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How to Invest in IPOs and SPACS? Cautiously.

  • How to Invest in IPOs and SPACS? Cautiously. How to Invest in IPOs and SPACS? Cautiously. 2:43
    What Happened to China's Superstar Entrepreneur Jack Ma What Happened to China's Superstar Entrepreneur Jack Ma 7:08
    NYSE on SPACs NYSE on SPACs 2:02
    Understanding the SPAC Space Understanding the SPAC Space 1:09
8:40 a.m. March 6, 2021 - By Michael Brush
The inflation tantrum scared investors --- here are eight tech stocks to buy when it happens again soonWorries over accelerating inflation will persist this year, giving investors a buying opportunity when stocks falter.
10:41 a.m. March 5, 2021 - Barrons.com
London Stock Exchange Downgraded Ahead of Blank-Check Company Rule Changes. Here’s Why. Citi downgraded the stock from buy to neutral following an “underwhelming” conference call with management.
10:32 a.m. March 5, 2021 - Barrons.com
Reddit Hires the CFO Who Helped Snap to Go Public Drew Vollero will join the social-media company this month. He will report to Jen Wong, the chief operating officer.
8:16 a.m. March 5, 2021 - Barrons.com
Joann Could Raise $186 Million in IPO Craft retailer Joann's initial public offering of 10.9 million shares could be priced from $15 to $17 each.
6:41 p.m. March 4, 2021 - MarketWatch.com
Shutterfly may go public through SPAC mergerShutterfly Inc. is in talks to go public through a merger with a blank-check company, according to people familiar with the matter, less than two years after Apollo Global Management Inc. took the online-photo-book maker private.
11:46 a.m. March 4, 2021 - Barrons.com
InnovAge, an Elder-Care IPO, Gains on First Day The company, the second to make its markets debut this week, collected $350 million after pricing its offering above the range it had told investors to expect.
10:41 a.m. March 4, 2021 - Barrons.com
Amazon-Backed Deliveroo Chooses London for $7 Billion IPO British food-delivery company Deliveroo has chosen London for its IPO, in a boost to the city following a listing rules review published earlier this week.
10:30 a.m. March 4, 2021 - MarketWatch.com
London set to overhaul listing rules to attract tech IPOs and cash in on blank-check boomGovernment-backed review proposes allowing dual-class shares to give founders greater control of their businesses.
10:26 a.m. March 4, 2021 - Barrons.com
London to Relax Listing Rules to Attract Tech IPOs and Blank-Check Companies The U.K. is set to make sweeping changes to London listing rules post-Brexit.
7:18 a.m. March 4, 2021 - By Tomi Kilgore
Bumble stock jumps after first analyst starts coverage, with a 'positive' ratingShares of Bumble Inc. surged 2.6% in midday trading Thursday, a day after closing at the lowest price since going public, as received its first endorsement from a Wall Street analyst. Susquehanna's Shyam Patil became the first to initiate coverage of Bumble, has he started with a positive rating and stock price target of $78, which is about 24% above current levels, saying the company has a "solid niche" in the large and growing online dating market. "Although Tinder is the clear leader, Bumble does appear to be differentiated in that it is female-centric -- only females can send the first message -- which should allow it to be a complement/alternative to market leader Tinder," Patil wrote in a note to clients. Match Group Inc. is the parent of Tinder. "We believe that most users who pay for dating apps pay for multiple services, not just one, so [Bumble] can continue improving monetization and attracting new paying users even if they also pay for Tinder or other dating services." Susquehanna was not listed as one of the underwriters of Bumble's IPO. Since the Feb. 11 close, , the stock has lost 9.5%, but was still 48.0% above the IPO price. Over the same time, Match shares have shed 14.4%, while the Renaissance IPO ETF has dropped 16.2% and the S&P 500 has slipped 2.3%.
7:04 a.m. March 4, 2021 - By Ciara Linnane
Arts and crafts retailer Joann to offer 10.9 million shares in planned IPO, priced at $15 to $17 eachArts and crafts retailer Joann Inc. set terms for its initial public offering on Thursday, with plans to offer 10.9 million shares priced at $15 to $17 each. The company has applied to list on Nasdaq, under the ticker symbol 'JOAN.' There are 11 banks underwriting the deal, led by BofA Securities and Credit Suisse. Proceeds of the deal will be used to pay down borrowings under a second lien facility and if possible, to pay down borrowing on an ABL facility. "JOANN is the nation's category leader in Sewing and one of the fastest growing players in the arts and crafts category," the company says in its filing documents. The company had net income of $174 million, or $4.88 a share, in the thirty-nine weeks through Oct. 31, after a loss of $188.5 million, or $5.40 a share, in the year-earlier period. Sales climbed to $1.922 billion from $1.546 million. The company intends to pay a 40 cents a share quarterly dividend to its shareholders.
4:28 a.m. March 4, 2021 - By Steve Goldstein
Walmart-held Flipkart weighs U.S. listing: reportFlipkart, the online Indian retailer mostly owned by Walmart , is considering a U.S. listing by merging with a special purpose acquisition company, , citing people familiar with the matter. The report said Flipkart would seek a valuation of at least $35 billion. Walmart in 2018 bought . In a statement, Walmart said, "we have been clear that we support an IPO for Flipkart, but we have not made any decisions on timing, listing venue or methodology."
3:29 a.m. March 4, 2021 - By Jeremy C. Owens
Snowflake stock drops in after-hours trading as losses, revenue continue to growSnowflake Inc. wrapped up a monumental year with expanding losses that sent shares lower in after-hours trading Wednesday.
12:09 p.m. March 3, 2021 - By Claudia Assis
Online secondhand-clothing retailer ThredUp files for IPOThredUp Inc. has filed for an initial public offering, the latest retailer trying to capitalize on generational shifts toward online shopping and secondhand clothing.
11:52 a.m. March 3, 2021 - Barrons.com
Oscar Health, Backed by Josh Kushner, Falls Below Its IPO Price The insurtech, which raised $1.4 billion with its initial public offering, began trading on Wednesday.
10:57 a.m. March 3, 2021 - MarketWatch.com
Why the U.K. is set to ease IPO rules to better compete with New York or EuropeA review commissioned by the U.K. government suggests an overhaul of the London Stock Exchange’s listing rules, to enable London to better compete with New York or European bourses such as Amsterdam.
9:30 a.m. March 3, 2021 - Barrons.com
KKR-Backed Applovin Files for IPO Applovin, which provides software for mobile-game developers, made a regulatory filing for an initial public offering of stock. KKR owns more than two-thirds of Applovin's voting power.
8:28 a.m. March 3, 2021 - By Ciara Linnane
Oscar Health has gone public: Five things to know about the digital insurer Oscar Health Inc., the digital health-insurance company well known to New Yorkers thanks to a subway advertising campaign, has gone public in a deal that priced above the proposed price range.
7:23 a.m. March 3, 2021 - By Tomi Kilgore
Oscar Health stock stumbles out of the gateShares of Oscar Health Inc. didn't pick a great day to go public, as the stock opened 7.7% above the initial public offering price despite better-than-expected pre-open investor demand. The offered 37 million shares in the upsized IPO, which priced at $39 each, above the of between $36 and $38 a share. The pricing valued the company at about $7.69 billion. The stock's first trade was at $36.00 at 12:15 p.m. Eastern for 2.5 million shares. The stock has since pared some losses to trade down 6.7% at $36.17, while trading in a range of $35.00 to $36.77. Oscar Health went public on a day that the Renaissance IPO ETF was shedding 3.3% while the S&P 500 fell 0.4%.
10:18 p.m. March 2, 2021 - By Steve Goldstein
Oscar Health IPO prices above range to raise $1.4 billionOscar Health said that it's priced its initial public offering at $39, raising $1.4 billion. The company twice raised the range of its pricing. Co-Founder Joshua Kushner, the brother of Jared Kushner, the son-in-law of former President Donald Trump, will have 75% control of the company through his Thrive Capital venture firm. Oscar Health gets most of its revenue from
11:02 a.m. March 2, 2021 - MarketWatch.com
Chairman of Alibaba’s Ant Group insists IPO is still on the cardsChinese officials cited antitrust issues when they halted Ant Group’s IPO last year days before the planned $37 billion listing in Hong Kong and Shanghai.
9:56 a.m. March 2, 2021 - Barrons.com
Oscar Health IPO Could Raise as Much as $1.18 Billion Innovage Holding is another healthcare company set to go public this week.
7:47 a.m. March 2, 2021 - By Jack Denton
Online wine business founded by Richard Branson soars 20% in latest e-commerce IPOVirgin Wines is the latest e-commerce company to enjoy cheers from an initial public offering during the pandemic, with shares in the group jumping 20% after floating in London on Tuesday.
7:17 a.m. March 2, 2021 - Barrons.com
Compass, Backed by SoftBank, Could Go Public This Month The real-estate technology company plans to trade on the New York Stock Exchange under the symbol COMP.
3:53 a.m. March 2, 2021 - By Tomi Kilgore
Oscar Health IPO's expected pricing increased, lifting what company is raising to up to $1.2 billionOscar Health Inc. disclosed Tuesday that the expected pricing of its initial public offering has increased, to boost what was expected to raise by up to $124 million. The company is still offering 31.0 million shares in the IPO, but the IPO is now expected to price between $36 and $38 a share to raise $1.18 billion, up from previous expectations of between $32 and $34 a share to raise $1.05 billion. The number of shares outstanding expected after the IPO also increased, to 197.08 million from 197.04 million, which increases the expected market value of the company to $7.49 billion from $6.70 billion. The company is looking to go public at a time that the Renaissance IPO ETF has rallied 11.2% over the past three months while the S&P 500 has gained 6.4%.
2:57 a.m. March 2, 2021 - By Tomi Kilgore
Beacon Street to go public through merger with SPAC Ascendant DigitalBeacon Street Group LLC, a financial research and subscription services provider for self-directed investors, said Tuesday it will be going public through a merger with special purpose acquisition company Ascendant Digital Acquisition Corp. , in a deal valuing Beacon Street at nearly $3 billion. Shares of Ascendant Digital fell 2.7% in premarket trading. Under terms of the deal, Beacon Street will receive up to $374 million in cash and $2.5 billion or more in rollover equity. In 2020, Beacon Street recorded year-over-year revenue growth of 39% to $377 million and adjusted Ebitda (earnings before interest, taxes, depreciation and amortization) that grew 70% to $137 million. "Going public by combining with Ascendant is the natural evolution of our company and will position us for our next chapter as we take the necessary steps to further grow Beacon Street's industry-leading brands and offerings," said Beacon Street Chief Executive Mark Arnold. Ascendant Digital's stock, which went public in September, has tacked on 6.6% over the past three months through Monday, while the Renaissance IPO ETF has rallied 11.2% and the S&P 500 has gained 6.4%.
2:41 p.m. March 1, 2021 - Barrons.com
C3.ai Shares Fall After First Earnings Report Since IPO While C3.ai's revenues were ahead of estimates, investors may have expected more upside to than the artificial intelligence software company delivered.
2:01 p.m. March 1, 2021 - Barrons.com
Robinhood Will File for Its IPO Later This Month The free-trading app is on track to launch its much anticipated IPO in the second quarter.
11:19 a.m. March 1, 2021 - Barrons.com
Coupang's IPO Range Sets Value at About $50 Billion. It's a Win for SoftBank. The SoftBank Vision Fund's holding in the South Korean e-commerce company would would be worth $17 billion at the top end of the range.
10:59 a.m. March 1, 2021 - Barrons.com
Smart-TV Maker VIZIO Files to Go Public The company has been a winner from the pandemic as lockdowns forced people to remain at home, and stimulus checks gave many the ability to upgrade their TVs.
9:33 a.m. March 1, 2021 - By Michael Brush
How to find the most promising SPACs and dodge the hidden dangersThe track record of the sponsors and the investors involved is key.
9:31 a.m. March 1, 2021 - By Michael Brush
These are the hidden dangers lurking inside SPACs that can hurt youBeware --- your shares can get diluted by over 100%.
9:19 a.m. March 1, 2021 - Barrons.com
On24 Shares Surge as Multiple Analysts Jump In With Buy Ratings J.P. Morgan's Sterling Auty took the most aggressive stance on the stock, with a target price of $85, the highest on Wall Street.
6:19 a.m. March 1, 2021 - By Tomi Kilgore
DoorDash discloses early expiration of lockup agreements on about 114 million sharesDoorDash Inc. disclosed Monday that the underwriters of its initial public offering have agreed to an early expiration of some of lock-up agreements, which could make more than 110 million shares available for sale. The stock, which , rose 1.9% in morning trading. The food-delivery platform the shares will become eligible for sales on March 9, or about three months before the expiration of the original 180-day lock-up agreement. The company had said that in the case of an early expiration of some of the lock-up agreements, 95,709,974 Class A shares held by former holders of convertible preferred stock, 6,262,890 of Class A shares held by board members and management and 11,889,744 shares of Class A shares held by all other holders -- a total of about 113.9 million shares -- would be eligible for sale. That represents about 35.8% of the total shares outstanding, and could effectively more than double . The stock has rallied 21.0% year to date, while the Renaissance IPO ETF has gained 6.4% and the S&P 500 has tacked on 3.8%.
1:58 a.m. March 1, 2021 - By Tomi Kilgore
Space data collection company Spire Global to go public through merger with SPAC NavSight HoldingsShares of NavSight Holdings Inc. rallied 6.4% in premarket trading Monday, after the special purpose acquisition company (SPAC) announced a merger that will take space-based data and analytics company Spire Global Inc. public. The deal, which is expected to close in summer 2021, values the combined company at $1.6 billion, and is expected to provide about $475 million in proceeds. Spire uses a constellation of nanosatellites called LEMUR (low earth multi-use receiver) to collect space-based data. The company uses "space-as-a-service" business model. Once the deal closes, the stock will list on the NYSE under the ticker symbol "SPIR." "[O]ur proprietary data and solutions help customers solve some of earth's greatest challenges, including Net Zero and Climate Change adaptation," said Spire Chief Executive Peter Platzer. NavSight's stock, which went public in November, has gained 6.4% over the past three months through Friday, while the Renaissance IPO ETF has advanced 7.1% and the S&P 500 has tacked on 4.1%.
1:44 a.m. March 1, 2021 - By Tomi Kilgore
Rocket Lab to go public in merger with SPAC Vector Acquisition, valuing company at $4.1 billionRocket Lab USA Inc. announced Monday it will be going public through an acquisition by special purpose acquisition company (SPAC) Vector Acquisition Corp. , in a deal that values the launch and space systems company at $4.1 billion. Vector Acquisition's stock soared 20.5% in premarket trading. After the merger closes, which is expected to occur in the second quarter of 2021, the company will be named Rocket Lab USA Inc. and the stock will trade on the Nasdaq under the ticker symbol "RKLB." The companies expect to have a cash balance of $750 million after the deal closes. Separately, Rocket Lab unveiled its medium-lift Neutron rocket, a reusable launch vehicle with an 8-ton payload lift capacity, to be used for mega constellations, deep space missions and human spaceflight. "Not only are we the leader in small launch, we are the second most frequently launched rocket in the U.S. annually and the fourth most frequent launcher globally," said Chief Executive Peter Beck. Vector Acquisition's stock, which went public in November, has gained 2.8% over the past three months, while shares of spaceflight services company Virgin Galactic Holdings Inc. have run up 31.3% and the S&P 500 has gained 4.1%.
6:44 a.m. Feb. 27, 2021 - By Jeff Reeves
7 smarter ways to play the boom in videogames and esports than buying GameStopLook beyond Activision Blizzard and Nvidia and focus on the stocks of these up-and-coming companies as well as a trio of ETFs.
4:26 a.m. Feb. 27, 2021 - By Philip van Doorn
Weekend reads: How to select the best SPACs so you don't get burnedAlso, rising interest rates, tax-time tips and stock picks.
1:45 p.m. Feb. 26, 2021 - Barrons.com
ACV Auctions, Backed by SoftBank, Files to Go Public The wholesale auto-auction site made the prospectus for its offering public on Friday. It didn't say how much money it is seeking to raise.
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