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Top related persons:
Dado Ruvic - 1 Mark Schwartz - 1 Mike Bellin - 1 Instacart - 1 Goldman Sachs - 1 Fidji Simo - 1 Frank Slootman - 1 Niket - 1
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REUTERS - 1 SoftBank - 1 Arm Holdings - 1 PricewaterhouseCoopers U.S - 1 San - 1 underwriters - 1 Nasdaq - 1 Canada - 1

Search resuls for: "Mark Schwartz"


3 mentions found


☆ Instacart reveals 31% revenue jump in road to long-awaited IPO
  + stars: | 2023-08-25 | by ( Niket Nishant | Thomson Reuters | Niket Nishant Reports On Breaking News | ) www.reuters.com   time to read: +5 min
The development comes days after SoftBank Group-backed (9984.T) chip designer Arm Holdings made public its IPO filing. Instacart said its revenue had surged to $1.48 billion in the six months ended June 30, compared with $1.13 billion in the same period last year. Net income was $242 million during the six-month period, compared to a $74 million loss a year earlier, Instacart said. Customers can order through the Instacart app, and an Instacart "shopper" delivers the product in as little as 30 minutes. Unlike in an IPO, no shares are sold in advance in a direct listing and investors can sell their shares directly to the public.
Persons: Dado Ruvic, Mark Schwartz, Mike Bellin, Instacart, Goldman Sachs, Fidji Simo, Frank Slootman, Niket, Savyata Mishra, Shilpi Majumdar, Shinjini, Maju Samuel Organizations: REUTERS, SoftBank, Arm Holdings, PricewaterhouseCoopers U.S, San, underwriters, Nasdaq, Facebook, Canada, CVS, Reuters, Thomson Locations: San Francisco, United States, Snowflake, Bengaluru
☆ Fintech firms may struggle to find investor love in rebounding U.S. IPO market
  + stars: | 2023-03-08 | by ( Manya Saini | ) www.reuters.com   time to read: +4 min
REUTERS/Dado Ruvic/IllustrationMarch 8 (Reuters) - The once high-flying fintech startups looking to go public will have a hard time attracting investor attention, even though a freeze that has gripped the market for new listings is starting to thaw. "I don't think it would surprise anyone if they all sat out the 2023 IPO market," Kennedy added. In the IPO boom of 2021, 20 fintech companies raised a combined $10.93 billion, vastly overshadowing the $144 million that was raised by a lone offering in the following year, according to data from Dealogic. "The IPO market is not closed, but it's certainly more valuation and profitability focused," said David Ethridge, U.S. co-IPO leader at global consulting giant PwC. Reuters GraphicsLACKLUSTRE LISTINGSListed fintech companies have failed to largely live up to their shareholders' expectations as they have steadily booked losses, leading to a string of routs in their shares.
☆ Moving species emerges as last resort as climate warms
  + stars: | 2023-01-17 | by ( Associated Press | ) www.nbcnews.com   time to read: +6 min
Moving species to save them — once considered taboo — is quickly gaining traction as climate change upends habitats. Concerns persist that the novel practice could cause unintended harm the same way invasive plants and animals have wreaked havoc on native species. “Climate change is causing a greater need for this — for taking a species outside its known historical range.”A pending change to the U.S. “In the future, some species’ ranges may shift due to climate change, or their current habitats might become unsuitable due to invasive species encroachment,” Armstrong said in an email. Humanity has been moving species around for centuries, often inadvertently and sometimes causing great harm.
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