It’s a new year and the IPO window is open for business. Affirm, the point-of-sale lending startup, raised its price range in a new securities filing Monday to between $41 and $44 per share. At the midpoint of that range, Affirm would raise $1.04 billion and would have a market capitalization of $10.3 billion. It’s expected to start trading Wednesday, January 13. Poshmark, an online...
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TikTok CEO Expands Purview to Include ByteDance’s New App Lemon8
The Singapore-based CEO of TikTok, Shou Zi Chew, is getting a bigger job. TikTok’s Chinese parent company, ByteDance, is putting its newer social media app, Lemon8, under Chew’s supervision, according to a person with direct knowledge of the matter. The move appears to reflect ByteDance’s strategy of locating the heads of its global apps outside China, in an effort to defend...
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