Robotic process automation platform UiPath filed its first S-1/A this week, setting an initial price range for its shares. The numbers were impressive, if slightly disappointing because what UiPath indicated in terms of its potential IPO value was a lower valuation than it earned during its final private fundraising. It’s hard to say that a company […]
Coinbase’s direct listing was a massive finance, startup and cryptocurrency event that impacted a host of public and private investors, early employees, and crypto-enthusiasts. Regardless of where one sits in the broader tech and venture world, Coinbase storming north of a $100 billion valuation during its first day of trading was the biggest startup happening […]
It’s no surprise that the venture capital market was incredibly active in the United States during the first quarter of 2021, but precisely how strong has only recently become clear. This morning, we’re digging into the data. According to a report from PitchBook, venture capitalists unleashed a wave of capital in the first three months of […]
Microsoft’s huge purchase of health tech AI company Nuance led the technology news cycle this week. The $19.7 billion transaction is Microsoft’s second-largest to date, only beaten by its purchase of LinkedIn some years ago. For the AI space, the sale is a coup. Nuance was already a public company, but to see Microsoft offer […]
Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading. Ready? Let’s talk money, startups and spicy IPO rumors. The startup world could be in for a busy summer. Today the economy is improving. Unemployment […]
Twitter is abuzz with the news that Topps, a company perhaps best known for making collectible trading cards, is going public via a SPAC. The reverse merger with its chosen blank-check company values the combination on an equity basis at $1.163 billion. That makes Topps some sort of unicorn. And because it has both e-commerce […]
A month ago, the company’s deficits would not have been a concern Alex Wilhelm 10 hours It appears that the slowdown in tech debuts is not a complete freeze; despite concerning news regarding the IPO pipeline, some deals are chugging ahead. This morning, we’re adding Alkami Technology to a list that includes Coinbase’s impending direct […]
Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading. Want it in your inbox every Saturday? Sign up here. Happy Saturday, everyone. I do hope that you are in good spirits and in good […]
The first quarter of 2021 was a busy season for technology exits. Coming off a hot period in the final quarter of 2020, it was no surprise that tech upstarts pursued liquidity through a variety of mechanisms as the new year began. There were IPOs, there were direct listings, there were PE deals. Hell, we […]
More signs of dropping temperatures in a formerly scorching climate for tech debuts Alex Wilhelm 11 hours The Exchange just yesterday discussed a downward revision in the impending Compass IPO and the disappointing Deliveroo flotation as signals that market demand for high-growth, unprofitable tech shares could be slipping. Recent news underscores the possibly chilling conditions. This […]