Tagged: ipo

Crypto Miner Cannan Raises $90 Million in NASDAQ IPO, Shares Decline

Canaan AvalonMiner

Yesterday, Canaan Inc. (Nasdaq: CAN) a Chines crypto mining company,  completed an initial public offering (IPO) of 10,000,000 American Depositary Shares (ADSs), each representing 15 Class A ordinary shares. Shares were issued at US $9.0 per share for a total offering of US $90 million. … Read More

Sydney-based Tyro Payments Files Prospectus for Conducting an IPO, Aims to Raise $173.2 Million

Sydney-based Tyro Payments, an Australian Fintech institution that specializes in merchant credit, debit and EFTPOS acquiring, submitted a prospectus on November 18 for conducting a local initial public offering (IPO) that aims to raise A$252.7 million (appr. $173.2 million). Founded in 2003 by Peter Haig,… Read More

Payments Software Firm Bill.com Is Planning to Raise $100 Million via an IPO

Payment software firm Bill.com is planning to raise $100 million through an initial public offering (IPO), according to a recent filing with the US Securities and Exchange Commission (SEC). Established in 2006 by PayCycle co-founder René Lacerte, Bill.com provides cloud-based business payments and offers a… Read More

SPAC: FinServ Announces Close of $250 Million Initial Public Offering

FinServ Acquisition Corp. (NASDAQ:FISRVU)announced on November 5 that it had closed its initial public offering (IPO) of 25,000,000 units, which included 3,000,000 units issued “pursuant to the exercise by the underwriters of their over-allotment option.” The company’s offering was set at $10.00 per unit, which… Read More

Bitmain, World’s Largest Manufacturer of Cryptomining Hardware, Files for IPO in New York

On the heels of yesterday’s news that competitor Canaan has filed an IPO prospectus to go public on the Nasdaq comes a report that Bitmain, the world’s largest manufacturer of cryptocurrency mining hardware, is also seeking to go public on a New York Stock Exchange…. Read More

Cryptomining Hardware Company and Bitmain Competitor Canaan Files for IPO on Nasdaq

After an application to go public in Hong Kong lapsed last year, Canaan, the second-biggest maker of cryptocurrency mining hardware after Bitmain, has brought its bid to go public to New York. According to a registration statement submitted to the SEC in Washington, Canaan plans… Read More

WeWork’s Parent Company Makes Major Changes to Management of Business Operations

We Co., WeWork‘s parent company, is planning to make major changes to the management of its business operations after stakeholders expressed their dissatisfaction with the company’s unusual governance model ahead of its upcoming IPO. The firm’s parent company had initially proposed that 20 votes should… Read More

WeWork’s Management Might Slash Company Valuation to Under $20 Billion, May Also Delay IPO

US real estate company and shared office space firm WeWork might slash the valuation it’s seeking as a public company to under $20 billion. The New York-based firm is also considering postponing its IPO, according to the Wall Street Journal. WeWork’s proposed valuation cut comes… Read More

Big Exit: Crowdfunded on StartEngine Under Reg CF, Hylete Fitness Apparel Files S-1 to IPO on the NYSE

In 2017, Hylete Fitness Apparel raised $1 million on StartEngine, a leading US-based investment crowdfunding platform. Jump forward two years later and Hylete has some good news for early investors. Hylete has filed for an initial public offering (IPO) with shares expected to trade on… Read More

Report: World’s Second Largest Maker of Cryptominers, Canaan, Plans US IPO

After its application to IPO in lapsed regulators’ hands last November in Hong Kong, Canaan, the world’s second-largest manufacturer of cryptomining hardware, has filed a confidential S-1 to pursue a US US initial public offering (IPO), according to Chinese media outlet Weixin reports. Canaan sells… Read More

Banq to Raise Capital for Helbiz in Advance of Planned IPO and Dual Listing on Nasdaq and AIM Italia

Banq, a digital platform that is part of investment bank Tripoint Global, is raising capital for Helbiz in advance of a planned initial public offering (IPO) on Nasdaq. Simultaneously, the shares are expected to list and trade on AIM Italia in what is being described… Read More

Australian Online Lender Prospa Trades on ASX Following Successful IPO

Online lender Prospa has been admitted to the official list of the Australian Securities Exchange (ASX) following the successful completion of the IPO. According to a note from Prospa, the Fintech sold 29 million shares at $3.78/share raising $109.6 million. Following settlement, Prospa will have… Read More

Report: Insurtech Lemonade Queues Up Initial Public Offering at $2 Billion Valuation

Insurtech Lemonade is going public. This is according to multiple reports indicating the early stage insurance company is going public at an approximate $2 billion valuation. Lemonade last raised capital in April with a $300 million round led by Softbank. Lemonade may seek up to… Read More

Australias Largest Fintech Lender Prospa Plans Initial Public Offering for June

Australian Fintech Prospa has announced its intent to complete an initial public offering (IPO) on the ASX on June 11, 2019. Prospa was founded by Greg Moshal and Beau Bertoli in 2012 with seed funding from Entrée Capital. The online lender originated its first loan… Read More

As Good as it Gets: OurCrowd Investors Benefit from Two IPOs in Just One Week as Uber & Beyond Meat Go Public

What do Goldman Sachs, Morgan Stanley, ‘Jay Z’, Jeff Bezos, Softbank, Tencent, Axel Springer, and OurCrowd all have in common? They all invested in Uber before it went public today (May 10, 2019). Where OurCrowd stands out from the pack is the fact that OurCrowd… Read More

Unicorn Beyond Meat IPO’ed Raising $240 Million But OurCrowd Investors Had Chance to Invest Before NASDAQ Listing

BeyondMeat

Beyond Meat Inc. (NASDAQ:BYND), completed an initial public offering (IPO) last week raising approximately $240 million on a valuation of $1.5 billion at $25/share. Once listed on NASDAQ, Beyond Meat jumped far beyond its initial pricing quickly rising in value topping $3.8 billion at over… Read More

Bitmain’s Hong Kong IPO Application Lapses

An IPO application submitted by Bitmain to the Hong Kong Stock Exchange in September has lapsed. Bitmain is the world’s largest crypto-mining consortium. The company operates numerous crypto mining and research facilities across the globe and also designs and manufactures some of the industry’s most… Read More

Hong Kong Stock Exchange Head Suggests Bitmain Business Model Unsustainable, IPO Unlikely

The rumoured appointment of a new CEO at cryptomining giant Bitmain does not appear to have enhanced the company’s prospects of going public in Hong Kong, South China Morning News reports. Responding generally to media questions about cryptomining firms seeking IPOs in Hong Kong, Charles… Read More

Denied an IPO in Hong Kong, Cryptominer Manufacturer Canaan Considering New York Listing

Canaan, the second biggest maker of cryptocurrency mining hardware after Bitmain, may be bringing its bid to go public to a New York exchange after being rejected in Hong Kong, Bloomberg reports. The company may be seeking to sell shares on a US exchange in… Read More

Initial Coin Offerings: I Have to File a Form 10? Great! What’s a Form 10?

Those who have read the SEC settlements with AirFox (CarrierEQ.Inc.) and Paragon Coin, Inc. published on November 16, 2018, will note that the defendant ICO issuers agreed, among other things, to register their “coins” under the Exchange Act (the Securities Exchange Act of 1934) by filing… Read More

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