Elanco Animal Health (ELAN) raised $1.5 billion and popped 50% on Thursday. The Eli Lilly spin-off had a better first-day return than any billion-dollar IPO since Twitter in 2013 (+73%). Higher than Snap in 2017 (+44%), Alibaba in 2014 (+36%), and close peer...read more
Snap hopes its estimated 2017 sales of about $1 billion, up 150% from 2016, will be enough to justify a rumored $25 billion price tag. That valuation hinges on investors' confidence that it can increasingly monetize a fast-growing user base (...read more
Snap's highly-anticipated IPO filing has hit, and its $3 billion deal size is larger than every 2016 tech IPO combined. The social media juggernaut is on track to price in early March. Investors will no doubt compare Snap with Facebook (Nasdaq: FB) and...read more
The biggest tech IPO since Alibaba's (BABA) late 2014 debut, LINE (LN) joined a select group of technology companies that have raised more than $1 billion. The Japanese messaging platform traded up around 25% on its opening day, above the 22.5% average pop...read more
Elanco up 50% in best billion-dollar IPO pop in 5 years
Elanco Animal Health (ELAN) raised $1.5 billion and popped 50% on Thursday. The Eli Lilly spin-off had a better first-day return than any billion-dollar IPO since Twitter in 2013 (+73%). Higher than Snap in 2017 (+44%), Alibaba in 2014 (+36%), and close peer...read more
Snap has a rumored valuation of $25 billion. Could it be $100 billion in a few years?
Snap hopes its estimated 2017 sales of about $1 billion, up 150% from 2016, will be enough to justify a rumored $25 billion price tag. That valuation hinges on investors' confidence that it can increasingly monetize a fast-growing user base (...read more
Snap, Facebook and Twitter: How the social media giants stack up
Snap's highly-anticipated IPO filing has hit, and its $3 billion deal size is larger than every 2016 tech IPO combined. The social media juggernaut is on track to price in early March. Investors will no doubt compare Snap with Facebook (Nasdaq: FB) and...read more
LINE is the 8th billion-dollar tech IPO in a decade
The biggest tech IPO since Alibaba's (BABA) late 2014 debut, LINE (LN) joined a select group of technology companies that have raised more than $1 billion. The Japanese messaging platform traded up around 25% on its opening day, above the 22.5% average pop...read more