public markets

Why you have to pay attention to the public markets this week

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Alex and Grace are back to cover the biggest and most intere

Bird gets a warning from the NYSE because its stock price is too low

Scooter and micromobility company Bird has to fly at a slightly higher altitude — at least if it wants to keep its New York Stock Exchange (NYSE) listing. The company issued a press release on Frida

Bidding adieu to the SPAC craze

The implosion of the SPAC boom has proven a multiquarter process. We may be in the final throes of the experiment, at least from a startup perspective.

Bullish or bearish? What to expect for Europe VC activity in 2022

What is ahead for Europe's red-hot startup market? To help us with that question, we corralled Nalin Patel, EMEA VC Analyst at PitchBook, and Christoph Janz, co-founder at Point Nine Capital.

As Sequoia changes its model, other permanent-capital VCs weigh in

To better understand Sequoia's new model, The Exchange reached out to a number of publicly listed venture capital groups from the United Kingdom.

Quizlet plans for IPO over a year after hitting unicorn status

Quizlet, a flashcard tool turned artificial intelligence-powered tutoring platform, is planning an initial public offering nearly a year after it was valued at $1 billion. According to people familiar

Coinbase sets direct listing reference price at $250/share, valuing the company at as much as $65B

Coinbase, the American cryptocurrency trading giant, has set a reference price for its direct listing at $250 per share. According to the company’s most recent SEC filing, it has a fully diluted

A first look at UiPath’s IPO filing

This morning, well-known robotic process automation (RPA) unicorn UiPath has filed to go public. The company’s S-1 filing comes after it raised billions of dollars while private, making it amon

Robinhood files confidentially to go public

Today Bloomberg reported, and Axios confirmed that Robinhood has filed privately to go public. The well-financed Robinhood is an American fintech company that provides zero-cost trading services to co

Coinbase files to go public in a key listing for the cryptocurrency category

This morning Coinbase, an American cryptocurrency exchange, released an S-1 filing ahead of its direct listing. The company’s public debut has been hotly anticipated thanks to recent activity am

As expected, stock trading service Public raises $220M at unicorn valuation

The day before Robinhood goes under the the Congressional hammer, domestic rival Public.com announced this morning that it has closed a $220 million funding round at a $1.2 billion valuation. News of

Affirm doubles after starting to trade despite strong IPO pricing

Today shares of Affirm, a buy-now-pay-later unicorn, started trading above $90 per share, far above its $49 per-share IPO price, a figure that was already miles above the company’s early expectation

Robinhood pays $65M to settle SEC charges for past ‘inferior’ pricing execution, misleading customers

Today, American securities watchdog the SEC announced that Robinhood, a free-to-trade broker that has grown rapidly in recent years, has paid a $65 million fine to settle charges relating to some of

Stocks fall sharply as US government warns of hard weeks ahead

A recent rebound in domestic equity prices faded further into the distance today, as American stocks fell for a second consecutive day following modest Tuesday declines. After rising from new 52-week

Stocks change their mind again, falling sharply this morning in early trading

Have you ever seen a dead cat bounce? It’s a term that Wall Street traders coined to describe the moment when collapsing markets briefly rise before resuming a downward trajectory. It looks like

Fall 2018 tech IPOs face myriad of headwinds

2018 has been an incredibly strong year for IPOs, particularly in the technology sector. Among the brand names this year that have made their public debuts are Dropbox, Xiaomi, Spotify (through a dire

Here’s what Spotify shares will be worth when they start trading

Spotify has finally filed to go public. But unlike most tech offerings, Spotify won’t be raising any money by issuing new shares. Instead they’ll just allow existing shares owned by invest

SEC warns against public companies adding blockchain to their name

Everyone knows that both Main Street and Wall Street investors are going gangbusters for cryptocurrency and blockchain-related technology. But here’s the thing. It’s currently nearly impos

Killing technology innovation in the public markets

In 2004, Google finally went public in a long-awaited offering that lit the public markets on fire. But Google’s S-1 filing was probably as unusual as anything the technology markets had ever seen: