Pinterest sets the IPO range – TechCrunch



[ad_1]

The Daily Crunch is the synthesis of our most important and important TechCrunch stories. If you would like to receive this document in your inbox everyday around 9 am in the Pacific region, you can subscribe here.

1. Pinterest establishes a range of $ 15 to $ 17 for IPOs, for a valuation of $ 10.6 billion compared to a previous valuation of $ 12.3 billion

Pinterest social media platform filed an updated S-1, in which it set the price range between $ 15 and $ 17 per share, which would give the company between $ 10 and $ 11.3 billion.

This is a difficult (or rather conservative) picture, valuing the company at about $ 2 billion less than its valuation as a private startup when it raised its funds in 2017.

2. To stop copies, Snapchat shares

Evan Spiegel has finally found a way to defend himself against Mark Zuckerberg's army of clones. His plan is to let other apps embed the best parts of Snapchat, rather than creating their own half-price copies.

3. Grab plans to raise an additional $ 2 billion this year to fund a wave of acquisitions in Southeast Asia

After closing a nearly $ 1.5 billion increase with SoftBank Vision Fund in a mbadive multibillion dollar H Series contract, Grab today announced its intention to increase this amount to $ 6.5 billion to strengthen his fight with Go-Jek.

Cinema tickets and popcorn, illustration

Photo: KTSDESIGN / Getty Images

4. Sinemia faces consumer resistance and a clbad action lawsuit against a battery of complaints

Earlier this week, we spoke to Executive Director Rifat Oguz about current service issues. He told us, "As CEO, I can say that we are still learning."

5. Gizmodo Media Group acquired by private equity firm Great Hill Partners

Gizmodo Media Group became part of Gawker Media and was taken over by Univision following Gawker's legal defeat (following a lawsuit by Terry Bollea) and subsequent bankruptcy.

6. Klaviyo Raises $ 150 Million B Series After Building Its Old-Style Company

The co-founder, Andrew Bialecki, wrote in a blog post that the founders decided to start their first years of business, saying it was the right way to start a business – and they did not know how to collect funds.

7. This week's TechCrunch podcasts

Equity's team reflects on Lyft's free fall share price, while Original Content reviews Theranos' documentary, "The Inventor".

[ad_2]
Source link