article thumbnail

Wall Street loves this recent IPO with one analyst calling it the ‘social network trading platform’

CNBC: Investing

The stock opened that day at $69.69, or 34% above its IPO, and closed up nearly 29% at $67 per share. The overwhelming positive sentiment from Wall Street has rewarded the company's decision to go public after a lengthy dry spell for IPOs. Here's what analysts at some of the biggest shops on Wall Street had to say on the IPO.

IPO 60
article thumbnail

Okay, which analyzes engineers’ productivity, sells to Stripe

TechCrunch: M&A

Founded in 2019, Okay participated in Y Combinator’s Winter 2020 cohort before going on to raise a total of $6.6 They were u sually companies in the pre-IPO phase with hundreds to thousands of engineers where the manager wanted to start tracking what others are doing, and looking for tools to help with decision-making.”

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Will There Be an IPO for a Specialty Consulting Company in 2024?

Focus Investment Banking

In that environment, very few firms sought IPOs, and there was a major slowdown in overall exits, whether private or public. And will that mean that some of the privately held management consulting firms or other professional services companies will choose an IPO this year? But those companies have been public for more than 20 years.

IPO 52
article thumbnail

HKEX’s chief executive to step down with new succession plans in place

The TRADE

Before joining HKEX, she was a partner of Davis Polk & Wardwell from 2010 to 2019, where she oversaw a wide portfolio of clients in Hong Kong and across Asia. Prior to that, she served as the head of IPO transactions, listing division, HKEX from 2007 to 2010. “It

IPO 116
article thumbnail

10 Key Considerations for Going Public with a SPAC

Cooley M&A

It is a reasonable extrapolation – and we are nothing at Cooley if not wildly reasonable – that more operating companies are considering going public through a merger with a SPAC (commonly referred to as a backdoor IPO) since the beginning of time. Read full article. Contributors. Dave Peinsipp. Charlie Kim. John McKenna. Yvan-Claude Pierre.

IPO 40
article thumbnail

Decoding Negative Beta: Zoom Video Communications

Wizenius

since its IPO in April 2019 until the end of 2019. The data supports this theory, as during the period from March 13, 2020 (when the US declared Covid-19 a national emergency) until August 21, 2020, Zoom had a negative beta of -0.39. This was a dramatic change from its pre-pandemic days when it had a positive beta of 1.81

IPO 52
article thumbnail

Highlights from Cooley’s M&A Dealmakers Roundtable: SPACs!

Cooley M&A

is the increased frequency at which SPAC IPOs are occurring. As reflected in Chart 1 , 102 SPAC IPOs have been announced this year as of September 18, 2020—almost double the number of SPAC IPOs in all of last year (and more than double the number of SPAC IPOs in 2018). SPAC vs. IPO. A distinct feature of SPAC 3.0

M&A 52