All posts by News Desk

Upload exec tasked with turning things around at the troubled VR startup has already quit | #VentureCanvas

Lucas Matney | TechCrunch Startups


 The executive tasked with building back community trust in Upload, the VR startup shaken by a sexual harassment lawsuit filed by a former employee earlier this summer, has quit less than six weeks after officially announcing she had joined the team as COO, multiple sources tell TechCrunch. Anne Aloha Ward joined as COO of Upload, which runs co-working spaces in its LA and SF offices as well as… Read More

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Source: Upload exec tasked with turning things around at the troubled VR startup has already quit

Mobysoft Receives Investment from Livingbridge | #VentureCanvas

FinSMEs | FinSMEs


Mobysoft, a Manchester, UK-based predictive software for social housing providers, received an investment from Livingbridge’s Enterprise 2 fund. The amount of the deal was not disclosed. The company intends to use the funds to grow its UK social housing market share, increase investment in people and extend the use of predictive analytics into other areas […]

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Source: Mobysoft Receives Investment from Livingbridge

Upload exec tasked with turning things around at the troubled VR startup has already quit | #VentureCanvas

Lucas Matney | TechCrunch


 The executive tasked with building back community trust in Upload, the VR startup shaken by a sexual harassment lawsuit filed by a former employee earlier this summer, has quit less than six weeks after officially announcing she had joined the team as COO, multiple sources tell TechCrunch. Anne Aloha Ward joined as COO of Upload, which runs co-working spaces in its LA and SF offices as well as… Read More

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Source: Upload exec tasked with turning things around at the troubled VR startup has already quit

Citizens Rx Receives Senior Credit Facility from Comvest Partners | #VentureCanvas

FinSMEs | FinSMEs


Citizens Rx, LLC, an Oak Park, Illinois-based provider of pharmacy benefit management services, received a senior credit facility from Comvest Partners, through its Comvest Capital lending strategy. The amount of the deal was not disclosed. The company is using the proceeds to continue to expand operations. Founded in 2009, Citizens Rx provides public and private […]

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Source: Citizens Rx Receives Senior Credit Facility from Comvest Partners

LendingClub Adds Warehouse Credit Agreement to Finance Loans | #VentureCanvas

JD Alois | Crowdfund Insider


LendingClub (NYSE:LC) has filed an 8K with the Securities and Exchange Commission indicating it has entered into a Warehouse Credit Agreement on October 10th with “certain lenders.” In connection with the Warehouse Agreement, “LendingClub Warehouse” also entered into a Security Agreement with the Administrative Agent… Read More

The post LendingClub Adds Warehouse Credit Agreement to Finance Loans appeared first on Crowdfund Insider.

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Source: LendingClub Adds Warehouse Credit Agreement to Finance Loans

Mapping the blockchain project ecosystem | #VentureCanvas

Josh Nussbaum | TechCrunch


 It’s easy to miss the forest for the trees without a comprehensive view of what the proverbial forest looks like. As a result, here’s a compiled a list of all of the decentralized blockchain-based projects that I have been following, and was able to dig up through research, along with recommendations from friends in the ecosystem. Read More

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Source: Mapping the blockchain project ecosystem

Snappy Kraken Raises $1M Series A Funding | #VentureCanvas

FinSMEs | FinSMEs


Snappy Kraken, an Ormond beach, FL-based martech company, raised a $1m Series A funding. Backers were not disclosed. The company is using the funds for business development and growth. Led by CEO and co-founder Robert Sofia, Snappy Kraken provides a SaaS based platform for financial professionals to personalize, automate, and track marketing campaigns and business […]

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Source: Snappy Kraken Raises $1M Series A Funding

Netflix’s original content costs are ballooning | #VentureCanvas

Matthew Lynley | TechCrunch


 Netflix today once again showed that its subscriber growth is on a tear — especially its growth internationally — but a note in the report may indicate one of the biggest challenges the company faces going forward. Netflix took home 20 Emmy awards this year, and that’s thanks to its enormous investments in original content. Shows like “Stranger Things,”… Read More

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Source: Netflix’s original content costs are ballooning

Alphabet’s Project Wing now delivers burritos by drone in southeastern Australia | #VentureCanvas

Frederic Lardinois | TechCrunch


 It’s been a while since we last heard from Project Wing, X‘s moonshot drone delivery project. But after a few fallow months, the team posted an update today and it looks like the project has made quite some progress. Alphabet’s X unit is now testing the Project Wing drones in southeastern Australia, where its flying machines are making deliveries right to people’s… Read More

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Source: Alphabet’s Project Wing now delivers burritos by drone in southeastern Australia

Catalyst Development Receives Investment from Livingbridge | #VentureCanvas

FinSMEs | FinSMEs


Catalyst Development, a London, UK-based specialist financial markets consultancy, received an investment from Livingbridge’s Livingbridge’s Enterprise 2 fund. The amount of the deal was not disclosed. The company intends to use the funds to accelerate its service development, strengthen its infrastructure, and expand its talent development and acquisition strategy. Founded in 1994 and led by […]

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Source: Catalyst Development Receives Investment from Livingbridge

IPO Roundup for October 16, 2017

IPO News Roundup For The Day

News on Initial Public Offerings, startups, entrepreneurship, and funding found around the web, curated for you from various sources. Happy reading!


Various IPO News

  • Recent ipos in pakistan
    on 2017-10-15 at 14:25Securities and Exchange Commission of Pakistan · Home · Investors . 1: Listing of IPOs 1992-2012… In Pakistan IPO has increased due to … […]

  • China Dominates IPO News This Week
    on 2017-10-15 at 13:18There were four initial public offerings (IPOs) on the calendar last week and all four succeeded in gaining access to the public markets. The total … […]

  • National Life to further expand footprint after share sale
    on 2017-10-15 at 13:18Muscat: National Life and General Insurance (NLGIC), which is floating its OMR21 million initial public offering (IPO) on October 22, plans to … […]

  • 2 Terrible IPOs of 2017
    on 2017-10-15 at 12:11But despite Wall Street’s seemingly endless party, the post-IPO world has been anything but a celebration for Snap Inc. (NYSE: SNAP) and Blue Apron … […]

  • Inplay Oil Corp (IPO) Price Target Cut to C$2.25
    on 2017-10-15 at 11:26Inplay Oil Corp logo Inplay Oil Corp (TSE:IPO) had its price target cut by equities research analysts at Canaccord Genuity from C$2.50 to C$2.25 in a … […]

EIN Newsdesk IPOs

  • Godrej Agrovet stock pares listing gains but still up 28% on debut after stellar IPO
    on 2017-10-16 at 08:11… the company’s recently concluded IPO saw overwhelming response from investors […]

  • Do You Have News to Share? Get It Published.
    on 2017-10-16 at 08:11With EIN Presswire press release distribution services you will reach decision makers and journalists plus get valuable SEO benefits. […]

  • Funko Files for IPO
    on 2017-10-16 at 06:35… registration statement for a proposed initial public offering of Class A common stock … , has been prepping for an IPO or sales to a strategic … (see “Funko Prepping for Possible IPO or Sale”).  It’s bulked […]

  • All IPOs are not profitable; look before you leap into IPOs
    on 2017-10-16 at 05:41… .com. The company, whose initial public offering, or IPO, in September mopped up nearly … , especially the IPOs. This is one reason why IPO valuations have been … retail investors respond? Not all IPOs have been a profitable proposition […]

  • Saudi Aramco IPO logic is going up in smoke
    on 2017-10-16 at 05:30… logic for a $100 billion initial public offering of oil giant Saudi Aramco … , the Saudi oil company’s IPO always seemed a stretch.  While … value. Shelving Aramco’s IPO would be a blessing in […]

DealStreet Asia IPO

Seeking Alpha IPO Analysis

PE Hub IPO (US)

  • Saudi Aramco in talks to shelve international IPO: FT
    by Reuters News on 2017-10-13 at 18:22Saudi Aramco is considering shelving plans for an international public offering in favor of a private share sale to world sovereign funds and institutional investors, the Financial Times reported, citing people familiar with the matter. […]

  • VC-backed OptiNose debuts IPO
    by Iris Dorbian on 2017-10-13 at 14:34Yardley, Pennsylvania-based OptiNose, a developer of ear, nose, throat and allergy products, has raised $120 million for its IPO after pricing its 7.5 million shares at $16 per share. The stock began trading October 13, 2017 on the NASDAQ under the ticker symbol “OPTN.” Jefferies and Piper Jaffray are the lead underwriters. OptiNose’s backers include Avista Capital Partners, WFD Ventures and […]

  • British debt collector Cabot to launch 1 bln stg IPO next week, says source: Reuters
    by Reuters News on 2017-10-13 at 14:22Cabot Credit Management, Britain’s biggest debt collector, is set to launch a 1 billion pound ($1.3 billion) stock market float next week after a delay last month to revamp its board, a source told Reuters. […]

  • VC-backed Restoration Robotics goes public
    by Iris Dorbian on 2017-10-12 at 15:02Restoration Robotics, a medical device company focused on hair restoration, has debuted its IPO after pricing its 3.575 million shares at $7 per share. The stock began trading October 12, 2017 on the NASDAQ under the ticker symbol “HAIR.” National Securities Corp is the lead underwriter. Restoration Robotics’ pre-IPO backers included Clarus Ventures. Sutter Hill Ventures, Alloy Ventures and […]

  • CarGurus IPO priced at $16 per share: Reuters
    by Reuters News on 2017-10-12 at 14:23CarGurus Inc (CARG.O), an online marketplace for new and used cars, raised about $150.4 million from its initial public offering priced at $16 per share. […]

PE Hub IPO (Canada)

  • Bregal Partners’ Aqua Terra files to go public in Canada
    by Kirk Falconer on 2017-10-10 at 14:33AQTWM Inc, or Aqua Terra Water Management LP, has filed a preliminary prospectus with domestic securities regulatory authorities for an initial public offering of its common shares. The IPO, which has not yet been priced, will be made through a syndicate of underwriters co-led by TD Securities Inc, Canaccord Genuity Corp and RBC Capital Markets Inc. Aqua Terra was […]

  • CCMP may cash out of Jamieson with new $241 mln offering
    by Kirk Falconer on 2017-10-04 at 15:47U.S. private equity firm CCMP Capital Advisors and another Jamieson Wellness Inc shareholder have increased the size of their secondary offering of shares. They plan to offer about 13 million shares at a price of 18.50 per unit, generating about $240.9 million in gross proceeds, not including the greenshoe option. That is up from a prior target of about $150.2 million. CCMP, […]

  • CCMP to reduce Jamieson stake in $150 mln secondary sale
    by Kirk Falconer on 2017-10-02 at 22:57U.S. private equity firm CCMP Capital Advisors has agreed to sell additional common shares of Jamieson Wellness Inc (TSX: JWEL), a Canadian vitamin maker that went public in July. CCMP will sell 8.1 million shares for 18.50 per unit. Together with a concurrent secondary sale, the gross proceeds will be about $150.2 million, not including the offering’s greenshoe option. CCMP, which […]

  • Searchlight’s Roots seeks to raise $200 mln from IPO: Reuters
    by Reuters News on 2017-10-02 at 18:16Canadian apparel company Roots Corp has set a price range of $14 to $16 per share for its planned Toronto initial public offering, seeking to raise about $200 million, according to a term sheet of the deal seen by Reuters. Roots, known for its trademark beaver logo, rustic casual wear and Canadian-made leather goods, is expected to price the IPO in the week of October 16. But investors hoping for […]

  • Bain Capital, Beaudier, CDPQ to sell $498.5 mln in BDP shares
    by Kirk Falconer on 2017-09-28 at 21:28Beaudier Inc, U.S. private equity firm Bain Capital and Caisse de dépôt et placement du Québec (CDPQ) have agreed to sell as much as 11.5 million subordinate voting shares of BRP Inc (TSX: DOO), a Valcourt, Québec-based maker of powersports vehicles and propulsion systems. The secondary deal, priced at $43.35 per share, will generate proceeds to […]

Global Capital – IPO

  • Vincom kicks off roadshow for $678m IPO
    on 2017-10-16 at 06:15Vincom Retail has started taking orders for what a D15.4tr ($677.9m) IPO, a mammoth deal by the standards of Vietnam’s domestic equity market. […]

  • Crystal, China Literature take HK spotlight for IPOs
    on 2017-10-16 at 05:45Crystal International Group intends to start taking orders for its $574m Hong Kong IPO on Tuesday at a valuation of up to 15 times earnings, according to bankers close to the matter. […]

  • Piramal markets CBs, GIC Re in the clear
    on 2017-10-13 at 11:15India’s Piramal Enterprises is in the market with an unusual sale of mandatory convertible bonds through a qualified institutional placement, part of a fundraising drive to that could fetch up to Rp70bn ($1.1bn). […]

  • Sea IPO gets $100m commitment from Tencent
    on 2017-10-13 at 05:15Sea said its backer Tencent Holdings, the Chinese technology giant, will take up a $100m portion of the southeast Asian e-sports company’s $696m IPO in the US. […]

  • Power producer ContourGlobal starts $400m London IPO
    on 2017-10-12 at 17:00Yet another new London IPO was unveiled on Thursday, when ContourGlobal, the emerging markets-focused power generation company, said it would raise $400m to finance growth and cut debt, by selling new shares to institutional investors. […]

The Economic Times IPO (India)

Business Standard IPOs


Traction on Demand, Axonify among GPTW’s best workplaces in tech list | #VentureCanvas

Aeman Ansari | Beta Kit


Great Place To Work, a company that recognizes the world’s best workplaces, announced its 2017 list of Canada’s Best Workplaces in Technology.

A few of the companies mentioned in the recently released list include Burnaby-based Traction On Demand, Waterloo-based Axonify, Toronto-based Wave, and Toronto-based BlueCat, which wassold to a US private equity company earlier this year for $400 million.

GPTW outlined key attributes that they found in the companies on this year’s list, including strong employee communication, caring for employees, and empowering employees to do good work.

“The digital revolution is redefining not only how we work, but who our competitors are. The ‘tech sector’ no longer exists. We are all tech firms.”

“Each of the organizations named on our Best Workplaces in Technology list has been successful in creating a high-trust culture that supports employees and empowers them bring their best to work, driving superior results for the whole organization,” the GPTW report reads. “Over 95 percent of employees at these winning organizations agree their workplace is great and 93% are willing to give extra to get the job done. And the proof is in the pudding – these same organizations collectively averaged 40 percent growth last year.”

GPTW compiles these lists based on feedback from more than 300,000 employees working in GPTW-certified organizations across Canada. Employees are asked to complete an anonymous Trust Index survey, which includes questions about transparency of communication, degree of collaboration, quality of benefits programs, opportunity for professional development, and support for work-life balance. For the organization to become GPTW certified, 70 percent of the feedback has to be positive.

Along with the list, GPTW also showcased a recent study conducted by Paris-based Capgemini Group that identified outdated company culture as the number one barrier to digital transformation. “Regardless of industry, the digital revolution is redefining not only how we work, but who our competitors are. Some experts are now musing that the ‘tech sector’ no longer exists,” GPTW said. “We are all tech firms, and companies that are slow to accept this new reality will find themselves in the crosshairs of disruptive startups or shareholders who will force the issue.”

This year’s list — and the ongoing work at GPTW — attempts to take a closer look at what’s working in tech companies in Canada and around the world, and how these strategies can encourage digital transformation in all organizations and all industries.

See the full list here.

Photo via Axonify

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Source: Traction on Demand, Axonify among GPTW’s best workplaces in tech list

Moving Inventory: Funding To Auto Commerce Companies Continues To Soar | #VentureCanvas

Alyce Ge | CBInsights


The hype surrounding autonomous driving is reaching mainstream consciousness, while OEMs have been exploring new car ownership models in light of explosive growth in ride-hailing services.

However, despite these trends — and despite used car marketplace Beepi’s very public failure earlier this year — deals and funding in the traditional auto commerce sector are still making a strong showing. CarGurus‘ strong IPO highlighted companies working with the existing retail ecosystem, and we’ve also explored a few of these startups previously with our compare companies tool.

Deals to vehicle sales, financing, and leasing startups in 2017 have already exceeded total deal activity last year, while funding is also on track to exceed 2016 levels — in part due to the rise of car sales platforms abroad.

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Source: Moving Inventory: Funding To Auto Commerce Companies Continues To Soar

 

Netflix crushes its own expectations for subscription growth again | #VentureCanvas

Matthew Lynley | TechCrunch


Reed Hastings Netflix is still on its rounded-up-to-pretty-great run as it continues to add more and more subscribers, and once again is outstripping its own estimates for growth. Today the company said it added 5.3 million new total subscribers, with 850,000 coming in the U.S. and 4.45 million coming from international markets. Netflix is spending very aggressively on original content, and so far it looks… Read More

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Source: Netflix crushes its own expectations for subscription growth again

Facebook acquires anonymous teen compliment app tbh, will let it run | #VentureCanvas

Josh Constine | TechCrunch Startups


 Facebook wants tbh to be its next Instagram. Today, Facebook announced it’s acquiring positivity-focused polling startup tbh and will allow it to operate somewhat independently as it’s done with Instagram and WhatsApp. tbh had scored 5 million downloads and 4 million daily active users in the past 9 weeks with its app that lets people anonymously answer kind-hearted… Read More

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Source: Facebook acquires anonymous teen compliment app tbh, will let it run

Tatcha Receives Minority Investment from Castanea Partners | #VentureCanvas

FinSMEs | FinSMEs


Tatcha, a luxury skincare brand, received a minority investment from Castanea Partners. The financial terms of the deal were not disclosed. In conjunction with the funding, Castanea’s Janet Gurwitch and Steve Berg will be joining Tatcha’s board of directors. In conjunction with the funding, Steve Berg, a Managing Partner at Castanea, and Janet Gurwitch, Operating […]

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Source: Tatcha Receives Minority Investment from Castanea Partners

Facebook acquires anonymous teen compliment app tbh, will let it run | #VentureCanvas

Josh Constine | TechCrunch


 Facebook wants tbh to be its next Instagram. Today, Facebook announced it’s acquiring positivity-focused polling startup tbh and will allow it to operate somewhat independently as it’s done with Instagram and WhatsApp. tbh had scored 5 million downloads and 4 million daily active users in the past 9 weeks with its app that lets people anonymously answer kind-hearted… Read More

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Source: Facebook acquires anonymous teen compliment app tbh, will let it run

Google revamps its Security Checkup feature with personalized suggestions for your account | #VentureCanvas

Sarah Perez | TechCrunch


 Google today is rolling out a revamped version of its longtime Security Checkup feature – a service that helps users make sure their Google accounts are safe by checking those items that could impact your account’s security. This includes connected apps, connected devices, account permissions and other things. Now, Security Checkup will be improved by offering more personalized… Read More

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Source: Google revamps its Security Checkup feature with personalized suggestions for your account