#IPO

#IPO

Blockchain lender Figure Technology is the latest crypto company to go public. On Thursday, Figure debuted on the Nasdaq after raising $787.5 million in its IPO. The company's shares listed at $25 but soared almost 30% to trade at $32 Thursday afternoon. That means the company, whose ticker is FIGR, is trading at about a $6 billion valuation. Founded in 2018, Figure's business centers around putting mortgages on the blockchain, which the company says speeds up the granting and funding of home loans.

Next week, the sector is expected to add one more public company: the cloud cybersecurity platform Netskope. The 13-year-old startup also shares its earliest and largest investor with Rubrik: Lightspeed Venture Partners. The large Silicon Valley firm had a 23.9% ownership of Rubrik when it went public at $6.6 billion last year. In the case of Netskope, Lightspeed owns 19.3% of the company that aims to achieve a valuation of as much as $6.5 billion, according to the updated S1 filing.

Databricks sees revenue increase by more than 50 percent thanks to explosive demand for AI products. In the second quarter, Databricks achieved a revenue run rate of $4 billion (€3.4 billion). Databricks is aiming for a net revenue retention rate of over 140 percent. More than 650 customers spend over $1 million annually on its solutions. The company has generated positive free cash flow over the past 12 months.

Lambda Inc., a cloud infrastructure firm, is negotiating a funding round that could value it at $4 billion to $5 billion ahead of a potential IPO.

Bullish, backed by Peter Thiel, made a stellar debut, raising up to $629 million with an initial valuation of $4.2 billion, and secured an 83% surge on its IPO.

Firefly Aerospace Inc. is a space and defense technology company based in Cedar Park, Texas, specializing in space launch and landing capabilities, including small- to medium-lift launch vehicles and lunar landers.

Black Rock Coffee Bar has confidentially filed for an initial public offering in New York, targeting a valuation exceeding $1 billion. This will mark the first IPO from a U.S. coffee company since 2022.

The IPO of NIQ raised $1.05 billion, crucial for reducing its $4.3 billion debt, with CEO Jim Peck emphasizing the importance of capital over brand awareness.

On July 16, Via Transportation announced it has confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC), initiating the process for a proposed IPO.

Figure Technology Solutions is aiming to go public in the fall, targeting a capital raise of between $5 billion to $10 billion after past challenges.

Few digital platforms have the technology infrastructure, product-market alignment, and innovation velocity required to serve this demographic effectively and profitably, and we think Chime is one of them.

Slide Insurance Holdings is set to make its public debut on the Nasdaq at $17 per share, showing strong growth in the competitive insurance market.

John Textor's decision to list Eagle Football for an IPO raises eyebrows amidst his efforts to sell Crystal Palace and uncertainty regarding UEFA regulations.