NASDAQ

  • Surging tech stocks have pushed Nasdaq over 6000 for the first time ever

    Surging tech stocks have pushed Nasdaq over 6000 for the first time ever

    The Nasdaq composite just passed 6000 for the first time, hitting an all-time intraday high in the process. Over the past 12 months the composite is up nearly 32%. The majority of this strong performance can be attributed to five technology stocks that have also been surging – Apple, Facebook, Amazon, Microsoft and Alphabet account for about 40% of the composite’s gains in 2017.
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  • Few startups IPOed this year, but the ones that did soared

    Few startups IPOed this year, but the ones that did soared

    There weren’t many tech IPOs this year, but they performed well. Just 14 venture-backed tech companies went public, according to Dealogic. This compares to 25 last year and the 40+ we saw in each of the five years before.  The last time we had fewer tech IPOs was in the 2009 financial crisis. Macroeconomic concerns related to oil prices, China and the Brexit made it a suboptimal time… Read More

  • Trivago closes up 8% in public debut

    Trivago closes up 8% in public debut

    Hotel search site Trivago went public on Friday, after separating from Expedia. The company priced its shares at $11 and closed the day at $11.85, up 7.73 percent. But this was after pricing at $11 per share, below the $13 to $15 range that had been forecast. The company raised $287 million in the offering and plans to use the capital to focus on growth and potentially make strategic… Read More

  • Trivago files to raise up to $428 million in IPO

    Trivago files to raise up to $428 million in IPO

    German hotel booking site Trivago updated its plans for a U.S. IPO in a filing that came out on Monday. The company expects to price its shares between $13 to $15, a $428 million offering at the top end of the range. Officially named Travel B.V., the company will change its name to Trivago to match its popular web property, before completing the IPO later this month. Expedia will still own… Read More

  • Coupa up 87% in software IPO

    Coupa up 87% in software IPO

    Coupa was off to the races when it went public on Thursday. The “spend management” software company priced its IPO at $18 and saw its shares almost double during its first day of trading. With clients like Nike and Toyota, Coupa helps companies keep tabs on everyday expenditures and competes with divisions of Oracle and SAP. Founded a decade ago, they claim they’ve saved… Read More

  • Dell’s SecureWorks stumbles in first tech IPO of the year

    It has been a dry year for tech IPOs. Up until today’s SecureWorks offering, there had been zero in the U.S. in 2016. Zero. This compares to seven in the same period last year and 24 in that timeframe the year before. So tech investors and late-stage private companies were watching SecureWorks closely, to see if the tech IPO window would reopen. It is one of the few indications we have… Read More

  • Worst Year For Tech IPOs Since 2009

    Worst Year For Tech IPOs Since 2009

    With just 28 technology companies entering the U.S. public markets, 2015 was the worst year for IPOs since 2009, according to Dealogic. This compares to 62 last year and 48 the year before, with 131 “unicorns” opting to remain private longer. “We haven’t seen so few tech IPOs since the 2008-09 U.S. financial crisis,” notes Kathleen Smith, principal at IPO ETF… Read More

  • NASDAQ Acquires SecondMarket To Help Startups Sell Shares

    NASDAQ Acquires SecondMarket To Help Startups Sell Shares

    NASDAQ has agreed to buy SecondMarket Solutions to combine forces with the NASDAQ Private Market. The group will facilitate the exchange of shares for private companies, including DocuSign, Pinterest, Shazam and Tango. Bill Siegel, present CEO of SecondMarket, will lead the expanded NASDAQ Private Market business, which will be headquartered in both San Francisco and New York. The businesses… Read More

  • Hello Again, NASDAQ 5,000

    Hello Again, NASDAQ 5,000

    Update: The NASDAQ closed at 5,008.10, up 0.9 percent on the day. That the index closed over the 5,000 mark is even more interesting that it managed to break the level during intraday trading.  The NASDAQ Composite index, a barometer of sorts of the technology industry, traded north of the 5,000 mark today. It was the first time the Composite had traded at that level since the late 90s… Read More