Investments

IPO
Micromobility Startup Helbiz To Merge With SPAC; Will Establish Ghost Kitchens
February 08, 2021

Helbiz, a micromobility startup, is looking to go public via special purpose acquisition company (SPAC), according to a report from TechCrunch. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Investments
Getaway Raises $41.7M To Expand Cabin Leasing Options Outside Major Cities
February 08, 2021

Getaway, a Brooklyn, New York-based company that leases tiny cabins in the woods, says it has raised $41.7 million in Series C funding and will use the capital to expand across the United States. In a news release announcing the investment, the company stated that...

Investments
Autonomous Vehicle Tech Pony.ai Raises $100 Million
February 08, 2021

Pony.ai, a California developer of self-driving car technology that has landed big investments from Toyota and other major automobile players, has raised another $100 million, Venturebeat reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Investments
Supply Chain Finance Firm Greensill Capital Puts Capital Raise On Ice
February 08, 2021

Supply chain financing company Greensill Capital delayed a new round of fundraising by several months after increasing the amount it wants to raise, the Wall Street Journal reported, citing “people familiar with the matter.” Get the Full Story Complete the form to unlock this article...

Investments
Report: Robinhood Margin Account Users 14 Times More Likely To Default
February 08, 2021

It’s not a well-publicized feature, but stock trading app Robinhood is also in the lending business. Late last week, some issues with that business attracted the attention of CBS MoneyWatch, which found that investors who borrowed money from Robinhood were nearly 14 times as likely...

IPO
InsurTech Oscar Health Files For IPO After Losing $407 Million In 2020
February 07, 2021

Oscar Health is going public and filed an S-1 with the U.S. Securities and Exchange Commission (SEC). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...

Investments
Will SPACs Become The Hottest New Celebrity Investing Trend?
February 05, 2021

The celebrity SPAC line-up just got a high-profile new player — a quite literal heavy-hitter. Former Yankees all-star third baseman Alex Rodriguez is throwing his hat into the SPAC market, with his  Slam Corp. reportedly looking to raise $500 million in its initial public offering...

IPO
SEC Probes Clover Health Actions In Going Public Via SPAC
February 05, 2021

Clover Health said Friday (Feb. 5) it would cooperate with the Securities and Exchange Commission (SEC) on an investigation prompted by a scathing report on Clover Health’s actions as it went public last month, CNBC reported. Get the Full Story Complete the form to unlock...

Investments
GameStop Shares Up After Robinhood Lifts Buying Restrictions
February 05, 2021

Shares of GameStop and other stocks rose after Robinhood removed trading restrictions on  Friday (Feb. 5), Reuters reported. GameStop escalated 8.4 percent in U.S. pre-market trading.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...