article thumbnail

Nasdaq Debut Gives Poshmark More Than Double Valuation

PYMNTS

Poshmark saw its valuation more than double following its Nasdaq debut, with shares closing at $101.50, the Wall Street Journal (WSJ) reported on Thursday (Jan. Poshmark’s valuation is now over $3 billion, up from $1.25 FinTech installment lender Affirm more than doubled its valuation when it went public earlier this week.

article thumbnail

Rocket Trims IPO By 39 Pct From $3.3B To $2B After Investors Reject Valuation

PYMNTS

billion and offered 150 million shares for $20 to $22 each, according to a filing with the Securities and Exchange Commission (SEC). Rocket describes itself as the largest retail mortgage lender in the U.S. Last month, Gilbert sought an IPO for $3.3

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Apple Moves Within Striking Distance Of Record $2T Valuation

PYMNTS

10), Apple moved relentlessly closer to becoming the first public company on the planet with a $2 trillion valuation – though whether the tech giant’s stock price can maintain its current blistering pace is being debated by industry analysts. On Monday (Aug. Shares of Apple edged up 1.16 percent to $449.61

article thumbnail

Mobile Health Benefit Platform Accolade Seeks IPO, Has $620M Valuation

PYMNTS

Health tech startup Accolade , with headquarters in Seattle and Philadelphia, filed with the Security and Exchange Commission (SEC) to raise $100 million for an initial public offering (IPO) on Friday (Feb. Lead book-running managers for the IPO included Goldman Sachs, Morgan Stanley and BofA Securities. 28), according to reports. .

article thumbnail

Ant Group Seeks $225B Valuation Ahead Of Planned Dual Listing

PYMNTS

As it aims for an approximately $225 billion valuation, Ant Group intends to seek dual listings in Shanghai and Hong Kong in the weeks to come, Bloomberg reported, citing unnamed sources. A dual listing of $30 billion would come out ahead of the $29.4 billion take of Saudi Aramco per Bloomberg data. The firm contributed $433.7

article thumbnail

Today In Payments: Poshmark More Than Doubles Valuation In Nasdaq Debut; Goldman Taps Marqeta To Power Marcus Digital Checking

PYMNTS

In today’s top news, Poshmark has more than doubled its valuation after its IPO on Thursday, and Goldman Sachs is teaming with Marqeta to power digital checking accounts for Marcus. Nasdaq Debut Gives Poshmark More Than Double Valuation. Decoding QR Codes: Retailers Embrace Simple, Secure Touchless Payments Option.

article thumbnail

Jessica Alba’s Honest Co. Files For IPO; Valuation Could Reach $2 Billion

PYMNTS

Securities and Exchange Commission. Honest was launched in 2012 and sells its products online and through 32,000 retail locations, according to the statement. In recent years, major retail players including Amazon , with its Earth + Eden diapers, and Walmart have entered into the business of selling high-end baby products.

Valuation 108