PublicWire

The Number One Source for Small Cap, OTCBB, and Pinksheets Market News For Investors. Friendly reminder to do your own due diligence. NOT investment advice.

[PublicWire @Public_Wire]

ByteDance has made its first foray into virtual reality through the acquisition of a start-up called Pico. Pico was the third-largest virtual reality headset maker globally in the first quarter of 2021, with shipments growing 44.7% YoY.
-
#stockstowatch #VirtualReality #invest

[PublicWire @Public_Wire]

Toast Inc., which helps restaurants handle payments, has filed for a U.S. IPO. The Boston-based company plans to raise $100 million, a placeholder amount likely to change, according to a filing with the U.S. Securities and Exchange Commission.
-
#IPO #SEC #Toast #stockstowatch

[PublicWire @Public_Wire]

Forbes, a long-standing media publication, announced it plans to go public via a merger with a publicly traded SPAC. The company, merging with Magnum Opus Acquisition, is expected to be valued at an implied pro forma enterprise value of $630 million.
-
#stockstowatch #Invest

[PublicWire @Public_Wire]

Dragoneer Investment Group is expected to lead an investment that would value popular video game chat platform Discord Inc. at around $15 billion. The financing is set to raise at least $500 million, according to people familiar with the matter.
-
#Investment #stockstowatch

[PublicWire @Public_Wire]

ForgeRock Inc., a maker of identity-verification software, filed for an IPO, disclosing shrinking losses on growing revenue. The company listed the size of the offering as $100 million, a placeholder that will change when a price range is set.
-
#stockstowatch #IPO #Invest

[PublicWire @Public_Wire]

Virgin Orbit, the satellite-launching spinoff of Virgin Galactic, is preparing to go public, announcing that it will merge with a SPAC to list on the Nasdaq. The company is combining with special purpose acquisition company NextGen Acquisition Corp.

#stockstowatch #VirginOrBit

[PublicWire @Public_Wire]

Shareholders of Vector Acquisition Corporation SPAC voted to merge with Rocket Lab, giving the small spacecraft developer an infusion of cash. The merger of Vector with Rocket Lab will close Aug. 25, at which point Rocket Lab will become a publicly traded company.

[PublicWire @Public_Wire]

A Silicon Valley giant has made an unusual bet to head off any prospective investor stampede from a “blank check” company it’s backing. The Post has learned. Twilio has entered into a merger agreement to invest $500 million in M3-Brigade Acquisition Corp II.
-
#Twilio #SPAC

[PublicWire @Public_Wire]

Robinhood’s revenue more than doubled in the second quarter to $565 million, bolstered by a massive surge in crypto trading. In its first earnings report as a public company, Robinhood reported a net loss of $502 million, or a loss of $2.16 per share.
-
#Robinhood #StocksToWatch

[PublicWire @Public_Wire]

The sustainable shoe brand @Allbirds is debuting a collection of activewear, making it the latest entrant into a hotly competitive category. With Allbirds, reducing carbon emissions and being environmentally friendly is a top priority.
-
#IPO #stockstowatch #carbonfootprint

[PublicWire @Public_Wire]

The company running the Chinese business of Canadian coffee shop chain Tim Hortons will go public through a merger with blank-check company Silver Crest Acquisition Corp. The transaction will give Tim Hortons China a Nasdaq listing and value the business at about $1.69 billion.

[PublicWire @Public_Wire]

Chime said it raised $750 million in a Series G funding round that values the fintech company at $25 billion. That’s $10 billion higher than its last reported valuation of $15 billion.
-
#Chime #Finance #StocksToWatch #Funding

[PublicWire @Public_Wire]

Reddit Inc. is raising a new round of funding that will value the social media business at $10 billion. The new financing will bring in as much as $700 million in a round led by Fidelity Management. The company’s valuation was US$6 billion in February.
-
#StocksToWatch #Growth

[PublicWire @Public_Wire]

Leafly Holdings Inc., the world’s leading online cannabis discovery marketplace, and Merida Merger Corp. a SPAC sponsored by Merida Capital, today announced that they have entered into a definitive agreement with respect to a business combination.
-
#Leafly #SPAC #StocksToWatch

[PublicWire @Public_Wire]

Salesforce is the latest tech giant to venture into video streaming with the launch of a new service called Salesforce+. This is part of a greater effort to transition Salesforce's marketing approach from paid customer acquisition to owned and operated media.
-
#Streaming #Media

[PublicWire @Public_Wire]

DraftKings Inc. agreed to buy Golden Nugget Online Gaming Inc. in a deal valued at about US$1.56 billion, expanding the fantasy-sports giant’s presence in the hot market for online betting.
-
#DraftKings #Gaming #StocksToWatch #Stocks

[PublicWire @Public_Wire]

Beyond Meat reported a wider-than-expected loss as higher costs and investments in its business weighed on margins. They also expressed caution for the second half of the year, citing the Covid variant. Shares of the company fell about 4% in extended trading.
-
#StocksToWatch

[PublicWire @Public_Wire]

Zillow Group Inc. forecast large growth in its newer home-flipping business and its first $2 billion quarter of sales, but the costs of that effort seem to be cutting into profit and hurting the stock.
-
#Zillow #StocksToWatch #Profits #stocks

[PublicWire @Public_Wire]

Robinhood shares soared again, extending a wild rally in the newly public stock trading app’s stock. Shares of Robinhood touched $85 at one point, an 81% gain over Tuesday’s close and bringing its gain on the week to more than 140%.
-
#Robinhood #Growth #StocksToWatch

[PublicWire @Public_Wire]

PepsiCo Inc. plans to sell the Tropicana orange juice brand to a private-equity firm, parting ways with one of its most famous holdings. PepsiCo will receive pretax proceeds of $3.3 billion and retain a 39% stake in the new joint venture.
-
#Growth #StocksToWatch #Equity