Ant Group could raise as much as $34.5B in IPO in what would be world’s largest IPO

The long-anticipated IPO of Alibaba-affiliated Chinese fintech giant Ant Group could raise tens of billions of dollars in a dual-listing on both the Shanghai and Hong Kong exchanges. Shares for the company formerly known as Ant Financial are expected to price at around HK$80, or roughly 68 to 69 Chinese Yuan. The company is selling […]

Free-to-play gaming giant Roblox confidentially files to go public

The gaming company Roblox announced today that it had confidentially filed paperwork with the SEC to make its public debut. In February, the company, which operates a free-to-play gaming empire with tens of million of users, was valued at $4 billion after a Series G funding round led by Andreessen Horowitz . The company has […]

Why startups are going public now

After all those years of startups not going public, 2020 is a little bit different. It feels like more companies are filing, and more companies are seeing their debuts through. We’re even seeing direct listings and SPAC-led deals, along with a trove of traditional IPOs. Data backs up how we feel about this year’s IPO […]

It’s game on as Unity begins trading

Unity Software, which sells a game development toolkit primarily for mobile phone app developers, raised $1.3 billion in its initial public offering. The company, which will begin trading today with the ticker symbol “U,” priced its shares at the top end of its expected range, selling 25 million shares at $52 per share. The company’s […]

Go public now while software valuations make no sense, Part II

On August 5th, TechCrunch wrote that startups should “go public while software valuations make no sense.” What came next was a happy coincidence. Just a few weeks after that post, Unity, JFrog, Asana, Snowflake and Sumo Logic all filed to go public. Today we’re seeing some data from those debuts, most notably the incredibly strong […]

Snowflake’s IPO could value it as high as $24B, Salesforce and Berkshire to invest

On the heels of new filings from both Sumo Logic and JFrog, Snowflake, a venture-backed unicorn looking to go public on the strength of its data-focused cloud service, set an initial price range for its IPO. The $75 to $85 per-share IPO price target values the firm at between $20.9 billion and $23.7 billion, huge […]

An IPO expert bats back at the narrative that traditional IPOs are for ‘morons’

Lise Buyer has been advising startups on how to go public for the last 13 years through her consultancy, Class V Group. She built the business after working as an investment banker, and then as a director at Google, where she helped architect the company’s famously atypical 2004 IPO. It’s perhaps because Google’s offering was […]

What will a Wish IPO look like? We should find out soon

Wish, the San Francisco-based, 750-person e-commerce app that sells deeply discounted goods that you definitely don’t need but might buy anyway when priced so low — think pool floats, guinea pig harnesses, Apple Watch knockoffs — said yesterday that it has submitted a draft registration to the SEC for an IPO. Because it filed confidentially, […]

Medical imaging startup Nanox closes at $21.70, up 20.6%, after raising $165.2M in its IPO

Less than a month after the Israeli medical imaging startup Nanox raised $59 million in funding and said it was close to going public, the company has now bitten the bullet. Today the company announced that it raised $165.2 million in an initial public offering. And after its shares were priced at $18 for its debut on […]

No parties allowed at the Airbnb IPO

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast (now on Twitter!), where we unpack the numbers behind the headlines. What happens when the entire podcast crew is a bit tired from, you know, everything, and does its very best? This episode, apparently. A big thanks to Chris Gates for helping us trim the fat […]