Snap looks to raise $1 billion in private debt offering
Snap, the parent company of Snapchat, is looking to add some cash to its coffers via a new proposed private offering of $1 billion in convertible senior notes, with a due date for maturation of August...
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Revisiting Jumia’s JForce scandal and Citron’s short-sell claims
In advance of Jumia’s November financial reporting, it’s worth revisiting the company’s second-quarter results, the downside of which included some negative news beyond losses. The Africa focused...
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Atom Finance’s free Bloomberg Terminal rival raises $12M
If you want to win on Wall Street, Yahoo Finance is insufficient but Bloomberg Terminal costs a whopping $24,000 per year. That’s why Atom Finance built a free tool designed to democratize access to...
View ArticleBill.com’s IPO pricing is good news for unprofitable startups
Business-to-business payments company Bill.com priced its IPO today at an above-range $22 per share. The firm, selling 9.82 million shares in its offering, will raise around $216 million at a roughly...
View ArticleIs a direct listing the right choice for your company?
Ran Ben-Tzur Contributor Share on Twitter Ran Ben-Tzur is a corporate partner at Fenwick & West. Ran’s issuer-side initial public offerings include Facebook, Fitbit, Upwork, Zuora and Peloton...
View ArticleNegotiate for ‘better’ stock in equity-funded acquisitions
Timothy R. Bowers Contributor Share on Twitter Timothy R. Bowers is the Managing Partner of VLP Law Group LLP. Andrew P. Dixon Contributor Share on Twitter Andrew P. Dixon serves as Counsel with VLP...
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Airbnb’s New Year’s Eve guest volume shows its falling growth rate
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. It’s finally 2020, the year that should bring us a direct listing from...
View ArticleAway, #PelotonGate and predictions for 2020
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Kate and Alex and the ever-intrepid man behind the dials, Chris, took...
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Markets dragged down by abysmal retail sales and factory output
U.S. major stock indexes fell in Wednesday trading as new data from the Commerce Department and Federal Reserve indicated a collapse in manufacturing output and retail sales. However, the declines did...
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NYSE trading and IPOs won’t halt through COVID-19 says vice chairman
Trading and IPOs on the New York Stock Exchange will continue through any economic tremors the COVID-19 crisis may cause. That’s according to the NYSE’s vice chairman, John Tuttle, who spoke to...
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How deal terms are changing right now
Trying to raise money for a startup is never a walk in the park. Still, there are good times, there are bad times, and there is right now, a moment of uncertainty unlike anything that most of us have...
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How to protect your equity if you’ve been furloughed or laid off
Wouter Witvoet Contributor Share on Twitter Wouter Witvoet is founder and CEO of Secfi, a pre-wealth management equity planning platform for startup employees. If you’ve been lucky enough to keep your...
View ArticleWhat to do when your VC writes your startup off
The novel coronavirus has been devastating for many people, families and communities — and the consequences are still being calculated. The tech world has seen wave after wave of layoffs, sometimes...
View ArticleAll bets are off as Hertz pulls plan to issue $500 million in new stock
Hertz, which filed for bankruptcy last month, halted its $500 million stock offering Wednesday after the U.S. Securities and Exchange Commission told the rental company it would review its...
View ArticleNYSE seeks SEC approval for more direct listings
The New York Stock Exchange filed an amendment today with the Securities and Exchange Commission to allow for more direct listings. Direct listings offer a more streamlined method for companies to go...
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Is your net worth too closely tied to your company’s success?
Peyton Carr Contributor Share on Twitter Peyton Carr is a financial advisor to founders, entrepreneurs and their families, helping them with planning and investing. He is a managing director of...
View ArticleTesla taps market rally keg, announces $5B stock sale
Tesla said Tuesday it will sell up to $5 billion in new stock as the company seeks to take advantage of an unprecedented run up in its share price. Tesla will sell the shares from “time to time,”...
View ArticleWhat happens when public SaaS companies don’t meet heightened investor...
Late last week we discussed how, this deep into the earnings cycle, it appeared that public SaaS and cloud companies had largely made it through the Q2 gauntlet unscathed. Sure, through last week there...
View ArticleStocks are selling off again, and SaaS shares are taking the biggest lumps
It was just days ago that cries of “stocks only go up,” and “no it makes sense that Tesla is going up because it split” and other bits of unironic stupidity were the only thing you could read online...
View ArticleAmerican stocks drop in wake of president’s COVID-19 diagnosis
American stocks are selling in the wake of President Trump, and members of his family and a key staff member, testing positive for COVID-19. The news, which came overnight, is weighing heavily on all...
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