York Times review the week’s news, offering analysis and maybe a joke or two about the most important developments in the tech industry. Want this newsletter in your inbox? Sign up here. Hello, It’s Erin Griffith, reporting, happily, from my home base in San Francisco and not the carnival of virtual […]

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Slack planning to pursue direct listing: WSJ

(Reuters) – Slack Technologies Inc is planning to go public through a direct listing, the Wall Street Journal reported on Friday, citing people familiar with the matter. Slack, which operates a popular workplace instant-messaging and collaboration app, is likely to debut in the second quarter and currently expects to do so via a direct listing, according to the report. The […]

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