India’s Ola scooter company is too good to be Bird 2.0
Since 2021, when global IPOs raised $460 billion across 2,436 new public listings, investor demand for new issuances has drifted lower and lower, with 1,415 IPOs raising $184 billion in 2022, 1,351 IP...
Why Wiz said “no” to Google’s biggest offer ever
What would have been Alphabet’s biggest acquisition ever — buying cybersecurity company Wiz for $23 billion — is no more. Instead, the company plans to seek an IPO after reaching $1 billion in annual...
Stripe keeps bending over backward to stay private and still let employees get rich
A few weeks ago, I wrote about Stripe’s continued refusal to go public, mentioning that one issue with remaining private is that many of your long-time employees will, eventually, want to sell some of...
Shein files for London IPO
Shein, the world’s largest fast fashion brand, has filed to go public in London after a failed attempt to list in the US, sources told Reuters. The China-founded, Singapore-based retailer known for it...
Texas’ economy has been hot, now it might get a stock exchange
Texas’ economy has been firing on all cylinders recently… and now the state might be getting its own national stock exchange, the TXSE — which could begin trading as early as next year, according to t...
Ackman's $25B USA fund
Last week we discussed Bill Ackman's pricey IPO plan . The TL;DR was that Ackman was looking to take his hedge fund, Pershing Square, public in late 2025 or early 2026, and he was also actively lookin...
Saudi Arabia launches Aramco offering, selling shares in largest oil company
Yesterday, Saudi Arabia’s government began selling some of its shares in state-controlled oil titan Saudi Aramco — a planned offering that could see the country sell just over 0.6% of its 82% direct h...
Bill Ackman’s pricey IPO plan
Bill Ackman made headlines this morning after The Wall Street Journal reported that he is planning to take his investment fund, Pershing Square, public in late 2025 or early 2026. As a precursor to th...
The SEC gives spot ethereum ETFs the go-ahead, approving 8 applications
Ethereum’s officially joining the spot ETF party. The Securities and Exchange Commission approved eight applications for spot ethereum ETFs Thursday afternoon. The regulator still needs to approve a s...
Navan is still eyeing a long-awaited IPO
Navan, a platform that promises to simplify the business of corporate travel and expenses, is still dallying towards its long-slated IPO, with the company’s CEO forecasting that the business will reac...
GameStop’s trading volumes are absurd, more than $10B
Here we go again? It’s all feeling very 2021 this week as GameStop — which, until three years ago, was a quietly ailing gaming retailer — has once again regained its status as the meme stock du jour, ...
GameStop shares surge in biggest jump since 2021 frenzy
One of the OG meme stocks is on the move again Monday, posting its biggest single-day jump since the frenzy that briefly captured the imagination of the country back in January 2021. “Oh we are so bac...
Bumble soars, as growth outpaces Tinder-owner Match in Q1
, owner of the eponymous dating app that lets women make the first move, jumped Thursday after posting stronger-than-expected profits and sales, thanks to an increase in paid users. The company’s num...
Uber’s bad investment bets are weighing down the company
The ride-share giant posted a surprise loss of $654 million, as it lowered the value of its investments in other companies. (Uber has equity investments in other businesses such as Indian food app Zo...
Disney has its worst day in a year after announcing quarterly earnings report
The House of Mouse got some rough reviews Tuesday after it reported a small Q1 loss of $20 million, while emphasizing that it reduced red ink in its costly streaming unit from $659 million in Q1 2023 ...
Pinterest has best day in over three years
Pinterest shares surged by roughly 20% Wednesday, posting their biggest gain in three years following its release of strong earnings results. It was the biggest single day rise for the stock in over t...
Wall Street is loving what it’s hearing as Q1 blows past analyst expectations
In case you were losing sleep about the ability of America’s largest and most powerful corporations to continue growing record profitability, you can rest easy . Roughly halfway through first-quarter ...
The number of public companies has fallen fast
Since the late 1990s, the number of US publicly traded companies has plunged from just over 8K in 1996 to about 4.6K in 2022. (It’s bounced back a bit more recently.) How come? There’s no shortage of ...
Chipotle continues to go on a tear, hitting a sales record
Hey it might not be the kind of AI stock investors are all hot and bothered over, but don’t sleep on the burrito business. Chipotle posted much better-than-expected results on Wednesday, with sales ri...
Hasbro pretty much entirely depends on Magic: The Gathering to make a profit
A genuine transformation is taking place at struggling toymaker Hasbro, which on Wednesday morning crushed expectations in its Q1 report. The massive profitability of the company’s Wizards of the Coas...