Instacart has come a long way since its inception in 2012, with the company now gearing up for its initial public offering (IPO), which is expected before the end of the year. From the grocery aggregator’s founding a decade ago with support from Y Combinator...
A banner week — but just not in the direction investors would have hoped. Macro-economic concerns dominated market mindsets these past several sessions, and worries about interest rates in particular — spiking sharply to the upside as the Fed put in another jumbo-sized rate hike....
Nasdaq is reportedly upping its scrutiny of small-cap companies’ initial public offerings (IPOs) after some new listings made massive gains followed by similarly big drops. The stock exchange is looking more closely at companies across industries and countries, and some firms have reacted to the...
Japan’s Rakuten Group has tapped Goldman Sachs and Daiwa Securities to oversee an initial public offering (IPO) for its banking unit. That’s according to a Wednesday (Sept. 21) report by Bloomberg News, citing sources familiar with the matter. The sources say Rakuten — whose businesses...
The declines in the U.S. stock market that started early this year have scared off investors in technology startups and led to the longest stretch without a tech initial public offering (IPO) in this century. Wednesday (Sept. 21) will be the 238th day without a...
A shortened trading week, a muted performance and, in fact, barely much of a performance at all. To that end, the FinTech IPO Index barely budged, losing 0.1%. The flurry of earnings is pretty much done, and the volatility of the past several weeks has...
After announcing in March that it was delaying its planned initial public offering (IPO), yogurt company Chobani announced Friday (Sept. 2) that it is withdrawing the IPO. The company said in a Friday filing with the Securities and Exchange Commission (SEC) that it has decided...
For the FinTech IPO Index, it feels like the long weekend cannot come fast enough. The downturn continues, even as earnings are largely in the rearview mirror, even though headlines in the past several trading sessions have been sporadic. Overall, the index was down 3.5%,...
African FinTech Flutterwave is moving ahead with preparations for an initial public offering (IPO) on the Nasdaq despite claims of financial impropriety by the Central Bank of Kenya (CBK) and its bank accounts being frozen by Kenya’s High Court. “We have the attractive market potential...