What to know about Chamath Palihapitiya taking Clover Health public in a surprise IPO

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The Social Capital CEO is using a special purpose acquisition company, or SPAC, to quickly help health insurer Clover Health go public. A six-year-old health insurance company called Clover Health is going public through a special purpose acquisition company. The new public offering comes as many traditional IPOs are being sidelined because of the pandemic. It also highlights the growing use of shell companies to go public faster and cheaper. Read Full Story

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Best advice for tech companies going public: Keep the startup energy alive

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As Airbnb, DoorDash, Robinhood, and other tech startups head to IPO, the CEO of Okta offers 4 insights from going public 3 years ago. Despite COVID-19 slowing global IPO activity earlier this year, tech IPO season is back this fall and in full swing. Companies like Airbnb and Robinhood have made headlines recently as some of the most anticipated IPOs of 2020, and Snowflake, Asana, and Palantir just made their debut on the public market. Sometimes it feels like just yesterday that my cofounder Frederic Kerrest and I were preparing for Okta’s IPO, and all of this talk about going public resurfaced memories of that time back in 2017. Read Full Story

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How Airbnb got its IPO plans back on track

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After the coronavirus hit the U.S., the home-sharing platform initially pulled back its ambition to go public, but it managed to file IPO paperwork with the SEC this August. It’s been a roller-coaster year for Airbnb and its much-anticipated plans for an initial public offering or IPO. The home-sharing platform had planned to file back in March to go public, but then coronavirus hit and its revenue nose-dived . Read Full Story

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Why are there so many IPOs during a pandemic? Here are 4 reasons

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As usual, Wall Street is finding a way to make it rain green. It’s a big month for IPOs: Airbnb and DoorDash are both going public this week, and online video game company Roblox and fintech Affirm are set to follow. DoorDash sold shares at $102 (above estimates), and then closed its first day of trading at $189. How is this happening in a country gripped by a coronavirus pandemic and high unemployment? In the topsy-turvy logic of the stock market, financial wins are possible. Here are a few reasons why: Read Full Story

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Amnesty International attacks Palantir’s human rights record on the eve of its IPO

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The blue chip nonprofit released a report the week of the company’s expected IPO saying there’s a risk that Palantir’s software was used to enable human rights abuses against immigrants and their children. Two days before Palantir’s expected initial public offering on the New York Stock Exchange, Amnesty International released a report saying the secretive data analytics company presents a risk to human rights. The charge stems from Palantir’s relationship with U.S. Immigration and Customs Enforcement (ICE), and its role as an enabler of the U.S. government’s ill treatment of immigrants and asylum seekers. Read Full Story

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Climate change is threatening your company’s building. Insurance won’t be enough to protect it

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‘Insurance companies are more hesitant to offer large policies, rates are going up, and overall it’s getting tougher for companies to protect their risk via an insurance policy.’ As the impacts of climate change become more extreme and widespread, one of the world’s largest commercial property insurers has a message for building owners: Insurance can’t save you. Read Full Story

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