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SPACs Attack Recap: Looking Back At 5 SPAC Deals, New SPAC Rumors And Headline News
Sunday, June 20, 2021 - 12:00pm | 1584Last week featured five announced SPAC deals. The week also had earnings from several well-known former SPACs. Here is a look back at the week that was SPACs for deals, rumors and headline news all covered on Benzinga’s “SPACs Attack.” Listen to this week's SPACs Attack....
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Why Karooooo's Positive Telematics Market Prospects Impress BofA Analyst
Tuesday, April 27, 2021 - 12:46pm | 340Karooooo Ltd (NASDAQ: KARO) could sustain revenue growth of more than 18% through 2023, driven by share gains and product expansion in South Africa and telematics expansion in other key regions, according to BofA Securities. The Karooooo Analyst: Daniel Bartus initiated coverage of Karooooo with a...
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Exclusive: Latch CEO Talks SPAC Deal, Growth Prospects And More
Wednesday, March 31, 2021 - 3:34pm | 652Latch is an enterprise SaaS provider to buildings and residents with the aim of making spaces better places to live, work and visit. In early January the company reached an agreement to merge with the special purpose acquisition company TS Innovation Acquisitions Corp. (NASDAQ: TSIA)....
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IPO Preview: Sun Country Airlines, Olo, Tuya Lead Busy Week
Monday, March 15, 2021 - 2:52pm | 775The IPO market is heating up this week with offerings from a low- cost airline, online food ordering platform, SaaS company and several small offerings. Here's a closer look at the large IPOs that are expected to price this week. Sun Country Airlines: The low-cost airline Sun Country...
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SaaS In Space With Spire Global: What Investors Should Know About SPAC Merger
Monday, March 1, 2021 - 5:11pm | 422Another space-related company is going public via a SPAC merger with Spire Global announcing a deal Monday morning. The SPAC Deal: Space-based data and analytics company Spire Global announced a SPAC merger with NavSight Holdings Inc (NYSE: NSH). The deal values Spire Global at a post-money equity...
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ZoomInfo Gets Piper Sandler Upgrade On Product Potential And Rising Customer Base
Tuesday, February 23, 2021 - 2:43am | 326ZoomInfo Technologies Inc’s (NASDAQ: ZI) multiple product and new customer levers could sustain 30%-plus growth going forward, according to Brent Bracelin of Piper Sandler. The ZoomInfo Analyst: Bracelin maintained an Overweight rating on the ZoomInfo stock and upped his price target to...
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Aurora Mobile Forges Partnership With TikTok Like Social Platform Kuaishou, Shares Spike
Friday, February 5, 2021 - 7:06am | 166Aurora Mobile Limited (NASDAQ: JG) partnered with short video social platform Kuaishou Technology, also known as TikTok competitor, to drive the latter’s monetization efficacy. Aurora Mobile’s advertisement SaaS services have the potential to increase customer base...
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MongoDB, Tencent Collaborate To Provide SaaS For Tencent Cloud Users
Wednesday, February 3, 2021 - 3:58pm | 213MongoDB, Inc. (NASDAQ: MDB) partners with Tencent Holdings (OTC: TCEHY) to deploy Tencent’s global cloud infrastructure on MongoDB’s database. Tencent will offer high-tech data processing pipelines secured by advanced encryption controls under the...
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Building Enterprise SaaS Company Latch Gets SPAC Deal With Help From Chamath Palihapitiya
Monday, January 25, 2021 - 9:25am | 419Enterprise SaaS platform Latch is going public in a SPAC deal that will accelerate growth. The SPAC Deal: Latch is going public through a SPAC merger with TS Innovation Acquisition Corp (NASDAQ: TSIA). The Tishman Speyer-sponsored SPAC has a long-term existing collaboration with Latch. A $190...
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LiveVox To Become Second CCaaS Public Company With SPAC Deal
Thursday, January 14, 2021 - 4:41pm | 440CCaaS LiveVox is going public with SPAC Crescent Acquisition Corp (NASDAQ: CRSA) in a deal valuing the company at $840 million. The SPAC Deal: Golden Gate Capital will own 59% of the company after the merger. Current Crescent Acquisition Corp shareholders will own 30% of the company after the...
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Microsoft Cloud Provider AvePoint Going Public Via Apex Technology SPAC
Monday, November 23, 2020 - 12:11pm | 767Leading Microsoft Corporation (NASDAQ: MSFT) Cloud partner AvePoint is set to go public with a SPAC deal announced Monday. The SPAC Deal: AvePoint will go public via Apex Technology Acquisition Corporation (NASDAQ: APXT). The deal values the company at $2 billion. AvePoint co-founder and CEO Dr....
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IAC Shares Rally On Vimeo Funding, Possible Spinout
Friday, November 6, 2020 - 11:06am | 307IAC/InterActive Corp (NASDAQ: IAC) shares are trading higher after reporting third-quarter earnings and announcing a possible spinoff of its Vimeo business. Q3 Earnings: Third-quarter revenue was up 12% year-over-year. The company reported revenue up 9% to $389.9 million for its ANGI...
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4 Asana Analysts Initiate On The Workplace Software Stock
Monday, October 26, 2020 - 10:48am | 786Wall Street analysts released their recommendations Monday for Asana Inc (NYSE: ASAN), the cloud-based platform for team collaboration and work management that went public in late September. The Asana Analysts KeyBanc Capital Markets analyst Alex Kurtz initiated coverage of Asana with a Sector...
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Why Morgan Stanley Is Upgrading Intuit, DocuSign
Monday, October 5, 2020 - 3:14pm | 460Morgan Stanley analysts turned bullish on Intuit Inc. (NASDAQ: INTU) and Docusign Inc (NASDAQ: DOCU) Monday, noting that both companies are trading at reasonable valuations given an impressive growth profile ahead. The Intuit, DocuSign Analysts: Keith Weiss upgraded Intuit from Equal-weight to...
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Salesforce To Add 12,000 Jobs In A Year, As Part Of Fire-And-Hire Plan
Friday, September 18, 2020 - 3:07am | 423Salesforce.com Inc (NYSE: CRM) – the cloud-based platform offering customer relationship management services, announced the "Salesforce Talent Alliance" on Wednesday. As a part of the initiative, Salesforce, along with its partners, plans to build a highly-skilled diverse workforce...