On its first day of trading, Airbnb shares closed up nearly 113% to $144.71 apiece, giving the lodging platform a market capitalization of nearly $100 billion. Airbnb began trading on the Nasdaq today under the ticker ABNB. The company, which raised $3.5 billion in its IPO, set the price of its…
Pinterest, Inc. (PINS) Q1 2019 Earnings Call
Digital scrapbooking company Pinterest (PINS) beat Wall Street’s sales expectations in its first quarterly report since going public, but a weaker-than-expected full-year outlook sent shares sharply lower during extended trading.The company reported first-quarter sales of $201.9 million, topping estimates calling for $200.8 million. Excluding certain items, Pinterest’s loss came out…
TransMedics, Inc., a donor organ storage company, is planning an IPO
Andover, Massachusetts, April 4th, 2019 – TransMedics, Inc., a medical technology company that is transforming organ transplant therapy for patients with end-stage lung, heart and liver failure, announced the final results of the OCS™ Heart EXPAND Trial were presented at the 39th annual meeting of the International Society for Heart…
In a unicorn IPO race, Pinterest is run down at the wire by longshot Zoom
Pinterest Inc. should have been the story on Thursday. It had the name that consumers knew, the eight-figure private valuation and a co-founder who has been a Silicon Valley superstar since the service first hit the internet. In the end, though, Pinterest’s PINS, +28.42% initial public offering was overshadowed by “something that IT…
Pinterest valued at $12.7 billion in IPO, sign of tech demand after Lyft struggles
Pinterest Inc’s initial public offering set the online scrapbook company’s valuation at $12.7 billion on Wednesday, above its expectations and a sign of strength for the tech IPO market after Lyft Inc’s struggles. Pinterest, where users save ideas for clothes, décor and recipes, is due to start trading on the…
Pagerduty to Raise $218 Million in Above-Range U.S. IPO
Pagerduty Inc., which makes tools for software developers, raised $218 million in its U.S. initial public offering, a person familiar with the matter said. San Francisco-based Pagerduty and current investors sold 9.07 million shares at $24 each on Wednesday, said the person, who asked not to be identified because the…
Levi Strauss swings to profit in its first earnings release since IPO
Shares of Levi Strauss & Co. rose in extended trading Tuesday after the world’s biggest jeans seller reported its first quarterly earnings since its initial public offering on the New York Stock Exchange last month. For the first quarter, Levi said it swung to earnings of $146.6 million, or 37 cents per…
Video conferencing company Zoom readies IPO – sources
(Reuters) – Zoom Video Communications Inc, a conferencing company started by an early engineer at collaboration software maker Webex, is preparing for an initial public offering (IPO), people familiar with the matter said on Friday. Zoom is aiming to be valued in the IPO at several billion dollars more than…