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Revisiting Jumia’s JForce scandal and Citron’s short-sell claims

Revisiting Jumia’s JForce scandal and Citron’s short-sell claims In advance of Jumia’s November financial reporting, it’s worth revisiting the company’s second quarter results, the downside of which included some negative news beyond losses. The Africa focused e-commerce company — with online verticals in 14 countries — did post second-quarter revenue growth of […]

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Why we’re still waiting on the Postmates S-1

Why we’re still waiting on the Postmates S-1 In a wide-ranging conversation at TechCrunch Disrupt San Francisco last week, Postmates co-founder and chief executive officer Bastian Lehmann made light of the company’s lack of IPO documents. The San Francisco-based on-demand delivery business was expected to publicly file its IPO prospectus in September […]

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Africa’s top mobile phone seller Transsion lists in Chinese IPO

Africa’s top mobile phone seller Transsion lists in Chinese IPO Chinese mobile-phone and device maker Transsion has listed in an IPO on Shanghai’s STAR Market, a Transsion spokesperson confirmed to TechCrunch.  Headquartered in Shenzhen, Transsion is a top-seller of smartphones in Africa under its Tecno brand. The company has also started to support […]

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‘We are seeing volume and interest in Peloton explode,’ says company president on listing day

‘We are seeing volume and interest in Peloton explode,’ says company president on listing day This morning, Peloton (NASDAQ: PTON), the tech-enabled stationary bicycle and fitness content streaming company, raised $1.2 billion in its NASDAQ initial public offering. Despite dropping more than 10% in its first day of trading — ultimately closing […]

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We Company reportedly mulls slashing its valuation ahead of its initial public offering

We Company reportedly mulls slashing its valuation ahead of its initial public offering The Wall Street Journal is reporting that the company formerly known as WeWork is considering slashing its valuation as it looks to woo public market investors. The company is reportedly considering a valuation of somewhere in the $20 billion range […]

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WeWork reveals IPO filing

WeWork reveals IPO filing WeWork, now known as The We Company, released its IPO prospectus Wednesday morning months after filing confidentially to go public. The company indicated plans to raise $1 billion in what is likely a placeholder amount. Backed by billions from SoftBank and its mammoth Vision Fund, the highly-anticipated float […]

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Africa’s top mobile phone seller Transsion to list in Chinese IPO

Africa’s top mobile phone seller Transsion to list in Chinese IPO Chinese mobile-phone and device maker Transsion will list in an IPO on Shanghai’s STAR Market,  Transsion confirmed to TechCrunch.  The company—which has a robust Africa sales network—could raise up to 3 billion yuan (or $426 million). “The company’s listing-related work is […]

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Snap looks to raise $1 billion in private debt offering

Snap looks to raise billion in private debt offering Snap, the parent company of Snapchat, is looking to add some cash to its coffers via a new proposed private offering of $1 billion in convertible senior notes, with a due date for maturation of August 1, 2026. The debt offering will be […]

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WeWork accelerates IPO plans, plots September listing

WeWork accelerates IPO plans, plots September listing WeWork chief executive officer Adam Neumann is already rich, but soon all of the early employees and investors of the co-working giant will be too. The business, now known as The We Company, has accelerated its plans to go public, according to a new report […]

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Medallia stock up 76% following first day trading on the NYSE

Medallia stock up 76% following first day trading on the NYSE Customer experience management platform Medallia (NYSE: MDLA) rose more than 70% in its New York Stock Exchange debut Friday. The nearly two-decades-old business priced its shares at $21 apiece, the top of its proposed range, Thursday evening and traded as high […]

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