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10 Monday AM Reads

Barry Ritholtz

The initial public offering market is closed. Barron’s ) • Why It’s So Hard for China to Shake the ‘Uninvestable’ Tag : In 2021, Goldman Sachs said the word was starting to feature in a number of client conversations about the country’s stocks. Bloomberg ) see also How Much is the Rule of Law Worth to Markets?

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Paysafe Readies $9 Billion IPO Via SPAC

PYMNTS

billion in an August initial public offering (IPO), and its shares on Friday sat at $10.62 with a market value of $1.95 The SPAC is likely to raise around $1 billion in new equity to bolster the transaction. Foley's Foley Trasimene Acquisition Corp. II SPAC raised $1.47 billion, Bloomberg reported.

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Today In Payments: New Funding Values Tink At $824 Million; Starbucks Shifts 45 Pct Of Stores Toward Drive-Thru, Order Ahead

PYMNTS

Shares of Airbnb soared more than 110 percent from their initial public offering (IPO) price of $68 to finish out the day at $144.71. Brian Chesky, Airbnb’s CEO, said that prior to Airbnb’s IPO, the company was thinking about changing how consumers arrange their trips, as telecommuting is possible for a number of individuals.

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953: Lessons From the Mobile Era | Rodrigo Brumana, CFO, Poshmark

CFO Thought Leader

You can sell used products or you can sell new with tags, but the main thing is that it’s really fun. What we do, essentially, is to support the resale, or re-commerce, market. The other thing that I think is important here is to mention that we went IPO in 2021. So, what is unique about Poshmark?

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Dial-Up Amazon Turns 25 This Month

PYMNTS

By the time of its initial public offering (IPO), the startup from Seattle was poised as the ultimate disruptor to these and other industries, ushering in an era of the same. 10,000 invested [at the IPO price/date] would be worth more than $12 million as of May 2020. Meet the New Boss. In many ways, it invented eCommerce.

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B2B FinTech Could Earn Index Ventures $2 Billion This Year

PYMNTS

Index Ventures’ portfolio includes iZettle and Adyen , with unconfirmed reports of a Funding Circle initial public offering (IPO) that could push Index Ventures into the $2 billion mark. Forbes reports highlighted the geography of the FinTechs — all based in Europe — as exemplary of the market’s industry strength.

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SME Cybersecurity Attracts $112M In Float

PYMNTS

In the first technology IPO of the year, SME security firm SecureWorks raised $112 million. An array of factors, especially market volatility, led investors to be more conservative, reports said. Still, according to reports, SecureWorks’ float is likely to pave the way for more technology IPOs this year. for 9 million shares.