Pinterest Falls 19% on Its First Earnings Report, Previewing a Troubling Post-Tech IPO Trend

The bullish tech IPO market of early 2019 faced another setback Thursday as Pinterest, which has seen its stock price soar following its listing a month ago, delivered its first-ever earnings report. The numbers were largely below what investors were hoping for, causing the stock to fall as much as 19% in after-hours trading. Pinterest […]

Uber Opted for ‘Conservative Pricing’ During Its IPO but Still Raised $8.1 Billion

Uber Technologies raised $8.1 billion in its initial public offering after pricing shares near the bottom of their marketed range. The ride-hailing company sold 180 million shares for $45 each, according to a statement Thursday. It had marketed them for $44 to $50 apiece. Based on the amount of stock outstanding after the offering, the […]

Beyond Meat Inc. May Have Just Had the Best IPO Debut of 2019

Beyond Meat Inc. piled on the beef-substitute market value as it headed for what could be the year’s best debut for a U.S. initial public offering. The maker of vegan beef and sausage substitutes soared, rising as much as 192 percent from its IPO price of $25 share. The shares opened at $46 and were […]

Lyft Rises 9% on First Day of Trading for a Market Cap of $26.5 Billion

Lyft’s long-awaited debut on a U.S. stock exchange proved to be a success Friday, with the stock closing up 8.7% at $78.29 a share, giving the stock a $26.6 billion valuation after its first day of trading and auguring a warm welcome for other tech decacorns that have shunned the IPO pipeline for years. Although […]

Lyft Prices IPO at $72 a Share, Valuing Company at $24 Billion

Ride-sharing company Lyft priced its initial public offering at $72 a share late Thursday, valuing the company at $24.3 billion in what is likely to be the first of many tech IPOs hitting the public stock market in the coming months. Lyft’s stock is expected to begin trading Friday morning on the Nasdaq Global Select […]

Uber, the Mother of All Unicorns, Will Finally Begin Its IPO Process in April, Report Says

Uber is planning to begin its long-delayed IPO process in April, Reuters reported Thursday. The offering, which could value the company at $120 billion–the largest of several tech IPOs in 2019–will probably start after the stock of Lyft, its chief rival, has already debuted. Uber is planning to file its S-1 prospectus with the Securities […]