SAN FRANCISCO — As the coronavirus spread in March, Vroom, a start-up that sells used vehicles online, shelved its plans to go public and rushed to shore up its operations. But with many dealerships closed under shelter-in-place orders, people started buying more cars online, benefiting Vroom with record sales in March and April, the company […]
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Late last week a Chinese company called Kingsoft Cloud filed to go public in the United States. The cloud infrastructure business intends to list on the Nasdaq under the symbol “KC,” with J.P. Morgan, UBS
Quick Take Youdao (DAO) has filed to raise $92 million from the sale of ADSs in a U.S. IPO, according to an amended F-1/A registration statement. The company provides educational services to a wide age-range of students in China. DAO has been growing quickly but producing increasing operating losses and cash burn. While the firm
IPO Update: Youdao Files Proposed Terms For U.S. Initial Offering – Youdao (Pending:DAO) Read More »
NEW YORK/HONG KONG (Reuters) – Goldman Sachs Group Inc said on Tuesday it was reviewing its involvement in Megvii Technology Ltd’s planned initial public offering (IPO) after the U.S. government placed the Chinese artificial intelligence firm on a human rights blacklist. FILE PHOTO: The Goldman Sachs company logo is seen in the company’s space on
Goldman evaluating role in China’s Megvii IPO after U.S. blacklist Read More »
Quick Take Youdao (DAO) has filed to raise gross proceeds of $300 million from a U.S. IPO, according to an F-1 registration statement. The firm provides online learning solutions to Chinese residents through a suite of apps, products and services. DAO is growing quickly but producing large operating losses and cash burn. When we learn
Youdao Begins Large U.S. IPO Effort – Youdao (Pending:DAO) Read More »
(Reuters) – WeWork’s parent The We Company said on Monday it will file to withdraw its initial public offering, a week after the SoftBank-backed office-sharing startup ousted founder Adam Neumann as its chief executive officer. FILE PHOTO: A man enters a WeWork co-working space in New York City, New York U.S., January 8, 2019. REUTERS/Brendan
Bastian Lehmann, the German-born chief executive of delivery app maker Postmates Inc., has taken to wearing a Dodgers cap and a crisp white tee, at least whenever cameras are around. Lehmann has never lived in Los Angeles. (Postmates is based in San Francisco.) He has been to only a handful of Dodger games. 10:15 AM,
Ready for IPO, Postmates needs to win big in L.A. — or else Read More »
(Reuters) – WeWork owner The We Company plans to proceed with an investor roadshow for its initial public offering (IPO) as early as next week, braving concerns over the valuation it can achieve in a listing, people familiar with the matter said on Friday. FILE PHOTO: The WeWork logo is displayed on the entrance of
Exclusive: WeWork to press on with IPO launch despite valuation concerns – sources Read More »
“One more effort . . . find that beat!” shouts Cody Rigsby, a Peloton instructor, from the 22-inch screen of one of the company’s $2,245 exercise bikes. The 7-year-old exercise company is now also trying to work investors into a lather after filing for an initial public offering later this year on the Nasdaq that
Peloton wants IPO investors to believe it can kill the gym Read More »
