Tag Archives: IPO

Sweetgreen (SG) shares closed 76% higher — at $49.50 each — on their first day of trading on the New York Stock Exchange. The salad restaurant chain almost doubled its valuation during its public debut. Shares opened at $52 each after the IPO was priced at $28.  Sweetgreen sold 13 million shares, raising $364 million in the initial public offering.  The company has been expanding beyond urban areas into suburban communities. It also has a growing online order presence.  “We built out a… Source link

After Nubank filed its F-1, Natasha Mascarenhas and Alex Wilhelm dissected the document to learn more about the operations of one of the world’s largest startups. “With over 40 million users across Brazil, as well as Mexico and Colombia,” the fintech company’s LTV/CAC ratio is central to its success, they found. Notably, as many as 90% of Nubank customers were acquired organically. Full TechCrunch+ articles are only available to members.Use discount code TCPLUSROUNDUP to save… Source link

After Nubank filed its F-1, Natasha Mascarenhas and Alex Wilhelm dissected the document to learn more about the operations of one of the world’s largest startups. “With over 40 million users across Brazil, as well as Mexico and Colombia,” the fintech company’s LTV/CAC ratio is central to its success, they found. Notably, as many as 90% of Nubank customers were acquired organically. Full TechCrunch+ articles are only available to members.Use discount code TCPLUSROUNDUP to save 20% off a one- or… Source link

Rent the Runway (RENT) started trading above its IPO price on Wednesday before dipping below that level over the course of the session. Shares closed the session down 8% at $19.29 each. The stock had opened at $23 per share after the fashion rental company priced its debut at $21 each, at the top of its marketed range.  The company raised $357 million in the public offering. Rent the Runway offers subscribers “the world’s largest shared closet” of over 18,000 styles by more than 750… Source link

Investors are chowing down on shares of newly minted publicly traded hot dog chain Portillo’s.  Shares of Portillo’s (PTLO) — a Chicago-founded outfit with a cult-like following across nine states — exploded more than 50% as investors ate up the stock on its first day of trading on Thursday.  “While we are a 58-year-old company, we are still infants when it comes to our growth inflection point,” Portillo’s CEO Michael Osanloo said on Yahoo Finance Live. Osanloo isn’t kidding when he said… Source link

Portillo’s Inc. restaurant chain begins trading Thursday on Nasdaq (ticker: PTLO) Portillo’s is a Chicago institution known for hot dogs, Italian beef sandwiches and more Generates staggering avg. store volume of $8.7 million, easily topping Chipotle, Shake Shack Plans to expand to at least 600 stores from current count of 67 at 10% annual rate All locations are profitable and Portillo’s has never had to close a restaurant Demonstrated Ebitda growth in 2020 in the depths of Covid thanks to… Source link

The fall IPO calendar is heating up, with a slew of hotly-awaited companies, such as Rivian and InstaCart, on deck to list. Yet it’s already been a banner year for equity raises via the IPO process in the U.S. — on track to beat last year’s record.  As of the end of September, 19 companies raised more than $1 billion via IPOs on the Nasdaq and New York Stock Exchange. The top five are Coupang (CPNG), which raised $4.6 billion, DiDi Global (DIDI), which raised $4.4 billion, Bumble (BMBL),… Source link

Oct 8 (Reuters) – Car-sharing company Delimobil Holding S.A. on Friday filed for an IPO in the United States, and revealed that its revenue more than doubled in the first half of this year, as the company becomes the latest in a slew of Russian firms targeting market debuts. Russian IPO activity, hit by the pandemic, is picking up pace as the global economy improves and concerns over fresh Western sanctions fade. The Moscow Exchange expects to hold 10 share listings by the end… Source link

Oct 8 (Reuters) – Delimobil Holding S.A. on Friday filed for an initial public offering (IPO) in the United States and revealed that its revenue for the first half of this year more than doubled, as the car-sharing company becomes the latest in a slew of Russian firms targeting market debuts. Russian IPO activity is picking up pace as the global economy improves and concerns over fresh Western sanctions fade. The Moscow Exchange expects to hold 10 share listings by the end of… Source link

Oct 8 (Reuters) – Russian car-sharing company Delimobil Holding S.A. on Friday filed for an IPO to list its shares on the New York Stock Exchange, the latest in a slew of Russian firms targeting market debuts. BofA Securities, Citigroup Global Markets and VTB Capital will act as joint lead book-running managers. Renaissance Securities, Sberbank CIB and Banco Santander will act as joint bookrunners, Delimobil said. (Reporting by Gleb Stolyarov and Alexander Marrow in Moscow… Source link