stock market

  • Southeast Asia games firm Sea, formerly Garena, files for $1 billion US IPO

    Southeast Asia games firm Sea, formerly Garena, files for $1 billion US IPO

    Southeast Asia-based games and e-commerce firm Sea, formerly known as Garena, has officially filed for its much-anticipated U.S. IPO. The company, which is valued at over $3.75 billion, will list on the New York Stock Exchange as ‘SE’ and is looking to raise $1 billion. Sea is best known for its Garena gaming business, which predominantly focuses on PC games but also includes… Read More

  • Will Blue Apron’s rebound continue?

    Will Blue Apron’s rebound continue?

    Cooking kit delivery company Blue Apron traded up 3.5% on the stock market Monday, erasing some of the losses from its first two days as a public company. Shares closed at $9.67, which was still beneath last week’s $10 IPO price. This is in contrast to a lot of public debuts, where companies are typically in the green for the first day “pop.” It’s the subsequent days… Read More

  • Tech stocks tanked for the second straight day

    Tech stocks tanked for the second straight day

    It’s been a bad few days for tech stocks. The FANG stocks, a moniker used to collectively describe Facebook, Amazon, Netflix and Google (now Alphabet) have had a rough two days on Wall Street. And even though Apple isn’t included in the original FANG group (which was designed to describe a grouping of high-risk but high-reward mega-growth stocks), the company has also underperformed… Read More

  • How to price your IPO Crunch Network

    How to price your IPO

    If pops are hard to vet, and IPO pricing remains an art-science hybrid, what measuring stick can we use to decide when an IPO did well, versus gains so steep that it probably could have raised a bit more in its flotation? Read More

  • 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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  • MuleSoft prices IPO above expected range at $17 per share

    MuleSoft prices IPO above expected range at $17 per share

    Enterprise software company MuleSoft will go public tomorrow and just priced their IPO at $17 – slightly above the proposed $14-16 range. The company will start trading on the New York Stock Exchange tomorrow, under the symbol “MULE”. Founded in 2006, MuleSoft is an integration platform that helps help businesses use APIs to connect different types of software and… Read More

  • Snap has already tumbled 11% on day four

    Snap has already tumbled 11% on day four

    Snap, the parent of Snapchat, had a great first two days on the stock market, only to be followed by two terrible ones. Shares quickly tumbled to beneath $22, a more than 11 percent drop in morning trading. This means that most investors are already losing money on the social media company. Snap opened Thursday at $24 per share. It is still above its $17 IPO price, but that’s… Read More

  • Snap tumbles 12% on day three, erases gains

    Snap tumbles 12% on day three, erases gains

    Snapchat parent Snap Inc. debuted on the stock market Thursday and immediately saw substantial gains on its first two days. But the excitement has already worn off, with shares tumbling more than 12 percent on day three. After finishing Friday at $27.09 per share, Snap closed at $23.77 on Monday, beneath the $24 where it opened on its first day of trading. This is still above the $17… Read More

  • The price of Bitcoin just hit an all-time high

    The price of Bitcoin just hit an all-time high

    Wow — Bitcoin just hit an all-time high. The digital currency is currently trading at around $1,186 — which is about $20 more than its previous all-time high of ~$1,165, which it hit in November 2013, at the height of Bitcoin-mania. Read More

  • 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

  • The price of bitcoin is creeping back toward its 3-year high of $1,000

    The price of bitcoin is creeping back toward its 3-year high of $1,000

    Does it feel like the only time you hear about Bitcoin is when the price is either abruptly soaring or sinking? Us too! This time it’s soaring. Bitcoin is up about 30% over the last month, and about 50% over the last 3 months. The current price is hovering right around $950. The last time it traded this close to $1,000 was in January 2014 when the price hit $1,023 – right before… Read More

  • GoPro shows its vulnerability after horrific Q3 earnings

    GoPro shows its vulnerability after horrific Q3 earnings

    Expectations were already incredibly low for GoPro this go around and yet somehow the company managed to eclipse even the worst fears of analysts. The company’s stock trading was halted prior to the release of results that missed revenue expectations by 23 percent and nearly $75 million. When trading began again, shares were down 22 percent. This means that, in a matter of minutes… Read More

  • Coupa is the latest unicorn to file for an IPO

    Coupa is the latest unicorn to file for an IPO

    It has been a slow year for tech IPOs, but cloud software maker Coupa has publicly filed. This is generally an indication that the company will debut on the stock market in a matter of weeks. The unicorn, whose largest shareholders include Battery Ventures and BlueRun Ventures, plans to list on the Nasdaq under the ticker, “COUP.” The company plans to raise roughly $75 million… Read More

  • Social investing site Instavest raises $1.7M in seed funding

    Social investing site Instavest raises $1.7M in seed funding

    Part of YC’s Winter 2015 class, Instavest is a startup trying to turn investing — an activity most of us are used to doing privately — into a social activity. The site launched about a year and a half ago with the goal of helping average retail investors learn from others who have more experience in investing and the stock market. Today the startup announced they closed a… Read More

  • Twilio beats expectations with revenue of $64.5M in solid Q2 earnings

    Twilio beats expectations with revenue of $64.5M in solid Q2 earnings

    Twilio, exceeded revenue expectations in Q2 earnings released today after the bell. Immediately share prices increased in after-hours trading before falling back to the market closing price. The cloud-communications company reported revenue of $64.5 million and a loss per share of $0.08. Twilio beat revenue by over 10 percent. Analysts had expected a loss of $0.14 per share on revenue… Read More

  • StockTwits raises funding, gets new CEO

    StockTwits raises funding, gets new CEO

    It’s like Twitter, but for the stock market. The inventor of the “cash tag,” StockTwits, is announcing some big changes. Armed with an additional $2 million in funding led by Social Leverage, Ian Rosen, co-founder of Even Financial and former general manager at MarketWatch, will be taking the helm as CEO. StockTwits founder Howard Lindzon will be moving into the executive… Read More

  • Signs point to a contraction, but no one’s bursting venture capital’s bubble Crunch Network

    Signs point to a contraction, but no one’s bursting venture capital’s bubble

    Regardless of the economic climate, the real job of any investor is to help entrepreneurs build meaningful companies and technologies. The best investors that we know don’t try to time the market, and neither do the best entrepreneurs. We have to keep at it. Read More

  • T-Mobile is giving every customer a share of its stock

    T-Mobile is giving every customer a share of its stock

    T-Mobile had another of its un-carrier events today, which now have so many regular giveaways they are starting to look like an episode of Oprah. First, the company announced that every current T-Mobile account holder on a postpaid plan will get one share of common stock in the company, which is currently worth about $43. New qualifying customers will also get one share once they sign up… Read More

  • Will Twilio reopen tech IPO window?

    Will Twilio reopen tech IPO window?

    Twilio, the cloud communications platform, has revealed its IPO filing, signifying that it could enter the public markets as early as next month. If the company ends up going through with its plans, it would likely be just the third tech IPO of the year. This has been the worst year for public offerings since the 2009 recession. Twilio has been rumored to be entering the public markets for… Read More