The US-based tech company that just went public in London

 Boku, a U.S.-based carrier billing company, listed on the London Stock Exchange’s Alternative Investment Market recently, selling £45 million in stock. Only about one-third of those shares were from the company, however, with the rest sourced from extant shareholders. Let’s peek into the Boku offering to see what happened and what we might learn from it. Read More

Crunch Report | Lyft Raises $1 Billion

Lyft raises $1 billion at an $11 billion valuation, Swedish lock maker Assa Abloy acquires August Home, MongoDB up 34% on stock market debut and Facebook is testing paywalls for Instant Articles. All this on Crunch Report. Read More

Southeast Asia games firm Sea, formerly Garena, files for $1 billion US IPO

 Southeast Asia-based games and e-commerce firm Sea, formerly known as Garena, has officially filed for its much-anticipated U.S. IPO. The company, which is valued at over $3.75 billion, will list on the New York Stock Exchange as ‘SE’ and is looking to raise $1 billion. Sea is best known for its Garena gaming business, which predominantly focuses on PC games but also includes… Read More

Will Blue Apron’s rebound continue?

 Cooking kit delivery company Blue Apron traded up 3.5% on the stock market Monday, erasing some of the losses from its first two days as a public company. Shares closed at $9.67, which was still beneath last week’s $10 IPO price. This is in contrast to a lot of public debuts, where companies are typically in the green for the first day “pop.” It’s the subsequent days… Read More

Tencent’s online publishing arm files for IPO in Hong Kong

 Hong Kong has secured its second high-profile tech IPO inside a week. Following on from gaming firm Razer, which filed its prospectus on Friday, Tencent’s online publishing service has followed suit with plans for a Hong Kong IPO. China Literature is akin to Amazon’s Kindle service, with 8.4 million pieces of content from more than five million writers. It counts 175.3 million… Read More

Tech stocks tanked for the second straight day

 It’s been a bad few days for tech stocks. The FANG stocks, a moniker used to collectively describe Facebook, Amazon, Netflix and Google (now Alphabet) have had a rough two days on Wall Street. And even though Apple isn’t included in the original FANG group (which was designed to describe a grouping of high-risk but high-reward mega-growth stocks), the company has also underperformed… Read More

How to price your IPO

 If pops are hard to vet, and IPO pricing remains an art-science hybrid, what measuring stick can we use to decide when an IPO did well, versus gains so steep that it probably could have raised a bit more in its flotation? Read More

MuleSoft prices IPO above expected range at $17 per share

 Enterprise software company MuleSoft will go public tomorrow and just priced their IPO at $17 – slightly above the proposed $14-16 range.
The company will start trading on the New York Stock Exchange tomorrow, under the symbol “MULE”. Founded in 2006, MuleSoft is an integration platform that helps help businesses use APIs to connect different types of software and… Read More