Slack ends first day of trading worth nearly $20 billion

2019-06-20

Slack Technologies Inc. ended its first day on Wall Street worth nearly $20 billion, after the creator of a popular workplace-chat tool made its public debut via an unconventional route. The business-communications company began trading on the New York Stock Exchange in a direct listing, through which Slack WORK, +48.54%Read More →

Uber stock hit by executive shake-up a month after the IPO

2019-06-07

Shares of Uber Technologies Inc. fell more than 1% in the extended session Friday after Chief Executive Dara Khosrowshahi said in an email to employees the ride-hailing company’s chief operating officer and chief marketing officer are leaving. Khosrowshahi said in the email that he and COO Barney Harford had agreedRead More →

Slack non-IPO: 5 things to know about the direct listing

2019-05-20

Slack Technologies Inc. is looking for a better direct-listing fate than Spotify Technology SA. The music-streaming service reminded tech unicorns late last year that companies don’t have to issue new shares or raise money through a traditional offering if they wish to go public, and now Slack is following inRead More →

CrowdStrike IPO: 5 things to know about the cybersecurity unicorn

2019-05-14

CrowdStrike Holdings Inc. filed for its long-awaited initial public offering Tuesday, joining a surge of 2019 tech IPOs by companies that have commanded huge valuations from private investors but have largely lacked cybersecurity offerings. The Sunnyvale, Calif.-based cybersecurity company said in a filing with the Securities and Exchange Commission thatRead More →

Tesla looks to make major changes to board amid SEC fight

2019-04-19

As Tesla Inc. discusses potential ramifications for Chief Executive Elon Musk’s actions with the Securities and Exchange Commission, it disclosed a dramatic change to its board of directors late on Good Friday. In a proxy filing with the SEC, Tesla TSLA, +0.75%  said that four independent directors will step down.Read More →

Uber IPO has 4 big red flags that should alarm you

2019-04-13

Uber Technologies dropped its offering prospectus late Thursday as it prepares for an initial public offering in May. The one number it hopes potential investors will notice is revenue growth, which was up 42% last year to $11.3 billion from $7.9 billion in 2017. That’s probably enough for the growth-at-any-priceRead More →

PagerDuty IPO: 5 things to know about the DevOps company

2019-04-09

PagerDuty Inc. late Tuesday hiked the pricing range of its coming initial public offering, signaling heightened demand for its shares as it joins the stampede of IPOs from tech startups expected this year. In a Securities and Exchange Commission filing, PagerDuty PD, +0.00%  raised the expected pricing for its IPORead More →

Tesla stock roiled by ‘ugly’ delivery numbers

2019-04-04

Tesla Inc. shares fell more than 8% on Thursday as Wall Street analysts used some choice words to describe their dismay at the car maker selling fewer-than-expected vehicles in the first quarter. “Ugly,” ”weak” and “disappointing” featured in initial notes, as the miss fueled renewed doubts about Tesla’s future profitability,Read More →