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 […]

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 […]

Lyft’s First Earnings Report Shows 95% Revenue Growth—and a $1.1 Billion Net Loss

Lyft’s first earnings report since its high-profile IPO proved to be a mixed bag of good and bad news. Revenue growth in the quarter surpassed analyst estimates but the company’s net loss was significantly weighed down by stock-based compensation related to its March 29 offering. Lyft also announced it was partnering with Waymo, an Alphabet […]

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 […]

Pinterest, Valued Near $12 Billion, Files for an April IPO

Pinterest filed documents to go public with the Securities and Exchange Commission late Friday, joining other tech-unicorn peers such as Uber and Lyft in what is becoming a crowded IPO pipeline. The social-media company, last valued at $12.3 billion in a June 2017 private round of financing, was reportedly bumping up its timing for a […]

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 […]

Pinterest Has Filed Confidentially for an IPO as Early as June, Report Says

Pinterest filed confidentially for an initial public offering that could debut in the public stock market as soon as June, the Wall Street Journal reported Thursday, citing unnamed sources. The social-media company is hoping to go public at a valuation of at least $12 billion, the Journal said. When Pinterest last raised a round of […]