Uber May Be Going Public Soon As Tech Giant Reportedly Seeks $1B Credit Line
SAN FRANCISCO (CBS SF) — Uber is reportedly making financial moves that signal an eventual public offering of the ridesharing company. Uber has been contacting banks in an effort to lock down a $1...
View ArticleUber Marks 5th Anniversary, CEO Does Not Address IPO Speculation
http://media.sanfrancisco.cbslocal.com/CBSSF_0306201518415794389AA.mp4 SAN FRANCISCO (CBS SF) – Five years after launching their revolutionary ridesharing app, Uber CEO Travis Kalanick hailed the...
View ArticleFitbit Shares Rocket In NYSE Debut After Pricing IPO At $20
SAN FRANCISCO (AP) — Fitbit flexed some muscle Thursday and its shares rocketed 50 percent higher in the first day of trading for the fitness tracking gear maker. Fitbit’s (FIT) initial public offering...
View ArticleFitbit Winning New Fans; Stock Doubles Following June IPO
SAN FRANCISCO (CBS) – Fitbit’s (FIT) bandwagon is continuing to grow. A research note from Baird says sales estimates could be on the conservative side, and the analyst expects strong momentum to...
View ArticleSquare Boosts Expected IPO Value Up 47% In Dicey Market
NEW YORK (CBS/AP) — Square, the six-year-old company known for its white, cube-shaped card readers that plug into smartphones, is boosting its planned initial public offering value by 47 percent in...
View ArticleSquare Boosts Expected IPO Value By 47 Percent In Rocky Market
NEW YORK (CBS / AP) — Square, the six-year-old company known for its white, cube-shaped credit and debit card readers that plug into smartphones, is boosting its planned initial public offering value...
View ArticleSquare Discounts Stock To $9 A Share To Complete IPO
SAN FRANCISCO (AP) — Mobile payments processor Square had to sell its stock at a deep discount to complete its initial public offering, a concession signaling that investors are becoming wary of...
View ArticleSquare Stock Soars 45 Percent In 1st Day Of Trading
SAN FRANCISCO (CBS / AP) — Square bounced back in its stock market debut Thursday after the once-hot mobile payments service slashed the price of its initial public offering to get the deal done. The...
View ArticleSan Francisco-Based Twilio Shares Soar In Stock Market Debut
NEW YORK (AP) — Twilio shares nearly doubled in their first day of trading Thursday, after the technology company raised $150 million in its initial public offering. The San Francisco company makes...
View ArticleSnapchat Parent Company Values Itself At $22 Billion Before IPO
NEW YORK (AP) — The parent company of the social network Snapchat is valuing itself at up to $22 billion as it prepares for the tech industry’s biggest initial public offering in years. Snap Inc. said...
View ArticleSnap Prices IPO At $17 A Share, Valuing It At $24 Billion
LOS ANGELES (AP) — For Snap Inc., a messaging company that started its official bid to go public last Halloween, the looming question now is whether investors are in for a trick or a treat. Snap passed...
View ArticleMountain View Private School Scores $23M Windfall With Snapchat Investment
MOUNTAIN VIEW (CBS SF) — Social media company Snapchat went public Thursday, and a private school in Mountain View have made upwards of $23 million thanks to an early investment. The company — which...
View ArticleSnapchat Parent Company Up 44% In Wall Street Debut
NEW YORK (AP) — The company behind Snapchat closed on a high note in its Wall Street debut, proof, at least for a day, that there’s investor demand for young but still unproven tech companies. Shares...
View ArticleSnapchat Parent Posts Huge Loss, Misses Expectations After IPO
NEW YORK (AP) — Snap, the company behind the Snapchat app popular with young people, says revenue grew sharply, but it had a large net loss related to its initial public offering of stock. The owner of...
View ArticleLos Gatos Video Streaming Player Pioneer Roku Seeks $100 Million in IPO
SAN FRANCISCO (AP) — Video streaming player pioneer Roku is going public, hoping to raise money to expand into more households and fend off competitive threats from bigger technology companies. Roku...
View ArticleLos Gatos-Based Roku Aims To Raise $252 Million With IPO
LOS GATOS (AP) — Video streaming pioneer Roku hopes to raise just over $252 million in an initial public offering as it tries to expand into more households. The Los Gatos, California, company on...
View ArticleLos Gatos-Based Roku Raises $219 Million In IPO
NEW YORK (AP) — Shares of Roku, an early player in streaming-video gadgets, soared Thursday after its initial public offering of stock raised $219 million. The shares priced at $14 each, the top of the...
View ArticleDropbox Wants To Raise $648 Million In Its IPO
CNN Money) — Dropbox wants to raise as much as $648 million when it debuts on the stock market. The cloud storage company is selling 36 million shares for between $16 and $18, according to a regulatory...
View ArticleShares of S.F.-Based Dropbox Surge on First Day of Trading
NEW YORK (AP) — Shares of the digital file storage company Dropbox soared Friday in their stock market debut. The stock rose $7.48, or 35.6 percent, to close Friday at $28.48 in its first day of...
View ArticleLevi Strauss Plans To Raise Up To $587M In IPO
SAN FRANCISCO (CBS SF / AP) — Levi Strauss plans to raise up to $587 million in an initial public offering of company shares. The San Francisco company said Monday that it’s offering approximately 9.5...
View ArticleSeries Of Major Tech IPO’s Could Make San Francisco House Prices Skyrocket
SAN FRANCISCO (KPIX 5) — Bay Area residents concerned about home prices in the region being out of control should fasten their seat belts as a number of major San Francisco tech IPO’s could send...
View ArticleLevi Strauss & Co. Prepares For 2nd IPO; Set To Start Trading At $17/Share
NEW YORK (AP) — San Francisco-born Levi Strauss & Co., which gave America its first pair of blue jeans, is going public for the second time. The 166-year-old company, which owns the Dockers and...
View ArticlePinterest Files To Go Public Amid Busy Season For Tech IPOs
SAN FRANCISCO (CBS SF / AP) — Digital scrapbooking site Pinterest on Friday filed for an initial public offering of stock. It follows a similar filing with securities regulators earlier this month by...
View ArticleLyft Prepares for IPO As Drivers Protest Falling Wages
SAN FRANCISCO (KPIX 5) — Lyft is drumming up investor money for a $25 billion IPO as drivers struggling to get by protest falling wages in San Francisco, Los Angeles and San Diego. Al Aloudi has been...
View ArticleLyft Set To Become Latest Tech Company To Nearly Eliminate Shareholder Power
SAN FRANCISCO (CBS SF) — Members of the public who buy shares of Lyft after the company’s initial public offering on Friday will find they have little or no voting power. The company’s co-founders are...
View ArticleLyft IPO: Shares Soar In Early Trading, Settle With 8.74 Percent Gain
SAN FRANCISCO (CBS SF/AP) — San Francisco-based ride-hailing giant Lyft launched its initial public offering of shares Friday with values soaring over 20 percent in early trading on Wall Street. Priced...
View ArticleLyft IPO Prompts San Francisco Supervisor To Raise Caution On Wealth...
SAN FRANCISCO (CBS SF) — The successful initial public offering for San Francisco-based ride-hailing service Lyft is prompting concern among city leaders over increasing wealth disparity and the IPO’s...
View ArticleBig IPOs Add Even More Pressure To Red-Hot Bay Area Housing Market
SAN FRANCISCO (KPIX 5) — Is the San Francisco IPO millionaire land rush over-hyped? Not if you talk with local high-end real estate agents. Uber is expected to make its IPO filing public Thursday and...
View ArticleUber Files To Go Public In Highly-Anticipated IPO
SAN FRANCISCO (CBS SF / CNN) — Two years ago, Uber was nearly derailed by allegations of sexism and harassment, a damning investigation into its workplace culture and the exodus of nearly all of its...
View ArticleSan Francisco Officials Eye Impact Of Tech IPO Cash On Real Estate Market
SAN FRANCISCO (KPIX 5) — With the volume of Bay Area tech IPOs happening this year, San Francisco city officials are trying to crunch the numbers to analyze the impact the influx of cash will have on...
View ArticleUber Plans To Sell 180 Million Shares For Between $44 And $50 In IPO
SAN FRANCISCO (AP) – Ride-hailing giant Uber is planning to sell 180 million shares for between $44 and $50 per share, in a sign of caution. That would raise up to $9 billion for the San...
View ArticleSF Real Estate Market In State Of Uncertainty Due To IPO Anticipation, Market...
SAN FRANCISCO (KPIX) – Two real estate headlines have sparked conversation in and around San Francisco City Hall. One about how tech IPOs will drive prices through the roof, the other about a slowdown...
View ArticleReport: Uber Bars Ex-CEO Travis Kalanick From NYSE IPO Bell-Ringing
Uber's CEO is barring his predecessor from taking part in the opening-bell ceremony at the New York Stock Exchange next week.
View ArticleState Lawmakers Eye Billion-Dollar Tax Windfall From New IPOs
SACRAMENTO (AP) — Uber and Airbnb are among at least six California-based companies valued at more than $1 billion expected to go public this year, creating a new class of millionaires and billionaires...
View ArticleLyft Posts Strong Growth, Big Losses In First Public Quarter
NEW YORK (AP) — Lyft is reporting strong revenue growth but substantial losses in its first quarterly earnings report since its rocky stock market debut. The ride-hailing company posted revenue of $776...
View ArticleUber Sets Share Price At $45 Ahead Of IPO, Reaches Agreement With Drivers
SAN FRANCISCO (AP) – Uber has reached settlements with some drivers who said they should have been classified as employees instead of independent contractors. The settlement agreement was announced...
View ArticleDelivery Giant DoorDash Takes Step Toward Public Offering
SAN FRANCISCO (AP) — Bay Area food delivery giant DoorDash has taken a first formal step toward a stock market debut. The San Francisco-based company said Thursday that it had filed paperwork with the...
View ArticleOwner Of Peet’s Coffee Presses Ahead With $2 Billion IPO
EMERYVILLE (CBS SF / CNN) — JDE Peet’s, the owner of Bay Area-based Peet’s Coffee, is pressing ahead with plans to raise as much as $2.2 billion in what could be Europe’s biggest IPO this year, despite...
View ArticleAirbnb IPO: Shares More Than Double In Price In Long-Awaited Debut, Close At...
SAN FRANCISCO (CBS / AP) — Airbnb, the San Francisco-based home sharing company, made a triumphant debut on the public market Thursday. Its shares closed at $144.71 apiece, more than double the $68...
View ArticleRobinhood’s Stock Debut Marked with Tumble, Sharp Swings
NEW YORK (AP) — Wall Street gave Robinhood a cool reception Thursday in the online broker’s debut in the stock market that it helped reshape by bringing millions of new investors. Shares of Robinhood...
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