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| July 21, 2019

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debut Archives -

Chewy raises $1 billion in IPO, and stock soars in trading debut

June 14, 2019 |

PetSmart Inc.-controlled Chewy Inc. surged in its first day of trading after raising $ 1.02 billion in an initial public offering, as investors bet that pet owners will do more of their shopping online for cat food, dog sweaters, horse vitamins and other pet products.

Chewy’s shares opened at $ 36…


L.A. Times – Business

CrowdStrike soars in its stock market debut as tech IPOs rush ahead

June 13, 2019 |

Software maker CrowdStrike Holdings Inc. soared in its trading debut Wednesday after raising $ 612 million in one of the biggest-ever initial public offerings for a cybersecurity company.

Shares opened at $ 63.50 and rose as high as $ 67 — up as much as 97% from their $ 34 IPO price. The shares ended…


L.A. Times – Business

Slack’s stock market debut may value the workplace chat app at $17 billion

June 12, 2019 |

Slack Technologies Inc. is expected to be valued by investors at $ 16 billion to $ 17 billion when it lists its shares publicly next week, according to people familiar with the matter.

That valuation is roughly based on the workplace chat and collaboration software company’s projected revenue and…


L.A. Times – Business

Baby Sussex Makes His Debut

May 8, 2019 |

Baby Sussex has made his debut. The still-unnamed child of Meghan Markle and Prince Harry was revealed to the public on Wednesday, with the trio posing for cameras at Windsor Castle. Meghan described motherhood as “magic” and said her son had “the sweetest temperament,” per the AP . “I have the…
Newser

After Debut of Netflix Drama, Teen Suicides Hit 19-Year High

April 30, 2019 |

There was a disturbing jump in teen and tween suicides in the month after Netflix drama 13 Reasons Why made its debut, researchers say. The researchers analyzed federal data on suicides among people 10 to 64 from Jan. 2013 through Dec. 2017 and found that the month with the most…
Newser

Jenna Bush Hager Makes Emotional Today Debut

April 8, 2019 |

TODAY with Kathie Lee & Hoda is now TODAY with Hoda & Jenna. Former first daughter Jenna Bush Hager made her debut as Hoda Kotb’s co-host of Today ‘s 10am hour Monday, People reports. Kotb, 54, and Bush Hager, 37, came up with a “pregame” pump-it-up phrase (“Let’s go, y’all”),…
Newser

Lyft’s stock has a blue Monday as shares slide after public debut

April 2, 2019 |

Today, investors took off their rose-colored glasses (and pink-colored mustaches) and looked at Lyft’s shares with fresh eyes after Friday’s ebullient debut.

And — judging by the company’s share price at the end of the day — what they saw wasn’t exactly to their liking.

Lyft’s shares suffered a pretty blue Monday in trading on the Nasdaq stock exchange today, closing down $ 9.28 (or 11.85%).

Once trading after the pink confetti was swept up off the floor and analysts and investors had a different story to tell about one of the first unicorns to make its public debut.

Part of the reason for the company’s share price tumble was a report from Guggenheim Partners analyst Jake Fuller, which voiced skepticism about the ride hailing company’s path to profitability.

Lyft’s financial picture has always been challenged. That was clear from the moment it filed its financial documents with the Securities and Exchange Commission before its public debut.

As TechCrunch wrote at the time:

According to the filing, Lyft recorded $ 2.2 billion in revenue in 2018, more than double the $ 1 billion recorded in 2017. Meanwhile, losses have been growing considerably. The company posted a net loss of $ 911 million on the $ 2.2 billion in revenue and a $ 688 million loss on 2017’s $ 1 billion.

The analysis from Fuller simply makes clear that Lyft’s purported path to profitability is dependent on a number of steps that could prove very difficult for the company to execute.

“We see four paths to profitability: cut driver pay, turn off incentives, reduce insurance costs or shift to self-driving cars,” Fuller is quoted by MarketWatch as writing. “The first two would be tough in a highly competitive category, the third might not be enough by itself and the fourth is likely 10 years out.”

TechCrunch

Stocks rise on last day of blockbuster quarter; Lyft jumps in its debut

March 29, 2019 |

U.S. stocks climbed Friday, extending the market’s gains from the previous day as Wall Street closed out a blockbuster first quarter.

The benchmark Standard & Poor’s 500 index was on track to end the January-through-March quarter with its best gain in nearly 10 years. The S&P technology sector…


L.A. Times – Business

TMZ

Bre Tiesi Hits Strip Club As Johnny Manziel Makes AAF Debut

March 25, 2019 |

**WARNING — THIS CONTAINS PRETTY GRAPHIC VIDEO OF STRIPPER BUTTS**  How do you get over Johnny Manziel? Strippers. Lots of strippers.  That’s how Johnny’s wife Bre Tiesi distracted herself from the split over the weekend — throwing…

TMZ.com

Us Has a Terrifying Debut

March 24, 2019 |

Jordan Peele has done it again. Two years after the filmmaker’s Get Out became a box-office sensation, his frightening follow-up, Us, debuted with $ 70.3 million in ticket sales, according to estimates Sunday. Us took over the top spot at the box office from Captain Marvel, which had reigned for…
Newser