IPO

Excitement For Investors As Volkswagen Steers Porsche Toward IPO

February 23, 2022
Analysts predict Porsche could be valued at up to €90 billion in an initial public offering (IPO). Currently, the market value of Volkswagen — which completed its acquisition of Porsche in 2012 — stands at around €116 billion.  Speaking to Reuters, two people familiar with the matter said that, in the potential IPO, Volkswagen could […]
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Bumble Exec Sarah Jones Simmer To Become CEO Of Startup Found

October 1, 2021
Jones Simmer joined Bumble as its COO in 2017 where she laid the foundation for the company’s entire initial public offering whilst simultaneously battling Stage 3 breast cancer. She completed drafts of the S-1 from a chemo chair and sent it to the board the morning of her double mastectomy.  Jones Simmer says her decision […]
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Toast’s Three Co-Founders Join Billionaire Club Following IPO

September 23, 2021
Toast co-founders Steve Fredette, Aman Narang, and Jonathan Grimm started the company in 2012 after their former employer, Endeca, was sold off for $1 billion. They chose to launch their restaurant hardware and software system in their home city, Cambridge, Massachusetts, by testing products on local restaurants, cafes, and bars. Company president Fredette owns 33.2 […]
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Klarna CEO Says Market Volatility Makes Him Nervous About Potential IPO

September 22, 2021
In an interview with CNBC, Siemiatkowski said: “The volatility in the market right now makes me nervous to IPO, to be honest. I think it would be nice to IPO when it’s a little bit more sound. And right now it doesn’t feel really sound out there.” Swedish fintech Klarna is currently one of the […]
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Revolut CEO Targets Billions Of Dollars In Sales Ahead Of IPO

September 3, 2021
Image by Web Summit - SD5_7851, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=74256111 CEO and co-founder Nik Storonsky said: “To be able to IPO successfully we need to be at least in the few billion dollars range of revenue a year.” As of 2020, Revolut’s adjusted revenue was £261 million ($359 million). In July, the company managed to raise […]
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Robinhood’s Founders & How to Start a Revolution

July 30, 2021
On 29 July, after a bumpy few months and a fair share of troubled headlines, Robinhood founders Vlad Tenev, 34 and Baiju Bhatt, 36 each sold around $50 million worth of stock. The mobile-friendly discount brokerage, which pioneered commission-free stock trades, generated a profit of just under $2 billion in its public market debut. Following […]
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Vlad Tenev Could Be Worth $2.5 Billion After Robinhood IPO

July 20, 2021
Financial services company Robinhood is seeking a market value of up to $35 billion in its approaching initial public offering (IPO). The share price will sit between $38 to $42 per share, with the IPO marking the public coronation of the controversial financial services platform.  According to the SEC filing on Monday, Tenev and co-founder […]
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Musk Says Starlink Will Go Public When Cash Flow Stabilises

June 25, 2021
Musk said that it would be difficult to go public before the company’s cash flow has stabilised. However, in a tweet, he said that he would do his best  to “give long-term Tesla shareholders preference.” The billionaire’s tweet came in response to a Twitter user asking whether Musk had any thoughts on a Starlink IPO […]
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Coinbase’s $100 Billion Valuation Creates New Fortunes

April 15, 2021
The founders and key investors of the cryptocurrency trading platform have seen their net worth jump after the Wednesday IPO.
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Deliveroo Targets £8.8 Billion Valuation in London IPO

March 22, 2021
The online food delivery firm is poised for London’s biggest stock market flotation for almost a decade.
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Bill Ackman Donates $1.3 Billion Coupang Stake to Charity

March 16, 2021
Days after the eCommerce giant’s blockbuster IPO, hedge fund CEO Bill Ackman is donating his shares.
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Roblox CEO’s Net Worth Hits $4 Billion After Blockbuster IPO

March 11, 2021
The video game site, which is used by over half of US children, pushed its founder’s wealth to new heights on a $41.9 billion valuation.
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