Tag Archives: IPO

Benzinga Here’s What it Took to Help My Millennial Colleague Plan Her Million-Dollar Nest Egg I’m a nosy person, so I elbowed my millennial colleague, Jessa, in the next cube over, and asked her, “Pssst… How much do you save for retirement per year?”Instead of ignoring me, she furtively Slacked me all of her financial details (it was like a giant ice cream sundae for a finance nerd): * Jessa, at 28, still owes $15,000 in student loans, and her husband, who is 30, still owes $20,000. *… Source link

InvestorPlace The 12 Best Stocks to Buy for a Whole New Year of Returns in 2021 Editor’s note: “The 12 Best Stocks to Buy for a Whole New Year of Returns in 2021” was previously published Dec 4. It has since been updated to include the most relevant information available.] Back in July, I recommended seven of the best stocks to buy for 2021 and beyond. As a group, they’ve done very well over the past three months. For instance, Livongo Health was acquired by Teladoc Health… Source link

In 2018, entrepreneur-turned-investor Andrew Wilkinson, who runs Victoria, Canada-based tech holding company Tiny, shelled out $57,700 for a charity auction lunch with Bill Ackman, the well-known billionaire activist investor and CEO of Pershing Square Capital Management. The $57,700 lunch turned out to be an excellent investment that led to a friendship and, ultimately, a business partnership. Ackman’s family office invested in one of Wilkinson’s portfolio companies, WeCommerce, marking the… Source link

Food delivery app DoorDash (DASH) hit the public market on Wednesday, and closed the day up 86% from its IPO price of $102. That means a market cap of $72 billion for a seven-year-old startup that lost $667 million in 2019, and lost $149 million in the first nine months of 2020. David Trainer, CEO of market research firm New Constructs, calls it “the most ridiculous IPO of 2020.” Last year, his firm gave that title to the WeWork IPO, which was ultimately shelved. Why ridiculous? Lack of… Source link

(Bloomberg) — Bumble, a dating app on which women make the first move, is working with Goldman Sachs Group Inc. and Citigroup Inc. on its planned initial public offering, according to people with knowledge of the matter. The company, backed by private equity firm Blackstone Group Inc., could list as early as the first quarter of 2021, said the people, who asked not to be identified because the information is private. Morgan Stanley is also advising on the listing, the people said. Bumble… Source link

(Bloomberg) — Online insurance platform Policybazaar aims to go public in 2021 at a valuation north of $3.5 billion, potentially becoming the first of India’s mega-startups to debut as its digital economy booms. The startup plans to secure about $250 million in a round of financing at a $2 billion-plus valuation before a September 2021 initial public offering, co-founder Yashish Dahiya told Bloomberg News. Policybazaar is now selecting two to three IPO lead underwriters from a roster that… Source link