Deliveroo IPO: share price range set between $5.40 and $6.38 for a valuation of up to $12 billion

{ object.primary_image.title }}

The food delivery company will use the funds it raises to expand into the hot grocery delivery market. After announcing a planned IPO earlier this month, Deliveroo has now set a price range for its shares when trading finally begins. The U.K.-based food delivery company has set a range of £3.90 to £4.60 per share ($5.40 to $6.38 USD), reports CNBC. Such a range gives the company a valuation of between £7.6 billion and £8.8 billion ($10.5 billion to $12 billion USD). Read Full Story

Read Full Article on Fast Company

Here’s why Deliveroo stock tanked in its IPO trading debut

{ object.primary_image.title }}

Shares fell as much as 30% after its debut—but Deliveroo can actually still cancel its lackluster IPO. It was supposed to be one of the biggest tech IPO debuts on a foreign market, but when food-delivery firm Deliveroo started trading on the London Stock Exchange this morning its share price plunged 30%, wiping as much as $2.7 billion off the company’s market cap, reports Reuters. Read Full Story

More

“We don’t have to spend it all at once!” CEO Tony Xu on DoorDash’s $3.4 billion IPO

{ object.primary_image.title }}

Tony Xu reflects on DoorDash’s red-hot IPO, raising money from Softbank, and why helping restaurateurs and drivers has personal meaning for him. Food delivery platform DoorDash soared in its blockbuster public offering this week, raising nearly $3.4 billion for a market capitalization of more than $70 billion. That’s an astounding windfall for a company that has yet to turn a profit. Read Full Story

More

The Local SEO Stats & Practical Tactics of Google’s Top-Ranked Grocery Stores

{ object.primary_image.title }}

Posted by MiriamEllis Grocery stores belong at the center of the 2021 local SEO industry conversation. Other than medical facilities, no enterprise stands out more clearly on the map as essential to daily life in the US, and few verticals have had to adapt more rapidly in mid-flight than our neighborhood food stores in the COVID-19 era. From independent grocers to major supermarket chains, there are heroes in every aisle keeping the nation fed. Any data that supports the strong continuance of these businesses is well worth sharing. In this article, I’ll provide results from 900 data points I pulled while analyzing the top local-pack-ranked grocery store in each of the 50 US capital cities. I’ll also summarize the practical tactics I’ve learned from listening to grocers and their marketers, highlighting how they’re adapting and succeeding in unprecedented times. It’s my hope that both in-house and agency grocery marketers will …

More

DoorDash has taken the first steps toward filing for its IPO

{ object.primary_image.title }}

But cities like New York are considering putting caps on how much food delivery companies can charge establishments for delivering meals—which could hurt DoorDash’s bottom line. Popular food delivery service DoorDash has announced that it’s taken its first steps to file for its upcoming initial public offering. In a brief statement, the company said on Thursday that it has submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission: Read Full Story

More

WeWork is finally going public via a SPAC after abandoning an IPO in 2019

{ object.primary_image.title }}

The planned merger will value WeWork at around $9 billion, including debt. That’s a far cry from its $46 billion valuation in early 2019. In 2019, WeWork was the tech darling of Silicon Valley. Or at least it started the year that way. By the end of it, the company had a very public and dramatic fall –a fall that included abandoning its IPO . But today WeWork announced it is finally moving ahead with previous plans to go public–however, it will do so via a SPAC instead of an IPO, The Wall Street Journal reports . Read Full Story

More

Poshmark’s explosive IPO bodes well for the resale industry, but how sustainable is secondhand?

{ object.primary_image.title }}

Poshmark’s stock soared on its first trading day. We chat with the company’s CEO about what comes next for resale. Used clothes, it turns out, are worth a lot of money. Poshmark, which had a hotly-anticipated IPO last week, ended its first day of trading with a valuation of $7.4 billion. It’s a sign that the secondhand market is booming and that investors see continued potential for growth. Read Full Story

More

Fintech insurance startup Lemonade just filed for an IPO

{ object.primary_image.title }}

With a $2.1 billion estimated valuation, fintech insurer Lemonade may be the next unicorn as it files its IPO. Lemonade, a startup that sells insurance to renters and homeowners (not to be confused with the Beyonce album and film), filed for an IPO on the New York Stock Exchange today, estimating it will raise about $100 million. VCs estimated its current valuation at $2.1 billion , making it another potential unicorn. Read Full Story

More

Subscribe to our newsletter

Join our newsletter and never miss out trending marketing news.

HitcountVariables(pk=17865, ajax_url='/api/hit/ajax/', hits='3')