IPOs

Slack Technologies is a long term hold, this fund manager says

Instant messaging software company Slack Technologies (Slack Technologies Stock Quote, Chart, News NYSE:WORK) is raising questions after a successful IPO this summer has turned sour as investors worry about Slack’s staying power versus the much larger Microsoft. For his part, portfolio manager Ki ...

Ryan Holmes exits as Hootsuite’s CEO

Ryan Holmes, the founder and current chief executive officer of Hootsuite has announced his exit as Hootsuite’s  CEO. Stepping down after almost 10 years as CEO, Holmes will be moving to the executive chairman position once the right person is chosen, he announced on Twitter today. Speaking to th ...

Spinoffs, Takeovers and Special Situations Hotline – Friday, November 1, 2019

GFL ENVIRONMENTAL INC. now plans to launch an initial public offering. The company will sell 87.6 million shares of its stock to the public. The final price has yet to be set, but will likely be between $20 U.S. and $24 U.S. A GFL IPO could raise as much as $2.1 billion U.S. The company […] The p ...

Shopify was lucky to IPO when it did, this fund manager says

If you bought the IPO, congratulations. But time’s up for Shopify (Shopify Stock Quote, Chart, News TSX:SHOP). With the market’s growing indifference to tech IPOs south of the border, this Canadian success story had better start showing substantial profits pretty soon. So says money manager Dav ...

Lessons about company building from the WeWork drama

The WeWork drama of the past weeks is a great reminder of how perceptions of a start-up opportunity can change very dramatically in a short period of time. What was one of the highest flying start-ups with a private market valuation of $47B was brought down to Earth when trying to IPO. (Important t ...

Hashtag Trending – WeWork pulls its IPO; Facebook testing out removing visible likes; female streamers face harassment on Twitch

WeWork pulls its IPO; Facebook testing out removing visible likes; female streamers face harassment on Twitch The chaos surrounding WeWork continues and it is trending on Google. Last week saw the exit of their CEO Adam Neumann and rumors that his inner circle will be shown the door along with thous ...

Lyft will never make money, this investor says

Lyft (Lyft Stock Quote, Chart, News NASDAQ:LYFT) has had a rough go of it since its IPO in March with the stock now down more than 45 per cent, but don’t expect the market to start warming up to the ride hailing service anytime soon, argues Gavin Graham of the Income Investor Newsletter. Graham s ...

5 from 5i: IPOs and positive cashflow

Weekly stock market update & five stock related articles we thought were a must-read this week ...

Top Funds' Activity in Q2 2019

Vincent Bielski, Melissa Karsh, Brandon Kochkodin and Paul Murray of Bloomberg report the world's biggest hedge funds piled into Uber and sold Microsoft, among other big moves during the second quarter:The world’s biggest hedge funds anointed a clear favorite: Uber. They piled into the ride-hail ...

Spinoffs, Takeovers and Special Situations Hotline – Friday, August 2, 2019

ARDAGH GROUP SA, $16.87, symbol ARD on New York, is a Luxembourg-based manufacturer of food and beverage packaging. It operates more than 100 facilities in 22 countries. The company launched its IPO in March 2017 at $19 a share. Ardagh announced July 15, 2019, that it would spin off its Food & Spec ...