Navan IPO tumbles 20% after historic debut under SEC shutdown workaround
Navan finished its first day trading at an approximate valuation of $4.7 billion, which is about half of its last private valuation of $9.2 billion.
IPO
Strava eyes IPO as Gen Z trades dating apps for running clubs
Strava, the 16-year-old fitness tracking app, is gearing up to go public, the Financial Times reports. CEO Michael Martin told the FT that the San Francisco company plans to list “at some point,” eyeing capital for more acquisitions. The company, backed by Sequoia Capital, TCV, and Jackson Square Ventures, was last valued at $2.2 billion […]
Eric Baker’s long, winding road to taking StubHub public
Although StubHub’s shares fell 6% in first day of trading, the IPO is testament to the co-founder’s 25-year effort.
Via shrugs off tepid open to end first day of trading slightly above IPO price
Transit tech software startup Via had its IPO debut on Friday, starting at below offering price before rising to close at nearly $50.
Cloud provider Lambda may be gearing up for an IPO
Lambda, which allows companies to rent GPUs, is reportedly following its rival CoreWeave to the public market.
Klarna revives IPO plans, aims to raise $1.27B
Swedish buy now, pay later (BNPL) startup Klarna and its shareholders are reviving its initial public offering, hoping to raise as much as $1.27 billion in a listing that would value the company at up to $14 billion.
Figure’s IPO filing marks Mike Cagney’s return to public markets
Figure Technology, a seven-year-old blockchain-based lending company, has filed a registration statement with the SEC for an IPO of its Class A common stock. The filing offers a chance at vindication for Figure co-founder Mike Cagney.
Kleiner Perkins-backed Ambiq pops on IPO debut
The 15-year-old chipmaker saw its shares climb 61% above its IPO price by the close of its first trading day.