Snap Inc., the parent company of Snapchat, had a stellar first day in its public debut on the New York Stock Exchange, popping 44%. The self-proclaimed camera company that began its roots as an ephemeral photo-sharing app first priced its IPO at $17 per share on Wednesday. The stock opened at $24 and closed the day at $24.51. The company’s market cap is being reported as $34 billion… Read More
from TechCrunch
Snap, the parent company of Snapchat, had a great day in its debut on the New York Stock Exchange. After pricing the IPO at $17 per share yesterday, the stock opened at $24. It then closed the day at $24.51, a 44 percent premium to the people who bought it yesterday. But like with all IPOs, not everybody got to access Snap’s IPO price. This is usually reserved for a smaller group… Read More
from TechCrunch
Upstart, a nearly five-year-old online lending company that prides itself on quickly identifying people who are less likely to default on money leant them, has raised $32.5 million in fresh funding that brings its total funding to date to around $85 million. Partly, the company plans to use the capital to further fuel its current growth trajectory. In fact, according to CEO… Read More
from TechCrunch
Most of Snap’s top products came from acquisitions, and now it will have the war chest to make more. Yet it didn’t have to blow its momentum to collect this cash. After pricing its IPO at $17, above its original $14 to $16 range, today its shares popped over 40 percent to start trading at $24. That means it pocketed $3.4 billion while still looking cool and confident on the… Read More
from TechCrunch
Millennial consumers care about the sustainability of what they buy more than any other generation that came before them. This point is illustrated in studies from Pew Research, Clemson University and Nielsen to name a few. Now, a New York-based consumer data company called HowGood has raised $4.2 million in a Series A round of venture funding to help retailers answer every question these… Read More
from TechCrunch
Snap shares began trading more than 40% higher than its original IPO price this morning — opening at $24 per share — as the company made its debut as a publicly-traded company on the NYSE. After months of hand-wringing, Snap’s IPO has now set the stage for not just what people will be expecting for the future of its business. Snap’s performance this morning is also… Read More
from TechCrunch
Campbell, California-based ChargePoint secured a new $82 million funding round, led by automaker Daimler. The new funding will help ChargePoint expand its network of electric vehicle charging stations in Europe, as the company pursues its goal of making charging stations for EVs as readily available and convenient as gas stations. The funding round also includes existing investors BMW i… Read More
from TechCrunch
Klook, a service for finding and booking travel activities, has closed a $30 million Series B funding round led by Sequoia China. Existing backers Matrix Partners and Welight Capital, a firm founded by former Tencent executives, also took part. This new money takes Hong Kong-based Klook to $36.5 million from investors to date. Last October, it closed a $5 million Series A round led by Matrix.… Read More
from TechCrunch
Booksy, an app that enables appointment-based businesses, such as hairdressers and beauty salons, to take online booking and operate other aspects of their business, has closed $4.2 million in Series A funding. in Series A funding. Read More
from TechCrunch
The growing fitness boutique industry sees inefficiencies when there are empty spots in a workout class. Studios often have to pay the yoga teacher the same whether there are five people or 15 who attend a session. Several startups have tried to solve this problem, by offering discounted passes to meet demand. ClassPass gained early traction with consumers, but San Francisco-based Zenrez… Read More
from TechCrunch