Echo Wang

Coding platform GitLab valued at $14.9 billion in strong market debut

Oct 14 2021

GitLab Inc shares jumped about 35% above their offer price in their Nasdaq debut on Thursday, giving the software development platform a market capitalization of $14.9 billion, showing strong investor appetite for fast-growing software companies.

U.S. IPO boom braves market volatility

Oct 11 2021

Weeks of stock market volatility have done little to dent the record-setting pace of U.S. initial public offerings, with capital market insiders forecasting a strong finish to the year and a robust pipeline of listings in 2022.

TPG-backed Life Time's shares drop in bleak market debut

Oct 07 2021

(Reuters) -Fitness center operator Life Time's return to public markets was met with a lukewarm response on Thursday, with shares opening 8% below their offer price, signaling investors remain cautious in the face of choppy trading in recent weeks.

Analysis: Zoom's abandoned Five9 deal shows hurdles to expansion

Oct 04 2021

Zoom Video Communications Inc's aborted $14.7 billion acquisition of call center software firm Five9 Inc has spotlighted issues that will weigh on the virtual meeting giant's next attempt to expand through dealmaking, analysts and investment bankers said.

Advent-owned Olaplex valued at over $16 billion as shares jump in debut

Sep 30 2021

(Reuters) -Olaplex Holdings Inc's shares opened more than 19% above their offer price in a strong market debut on Thursday, giving the hair products maker a market capitalization of $16.2 billion.

IPOs slow down globally in Q3 after frenetic 2021 start

Sep 30 2021

Initial public offerings (IPO) globally slowed in the third quarter of 2021 from their previous frenetic pace, but the number of listings in the first nine months of the year still was the highest since the dotcom bubble of 2000, according to Refinitiv data.

Amplitude valued at $5 billion after shares jump in Nasdaq debut

Sep 28 2021

(Corrects to 'Benchmark-backed' from 'benchmark-backed' in first paragraph)

TikTok hits 1 billion monthly active users globally - company

Sep 27 2021

NEW YORK TikTok hit 1 billion monthly active users globally this summer, the company told Reuters, marking a 45% jump since July 2020.

World News