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Posts Tagged ‘Morgan Stanley’

The changing nature of venture capital

The venture industry is likely to consolidate significantly in the next decade as funding confers greater advantage to large venture investors. ...

Diving deep into Africa’s blossoming tech scene

Jumia may be the first startup you’ve heard of from Africa. But the e-commerce venture that recently listed on the NYSE is definitely not the first or last word in African tech. The continent has an expansive digital innovation scene, the components of which are intersecting rapidly across Africa’s 54 countries and 1.2 billion people. ...

SoFi launches gig-focused ETF

SoFi is one of the leading fintech startups to emerge from San Francisco and breach the financial markets. Originally started as a way to better finance student debt, it has since expanded to include products targeted at personal loans and home loans. Today, the company announced a new index fund product focused on the gig ...

Luxury consignment e-tailer The RealReal to enter the unicorn club with new funding

The RealReal has authorized the sale of up to $70 million in new shares in a round that could value the luxury consignment shop at $1.06 billion. ...

Zoom addresses CFO’s past workplace conduct ahead of IPO

Zoom prices its IPO, defends CFO after an anonymous source exposed a previously undisclosed workplace relationship. ...

Morgan Stanley — which is underwriting Uber’s IPO — is denying reports that it marketed a short-selling product to Lyft investors

It’s getting low down and ***** out there again in the ride-hailing wars. According to a report earlier today from The Information, newly public Lyft threatened Morgan Stanley with legal action earlier this week, demanding in a letter that the bank stop marketing a short-selling product that it believed was disrupting trading in its stock. ...

Zoom, a profitable unicorn, files to go public

Zoom posted $330 million in revenue in the year ending January 31, 2019, a remarkable 2x increase year-over-year ...

African e-commerce startup Jumia files for IPO on NYSE

Pan-African e-commerce company Jumia filed for an IPO on the New York Stock Exchange today, per SEC documents and confirmation from CEO Sacha Poignonnec to TechCrunch. The valuation, share price and timeline for public stock sales will be determined over the coming weeks for the Nigeria-headquartered company. With a smooth filing process, Jumia will become ...

Lime hires its first CFO

Lime is hiring Ted Tobiason, former managing director in tech equity capital markets, at Morgan Stanley, to serve as its chief financial officer. This comes following Lime’s behemoth of a $310 million Series D round earlier this month. Led by Bain Capital Ventures, Andreessen Horowitz, Fidelity Ventures, GV and IVP, the round values Lime at $2.4 billion. Lime, which ...