TagIPO

WeWork's IPO Will Go to Zero After the First Recession

wework

By CCN Markets: There's a song that says, "one is the loneliest number." In fact, zero is the loneliest number, especially when it is preceded by a dollar sign. And $0 is where WeWork stock is going to go after the next recession hits, but don’t count on anyone else to tell you that. So avoid the WeWork IPO. The We Company's Business Model Is Destined to Fail WeWork, or The We Company as it is...

Mortgage Giants Fannie & Freddie Eye Market Return in Possible IPO

wall street sign

In a move that is long overdue, JPMorgan Chase is floating the possibility of an IPO for Fannie Mae and Freddie Mac, Fox Business reports. Resurrection for Mortgage Guarantors Both Fannie Mae and Freddie Mac collapsed during the financial crisis as quasi-government entities responsible for insuring millions of mortgages that went bad. Both Fannie Mae and Freddie Mac were bailed out by the...

Slack CEO Vows to Kill 'Company Email' by 2026 Ahead of $16 Billion Float

Slack

By CCN Markets: Slack makes its debut on the NYSE Thursday. The popular digital team collaboration platform is going public with a $16 billion valuation, at a starting price of $26 per share set Wednesday. And ahead of its IPO, the CEO says his plan is to completely replace company email altogether. Slack is expected to start trading on the NYSE today, using the ticker "WORK." —...

Cattle Prod This Unicorn: Beyond Meat's Stock Will Kill Your Portfolio

beyond meat

By CCN: In yet another example of the ongoing irrational exuberance in the stock market, Beyond Meat soared 15% in after-hours trading to $115 after its first post-IPO earnings report. Or rather, its first post-IPO loss report. Once again, the stock market insists on valuing money-losing businesses in the billions of dollars. Beyond Meat Stock Price Is Beyond Insane The stock market is giving...

Uber IPO Smacks Saudi Wealth Fund with $200 Million Loss

By CCN: The Saudi Arabian Public Investment Fund (PIF) was one of the first believers in Uber, ponying up billions of dollars to invest in it back in 2018. Now that the ride-sharing company has finally gone public, the fund stands to be one of the biggest losers. The fund bought in at $48.77 a share, far higher than Uber’s debut price of $42. At the time of writing Friday, Uber shares were...

There Are a Million Reasons to Short Uber's New Stock. Here Are Three.

Uber stock

By CCN: Investors have been rubbing their greedy little hands together thinking that the Uber IPO will make them rich. However, a close look at Hoover's model, financial statements, and the rideshare market provides investors with plenty of reasons to short Uber's stock. ⁦@dkhos⁩ You are gonna get sued by the investors😂#Uber IPO: Uber loses an average of 58 cents per ride -- and says it's...

Lyft Stock: 'Totally a Success'? Company Has Its Head Stuck in Sand

Lyft stock

By CCN: Lyft's stock remains stuck in the doldrums, trading 22% below its IPO price of $72. Yet, the company appears to have its proverbial head stuck in the sand about its stock market debut flop. Lyft board member Maggie Wilderotter believes the Lyft IPO on the Nasdaq was "totally a success," she told CNBC. She said the company has its "heads down," but could it be possible that they've really...

3 Reasons Why Uber Strikes Out in Ridiculous Ploy to Be Amazon 2.0

Uber, Dara Khosrowshahi, Jeff bezos

By CCN: Uber is priming investors for its much-vaunted IPO, but there's a severe problem. Namely, this problem is that Lyft IPO was a complete disaster and Uber is tarred with the same ride-share brush. To avoid the stigma, the Uber team is seeking an alternative comparison, with the wildly successful Amazon. In honor of this blatant misdirection tactic, here are three reasons why "UBER" is...

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