Category: IPO

Slack Stock Takes a Post-Earnings Dive

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Slack’s Q2 earnings were less than impressive…

Shares of Slack Technologies dropped about 15% on Wednesday after the company’s Q2 earnings report failed to wow investors.

Despite having a solid quarter overall, weak guidance overshadowed the company’s performance. And some investors are losing confidence in the communications company.

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Can Cloudflare’s IPO Succeed Despite Past Controversies?

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Cloudflare joins the ranks of 2019’s tech companies to offer an initial public offering…

Cloudflare Inc. is set to be the next big tech company to go public in 2019. Here’s what the company offers: “Cloudflare provides a scalable, easy-to-use, unified control plane to deliver security, performance, and reliability for on-premises, hybrid, cloud, and SaaS applications.”  That’s according to the company’s website.

In short, this company is all about the cloud. And some of its major clients include Zendesk, Udacity, DigitalOcean, and more.

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Can the Peloton IPO Power Through Weak Financials?

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IPO documents give investors a closer look at Peloton’s financials.

On Tuesday, at-home fitness equipment manufacturer Peloton revealed the documents it filed ahead of its initial public offering. The company confidentially filed for IPO in June.

Peloton specializes in producing exercise cycles and treadmills with screens that allow users to join in on live and pre-recorded fitness classes from home. Members have to pay a monthly subscription fee to access these classes on their equipment or through the Peloton app.

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Chinese AI Firm Files for IPO

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Megvii Technology files for IPO in Hong Kong…

Megvii Technology has filed for its initial public offering on the Hong Kong stock exchange. The Alibaba-backed company is an artificial intelligence startup that’s most known for its facial recognition technology.

The company’s prospectus didn’t reveal an IPO date or share pricing. But Reuters reported that the company plans to raise between $500 million and $1 billion with the IPO and is expected to start selling shares in the fourth quarter of this year.

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JP Morgan: Beyond Meat is Beyond Expensive

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The company’s shares nosedived after being downgraded…

Beyond Meat’s stock has been on fire since its May IPO. On Monday, the company’s shares closed at $168.10 per share, which is substantially higher than its IPO price of $25 per share.

But Beyond Meat experienced its first dose of reality on Tuesday after JP Morgan downgraded the company. This is somewhat surprising, given that the firm was the lead underwriter for Beyond Meat during its IPO.

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Lyft vs. Uber: A Tale of Two IPOs

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Traders can learn a lot from the initial public offerings of the two ride-sharing giants taking the transportation business by storm.

Both IPOs happened in the last three months. And while there are some similarities, there are also some key differences…

After Lyft went public in late March, the company’s stock price slumped almost 15%. It’s a great example of just how tricky an IPO can be. Lyft shows losses of over a billion dollars in the last quarter. No big surprise that isn’t helping boost investor confidence.

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