Tony Xu, co-founder and CEO of DoorDash Inc., smiled during the Wall Street Journal Tech Live conference in Laguna Beach, California, on October 22, 2019. Martina Albertazzi | Bloomberg | Getty Images DoorDash announced on Thursday that it will move its listing from the New York Stock Exchange to the Nasdaq, dealing a potential blow …
A woman proudly carrying a Shein bag as she enters the brand’s first physical store in Madrid, June 2, 2022. Photograph by Europa Press News / Contributor Shein, the renowned fast-fashion brand, is now facing increased scrutiny from U.S. elected officials who demand proof that the company does not utilize forced labor before its widely …
Tech investors were eagerly awaiting the return of IPOs, and last week, two notable companies filed for stock market debuts. Instacart, a grocery delivery startup, and Klaviyo, a data and marketing automation company, both made their filings. The excitement around these IPOs reflects the current sentiment in Silicon Valley and could set the tone for …
Andrew Bialecki, CEO and co-founder of Klaviyo, was photographed in Boston on September 5, 2019. Barry Chin | Boston Globe | Getty Images Data and marketing automation company Klaviyo announced its intention to go public on Friday, joining the ranks of tech companies seeking to debut on the stock market. According to documents filed with …
Instacart, the popular grocery delivery app, has made its filing for a stock market flotation in New York, announcing a 31% increase in revenue for the first half of the year. This highly anticipated listing comes 15 months after Instacart submitted its initial public offering (IPO) paperwork confidentially, indicating an imminent listing. The San Francisco-based …
Instacart, the innovative grocery delivery company, has officially filed its paperwork to go public on the Nasdaq under the ticker symbol “CART.” This move marks the first significant venture-backed tech IPO since December 2021. In its prospectus, Instacart revealed that it generated $114 million in net income and achieved $716 million in revenue in the …
Visitors visit the stand of Huahong Group at an exhibition in Shanghai, China, June 15, 2023. On August 7, 2023, Huahong Group, the world’s sixth largest foundry semiconductor manufacturer, officially landed on the A-share science and technology innovation board, and the opening price rose by more than 13% on the first day. (Photo by Costfoto/NurPhoto …
Customers gather outside the Shein Tokyo showroom, showcasing their shopping bags, indicating the brand’s popularity and success in the fashion industry. Noriko Hayashi | Bloomberg | Getty Images Shein, the prominent fast-fashion brand, has recently disclosed that it achieved its highest profit ever in the first half of this year. Speculation has been circulating about …
Kenvue, the consumer health business spun out by Johnson & Johnson earlier this year, is set to see a reduction of at least 80% in Johnson & Johnson’s stake through a stock exchange offer. The company currently owns 89.6% of Kenvue’s common stock, which amounts to over 1.72 billion shares. The exchange offer, also known …
Oddity Tech, a groundbreaking beauty and wellness company that leverages artificial intelligence (AI) to develop cosmetics, made a sensational debut in the IPO market, with its stock soaring by 35% on Wednesday. The company’s direct-to-consumer platform, responsible for brands like Il Makiage and Spoiled Child, closed at $47.53 per share, surpassing its initial pricing of …