Tag: initial public offering

Reddit plans to launch IPO in March, report says | TechCrunch

~ knjohn ~ Leave a comment

Reddit is preparing to launch its initial public offering (IPO) in March, according to a new report from Reuters. The report notes that the move comes more than three years after the San Francisco-based social media platform first began eyeing an IPO. Reddit is planning to make its public filing in late February and complete the IPO by the end of March.

The company is looking to sell around 10% of its shares in the IPO, and will decide on what IPO valuation to pursue closer to the time of the listing. However, Reuters sources cautioned that Reddit’s IPO plans could potentially be pushed back, which has happened in the past.

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AirBnB Going Public Next Year | Getentrepreneurial.com

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Airbnb has said that it will have its initial public offering in 2020.

The company is one of the last of the big unicorn herd that grew up roughly a decade ago (a herd that includes Uber, Lyft, The We Company and Postmates) to declare its public market intentions.

Yesterday evening the company announced it had hit over $1 billion in revenue for the second quarter 2019. It’s the second time in the company’s history that it pulled in more than $1 billion, according to the statement.

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Groupon’s Revised S-1 Offers Hints At Its Profitable Future | Fast Company

~ CBPS ~ Leave a comment

The coverage of Groupon’s revised S-1 filing Wednesday mostly focused on the deep red numbers splashed across the company’s balance sheets. And rightly so. Because as much money as the company is bringing in, it’s still a ways from making a profit.

And yet, sprinkled among the revisions to the document were other interesting tidbits–ones that speak to where the company is going. And, if looked at in the right light, they could hint at a more promising future than some might think.

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