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Search resuls for: "Corrie Driebusch"


19 mentions found


☆ Stripe Sets One-Year Timetable to Decide on Going Public
  + stars: | 2023-01-26 | by ( Peter Rudegeair | Corrie Driebusch | ) www.wsj.com   time to read: 1 min
Stripe’s last fundraising nearly two years ago valued the company at $95 billion. Stripe Inc. , one of Silicon Valley’s most valuable startups, is moving closer to what could be one of the biggest public-market debuts in recent memory. Stripe co-founders Patrick and John Collison told employees Thursday that executives set a goal of either taking the company public or allowing employees to sell shares in a private-market transaction within the next 12 months, according to people familiar with the matter.
☆ S&P 500 Jumps After Three Days of Losses
  + stars: | 2023-01-21 | by ( Chelsey Dulaney | Corrie Driebusch | ) www.wsj.com   time to read: 1 min
Stocks rose Friday, boosted by some solid corporate earnings, though two major indexes finished the week with losses after being weighed down by concerns about a slowing economy. The S&P 500 index rose 73.76 points, or 1.9%, to 3972.61, its first up day after three days of declines. The Nasdaq Composite gained 288.17 points, or 2.7%, to 11140.43, led higher by shares of Netflix and Alphabet. The Dow Jones Industrial Average was up 330.93 points, or 1%, to 33375.49.
☆ Coinbase Leaders Sharply Slow Their Stock Sales
  + stars: | 2023-01-17 | by ( Corrie Driebusch | Tom Mcginty | ) www.wsj.com   time to read: 1 min
Share sales by Coinbase Global Inc. officials fell sharply in 2022 along with the crypto exchange’s stock price. Co-founder and Chief Executive Brian Armstrong has pocketed $4 million since November from selling shares, according to an analysis of regulatory filings.
☆ As Rest of IPO Market Stalls, Corporate Carve-Outs Gain Steam
  + stars: | 2023-01-06 | by ( Corrie Driebusch | ) www.wsj.com   time to read: 1 min
Goldman Sachs is one of the banks leading the planned IPO of J&J’s consumer-health business. The U.S. initial public offering market’s acute slowdown is creating space for deals commonly known on Wall Street as corporate carve-outs. Traditional initial public offerings in the U.S. last year raised the smallest amount in at least two decades, according to Dealogic. Three of the biggest deals of the year were carve-outs—companies spun out from parents, using a standard IPO sale rather than the stock distribution that often occurs in what is known as a spinoff.
☆ Oatly, Other Deflated IPO Stocks Haunt New-Issue Market
  + stars: | 2022-12-19 | by ( Corrie Driebusch | ) www.wsj.com   time to read: 1 min
Hundreds of companies that went public when the market for initial public offerings was booming have suffered such sharp reversals that they now face a stark reality: Their shares may never recover. More than one in four of the nearly 600 companies that went public via a traditional IPO in 2020 or 2021—including oat-milk maker Oatly Group AB and online lender loanDepot Inc.—traded at less than $2 a share as of Friday’s market close, according to Dealogic data. Many companies that went public in the surge of mergers involving SPACs, or special-purpose acquisition companies, also are faring poorly.
☆ Dow Falls More Than 700 Points on Interest-Rate Expectations
  + stars: | 2022-12-15 | by ( Corrie Driebusch | Caitlin Ostroff | ) www.wsj.com   time to read: 1 min
U.S. stock losses deepened Thursday, after central bank officials on both sides of the Atlantic signaled they have more work to do to tame inflation and a batch of fresh data heightened recession fears. The major U.S. stock indexes started the week higher, then fell Wednesday when the Federal Reserve raised rates by half a percentage point. What spooked investors wasn’t the rate increase, which was widely expected, but that the Fed raised its estimates of how high rates may ultimately have to go.
☆ Cash-Hungry Companies Get Creative Raising Capital
  + stars: | 2022-12-02 | by ( Corrie Driebusch | Laura Cooper | ) www.wsj.com   time to read: 1 min
The end of the era of easy money is forcing companies that need cash to get creative. Dozens of companies have recently raised money through so-called structured private funding rounds, and bankers and lawyers say there are many more in the works.
☆ Dow Jumps More Than 800 Points as Apple Gains 7.6%
  + stars: | 2022-10-28 | by ( Chelsey Dulaney | Corrie Driebusch | ) www.wsj.com   time to read: 1 min
U.S. stocks rose Friday, with big gains by Apple helping offset declines among consumer discretionary stocks weighed down by a sales warning from e-commerce giant Amazon . The tech-heavy Nasdaq Composite Index rose 309.78 points, or 2.9%, to 11102.45, bouncing back after two days of declines. The S&P 500 added 93.76 points, or 2.5%, to 3901.06 while the Dow Jones Industrial Average was up 828.52 points, or 2.6%, to 32861.80. All three indexes finished the week with gains, with the Dow industrials’ recent run-up putting it down less than 10% year-to-date.
☆ Dow Jumps More Than 700 Points as Investors Weigh Earnings
  + stars: | 2022-10-28 | by ( Chelsey Dulaney | Corrie Driebusch | ) www.wsj.com   time to read: 1 min
U.S. stocks rose Friday, with big gains by Apple helping offset declines among consumer discretionary stocks weighed down by a sales warning from e-commerce giant Amazon . The tech-heavy Nasdaq Composite Index rose 2.3%, bouncing back after two days of declines. The S&P 500 added 2%, while the Dow Jones Industrial Average was up 2.3%, or 735 points. All three indexes are on track for solid weekly gains, with the Dow industrials’ recent run-up putting it down less than 10% year-to-date.
☆ Mobileye Shares Open Higher in Stock-Market Debut
  + stars: | 2022-10-26 | by ( Corrie Driebusch | Tim Higgins | ) www.wsj.com   time to read: 1 min
Shares of Mobileye Global rose 27% out of the gate in their trading debut, in one of the highest-profile and largest initial public offerings of the year. Intel automated car-driving unit initially traded at $26.71, above its IPO price of $21 a share. That gives Mobileye a valuation of more than $21 billion. The stock opened on the Nasdaq stock market a little before midday Wednesday, trading under the symbol MBLY. More than 3.5 million shares changed hands in the opening trade.
☆ Mobileye Shares Open Higher In Stock-Market Debut
  + stars: | 2022-10-26 | by ( Corrie Driebusch | Tim Higgins | ) www.wsj.com   time to read: 1 min
Shares of Mobileye Global rose 27% out of the gate in their trading debut, in one of the highest-profile and largest initial public offerings of the year. Intel automated car-driving unit initially traded at $26.71, above its IPO price of $21 a share. That gives Mobileye a valuation of more than $21 billion. The stock opened on the Nasdaq stock market a little before midday Wednesday, trading under the symbol MBLY. More than 3.5 million shares changed hands in the opening trade.
☆ Mobileye Shares Close Higher in Stock-Market Debut
  + stars: | 2022-10-26 | by ( Corrie Driebusch | Tim Higgins | ) www.wsj.com   time to read: 1 min
Shares of Mobileye Global rose 38% in their trading debut, providing a rare bright spot for an IPO market that is having its worst year in memory. Intel automated car-driving unit closed at $28.97, above its initial public offering price of $21 a share, giving Mobileye a valuation of roughly $23 billion. The stock opened on the Nasdaq Stock Market a little before midday Wednesday, trading under the symbol MBLY.
☆ Intel Prices Widely Anticipated IPO for Self-Driving Car Unit Mobileye
  + stars: | 2022-10-25 | by ( Corrie Driebusch | ) www.wsj.com   time to read: 1 min
Mobileye is set to start trading Wednesday on the Nasdaq stock exchange under the symbol MBLY. Intel self-driving car unit Mobileye Global priced its initial public offering at $21 a share, a dollar above the top of its targeted range, according to people close to the deal. Mobileye raised $861 million by selling 41 million shares, valuing the company at roughly $17 billion, the people said. That is more than the $15.3 billion Intel paid for the Mobileye in 2017 but a far cry from the $50 billion or more that the chip giant originally set its sights on when it unveiled plans for the listing late last year.
☆ Stocks Notch Second Day of Gains
  + stars: | 2022-10-18 | by ( Will Horner | Corrie Driebusch | ) www.wsj.com   time to read: 1 min
U.S. stock indexes rose on Tuesday, rallying for a second day as a combination of better-than-expected earnings and an easing of turmoil in U.K. markets lifted investors’ confidence. The S&P 500 climbed 42.03 points, or 1.1%, to 3719.98 while the Dow Jones Industrial Average rose 337.98 points, or 1.1%, to 30523.80 and the technology-heavy Nasdaq Composite moved ahead 96.60 points, or 0.9%, to 10772.40. The moves come a day after the major indexes soared.
☆ Intel Eyes Significantly Lower Valuation in IPO of Mobileye Unit
  + stars: | 2022-10-17 | by ( Corrie Driebusch | ) www.wsj.com   time to read: 1 min
Intel is eyeing a significantly lower valuation than previously expected in the initial public offering of its Mobileye Global Inc. self-driving car unit, according to people familiar with the matter, in the latest sign of the beleaguered state of the new-issue market. Mobileye, which was originally expected to land a roughly $50 billion valuation, is now set to target one of under $20 billion and sell a smaller number of shares than originally planned, the people said. By selling fewer shares at a lower price, the company and its advisers are hoping to drum up interest that will push up the shares after they start trading, some of the people said.
☆ Poor IPO-Stock Performance Weighs Further on New-Issue Market
  + stars: | 2022-09-26 | by ( Corrie Driebusch | ) www.wsj.com   time to read: 1 min
A volatile stock market is one of the reasons IPOs are having the slowest year in more than a decade. Recently public companies are among the worst performers in this year’s stock-market rout, contributing to a deep freeze in the IPO market that shows few signs of thawing. Roughly 87% of companies that went public in the U.S. last year are trading below their offering prices, down more than 49% on average as of Friday’s close, according to Dealogic. By rough comparison, the S&P 500 is down 23% this year, while the tech-heavy Nasdaq Composite has fallen 31%.
☆ Swiftly Valued at More Than $1 Billion in Latest Funding Round
  + stars: | 2022-09-19 | by ( Corrie Driebusch | ) www.wsj.com   time to read: 1 min
Swiftly Systems Inc. raised $100 million in its latest funding round, boosting the valuation of the grocery-tech company to more than $1 billion, according to people familiar with the matter. The capital infusion, from BRV Capital Management and others, is the second funding round this year for Swiftly and values it at $1.1 billion to $1.2 billion, one of the people said. In March, Swiftly said it raised $100 million in a Series B funding round led by Wormhole Capital.
☆ Instacart Plans to Focus IPO on Selling Employee Shares
  + stars: | 2022-09-19 | by ( Berber Jin | Corrie Driebusch | ) www.wsj.com   time to read: 1 min
Instacart Inc. doesn’t plan to raise much capital in its initial public offering and instead plans to have most of the listing come from the sale of employees’ shares, said people familiar with its thinking. In meetings with prospective investors in recent weeks, Instacart executives said they didn’t plan to issue many new shares in their IPO, the people said. The sale of mostly employee shares would allow Instacart’s staff, including some of its earliest hires, to at last cash out of some of the shares they have been accumulating.
☆ U.S. Stocks Close Lower After FedEx Warning
  + stars: | 2022-09-16 | by ( Corrie Driebusch | Caitlin Ostroff | ) www.wsj.com   time to read: 1 min
U.S. stocks closed lower Friday as investors came to grips with corporate warnings that paint an increasingly dire outlook for the health of the U.S. economy. In the past week, companies including Goldman Sachs Group Inc. prepared to cut jobs, exacerbating fears of an impending recession. FedEx cautioned late Thursday that it is closing offices to offset declining demand, and General Electric said supply-chain problems were weighing on profits.
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