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Casper Expects IPO Valuation To Fall Far Lower Than $1B

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eCommerce mattress merchant Casper Sleep Inc. forecasts that its initial public offering (IPO) valuation will be far under the approximate $1 billion it had for its most recent funding. Public market investors have historically expected firms to make a profit within around 18 months of an offering. million at the high end.

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eCommerce Co Jumia Files US IPO

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Pan-African eCommerce company Jumia filed for an initial public offering (IPO) on the New York Stock Exchange (NYSE) on Tuesday (March 12). The company’s valuation, share price and timeline have yet to be determined, but if all goes well, Jumia will be the first African tech startup to list on a major global exchange.

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Rakuten Dumps $1.4B In Tech Holdings, Including Pinterest Stake

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Rakuten , the Japanese eCommerce conglomerate, has sold billions of dollars’ worth in shares, including the entirety of its stake in Pinterest. Rakuten’s sales come on the heels of its operating loss of 40 billion yen, or $360 million, last quarter.

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The Connected Economy’s 10 Biggest US IPOs Of 2020

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Here are a few of the more noteworthy ones, listed in order of valuation at the time of going public: 1. The company also reported a $23 million profit for the second quarter — its first black ink in history. However, GoodRx reported a $50 million Q3 loss in November, helping to send the stock partly back downward.

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Rakuten Dumps $1.4B In Tech Holdings Including Pinterest Stake

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Rakuten , the Japanese eCommerce conglomerate, has sold billions of dollars’ worth in shares, including the entirety of its stake in Pinterest. Rakuten’s sales come on the heels of its operating loss of 40 billion yen, or $360 million, last quarter.

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Petco Files For IPO As Demand For Pets Surges During Pandemic 

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The pet retail chain is also moving towards profitability after net losses the past two years. It has also narrowed its losses by 77 percent to $20.3 Petco has invested $300 million over the past three years to renovate, launch an eCommerce site and implement a full-service veterinary hospital network. percent this year.

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Companies Shelve IPOs Rather Than Face Volatile Wall Street

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After all, the very metrics of gauging company potential, in terms of revenues and earnings, which in turn drive valuation, are suddenly hazy. Biggs said the company’s losses will “be pretty similar” to losses seen last year. In this market environment, fear of missing out (FOMO) may quickly translate to heavy losses.