Left to right: Remitly co-founders Josh Hug, Matt Oppenheimer and Shivash Gulati. (Remitly photo) Seattle-based money transfer company Remitly announced key financial results in its Form S-1 registration statement Monday afternoon, a major milestone on the road to becoming a publicly traded company. Remitly had sales of $ 257 million and a net loss of … Read more
Icosavax creates virus-like particles using technology licensed from the University of Washington’s Institute for Protein Design. (Icosavax photo) Seattle-based Icosavax filed for an IPO just four years after it started at the University of Washington. The company, a spin-out of the UW’s Institute for Protein Design, develops vaccines that resemble naturally occurring viruses. Icosavax initiated … Read more
Hepsiburada – Turkey’s giant online shopping platform considered the Amazon of their country – is floating on Nasdaq today, with a valuation of likely $ 3.9 billion according to current forecasts, particularly with stocks trading as high as $ 14 -Dollars per item are marked (compared to the previously forecast $ 12). . But for … Read more
The Seattle mobile remittance startup has received Remitly an undisclosed equity stake from Visa. The companies already entered into a partnership in 2019 and extended this partnership. Visa cited the deal in its call for profits last month. The investment comes as Remitly is reportedly preparing to go public. Total funding for the 10-year-old company … Read more
Alphawave IP is a global semiconductor IP company focused on the way semiconductors communicate. This will be crucial as 5G data networks are rolled out, for example powering everything from homes, industry and autonomous vehicles. It is interesting, therefore, to note that the Toronto-born company has plans to go public in London valued at $ … Read more
Let’s examine the financial health of the South Korean e-commerce giant Earlier today in the south Korean e-commerce and delivery giant Coupang went public in the United States. As a private company, Coupang has raised billions, including capital from American venture capital company Sequoia and Japanese telecommunications giant SoftBank and its Vision Fund. Coupang’s offering, … Read more
Kuaishou, a Chinese video app largely underrated outside of China, has just completed a massive IPO in Hong Kong. The app is by far the biggest rival to Douyin, the Chinese version of TikTok, and unlike many western video platforms that make money from ads and subscriptions, Kuaishou’s Cash Cow is the tipping business. Kuaishou’s … Read more