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 […]
Goldman Sachs’ David Solomon tells startups to reconsider going public Read More »
Groww, India’s largest retail stockbroker, is preparing to file for an IPO in 10 to 12 months, seeking a valuation between $6 billion and $8 billion, sources familiar with the matter told TechCrunch. The Bengaluru-headquartered’s listing would be the first IPO by a digital trading platform in India. The targeted valuation is more than double
Groww, India’s biggest trading app, seeks $7B value in IPO Read More »
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
Shein is still looking to IPO Read More »
Several factors might make you think Snyk, the developer security startup most recently valued at $7.4 billion, would be going public soon. It was drafting an IPO prospectus in January 2024 with potential plans to file within months, The Information reported. The firm also hit $300 million ARR recently and says it’s on track to
Snyk hits $300M ARR but isn’t rushing to go public Read More »
AI agent startup /dev/agents announced a massive $56M seed round, putting the company’s valuation at a whopping $500 million. The amount is impressive given the company won’t have a first version of its product available until at least early next year. The reason behind investors’ trust, however, becomes a bit clearer when you consider the
Who knew you could get a $500 million valuation without launching a product? Read More »
When ServiceTitan filed documents last week for its IPO, hoping to have its debut before the end of 2024, the tech world wondered if a stuck IPO market was unlocking at last. Alas, probably not. But ServiceTitan could actually be a harbinger of something else entirely: a series of late-stage companies being forced to IPO
ServiceTitan could be the first of many ‘dirty’ term-sheet IPOs, VCs believe Read More »
The AI race is taking a detour as developers consider a new path to super-intelligent systems: test-time compute. Not sure what that means? Don’t worry, the Equity pod team breaks it down. Today, on TechCrunch’s Equity podcast, hosts Kirsten Korosec, Devin Coldewey and Margaux MacColl dig into the week’s tech and startup news, including what
The AI industry’s ‘next big bet,’ and should we just buy Chrome? Read More »
Every IPO S-1 prospectus includes a section listing all kinds risk factors for why its stock may not be a good buy. Many of them are boilerplate warnings, cautions over financial performance, or acts of war and nature. But some of them are more specific to the company. With ServiceTitan, a cloud service startup that
ServiceTitan names LLMs from Microsoft, OpenAI as risk factors Read More »
Two large Indian startups, Ola Electric and FirstCry, are set to test investor appetite with their public listings this month, but both have had to price their shares below their previous valuations as they come to terms with new market realities. Ola Electric, India’s biggest electric two-wheeler maker, aims to raise over $730 million by
Indian startups gut valuations ahead of IPO push Read More »
Adtech startup InMobi is eyeing a valuation of about $10 billion in an initial public offering it is planning for next year, two sources familiar with the matter told TechCrunch. The firm plans to list in India, the sources said, requesting anonymity as the deliberations are private. InMobi is profitable and plans to shift its
InMobi eyes $10 billion valuation in 2025 India IPO Read More »
