News 

Cloud computing PagerDuty files for IPO

“The San Francisco-based cloud computing company filed to sell $100 million in shares, although that figure is often a placeholder used to calculate registration fees” writes Claudia Assis for marketwatch.com. Proceeds will be used for general corporate purposes, including working capital, operating expenses, and capital expenditures, the company said. Source: marketwatch.com

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Sources: Uber will issue its public S-1 and start its IPO roadshow in April

“(Reuters) – Ride-hailing company Uber Technologies Inc is planning to kick off its initial public offering in April, putting it close on the heels of smaller rival Lyft Inc, people familiar with the matter said on Thursday” writes Min Read for reuters.com. Uber will have the challenge of explaining and selling to investors a business that is more complex and less focused than Lyft’s. Source: reuters.com

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Cloudflare, a startup that secretly runs the internet, raises $150 million — meaning its long-awaited IPO probably isn’t happening soon

“Along with the funding, Cloudflare also announced that Nike Foundation co-chair Maria Eitel and veteran tech exec Stan Meresman have joined its board of directors” writes Matt Weinberger for businessinsider.com. Cloudflare, a startup that quietly underpins much of the modern internet, has raised $150 million in funding in a round led by investment firm Franklin Templeton.When Cloudflare last raised funding in 2016, it was valued at $3.2 billion, though it declined to share an updated figure with today’s news.All told, Cloudflare has raised over $330 million in funding to date,…

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Markets News 

Tradeweb Markets files for IPO, on the Nasdaq exchange

“The company has filed to go public at a time that the Renaissance IPO ETF IPO, -1.11% has run up 20.4% over the past three months while the S&P 500 SPX, -0.65% has gained 5.3%” writes Reporter Editor for marketwatch.com. The company has applied for its stock to trade on the Nasdaq Global Select Market under the ticker symbol “TW.” The company has not determined how many shares it will offer in the IPO. The lead underwriters are J.P. Morgan, Citigroup, Goldman Sachs and Morgan Stanley. Source: marketwatch.com

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News Oil 

Exclusive: Carlyle in final talks to clinch $3.4 billion deal for Cepsa stake – sources

“In 2013 Carlyle launched a $2.5 billion euro energy fund – Carlyle International Energy Partners (CIEP) – and has since then made a number of high profile acquisitions” writes Midwest Communications Inc for 95kqds.com. Carlyle’s Neptune Energy fund is currently bidding for the oil and gas assets being sold by EDF’s Italian unit Edison, according to sources.Carlyle, whose energy and natural resources division includes funds such as Neptune Energy, could reach an agreement within weeks, one of the sources said.However, Carlyle has emerged as the favorite bidder in the process…

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Lyft files first for IPO in litmus test for the industry

“An exit is on the way for one of Silicon Valley’s highest-profile minotaurs, as Lyft filed today for an IPO. By the numbers, via Axios’ Kia Kokalitcheva: In 2018, Lyft had $8.1 billion in bookings, $2.2 billion in revenue, $911.3 million in losses, and more than 1 billion total rides” reports axios.com. Lyft roughly doubled its revenue per rider over the past 2 years, from $18.53 to $36.04. The share of ride revenue Lyft keeps has grown over time, hitting 28.7% in Q4 2018. Source: axios.com

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