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 […]

Read more

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 […]

Read more

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 […]

Read more

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 […]

Read more

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 […]

Read more

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 […]

Read more

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 […]

Read more

High-end speaker company Sonos is going public

Sonos is going public. The high-end speaker company filed paperwork for an S-1 on Friday. It set a placeholder amount of $100 million, but did not specify an offering price or size of the offering. Bloomberg reported that Sonos is seeking a valuation of $2.5 billion to $3 billion. The company will be listed on Nasdaq with the ticker symbol […]

Read more