Crypto News Stocks 

Bitcoin Mining Giant Canaan’s IPO Postponed as Application Lapses

“Cryptocurrency mining giant Canaan has reportedly let its application for a Hong Kong IPO lapse” writes Joshua Morris for livebitcoinnews.com. Ashley Alder: What do you think of Canaan’s lapsed IPO application?. The second largest cryptocurrency mining equipment manufacturer Canaan Inc., has reportedly let its Hong Kong IPO application lapse, after having it filed earlier in May, Reuters reports, citing sources familiar to the matter.A senior equity capital markets banker, who is not involved in the matter, outlined: Another application that’s currently in pending is the one of the world’s largest…

Read More
News 

Snap subpoenaed by DOJ and SEC over IPO disclosures

“Snap acknowledged the probes after the US government made a sealed filing in the shareholder lawsuit last Wednesday” reports nypost.com. The shareholder lawsuit further alleges that Snap misrepresented its use of smartphone notifications and other “growth hacking” tactics to spur Snapchat usage.Snap’s Snapchat messaging app has posted disappointing user growth since the company’s $3.4 billion IPO, and despite above-expectations sales growth and narrowing losses, its shares have tumbled.The previously unreported federal inquiries follow an ongoing shareholder lawsuit in which investors allege Snap misled the public about how competition from Facebook…

Read More
News 

Snap Subpoenaed By DOJ, SEC Over IPO Disclosures

“The current lawsuit also contends Snap misrepresented its use of smartphone notification and other so-called growth hacking strategies to boost usage of Snapchat, reported Reuters” reports pymnts.com. Investors argued in the lawsuit that Snap was dismissive about the threat Instagram was and should have attributed the slower user growth it saw in 2016 to Instagram. Source: pymnts.com Share This:

Read More
News 

Snap says it’s responded to subpoenas from the DOJ and SEC about its IPO, following a suit alleging Snap misled the public on how Instagram affected its growth

“Snap acknowledged the probes after the U.S. government made a sealed filing in the shareholder lawsuit last Wednesday” writes Min Read for reuters.com. The shareholder lawsuit further alleges that Snap misrepresented its use of smartphone notifications and other “growth hacking” tactics to spur Snapchat usage.Snap’s Snapchat messaging app has posted disappointing user growth since the company’s $3.4 billion IPO, and despite above-expectations sales growth and narrowing losses, its shares have tumbled.The previously unreported federal inquiries follow an ongoing shareholder lawsuit in which investors allege that Snap misled the public about…

Read More
News 

Snap reveals U.S. subpoenas over 2017 IPO disclosures

“Snap acknowledged the probes after the U.S. government made a sealed filing in the shareholder lawsuit last Wednesday” reports venturebeat.com. The shareholder lawsuit further alleges that Snap misrepresented its use of smartphone notifications and other “growth hacking” tactics to spur Snapchat usage.Snap’s Snapchat messaging app has posted disappointing user growth since the company’s $3.4 billion IPO, and despite above-expectations sales growth and narrowing losses, its shares have tumbled.The previously unreported federal inquiries follow an ongoing shareholder lawsuit in which investors allege that Snap misled the public about how competition from…

Read More
News 

Exclusive: Snap reveals U.S. subpoenas on IPO disclosures

“The shareholder lawsuit further alleges that Snap misrepresented its use of smartphone notifications and other “growth hacking” tactics to spur Snapchat usage” writes Midwest Communications Inc for 95kqds.com. Snap acknowledged the probes after the U.S. government made a sealed filing in the shareholder lawsuit last Wednesday. Investors allege that Snap underplayed the risk, contending that the company should have attributed slowing user growth in late 2016 to Instagram.Snap’s Snapchat messaging app has posted disappointing user growth since the company’s $3.4 billion IPO, and despite above-expectations sales growth and narrowing losses,…

Read More
News 

Qualtrics Skips IPO for $8B Sale to SAP

“SAP (NYSE: SAP) makes a variety of software products, including tools for enterprise resource planning, supply chain management, human resources, and managing connected devices” writes Jeff Engel for xconomy.com. This year’s other multibillion-dollar tech deals include Microsoft’s $7.5 billion acquisition of GitHub, Salesforce’s $6.5 billion purchase of MuleSoft, the $5.2 billion merger of Cloudera and Hortonworks, and IBM’s $34 billion acquisition of Red Hat—the biggest software acquisition of all time. Source: xconomy.com Share This:

Read More
News 

Japan’s SoftBank steps closer to transformation with $21 billion mobile IPO

“SoftBank Group hopes that putting a value on the telecoms business will help bolster its own share price, which it sees as undervalued” writes Midwest Communications Inc for 95kqds.com. TOKYO (Reuters) – SoftBank Group Corp has won approval to conduct a 2.4 trillion yen ($21.04 billion) initial public offering (IPO) of its domestic telecoms business, in a deal that will seal the group’s transformation into a top global technology investor. Source: 95kqds.com Share This:

Read More
News Stocks 

SoftBank’s mobile unit launches $21 billion listing in one of the biggest IPOs ever

“Additionally, up to 160 million shares worth 240.6 billion yen will be offered in an overallotment if demand is strong” writes unknown author for cnbc.com. On sale is 1.6 billion SoftBank Corp shares at an tentative price of 1,500 yen each, raising 2.4 trillion yen and resulting in a market value of 7.18 trillion yen upon listing. In that case, the total would come close to the $25 billion worth of shares sold by Alibaba in 2014 in the biggest-ever IPO. The final IPO price will be determined on Dec.…

Read More
News 

SAP announces it will buy user experience management platform Qualtrics, which had planned to go public later this month, for $8B

“Why it matters: This would be the largest-ever purchase of a VC-backed enterprise software company, and the third-largest sale of any SaaS company (behind Oracle buying Netsuite for $9.3 billion, and SAP buying Concur for $8.3 billion)” reports axios.com. This is the second time this year that a “unicorn” enterprise software company has been purchased just before its planned IPO. The first was Workday buying Adaptive Insights. Source: axios.com Share This:

Read More