Hedge fund Elliott Management has reportedly purchased a large stake in payments automation company BILL. That’s according to a report Tuesday (Sept. 9) by the Financial Times (FT), which says the activist fund is betting that BILL could be the latest in a string of payment company takeovers. Elliott’s stake...
Klarna has priced its initial public offering (IPO) at $40 per share, higher than its expected $35-$37 range. As Seeking Alpha noted in a report Wednesday (Sept. 10) morning, this price range values the Swedish FinTech at $15.1 billion, still far short of its $45...
Markets move fast, but FinTech IPOs move faster. Tuesday night (Sept. 9), the investing world anxiously waited ahead of a listing slated for Wednesday, and Klarna may set the stage for FinTechs to come knocking on the public market’s door. As reported by Reuters, investor...
Stablecoin issuer Figure has increased the size and price range of its initial public offering (IPO). The company said in a securities filing Tuesday (Sept. 9) that it was now marketing the IPO at a price range of $20 to $22 a share, aiming to sell 31.5 million shares....
Motion raised $60 million in recent funding rounds to continue developing its agentic work suite that provides artificial intelligence (AI) applications and agents designed for small- to medium-sized businesses (SMBs). The company raised the new funding across Series B, Series C and Series C2 rounds,...
Watch more: Small Door Raises $55 Million to Keep Pets Out of the Doghouse at the Vet The U.S. veterinary care market is vast by any measure, with roughly 32,000 practices serving more than 94 million pet owners. Most practices are small, independent “mom and...
Klarna is reportedly guiding its initial public offering (IPO) pricing at the top end or above the marketing range amid strong demand for shares from investors. The company and some of its investors are offering 34.3 million shares at $35 to $37 per share but...
Ticket reseller StubHub says it aims to raise up to $851 million when it goes public. That figure would give the company a valuation of as much as $9.2 billion, StubHub said in a filing Monday (Sept. 8). According to a news release, the company has launched the roadshow for...
Artificial intelligence (AI) software code generation firm Cognition is now a $10 billion company. The startup announced Monday (Sept. 8) that it had raised $400 million in a funding round, the latest in a series of AI firms seeing their valuations skyrocket recently. “We founded Cognition last year to...