IPO

Enterprise payments fintech Limepay has raised $21 million in the first phase of its pre-IPO capital raise from current and new high net worth and institutional investors. The raise will bring Limepay’s total funding to nearly $30 million within one year of its initial seed funding completed in December 2019, and will

Australian software as a service platform hipages Group Holdings Limited which connects for tradesmen and women with new and existing clients has lodged its prospectus with the Australian Securities and Investments Commission to list on the Australian Securities Exchange via an initial public offering. It has appointed Goldman Sachs Australia

forex charts decline drop impacted decrease stocks money index

Buy now pay later platform Openpay dropped 17 per cent on its first day listed on the ASX.  According to the Sydney Morning Herald, the stock fell from the issue price of $1.60 to $1.35 half an hour after listing. It finished on Monday down 17.5 per cent at $1.32.

Overnight, Uber delivered its first quarterly results since going public earlier this month. The ride hailing giant lost more than $US1 billion in the first three months of 2019 as revenue growth continued to slow. Nominate today for the Which-50 Digital Experience Awards. Simple. Fast. Easy. Uber generated $US2.76 billion

Uber

Uber shares closed at $41.57 after their first day of trading, down almost 8 per cent from its listing price and valuing the company at US$69.7 billion. The company previously set a target of $44-$50 per share and on Thursday night priced its IPO at $45, towards the lower end

Overnight, ridesharing giant Uber made its S1 filing as part of its initial public offering, revealing the company made US$10 billion worth of operating losses since 2016. It also warned more operating losses are expected and it “may not achieve profitability”. The filing suggests Uber is pitching itself to investors

Cloud Computing

Koch Equity Development (KED) and Golden Gate Capital have invested  $1.5 billion in cloud ERP provider Infor, ahead of a potential IPO later this year. The capital builds on KED’s investment of more than $2 billion in early 2017, and represents an important milestone as Infor considers a potential IPO

Uber has confidentially filed for an IPO over the weekend, after its rival Lyft also filed late last week. According to the Wall Street Journal, both companies filed their S-1 paperwork to the US Securities and Exchange Commission (SEC) with their shares to go public early next year.  The two companies

The operator of Switzerland’s stock exchange is backing distributed ledger technology, arguing that — in the right hands — the technology is ready to earn the trust of the investment community.  In July the Swiss Stock Exchange (SIX) announced plans to launch a blockchain-based exchange for the trading, settlement and

The shares of Snap will start to trade on the US markets today. The IPO price of $17 per share values the company at about $24B. Based on interest in the shares (they were ten times over-subscribed), the value of the shares, and the company, are likely to rise substantially