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Uber's Disappointing IPO: What The Pros Are Saying
Monday, May 13, 2019 - 9:42am | 560Ride-hailing company Uber Technologies Inc (NYSE: UBER) saw its shares trade on a public market for the first time Frida. On top of opening for trade below its IPO price of $45, shares of Uber ended the day lower by more than 7 percent, with the selling momentum carrying over to Monday...
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Will Switch Turn Investors On With Its IPO?
Thursday, October 5, 2017 - 4:26pm | 449Investors will soon be treated with the third largest technology related initial public offering, Bloomberg reported. Switch Inc., a data center company, will be selling 31.25 million shares of its own stock at a price of $14 to $16 per share. The high end of the offering would value the "...
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Nutanix CFO Explains Conservative Guidance: 'There Is A Chance For Over Performance'
Friday, March 3, 2017 - 10:32am | 367Shares of Nutanix Inc (NASDAQ: NTNX) were trading lower by nearly 20 percent ahead of Friday's market open in reaction to the company's earnings report on Thursday, which was guided notably below Wall Street's expectations. The once-hot IPO issue saw its stock peak at $46.78 as some analysts were...
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Will Snap Be The Comeback Of The Tech IPO?
Friday, March 3, 2017 - 10:04am | 438Shares of Snap Inc (NYSE: SNAP), the parent of ephemeral photo and video sharing platform Snapchat, jumped more than 51 percent on its debut trading on New York Stock Exchange. Snap's IPO Snap, which priced its IPO at $17, raised $3.4 billion at a valuation of $24 billion, which is the largest tech...
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Snap Already More Valuable Than Twitter, Macy's, Other Household Names
Thursday, March 2, 2017 - 3:14pm | 427Snap Inc (NYSE: SNAP)'s initial public offering, by all measures, was a success Thursday. After pricing its IPO at $17 per share the stock opened for trading at $24 and by early Thursday afternoon traded as high as $25.42, which implies the company is worth just shy of $30 billion. Even at its...
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Meet 2017's First Big Tech IPO
Friday, January 20, 2017 - 4:03pm | 442The first big tech IPO of 2017 will happen next week. According to CNBC, AppDynamics, a software company that helps business identify and fix bugs in their applications, is expected to raise as much as $165.6 million in its initial public offering. Shares are expected to be listed at $10 to $12...
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What Happened To Twilio On Its IPO Debut?
Thursday, June 23, 2016 - 12:25pm | 181Investors and traders looking to make a quick profit on a hot IPO have been disappointed in 2016 as new IPO listings, particularly in the technology sector, have been extremely rare. In fact, only one technology company, Secureworks Corp (NASDAQ: SCWX) saw its stock trade on the market for the...