Coinbase filed to go public via a direct listing of its shares, revealing that its revenue more than doubled to $1.277 billion in 2020, translating to a profit of $322 million compared with a loss of $30 million in 2019. The company finished December with cash of $1.06 billion. CEO Brian Armstrong warned, however, that Coinbase’s financial performance would be volatile “given the price cycles...
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Anduril Raising New Round That Will Double Valuation to Over $4 Billion

Anduril Industries, a defense technology startup aiming to take on large U.S. contractors like Lockheed Martin Corp., is raising a new round of funding that will more than double the firm’s valuation to between $4 billion and $5 billion, two people familiar with the talks said. The Irvine, Calif.-based startup, valued at $1.9 billion last July, has been winning contracts with U.S....
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