#BNPL #IPO / Affirm Submits Draft To SEC For IPO

Affirm, a point-of-sale (POS) lender, offers short-term loans that can be repaid in installments. The company announced in July that it was considering an IPO, with a potential valuation of $10 billion through a deal with Goldman Sachs. The company was founded in 2012 and has since been partnered with companies including Walmart and ExpediaContinue reading “#BNPL #IPO / Affirm Submits Draft To SEC For IPO”

#Platforms / SPAC Investor Ackman In Limited Talks With Stripe For IPO

Billionaire investor Bill Ackman said he’s had preliminary discussions with Airbnb and Stripe, among others, about helping them to go public… The process would involve them going through a merger with Ackman’s blank-check company. Ackman raised $4 billion for Pershing Square Tontine in July and had $5 billion in total capital ready to deploy. HeContinue reading “#Platforms / SPAC Investor Ackman In Limited Talks With Stripe For IPO”

#IPO / New blank-check company from Bancorp founder lays groundwork for a fintech deal

A new $750 million special purpose acquisition company is listing on the Nasdaq Wednesday with the eventual goal of buying a global fintech company. The shell company is being run by Bancorp founder and former CEO, Betsy Cohen, and general partner at BBVA, Ryan Gilbert. So-called “blank check” companies are formed for the sole purposeContinue reading “#IPO / New blank-check company from Bancorp founder lays groundwork for a fintech deal”

#Platforms / DoorDash Moves Ahead With Q4 IPO Plans

The food delivery giant’s plans for an initial public offering (IPO) come as Airbnb Inc, Asana Inc., Palantir Technologies Inc., Snowflake Inc., and Unity Technologies Inc. also plan to debut as public companies this year. *** In February, the Silicon Valley-based delivery unicorn filed for an initial public offering (IPO) with the Securities and ExchangeContinue reading “#Platforms / DoorDash Moves Ahead With Q4 IPO Plans”

#BigTech / Ant Group Posts Profits Of $1.3B In Advance Of IPO

Ant Group, the Chinese FinTech, reported profits of 9.2 billion yuan ($1.3 billion) in the first fiscal year quarter… That’s up 560 percent over the same period one year ago. The Q1 report comes one week after Ant Group conducted a preliminary initial public offering (IPO) filing with the China Securities Regulatory Commission’s Zhejiang RegulatoryContinue reading “#BigTech / Ant Group Posts Profits Of $1.3B In Advance Of IPO”

#Platforms / Airbnb Eyes IPO Before Year’s End

… the San Francisco-based online vacation rental marketplace is planning to file its initial public offering (IPO) later this month with the Securities and Exchange Commission… Morgan Stanley and Goldman Sachs Group Inc. have been hired to manage the IPO. Last month, Airbnb CEO Brian Chesky told employees it could be the right time forContinue reading “#Platforms / Airbnb Eyes IPO Before Year’s End”

#eCommerce / Intuit Offered $1.5B To Buy BigCommerce Before Its IPO

[BigCommerce works in the field of helping eCommerce retailers with software for developing websites, handling payments and converting currencies.] After BigCommerce’s initial public offering (IPO) last week, the company has seen a massive uptick in its stock, which shot up over 200 percent. But before that, Intuit offered to buy the company for $1.5 billion,Continue reading “#eCommerce / Intuit Offered $1.5B To Buy BigCommerce Before Its IPO”

#Payments / Ant Group says it’s shooting for a record-breaking $30 billion IPO by October

Ant is valued at roughly $200 billion, and will aim to sell 10% of its shares on Shanghai’s Nasdaq-like STAR board and 5% on the Hong Kong Stock Exchange… Ant’s success has been due in large part to the massive adoption in China of its mobile-payment platform Alipay. The platform now commands a 55% shareContinue reading “#Payments / Ant Group says it’s shooting for a record-breaking $30 billion IPO by October”

#BigTech / How Ant Group was Built into a Fintech Powerhouse

The Ant Group is slated to go public with a valuation around $200bn, which makes it the world’s highest valued fintech company… The Ant Group is an affiliate of Alibaba, sometimes referred to as the Amazon of China; Ant was formed as a holding company in 2014 to house Alipay and other financial services likeContinue reading “#BigTech / How Ant Group was Built into a Fintech Powerhouse”