This is your Data Sheet newsletter for Thursday, April 11, 2019.
Uber is reportedly making its S-1 publically available tomorrow, according to Reuters. According to the IPO paperwork, Uber will sell around $10 billion worth of stock, Reuters sources say. If true, Uber’s IPO would be one of the G.O.A.T. (greatest of all time) in the tech industry since Alibaba’s 2014 IPO. While previous reports have […]
Pinterest has set the pricing of its initial public offering slightly below its last private-market valuation from two years ago.
The social media website updated its IPO filing with the SEC on Monday, stating that it would sell 75 million shar…
Pinterest’s price range for its upcoming IPO of stock values the company more than $1 billion below its last venture capital round in 2017.
It’s getting bare-knuckled out there again in the ride-hailing wars. According to a report earlier today from The Information, newly public Lyft threatened Morgan Stanley with legal action earlier this week, demanding in a letter that the powerful investment bank stop marketing a short-selling product that it believed was disrupting trading in its stock. The […]
Lyft became the first ride-hailing app to go public on Friday, skyrocketing to a $23.4 billion valuation.
But don’t get too excited for drivers. Investments in Uber and Lyft are basically big bets on future products like autonomous vehicles, no…
Pink confetti fell from the ceiling Friday as Lyft co-founders Logan Green and John Zimmer celebrated their company’s IPO. The stock offering was a bona fide success, with shares selling for $87.24 apiece Friday morning — 21 percent higher than Lyft’s initial $72 share price — and closing at $78.29 per share. Lyft raised roughly […]