The U.S. Securities and Exchange Commission (SEC) will be examining the public offering from Didi in the U.S., Bloomberg writes. The ride-hailing giant said it’s cooperating with authorities, though there was no information on what would happen in the future with this. The SEC probe...
Down 7.5% for the week. Ending April down 16.4%. And for the year, the FinTech IPO Tracker has dropped 34.3%. More of the same, in other words — and the future will no doubt be rocky. Because: May is when we will see earnings reports,...
Product announcements, new pacts, cash back cards — none of it enough to give PYMNTS’ class of digital startups, newly trading on U.S. stock exchanges, a bounce. To that end, the FinTech IPO Stock Index, as tracked by PYMNTS, continued its downturn, sliding 3% on...
Digital asset platform Blockchain.com is getting ready for an initial public offering (IPO) at a valuation of $14 billion that could happen before the end of this year, Bloomberg reported on Tuesday (April 19), citing unnamed sources with insider information. The platform is now in...
FirstCry, a baby products-focused eCommerce company headquartered in India, is preparing to file an initial public offering (IPO), Bloomberg reported Wednesday (April 13). Sources told the news outlet that the retailer could raise $700 million as it seeks a valuation of $6 billion. The IPO...
Wellness technology platform Mindbody is eyeing a return to the public markets as people start heading to gyms and boutique fitness studios, Financial Times (FT) reported on Monday (April 11). Founded in 2001, Mindbody initially went public on Nasdaq in June 2015 under the ticker...
Enterprise blockchain firm Applied Blockchain is preparing for a $60 million initial public offering (IPO) on the Nasdaq market, the company said in a Securities and Exchange Commission (SEC) filing Friday (April 8). Applied Blockchain, which builds data centers for bitcoin mining, plans to offer...
BankBazaar.com, a FinTech co-branded credit card issuer and online platform for free credit score, will go for an IPO in 2023, a report in the Times of India said Thursday (April 7). The company plans to recruit over 1,500 new employees for its expansions of...
No letup here … Fresh into a new quarter, the FinTech IPO Index continued its decline, having slipped 5% on the week, outpacing the roughly 2% drop seen in the broader markets, and worse than the nearly 3% drop in the Nasdaq. As of this...