Event Online Global FinTech Fest 2020 

 29 days ago
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The IPO window is open (again) – TechCrunch

Quick Summary

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. After pricing its IPO $1 ahead of its proposed range at $21 per share, the company closed its first day’s trading worth $34.00, up 61.9%, according to Yahoo Finance. Whether you feel that this SaaS player was worth the revenue multiple its original, $8 billion valuation dictated — let alone that same multiple times 1.6x — the message from the offering was clear: the IPO window is open. The company hopes to go public for as much as $1.9 billion, a modest uptick from its final private valuations. Vroom is more of a question, but if it does price strongly we’ll know public investors are looking for any piece of growth they can find.

Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.

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