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Private tech stocks have hit dizzying highs in recent years, but access to hot deals is often limited to an exclusive club. To meet widening demand from investors, some financial firms are creating ways to bet on fast-growing tech companies that aren’t traded on public markets.
At least two indexes are being developed that track the shares of some of Silicon Valley’s biggest ...
In recent weeks, Lyft has hired J.P. Morgan, Credit Suisse and Jefferies to lead its IPO and bankers are circling Uber, wooing them with predictions of a $120B market valuation—nearly twice its current private market price. Palantir, Postmates, and even eventually Pax, are contemplating IPOs too, several outlets, including WSJ, Reuters and The Information have reported.
With all these ...
The price of bitcoin rose this week, but bitcoin’s gain may just have been tether’s loss. The most high-profile stablecoin, whose value is supposedly always $1, dipped as low as 90 cents this week on some exchanges as traders converted their holdings amid rumors that Bitfinex, a crypto exchange and tether’s sister company, was insolvent. (Bitfinex has denied the claims.)
The endowments of Harvard University, Stanford University, Dartmouth College, Massachusetts Institute of Technology and the University of North Carolina have made investments into at least one cryptocurrency fund, a person familiar with the investments said, in a sign of the asset class’ growing acceptance among institutional investors.
While many institutions have been reluctant to ...
Founders wield outsize influence over many of Silicon Valley’s most successful public companies through their shareholdings. But lately a growing number of tech firms are setting limits on founder power, partly in response to investor backlash.
Messaging service Slack, which is expected to go public next year, adopted rules in December that so-called supervoting shares held by co-founder ...
One headline from the past week stands out among the rest: Coinbase could be raising more money. The company is said to be in talks to raise up to $500 million from Tiger Global at a valuation of $8 billion. Although Coinbase was thought to be turning away investors earlier this year, it seems the crypto company has come around to the idea of accepting a cash infusion.
Coinbase’s smaller ...
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