Vice Media, the group behind the once-edgy Vice magazine is going public.
And they're doing it the way every other "cutting-edge" company seems to want to do it these days.
Vice Media stock is going public via SPAC merger.
By Mike Stenger, Associate Editor, Money Morning - • Print | Email
Vice Media, the group behind the once-edgy Vice magazine is going public.
And they're doing it the way every other "cutting-edge" company seems to want to do it these days.
Vice Media stock is going public via SPAC merger.
By David Zeiler, Associate Editor, Money Morning • @DavidGZeiler - • Print | Email
Investors are getting a new way to invest in the cryptocurrency boom with the arrival of Coinbase stock on the Nasdaq.
Coinbase Global, the best-known U.S.
crypto exchange, has experienced explosive growth over the past year.
It figures to be one of the hottest offerings on Wall Street this year.
But should you buy it?.
We've got answers to all your questions - including how to play this new stock...
By Money Morning Staff Reports, Money Morning - • Print | Email
The Coinbase IPO date was recently set for April 14.
It will go the route of a direct listing and trade on the NASDAQ under the ticker COIN.
And yes, you will be able to find it on Robinhood.
By Money Morning Staff Reports, Money Morning - • Print | Email
April Fool’s Day (Thursday) wasn’t a complete joke this year.
The Compass stock ticker (COMP) went live on the New York Stock Exchange April 1.
It could see some big growth in the near future as the economy opens up and real estate prices keep climbing.
But the question of whether Compass stock is a buy for the long run is a different story.
By Mike Stenger, Associate Editor, Money Morning - • Print | Email
The IPO flubbed, and WeWork will now try to go public a different way.
What's changed? This company will be under a different kind of management, called a special purpose acquisition company.
Yes, they are jumping on the SPAC train.
A WeWork SPAC deal is especially interesting since the 2019 WeWork IPO became one of the biggest disappointments of the decade.
It was one of the largest real estate companies in the world, valued at $47 billion, before cutting its valuation to $10 billion and withdrawing its IPO bid.
Here's how the SPAC deal is going down, and whether or not WeWork stock is a buy.
By Money Morning Staff Reports, Money Morning - • Print | Email
One of the hottest IPOs last week was Olo Inc.
(NYSE: OLO), a cloud-based e-commerce platform for restaurants.
The Olo IPO was priced Wednesday and saw strong initial buying interest with an almost 40% pop in price.
The stock, which was priced at $25 a share, got as high as $35 before pulling back at the end of the week.
Now that the Olo has pulled back, what’s the case for buying the stock?
By Mike Stenger, Associate Editor, Money Morning - • Print | Email
Quantum computing isn’t just faster computing.
It’s faster computing that changes the world.
According to Gartner, 20% of global organizations will budget for quantum computing projects in 2030.
In 2018, that number was just 1%.
The battle for control over that 1,900% change comes down to only a handful of companies.
IonQ is one of them. And IonQ stock is going public this year.
By Mike Stenger, Associate Editor, Money Morning - • Print | Email
A Didi Chuxing IPO is on the way, and the company is targeting a $60 billion valuation at launch.
An official date has not yet been announced, but they expect to go public sometime in the first half of 2021.
Here’s whether or not you should buy Didi stock after its IPO.
By Alex Kagin, Director of Research, Money Morning • @alexkagin - • Print | Email
The Coupang IPO may very well be the biggest of the year.
While the Korean firm may be new to many investors, it's part of a trend you know a lot about.
In 2020 online spending represented 21.3% of total retail sales, up 44% since the previous year.
Global retail e-commerce sales for 2020 were over $4 trillion.
That is a lot of money spent online.
Enter Coupang, a Korean e-commerce titan that could go public with a valuation of around $50 billion under the ticker CPNG.
This would make it the largest IPO in a company based outside the U.S.
since Alibaba over five years ago.
By Money Morning Staff Reports, Money Morning - • Print | Email
There is a lot of chatter this morning about the possibility of a Reddit IPO.
If you get emails or come across material talking about all the wonderful possibilities of an IPO, do yourself a huge favor.
Ignore it.
The bottom line is, despite all the mainstream media hype, there is no timeline for an IPO.
So then why are you hearing about it?