Hinge Health, a digital physical therapist company, closed its first day of trading on the New York Stock Exchange on Thursday at $37.56, up about 17% over the $32 IPO price it set the previous day. That’s a good first-day result. But even with the pop, Hinge’s public valuation is significantly less than its last…
Category: IPO
Fintech, Global Security News, IPO, monzo, neobank, TC, TS Anil
Monzo’s pivot from cool to corporate: ‘freshness is not about gimmicks’
Monzo, Britain’s biggest digital bank, is still synonymous with its neon debit cards, extensive use of emojis, and free spending abroad. But it’s no longer just trying to be cool; it’s trying to become a major financial institution. That shift, from an upstart fintech beloved by millennials into a mature, sustainable business, is what makes…
AI, Fintech, Global Security News, IPO, Klarna
Klarna’s revenue per employee soars to nearly $1 million thanks to AI efficiency push
Last year, Klarna announced a significant initiative to leverage its internally developed AI systems, powered by OpenAI, across its operations. This wasn’t empty talk for the buy now, pay later giant. The company not only ended its pricey contract with Salesforce CRM, but also curtailed its hiring efforts, allowing AI to do some of the…
Fintech, Global Security News, IPO, Startups, TC, Venture
$25B-valued Chime files for an IPO, reveals $33M deal with Dallas Mavericks
At long last, digital consumer bank Chime has moved forward with its IPO by filing its S-1 paperwork Tuesday. Chime had reportedly filed confidential S-1 paperwork back in December. S-1 filings typically reveal all kinds of information, covering financial, legal, and other risk factors. But Chime’s S-1 documents still have a lot of blank spaces.…
EV, Global IT News, Global Security News, India IPO, IPO, Transportation
India’s EV startup Ather cuts IPO size to $308M, seeking $1.4B post-money valuation
Ather Energy, the Indian startup manufacturing electric two-wheelers, has cut the size of its initial public offer by 18% to 26.26 billion Indian rupees ($308.3M), according to a new draft prospectus filed Tuesday. The Bengaluru-based startup confirmed to TechCrunch it’s targeting a post-money valuation of $1.4 billion. Last September, the startup sought a valuation of…
AI, Global Security News, IPO, M&A, PitchBook Data, recession, shutdowns, Startups, Venture
Startup funding hit records in Q1. But the outlook for 2025 is still awful.
Startups attracted $91.5 billion in venture capital funding in Q1, according to the latest report from data provider PitchBook. This figure not only exceeds the previous quarter’s allocation by 18.5% but also represents the second-highest quarterly investment in the last decade. Despite this seemingly positive news, Kyle Stanford, lead U.S. venture capital analyst at PitchBook,…
forerunner, Global Security News, IPO, Startups, StrictlyVC
Forerunner’s long game: As startups stall before IPO, all options are on the table
Thirteen years ago, Forerunner Ventures began helping to usher in a new era of consumer startups, including Warby Parker, Bonobos, and Glossier. None has gone through a traditional IPO process. Warby Parker was taken public through a special purpose acquisition vehicle. Bonobos was acquired by Walmart. Glossier is still privately held, along with many other…
Crypto, Fintech, Global Security News, IPO, stablecoin
Stablecoin issuer Circle takes another stab at a public listing
Circle, the issuer of USDC, a stablecoin pegged to the U.S. dollar, filed to go public on Tuesday. The company, which makes money from interest earned on its reserve assets, reported that its 2024 revenue and reserve income was $1.68 billion, up from $1.45 billion the year prior. Circle’s 2024 net income was $156 million,…
AI, AI chips, Global Security News, IPO, Startups
Cerebras Systems’ IPO is further delayed
AI chipmaking company Cerebras Systems’ IPO is delayed again as the public listing’s national security review drags on. Cerebras, which originally filed its intent to IPO in September 2024, thought the incoming Trump administration would help it breeze through its national security review, according to Reuters. That hasn’t been the case. The White House has…
Climate, data centers, Fervo Energy, Fundraising, geothermal, Global IT News, Global Security News, IPO
Geothermal unicorn Fervo Energy may IPO as early as next year
Driving the consideration is the growing concern over power demand growth from data centers, which could double by 2029. © 2024 TechCrunch. All rights reserved. For personal use only.
Biotech & Health, Global IT News, Global Security News, Hinge Health, IPO, S1, Sword Health
Virtual physical therapists Hinge Health files for IPO, estimated to raise $500M
Hinge Health, a 10-year-old company that offers a digital solution to treat chronic musculoskeletal (MSK) conditions, filed to go public. Although Hinge has not yet announced how many shares, nor priced them, the IPO specialists at Renaissance Capital estimate the company hopes to raise up to $500 million in its offering. Hinge’s revenue in 2024…
AI, Global IT News, Global Security News, gong, IPO, sales, Startups
Revenue prediction startup Gong surpasses $300M ARR, indicating potential IPO path
Gong, a startup that helps companies predict their revenue from potential sales, has surpassed $300 million in annualized recurring revenue, the company announced on Wednesday. Since its founding in 2016, Gong has used AI to analyze customer interactions. The addition of generative AI capabilities in recent years has helped to fuel the company’s growth. “We’re…
AI, Global IT News, Global Security News, IPO, nvidia
Ahead of a possible $4 billion IPO, CoreWeave’s founders already pocketed $488 million
CoreWeave’s initial S-1 document for its upcoming IPO is full of surprises. Backed by Nvidia, CoreWeave runs an AI-specific cloud service from its network of 32 data centers that together have more than 250,000 Nvidia GPUs as of the end of 2024, according to the company. Since then, it has also added a number of…
Exclusive, General Catalyst, Global IT News, Global Security News, IPO, Venture
General Catalyst loses three top investors as the firm expands beyond venture, contemplates IPO
Three key investors have left General Catalyst amidst a series of recent changes at the firm, which now describes itself as an ‘investment and transformation company,’ TechCrunch has learned. The departed managing directors include Deep Nishar and Kyle Doherty, who co-led General Catalyst’s late-stage strategy known as Endurance, and Adam Valkin, one of the three…
General Catalyst, Global IT News, Global Security News, IPO, Venture
General Catalyst is reportedly weighing a potential IPO
General Catalyst, the powerhouse venture firm, is considering an IPO, Axios reported Friday morning, citing “multiple sources.” TechCrunch has reached out to the firm’s managing partner, Hemant Taneja, for comment. In the meantime, those following General Catalyst’s trajectory won’t be surprised by the prospect. Founded 25 years ago as a small Cambridge, Mass.-based venture firm,…
Global IT News, Global Security News, IPO, sailpoint, Startups, TC
SailPoint’s dull debut did little to loosen the stuck IPO window, expert says
SailPoint’s IPO on Thursday was a disappointment for anyone hoping it would indicate that tech IPOs are hot again. The first day’s trading ended below the $23 initial price. The stock fared a tad better Friday, closing at over $24. But that’s nothing close to the big bang companies and VCs hope for. For instance,…
Global IT News, Global Security News, IPO, Transportation, turo
Turo scraps plans for an IPO
Turo on Thursday withdrew its plans for an IPO, ending a three-year wait to bring the online car-sharing network to the public marketplace, according to a regulatory filing. Turo, which was founded in 2010, allows private car owners to rent out their vehicles through the startup’s website or app. The company — sometimes described as…
evergreens, Fundraising, Global IT News, Global Security News, IPO, Startup IPO, Startups, VC
Here are all the IPOs reported to be in the works for 2025
These companies have confidentially filed to go public in recent years. © 2024 TechCrunch. All rights reserved. For personal use only.
Global IT News, Global Security News, IPO, Space, spacetech, TC
Spacetech Voyager is aiming for a multi-billion valuation IPO
Voyager Technologies has reportedly filed its confidential paperwork to go public, hoping for a $2 billion to $3 billion valuation. © 2024 TechCrunch. All rights reserved. For personal use only.
AI, Asia Pacific, generative ai, Global Security News, In Brief, IPO, mistral, startup, Startups, Venture, World Economic Forum
Mistral AI plans IPO
French AI lab, Mistral, is working toward an initial public offering, co-founder and CEO Arthur Mensch said Tuesday in an interview with Bloomberg at the World Economic Forum in Davos. Mistral is “not for sale,” Mensch said, adding that the company plans to open an office in Singapore to focus on the Asia-Pacific region and…
etoro, Fintech, Global IT News, Global Security News, IPO
Trading platform eToro said to be eyeing $5B US IPO in 2025
Trading platform eToro has reportedly filed confidentially for a US IPO that could value the company at over $5 billion. © 2024 TechCrunch. All rights reserved. For personal use only.
Global IT News, Global Security News, IPO, raising, Startups
Goldman Sachs’ David Solomon tells startups to reconsider going public
Goldman Sachs is one of the biggest investment banker “book runners” for IPOs – where banks are paid many millions of dollars for each listing they underwrite. Yet CEO David Solomon told attendees of the Cisco AI Summit in Palo Alto that startups should reconsider the idea of going public, reports the Financial Times. Solomon…
Fintech, Global IT News, Global Security News, groww, India, IPO, TC
Groww, India’s biggest trading app, prepares for IPO
Groww, India’s largest retail stockbroker, is positioning itself to file for an IPO in 10-12 months and is seeking a valuation between $6 billion to $8 billion, sources familiar with the matter told TechCrunch, in what would be a landmark listing for the country’s fintech sector. The Bengaluru-headquartered’s listing would be the first IPO by…
Asia Pacific, Commerce, Global Security News, IPO, Shein
Shein is still looking to IPO
Shein is still looking to IPO, Reuters reports. The company is looking to list on the London Stock Exchange (LSE) and could complete its IPO as early as April. The push for London comes after the company stopped trying to list in the U.S. as lawmakers raised concerns over the company’s connections to China and…