On October 19, 2017, Lyft announced that it has managed to secure a $1 billion investment from CapitalG, a growth investment arm of Google’s parent company, Alphabet. This latest round of funding is expected to help the San Francisco based company prepare for its IPO in 2018. Before the investment was made, Reuters reported that […]
Lyft to Go Public in 2018
Aramco Still Plans to Go Public in 2018 in Largest IPO in History
Early last year, Saudi Arabia’s Crown Prince, Mohammed bin Salman, announced that talks of an Aramco initial public offering (IPO) were in progress. Aramco is by far the largest oil company in the world, with the Crown Prince and other Saudi officials valuing the company above $2 trillion. The public sale of just 5% of […]
Snap’s IPO and Lack of Shareholders’ Rights
Snap Inc. (“Snap”) recently filed its IPO with the SEC. The intended IPO of the parent company of the messaging app Snapchat has already been heavily debated and various commentators have criticized Snap’s intended governance structure.
Snap Aims for Valuation of More Than $20 Billion in IPO
Snap Inc., the parent company of Snapchat, is positioned to be one of the biggest initial public offerings in the technology industry in years. The company will have the ticker symbol SNAP and is expected to begin trading early March. Snap has an expected potential value of about $22.2 billion, with its midpoint being close […]
Founders v. Investors: Snap Inc.’s IPO is the Latest Battle in a Longtime War
Snapchat’s parent company, Snap Inc., will soon have its initial public offering (IPO). Although Snap Inc.’s IPO may seem like a typical startup success story, it differs in important ways that could have a massive market impact.
The Impact of the Presidential Election on IPOs
The uncertainty of the 2016 presidential election is impacting investors and IPOs, especially due to Americans’ wide dislike for both candidates. Given the political climate, investors feel unstable and insecure. As a result, the stock market has slowed down considerably this year. However, according to the Presidential Election Cycle Theory, once the presidential election has […]
Snapchat Poised for IPO in 2017
Everyone’s favorite message disappearing app is reportedly preparing the paperwork to file an IPO as early as next March. Snap Inc., parent company of Snapchat, received a valuation of $17.8 billion in May, but a public offering next year could potentially price the company at $25 billion or more.
Recap: Venture Capital Speaker Series – Kevin Kennedy, Simpson Thacher
On October 10, 2016, the Berkeley Center for Law, Business and the Economy (BCLBE) hosted Kevin Kennedy, partner in Simpson Thacher’s corporate department and co-chair of the firm’s pro bono committee, for a discussion on navigating capital markets. Mr. Kennedy is also a member of the Boalt Hall Alumni Association.
US Foods Plans to Go Public Following Failed Merger
On February 9, 2016, US Foods filed a “Form S-1” registration statement with the US Securities and Exchange Commission (SEC) for an initial public offering (IPO). US Foods’s announcement marks only the third US IPO of 2016, a year marred by heightened volatility in global equity markets. Founded in 1988, US Foods is the second […]
Square’s IPO and the Tech Industry
Much speculation surrounded Square’s IPO. Facing a struggling IPO market and steep competition from companies such as Apple and PayPal, many wondered if Square could reach its fundraising goals. These fears were confirmed when Square set its IPO price at $9 per share, well below the expected range of $11-$13. However, after its public debut […]