Tag: ipo

Read More

Eventbrite shares spike by 59% on first day of trading after IPO

It's always risky to read too much in to the 'pop' of a company's shares on the day it goes public, although if they sink below their initial price, that's definitely not a good sign.
Read More

Eventbrite aims to raise $200m in IPO at $1.8bn valuation

Ticketing firm Eventbrite has set the terms for its upcoming IPO. The company is planning to raise $200m from selling 10 million shares at a price range of $19-$21. “At the midpoint of the proposed range, Eventbrite would...
Read More

Spotify and SEC meet over IPO bypass plans

Bloomberg is reporting that executives from Spotify met with Securities & Exchange Commission representatives recently to discuss the former’s supposed plan to bypass the traditional IPO path and go the direct listing...
Read More

Snapchat has filed (secretly) for its IPO

Snapchat’s parent company Snap has filed for its long-awaited IPO, although for now financial data about the company remains under wraps. That’s because it has taken advantage of US legislation that enables companies...
Read More

Facebook reportedly tried to buy ‘Asian Snapchat’ Snow

Remember the days when Facebook tried to buy Snapchat for $3bn? Three years on, the social app is reportedly shooting for a valuation of up to $35bn in its IPO next year. Still, Facebook hasn’t given up on getting a piece...
Read More

Snapchat parent reportedly planning $25bn IPO

Snap Inc, the newly rebranded parent company of Snapchat, is preparing to go public in the spring of 2017, according to the Wall Street Journal. It claims Snap is “preparing the paperwork for an IPO with a view to selling...
Read More

“Did Daniel Ek just say that Spotify is buying SoundCloud?” No.

The dopamine hit from clickbait headlines will do for us all at some point. Nordic Business Insider has picked up on an interview with Spotify co-founder Daniel Ek on TV4 in his homeland of Sweden and suggested that, “reading...
Read More

Guvera India “in a state of chaos”

Crowdmix is not the only new music company having a hard time of it. Australian ad-funded streaming service Guvera was blocked from going for an IPO in June by the Australian Securities Exchange and had to close its operations...
Read More

Deezer will be profitable by 2018

That’s the claim from Alexis de Gemini, the streaming service’s MD. He said this in an interview on BFM business radio, subsequently picked up by Digital Music News.
Read More

Guvera battling on after IPO blockage

Streaming firm Guvera’s much-discussed IPO was recently blocked by the Australian Securities Exchange (ASX). Now the company is mulling its next moves, including seeking more money from its shareholders.
Read More

Line IPO could raise more than $1bn for social network

Japanese messaging app Line is preparing for its delayed IPO on the Tokyo and New York stock exchanges. The company has announced that it will price its IPO at between $26.50 and $31.50 a share, potentially raising as...
Read More

Report 392 – Burning Question

In our Cover Feature we look at the chaos surrounding both Cür and Guvera and what this tells us about the state of digital music in 2016. The market is tilted towards failure and even long-standing services, despite approaching...