#direct-listing

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www.nytimes.com
1 year ago
Tech industry

Stripe Hires Investment Banks to Explore Public Listing

SAN FRANCISCO Stripe, the San Francisco payments provider and one of the world's most valuable private start-ups, hired Goldman Sachs and JPMorgan Chase this week to advise it on a potential public listing in the next year, two people with knowledge of the matter said.If a listing moves forward, Stripe's public debut would be among the largest and most anticipated in its class of start-ups, potentially reopening the moribund public markets to new offerings.
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Washington Post
1 year ago
Business

Analysis | Palantir Failed to Spot Pattern in SPAC Debacle

Palantir Technologies Inc.'s raison d'etre is identifying patterns hidden within mountains of data.Yet somehow it didn't spot the risks in its own investment strategy or the danger that startups might not be able to pay their bills.Palantir's losses from a portfolio of businesses that went public via special purpose acquisition companies, show the dangers of correlated stock investments and an unsustainable growth strategy.
Washington Post
1 year ago
Business

Analysis | These Banks Were Left Holding the Bag in Crypto Implosion

PARIS, FRANCE - FEBRUARY 26: In this photo illustration, the Coinbase cryptocurrency exchange logo (C) is seen on the screen of an iPhone on February 26, 2021 in Paris, France.Cryptocurrency trading platform Coinbase has filed for registration with the SEC on Thursday for an IPO via direct listing on the Nasdaq and will likely be the largest IPO of the year.
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