Items Tagged with 'IPO'

ARTICLES

  • Airbnb petitions SEC for rule change to allow hosts to become shareholders

    Proposed change would allow gig economy workers to become part owners of gig-based companies
    Airbnb is asking the Securities and Exchange Commission for a rule change so its hosts can become part owners in the company, according to a report from CNBC’s Sara Salinas. The rule in question is Rule 701, an SEC rule governing equity awards of private companies. The changes proposed would allow “gig economy” workers to take up shares in the company.
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  • SoFi to finally file for IPO?

    CEO first teased an IPO back in 2014
    Social Finance, better known as SoFi, first teased it would file for an initial public offering nearly three years ago. But this never came into fruition after the online peer-to-peer lender raised $1 billion from investors. But not so fast. Now, three years after it first mentioned a possible IPO, SoFi CEO Mike Cagney appears to be interested in filing for an IPO again.
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  • Redfin goes public, stock explodes in early trading

    Stock opens at $15, quickly rises to $20
    Online real estate brokerage Redfin became the latest real estate company to go public, when the company’s shares began trading on the Nasdaq on Friday morning. Traders ate up the stock after it began trading at approximately 10am Eastern on Friday. In early trading, Redfin’s stock (trading under the symbol “RDFN”) shot up past $20 per share, an increase of more than 35% above its initial trading price.
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  • Will pending IPO establish Redfin as a billion-dollar real estate company?

    Filing reveals IPO pricing details
    Online real estate brokerage Redfin filled in a few blanks originally left empty on its recent initial public offering request with the U.S. Securities and Exchange Commission, revealing the company thinks it is worth around a billion dollars. When the company first filed its request for IPO, it left out key details on how many shares it would sell, along with how much it would sell them for. Well, the wait’s over. Here are the missing details on exactly much capital Redfin wants to raise.
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  • Monday Morning Cup of Coffee: Redfin files for IPO, plans to raise millions

    Here's how housing performed in June
    The housing industry kept busy over the past several days. Online real estate company Redfin decided to finally jump into the stock market, filing an initial public offering with the U.S. Securities and Exchange Commission. Meanwhile, newly created fintech company Finastra is reminding the industry that it’s not done growing. Check out the article to find out what’s in store for housing.
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  • SEC chair explores reason behind major drop in IPOs

    Attempts to find ways to make IPOs more attractive
    U.S. Securities and Exchange Commission Chairman Jay Clayton wants to fix the drastic decline in initial public offerings, hoping to in turn give individual investors more access to smaller companies. This is an issue that housing is not immune from. Remember when loanDepot pulled its IPO two years ago?
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  • Attempt two: loanDepot reconsiders filing for IPO?

    Withdrew first IPO consideration back in 2015
    A little more than a year after it withdrew its Initial Public Offering, loanDepot is reported to once again be considering the possibility of a stock offering. When loanDepot announced that it canceled its IPO, loanDepot CEO Anthony Hsieh said, “While an IPO continues to be an option, perhaps one day in the future, it’s not a necessity.” Could now finally be the right time for the company?
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  • Invitation Homes goes public, raises $1.54 billion

    Stock for single-family rental operator up in early trading
    After months of rumors, Invitation Homes, Blackstone Group’s single-family rental operator, finally went public on Tuesday, raising more than $1.5 billion in its initial public offering. And in early trading, the stock traded above the IPO price of $20, checking in at $20.26 as of 10:58 a.m. Eastern.
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  • Blackstone's Invitation Homes prepares $1.5 billion IPO

    Will sell 77 million shares in single-family rental operator
    The initial public offering for Blackstone Group’s single-family rental operator, Invitation Homes, is one step closer to reality, as the company disclosed the terms of its initial public offering on Monday. Per a filing with the Securities and Exchange Commission, Invitation Homes will offer 77 million shares in its IPO, with an estimated share price of between $18 and $21 per share.
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  • Blackstone reportedly files to take Invitation Homes public

    WSJ reports IPO could raise $1.5 billion
    Blackstone Group is apparently moving forward in its plans to take its single-family rental unit, Invitation Homes, public in 2017. The Wall Street Journal is reporting that Blackstone is taking the next step in the process, reportedly filing confidentially for an IPO that could come “as soon as January.”
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