Ahead of Uber IPO, Biggest Shareholder SoftBank Is Already Reaping Rewards

Hours ahead of Uber Technologies Inc.’s market debut, the ride-hailing company’s biggest shareholder, Masayoshi Son’s SoftBank Group Corp., is already reaping rewards, if only on paper. SoftBank’s operating income more than tripled to 494.9 billion yen ($4.5 billion) in the three months to March 31, helped by a 418 billion yen valuation gain from its […]

Here’s How Ride-Sharing Drivers Will Strike Ahead of Uber’s Massive IPO

One of the perks of an IPO, it’s often said, is all the free publicity it can bring. In the case Uber, however, the extra attention ahead of its long-awaited IPO may not be so positive. Drivers working for Uber, Lyft and other ride-sharing apps are organizing strikes in the U.S. and the U.K. on […]

Here’s Why Eventbrite’s Shares Plunged 27%

Eventbrite gave its shareholders a surprise on Thursday: a ticket aboard a stock-market drop tower. The company’s shares lost more than a quarter of their value amid disappointing earnings and a weak outlook. First-quarter revenue grew 9%–well under the 21% rate for all of 2018–to $81.3 million, short of the $83 million that analysts had […]

These Are The 9 Biggest IPOs of All Time

It’s a mega year for mega tech IPOs. Messaging platform Slack filed to go public Friday, and Uber priced it’s massive offering the same day. Earlier in April, Lyft, Pinterest and Zoom all went public, and AirBnB and Palantir are expected to debut later this year. According to Renaissance Capital, it could be a record […]

The Pinterest IPO Might Have Made You Richer—Even If You Didn’t Buy the Stock Today

You didn’t necessarily need to buy stock in the Pinterest IPO to make money off the public market debut of the online scrapbooking company. It’s often difficult for regular investors to get in on the ground floor of hot startups like Pinterest–whose stock rose more than 28% from its initial public offering price of $19, […]