Luckin, a Starbucks rival in China, rises in US stock debut

Business 05/18/19, 03:43

Shares of Luckin Coffee, a fast-growing rival to Starbucks in China, rose 20% in their U.S. stock market debut Friday. The Chinese company, which opened its first store in Beijing less than two years ago, has 2,370 locations and plans to surpass the 3,700 stores Starbucks has in China by the ...

Pinterest reports smaller 1Q loss but results drag stock

Tech 05/16/19, 16:26

Pinterest, fresh off its initial public offering, posted a loss for the first three months of the year that was larger than analysts were expecting, though revenue was slightly stronger. Its revenue forecast, though, was slightly below expectations and its shares slumped in after-hours trading.The company, which runs a digital ...

Uber gets hit again; shares below $40

Business 05/13/19, 07:33

Uber shares are down 7% and trading below $40 before the opening bell. Monday will be the ride-hailing company's first full day of trading after its rough initial public offering Friday when it offered shares for $45 each. It's rare to see shares in a tech company hit so hard on going ...

Update: Uber slides in first day of trading

Business 05/10/19, 11:04

The Latest on ride-hailing giant Uber's initial public stock offering (all times local):11:59 a.m.Uber's shares began trading about $2 below its initial public offering price of $45.A banner for Uber is draped on the front of the New York Stock Exchange before the world's largest ride-hailing service holds its initial ...

Your Uber has arrived, on Wall Street

Business 05/10/19, 06:42

Uber's next stop is the stock market, where it hopes to pick up more investors willing to bet on a ride-hailing market brimming with potential and conspicuously lacking in profits.The world's largest ride-hailing service reached a major milestone Thursday when Uber priced its long-awaited initial public offering at $45 price ...

Uber shifts into lower gear, prices IPO at $45

Business 05/09/19, 16:40

Uber is about to embark on a wild ride on Wall Street with the biggest and most hotly debated IPO in years.The world's leading ride-hailing service set the stage for its long-awaited arrival on the stock market by pricing its initial public offering at $45 per share late Thursday.The price ...

Lyft posts strong growth, big losses in first public quarter

Business 05/07/19, 15:17

Ride-hailing company Lyft is reporting strong revenue growth but substantial losses in its first quarterly earnings report since its rocky stock market debut.Lyft posted revenue of $776 million for the first quarter of 2019, nearly double what it made the same time last year.But the San Francisco-based company lost $1.1 ...

IPOs bring tax jackpot for California; can lawmakers resist?

U.S. 05/05/19, 14:20

Uber and Airbnb are among at least six California-based companies valued at more than $1 billion expected to go public this year, creating a new class of millionaires and billionaires and a welcome quandary for the state's budget writers.Though it's tough to gauge the total tax revenue all those profits ...

Chewy.com hopes to overcome gnawing Wall Street memories

Business 04/30/19, 00:05

PetSmart's online pet store Chewy is selling its stock in an initial public offering that may revive memories of the days when its breed of internet retailing seemed like a lost cause.The Dania Beach, Florida, company is setting out to raise $100 million, but that figure listed in documents filed ...

Work messaging app Slack takes next step for IPO

Tech 04/26/19, 10:31

Work messaging platform Slack is taking the next step in filing to go public, the latest in several highly anticipated tech IPOs.In documents posted with the Securities and Exchange Commission Friday, Slack Technologies Inc. says it posted a loss of $138.9 million on revenue of $400 million in the fiscal ...

Two Zooms are soaring after IPO: Did you buy the wrong one?

Business 04/18/19, 11:28

One IPO, two stocks Zooming higher.Investors on Thursday pounced on their first chance to buy shares of Zoom Video Communications, the video-conferencing company that had its initial public offering of stock. Shares opened higher by 81%.But others may have mistakenly bought Zoom Technologies, a company whose stock was trading for ...

IPO mania: Zoom, Pinterest surge in market debuts

Business 04/18/19, 10:53

Investors are giving unicorn technology companies Zoom and Pinterest a rousing reception in their debuts on the stock market.Zoom Video Communications, which makes video conferencing technology, soared 70% after pricing its initial public offering at $36. Pinterest, which lets users share images of crafts and other projects, jumped 25% after ...

Update: Uber reveals finances as it gears up for IPO

Business 04/11/19, 16:05

The Latest on Uber revealing its finances ahead of its initial public offering (all times local):1:50 p.m.Uber is providing a look under the hood of its business in the lead-up to its hotly anticipated debut on the stock market.FILE- In this June 21, 2017, file photo a man walks into ...

Uber reveals finances as it gears up for IPO

Business 04/11/19, 15:46

Uber is providing a look under the hood of its business in the lead-up to its hotly anticipated debut on the stock market.Documents released Thursday offered the most detailed view of the world's largest ride-hailing service since its inception a decade ago. The unveiling comes four months after Uber took ...

IPWhoa: What to know before joining this year’s IPO wave

Business 04/04/19, 07:33

We use Uber to go places, Slack to chat with co-workers and Pinterest to save our favorite ideas. Why not own a piece of these companies that increasingly dominate our daily lives?That's the question for many regular investors as a parade of well-known technology companies are expected to make their ...

Lyft shares skid below IPO price in first full trading day

Tech 04/01/19, 15:33

Lyft's shares have slumped almost 12 percent in their first full day of trading following the ride-hailing company's initial public offering of stock.The shares closed Monday down $9.28 at $69.01. That's below the San Francisco-based company's IPO price of $72.In their stock market debut Friday, the shares hit $88.60, up ...

Investors hitch a ride on Lyft’s IPO at $72 a share

Business 03/29/19, 02:05

Lyft had little trouble getting investors to hop on board its increasingly popular ride-hailing service, as its initial public offering fetched a $72 per-share price that exceeded even its own expectations.The next big test comes Friday morning when the San Francisco company's stock will begin trading on the Nasdaq exchange ...

Lyft hikes IPO target to $70-$72 a share as excitement rises

Business 03/27/19, 18:49

Lyft is lifting the price target for its initial public offering in a sign of the excitement surrounding the stock market debut of a ride-hailing service that's gaining ground on its rival Uber.With the revision disclosed Wednesday, Lyft is now seeking $70 to $72 per share, up from its previous ...

Digital scrapbooking site Pinterest files for IPO

Business 03/22/19, 18:30

Pinterest is pinning its future on Wall Street, with the digital scrapbooking site on Friday filing for an initial public offering of stock.It follows a similar filing with securities regulators earlier this month by ride-hailing company Lyft in what is shaping up to be a busy season for technology IPOs. ...

Update: Levi Strauss readies for initial public offering

Business 03/21/19, 07:07

The Latest on Levi Strauss & Co.'s initial public offering (all times local):___8:00 a.m.FILE- This Feb. 9, 2018 photo shows Levi's jeans hanging on a wall at Levi's innovation lab in San Francisco. (AP Photo/Jeff Chiu, File)Levi Strauss & Co., which gave America its first pair of blue jeans, is ...

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