Robinhood stock slides over 8% in dismal stock market debut

• July 08, 2021 03:09 PM PDT
• Kiran Murali

Summary The California-based digital cinema company priced its IPO at US$3 per share. Moving iMage stock ended first-day trading on NYSE at US$24. The company raised US$12.6 million by offering 4.2 million shares Moving iMage Technologies...

• July 08, 2021 07:25 AM PDT
• Kiran Murali

Summary The earth data and analytics company will become public following a reverse merger. California-based Planet Labs will be valued at US$2.8 billion after the transaction. Planet Labs will trade on the NYSE under the ticker “PL&rdqu...

• July 02, 2021 03:00 PM PDT
• Kiran Murali

Summary The stock brokerage firm attributed the first-quarter loss to US$3.5 billion debt. Robinhood posted a net income of $7 million in 2020, against a $107 million loss in 2019. The company expects to trade its stock on NASDAQ under the sym...

• July 01, 2021 03:56 PM PDT
• Kiran Murali

Summary The doughnut company’s stock ended Thursday’s trading at US$21, up 23 percent. Krispy Kreme priced its IPO at US$17 per share, well below the expected range of US$21 to US$24. The company raised US$500 million in the offeri...

• June 29, 2021 03:18 PM PDT
• Kiran Murali

Education platform Duolingo Inc. has filed for an initial public offering. The company is planning to trade its shares on NASDAQ under the ticker “DUOL,” according to the IPO prospectus. Duolingo is yet to disclose the pricing and timi...

• June 29, 2021 07:44 AM PDT
• Kiran Murali

Summary Deep Instinct’s cybersecurity platform provides a platform that offers predictive threat prevention. The cybersecurity startup received a total investment of US$200 million to date. Deep Instinct CEO reportedly said it would two ...

• June 28, 2021 07:19 AM PDT
• Kiran Murali

Summary The commercial electric vehicle maker is trading now on NASDAQ under the ticker “ELMS.”  Electric Last Mile completed its merger with special purpose acquisition company Forum Merger I...

• June 25, 2021 02:27 PM PDT
• Team Kalkine Media

Summary The Chinese ride-hailing giant plans to raise up to US$4 billion by selling 288 million ADSs. DiDi operates in 16 countries and has over 493 million annual active users on its platform. The Beijing-based company reported revenue of US$...

• June 25, 2021 07:16 AM PDT
• Kiran Murali

Summary Confluent stock rose 25 percent on its first day trading in NASDAQ to close at US$45.02. The California-based data cloud company raised approximately US$828 million in the IPO. Confluent posted a net loss of US$229.8 million in 2020 an...

• June 24, 2021 05:33 PM PDT
• Team Kalkine Media

The US IPO market braces for an exciting and busy last week of June, with eight initial public offerings, while seven of them are scheduled on the last day of the month. One of the companies is expected to raise over US$1 billion in the IPO. The r...