
Robinhood Plans to Raise $2B in IPO, Pegs $35B Valuation
Robinhood is planning to release 55 million shares in the open market as it plans to reserve 20% to 35% of Class A shares for its customers.
Robinhood is planning to release 55 million shares in the open market as it plans to reserve 20% to 35% of Class A shares for its customers.
The recent report shows that Duolingo recorded a substantial level of success in its first quarter.
After Prenetics completes the SPAC merger, it will become the first billion-dollar start-up in Hong Kong to go public.
According to a filing to local stock exchanges, Zomato revealed that it plans to raise a total of $1.3 billion through the IPO and has achieved 45% of that figure with its latest funds.
The parent company of TikTok puts a halt to its IPO proceedings as government officials issue statements highlighting the company to address its data security risks.
Bukalapak announced on Friday that the funds received in the IPO will be used to scale its business to compete with its biggest rival Tokopedia.
The Chines fitness app and SoftBank however declined to comment on the alleged foiled IPO plans.
Chinese officials reached out to the company to disclose their concerns “about Didi’s data potentially falling into foreign hands”.
The Wall Street Banks that were the beneficiaries in the busiest IPO week since 2004 are, for example, Goldman Sachs and Morgan Stanley.
In its IPO prospectus, Didi revealed that it had met with regulators and could be subject to penalties should regulators not be impressed by the inspection.
Drawing on its growth over the years, Robinhood noted in its prospectus that many new traders choose to pitch tents with the trading platform for the first time.
SentinelOne chief executive explained that compared to the competition, his company has a higher win rate than any of them.
Besides China, Didi has a presence in about 14 countries, including Brazil and Mexico and the new liquidity raise will be used to power growth into new markets to compete globally.
Ding Dong CEO Liang Changlin commented that he plans to utilize the proceedings gained in the IPO for expanding his company’s business operations
The public debut of Didi is the largest of a Chinese company since Alibaba Group raised $25 billion back in 2014