Soulgate, the operator of Chinese social networking app Soul, filed for an initial public offering on Nasdaq. The Information first reported the company’s IPO plan in March. The company is reportedly seeking to raise as much as $100 million in the listing. The company says its mission is to build a social mateverse for young people. According to the company’s prospectus, the app had 9.1...
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The Briefing markets startups
Forget the IPO Window. Watch for More M&A
Here’s some food for thought about initial public offerings. Yesterday I asked Brex co-CEO Henrique Dubugras when he thought the IPO window would open. His fintech company, after all, is one of many that could be beating down that door. Having raised $1.5 billion in funding, Dubugras said the company has a plan to break even off its existing funding. When I ask the IPO question, I usually...
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