In a statement cyber security giant McAfee Corp stated, it has raised $620 million from its initial public offering (IPO) which saw its shares list at $20 per share, well within its target range. The IPO valued McAfee at $8.6 billion based on total outstanding shares. As of the end of June 2020, McAfee which was…
In a statement U.S. gaming platform Roblox Corporation said, it has confidentially filed for a IPO with the Securities and Exchange Commission. The development could potentially see the company doubling its recent valuation of $4 billion. Roblox did not respond to requests for comments on whether it has selected the traditional route for its IPO…
In a statement electric vehicle startup Faraday Future’s Chief Executive Carsten Breitfeld said, it is aiming to go public through a reverse merger with a special-purchase acquisition company (SPAC). “We are working on such a deal … and will be able to announce something hopefully quite soon,” said Carsten Breitfeld of the potential SPAC deal.…
According to sources familiar with the matter at hand, Roblox Corporation is working with investment banks for its potential market debut in the United State early next year, which could see the online gaming platform double its recent $4 billion valuation. Demand for video games has surged in the United States with consumers seeking home…
McAfee Corp has filed for a U.S. initial public offering (IPO). The cyber security firm however did not disclose the size of its offering and set a placeholder amount of $100 million. According to its filing, McAfee will be listing its shares on the Nasdaq under the ticker symbol “MCFE”. The development comes at a…
Elon Musk, Tesla Inc’s CEO plans on listing his space internet venture, Starlink, in the years ahead when revenue growth is predictable and smooth. “Public market does *not* like erratic cash flow haha,” tweeted Musk. In 2019, Musk said Starlink was an important new revenue stream for Space Exploration Technologies, SpaceX. In February 2020, SpaceX’s…
According to sources familiar with the matter at hand, KKR-backed cybersecurity startup KnowBe4 Inc, is preparing for its U.S. initial public offering (IPO). The startup helps train employees to detect phishing emails. In 2019, KnowBe4 had raised $300 million in a private fundraising round led by buyout firm KKR & Co. It has now engaged…
According to sources familiar with the matter at hand, Bumble, a dating app, is preparing for an initial public offering (IPO), which could see the company being valued between $6 billion to $8 billion. Bumble’s IPO could come early next year, said a report from Bloomberg citing sources. Sources cautioned that Bumble’s IPO plans have…
According to two sources with direct knowledge of the matter at hand, Chinese electric vehicle (EV) maker Xpeng XPEV has increased the size of its U.S initial public offering (IPO) to around $1.49 billion. “The company will price its shares at $15 each, after initially indicating they would be sold for $11 to $13 when…
On Monday, Alibaba Group Holding Inc stated, sales from its annual Singles’ Day shopping event touched $22.63 billion (158.31 billion yuan ) in the first nine hours, up by 25% from 126.72 billion yuan a year earlier. China celebrates Singles’ Day as a shopping festival much like Black Friday or Cyber Monday. It has grown…
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