Tag: Initial Public Offerings

WeWork Takes Key Step Toward I.P.O., Citing Heady Growth and Huge Losses

WeWork, a real estate firm that leases shared office space, on Wednesday officially set in motion the process of becoming a publicly traded company by filing a financial prospectus with regulators. The offering by the company, which is led by a brash Israeli entrepreneur and backed by money from Saudi Arabia, will be a major […]

Read More

Saudi Aramco Reports $47 Billion Earnings in First Half of 2019

Saudi Aramco reported Monday that the company earned $47 billion in the first half of 2019. The earnings report was a first in the secretive company’s long history and reflected a challenging market: The company said the profits represented a decline from $53 billion in the period a year earlier, when oil prices were higher. […]

Read More

Uber Posts $5.2 Billion Loss and Slowest Ever Growth Rate

SAN FRANCISCO — Uber set two dubious quarterly records on Thursday as it reported its results: its largest-ever loss, exceeding $5 billion, and its slowest-ever revenue growth. The double whammy immediately renewed questions about the prospects for the company, the world’s biggest ride-hailing business. Uber has been dogged by concerns about sluggish sales and whether […]

Read More

The RealReal I.P.O.: Secondhand Fashion Goes Mainstream

It’s never been easier to shop another woman’s closet. Since the recession, there has been a boom in online marketplaces that let shoppers buy and sell all manner of used clothing and accessories, from Louis Vuitton handbags to Old Navy sweaters. Sites like the RealReal, Poshmark and ThredUp are betting this budding business, which some […]

Read More

A Unicorn Lost in the Valley, Evernote Blows Up the ‘Fail Fast’ Gospel

Smiling cryptically, Ian Small, the chief executive of Evernote, handed me some socks. Nice ones: black in the calf, striped in the foot, with matching pops of sky blue at the toe, heel and welt. The knit was Japanese, dense and springy, and contained 1 percent polyurethane. Marketing language described them, insanely, as “smart covers […]

Read More

Slack Stock Soars, Putting Company’s Public Value at $23.1 Billion

SAN FRANCISCO — Slack shares soared on Thursday in early trading on the stock market, in a sign that Wall Street remains tantalized by fast-growing young technology firms even after the recent lackluster public offerings of larger companies like Uber. The workplace collaboration company’s shares began trading at $38.50 on the New York Stock Exchange, […]

Read More

Slack Stock Soars as Messaging Company Goes Public

SAN FRANCISCO — Slack shares soared on Thursday in early trading on the stock market, in a sign that Wall Street remains tantalized by fast-growing young technology firms even after the recent lackluster public offerings of larger companies like Uber. The workplace collaboration company’s shares began trading at $38.50 on the New York Stock Exchange, […]

Read More

As Slack Prepares to Go Public, Its C.E.O. Is Holding His Tongue

SAN FRANCISCO — Stewart Butterfield, chief executive of the workplace collaboration app Slack, once offended Robert De Niro at an awards event with an irreverent comment, prompting the actor to curse at him from the stage. On another occasion, Mr. Butterfield bought a snarky full-page newspaper ad to taunt a rival, Microsoft. And he has […]

Read More

Uber’s First Earnings Report After I.P.O. Shows Slowing Growth and $1 Billion Loss

SAN FRANCISCO — Uber’s start as a publicly traded company has gone from bumpy to bumpier. In its first earnings report since listing its shares on the stock market earlier this month, the ride-hailing giant on Thursday reported slowing growth and steep losses for the first three months of 2019. Uber posted a loss of […]

Read More