Since first announcing it was planting a stake in the ground in the region in early 2019, SoftBank — from its own balance sheet, it says — has plugged more than $5 billion into the region, and it expects that number to top $8 billion by year’s end.
India’s Oyo to file for $1 billion IPO
Indian budget hotel chain startup Oyo is looking to file for an initial public offering as soon as next week, people familiar with the matter told TechCrunch, joining a handful of firms in the world’s second-largest market that are working to explore the public markets. The seven-year-old startup, founded by 27-year-old Ritesh Agarwal, is planning […]
Freshworks’ valuation could crest $10B in upcoming IPO
Freshworks now expects to charge between $32 and $34 per share in its debut, up from the $28 to $32 per-share range that it initially disclosed.
Toast raises IPO price range, providing a Monday bump to fintech valuations
Toast will have to post pretty damn strong growth numbers for it to keep its multiple up. But the market appears willing to take that risk.
Inside GitLab’s IPO filing
While the technology and business world worked towards the weekend, DevOps firm GitLab filed to go public. So we need to pause, digest the company’s S-1 filing, and come to some early conclusions.
Gingko Bioworks, valued at $15B, begins trading today: Here’s how their business works
Gingko Bioworks, a synthetic biology company now valued at around $15 billion, begins trading on the New York Stock Exchange today. Gingko’s market debut is one of the largest in biotech history. It’s expected to raise about $1.6 billion for the company. It’s also one of the biggest SPAC deals done to date — Gingko […]
Swedish caller-identification service Truecaller seeks to raise over $100 million in IPO
Truecaller, which operates an eponymous caller-identification service, said on Wednesday it is looking to raise $116 million in an initial public offering on Nasdaq Stockholm. The 12-year-old Stockholm-headquartered firm, which counts India as its biggest market by users, is aiming for a valuation of about $3 billion in the IPO, according to earlier local media […]
Rivian vehicles are now ready for sale in all 50 states, following key certifications
Rivian vehicles have received certifications from three agencies, the final hurdle that allows the electric automaker to sell and deliver its R1T pickup truck and R1S SUV in all 50 U.S. states. Rivian confirmed to TechCrunch in an email that the vehicles are fully certified by the National Highway Traffic Safety Administration, the Environmental Protection […]
Casper cuts its CMO, CTO and COO amid further layoffs
Casper has laid off dozens of employees, including three C-Level executives: its chief marketing officer, chief technology officer and chief operating officer, sources say. The mattress company declined to comment. The round of layoffs, communicated to employees on Friday, largely impacted retail and operations teams, signaling that the business may be undergoing a broader restructuring. […]
What to make of Freshworks’ first IPO price range
It appears that Freshworks is pretty reasonably priced in its current range.