January was a record month for blank check IPOs, and former 49ers quarterback Steve Young is joining the rush, filing last week to raise $275 million as part of a Palo Alto-based SPAC. Here's more on that and other venture news at the start of a new month.
Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today: Sign up here for a webinar on the red-hot IPO market on February 3 at 2:30 pm ET with chief finance correspondent Dakin Campbell.
Shares of Uber rose 7.07% to $56.49 at 12:39 EST on Tuesday, following last session's upward trend. NYSE Composite is jumping 1.53% to $14,819.49, following last session's upward trend, This seems, up to now, an all-around positive trend trading session today. Uber's last close was $52.76, 6.27% under its 52-week high of $60.03.
Shares of Uber jumped 7.67% to $56.81 at 09:37 EST on Tuesday, following last session's upward trend. NYSE Composite is rising 1.38% to $14,596.18, following last session's upward trend, This seems, at the moment, an all-around positive trend exchanging session today. Uber's last close was $52.76, 5.67% below its 52-week high of $60.03.
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Graves' investment joins Chamath Palihapitiya's Social Capital, Mark Cuban and leading institutional investors SAN FRANCISCO , Feb. 01, 2021 (GLOBE NEWSWIRE) -- Metromile, Inc., a leading digital insurance platform and pay-per-mile auto insurer, today announced Ryan Graves, Uber's former senior vice president of global operations, intends to make a $50 million investment in the company personally and through his investment firm, Saltwater.
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After a slow start in 2020, insurtech funding reached a record level of $7.1 billion for the year, with $4.7 billion earmarked for property/casualty startups, according to a quarterly tracker of insurtech funding volume.
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Rhino today announced that it has raised $95 million, an investment that values the startup at just under $500 million. Tiger Global led the round, an investment that Rhino described as "pre-IPO" to TechCrunch. Rhino provides an insurance product to real estate companies, allowing them ...
'Blank check' companies led by former Facebook executive and investor Chamath Palihipatiya have raised billions in IPOs and taken several companies public. But he isn't limiting his activities to mergers involving his many Palo Alto-based Social Capital Hedosophia special purpose acquisition companies (SPACs).
Victory Park's latest shell company seeks a $225 million IPO to acquire high-growth fintechs outside of the US. And European fintech unicorns-starting with eToro-are the most likely candidates. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Fintech industry with the Fintech Briefing. You can learn more about subscribing here.
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Given the constraints of virus lockdowns and worries over health and safety, the bulk of your automobile use may be from grocery-store runs these days. Regardless of where you have gone in the past nine months, you've probably driven less than you did pre-pandemic, and that pattern could continue for many weeks or months to come.
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