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“Dual Class”? How About “Dual Series”?

Deal Lawyers

Here’s a post I recently shared on TheCorporateCounsel.net blog: The Goodwin team that represented the issuer in the first IPO by a traditional venture-backed technology company in more than 18 months recently wrote an alert explaining why the company’s high vote/low vote capitalization structure — which is very common in venture-backed technology (..)

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Okay, which analyzes engineers’ productivity, sells to Stripe

TechCrunch: M&A

million in capital from the likes of Sequoia and Kleiner Perkins. The co-founders declined to share if all seven employees would be joining Stripe. And Stripe, which has yet to go public via a long-awaited IPO, earlier this year raised $6.5 Okay had seven employees prior to the acquisition.

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Upgrade acquires travel-focused BNPL startup Uplift for a song

TechCrunch: M&A

And those rosy prospects attracted major backers like Madrone Capital Partners, DNX Ventures and Ridge Ventures. Meanwhile, publicly traded BNPL companies like Affirm and Australia’s Zip have seen their share prices plummet; Affirm was recently forced to shut down its crypto unit and lay off 19% of its staff. billion to just $6.7

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Considerations for Dual-Class Companies Contemplating M&A Transactions

The Harvard Law School Forum

The rise of founder-led, venture capital-backed companies in recent years has coincided with a surge of companies implementing dual-class share structures in connection with their initial public offerings. In a small number of cases, a class of common stock is offered to the public that has no voting rights at all.

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Exclusive-Kioxia sets IPO price range of 1,390-1,520 yen per share, sources say

Global Banking & Finance

By Miho Uranaka and Sam Nussey TOKYO (Reuters) -Bain Capital-backed chipmaker Kioxia has set a tentative price range of 1,390 to 1,520 yen ($9.22 to $10.09) per share for its initial public offering, two people familiar with the matter said. The […]

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Past Event: SPACs: The Next Gen IPO or Just a Fad?

Cooley M&A

The bankers on the panel shared the belief that the quality of SPAC sponsors has increased as private equity firms, successful dealmakers and well-regarded VC investors launching their own SPACs. According to Odeon Capital Group research, as of December 2, 2020, 210 SPAC IPOs had been completed representing gross proceeds of ~$72 billion.

IPO 52
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Golden Goose targets $2 billion market cap in Milan IPO

Global Banking & Finance

Golden Goose targets $2 billion market cap in Milan IPO MILAN (Reuters) – Golden Goose is aiming for a market capitalization of up to 1.86 The company set the price range for the share […] billion euros ($2 billion) in its initial public offering on the Milan bourse, the Italian luxury sneaker maker said on Tuesday.

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