Tag Archives: goldman sachs

Japanese consumer instant credit provider Paidy has announced that it raised $143 million in investment capital from institutional investors. The new financing round includes $83 million series C financing extension and debt financing of $60 million. The series C funding included participants such as PayPal Ventures, the Famed Soros Capital Ventures, JS Capital Management and Tybourne Capital Management and an unnamed investor.The financial institutions that initiated the debt financing...

New analysis from Goldman Sachs says America’s largest companies could spend more than $2.7 trillion of cash next year.The report predicts that cash spending will rise by around 2% in the next year amid a rise in growth investments.The bank however claims that there will be a 6% decline in spending by S&P 500 companies this year. This shrinking comes because of the 20% slump in cash acquisition spending and a 15% decrease in stock buybacks.Still, Goldman experts believe companies in the...

Robinhood, the financial services and stock-trading company based in California, has just announced its launch of a new feature called Cash Management. According to the announcement, the new feature which will come with a Mastercard debit card will allow its users to earn an annual percentage yield (APY) of 2.05% on all unused funds left in brokerage accounts. Users can now visit Robinhood and join a growing waitlist, to take advantage of Cash Management and reserve a debit card.In December...

Although Apple is making an aggressive move in the fintech and global payments industry, the tech giant has no plans to step in the crypto space for now. Apple Inc’s chief executive officer Tim Cook recently said that his company has no plans to launch its own digital currency.During an interview with French financial newspaper Les Echos, Cook said that matters related to currency should remain in the hands of countries and their respective governments. He added:“I really think that a...

Some say that Silicon Valley is the new Wall Street, but could there be deeper reasons why tech companies like Facebook compete with banks like Goldman Sachs for engineers? It used to be banks that attracted the brightest. Before the financial crisis of 2008, Wall Street loved to hire mathematicians, physicists, and even rocket scientists to create innovative – and often very complex – financial products. They would design new derivatives and investment strategies and run quantitative risk...

Peloton Interactive Inc., a fitness company popular for its engaging workout routines run on its exercise equipment, has announced on Wednesday, its decision to fix its share price at $29 each, for its initial public offering (IPO). The company’s press release announces that the public offering will begin today September 26 with the “PTON” ticker code and will offer 40 million shares of its Class A common stock.Peloton is looking to raise $1.16 billion with a minimum of $8 billion as the...

Photo: Peloton / TwitterMaker of stationary bikes Peloton finally revealed some more info of the company’s plan to go public. The fitness startup famous for their on-demand workout programs on exercise bikes, announced they are planning to raise $1.33 billion in an initial public offering (IPO).Peloton filed to become a public company in August and now, according to a Securities and Exchange Commission filing, they plan to offer 46 million shares at a price range between $26 and $29 per...

Californian digital content delivery and Internet security company Cloudflare announced they have raised their IPO price range from a previous $10 to $12 interlude to $12 to $14 per share.This company seems to believe in themselves because it’s quite unusual for a unicorn like this to adjust the number of shares it expects to sell in its public debut. However, it seems that at the new prices they have set up, Cloudflare could be valued between $3.5 billion and $4.1 billion.Let’s just remind...

The owner of office space company WeWork burned through $900m in the first six months of this year and documents filed with regulators reveal The We Company, valued at about $47bn, invested heavily in expansion. Because of these losses, SoftBank, the biggest external shareholder in WeWork, advised this property group to delay its hotly anticipated initial public offering.Just for reminder, WeWork’s parent company, the We Company, wants to raise between $3 and $4 billion in its flotation....

One of the world’s leading cryptocurrency startups, Circle, is seeking to raise $250 million according to sources directly involved with the initiative. Circle is the operator of the Poloniex cryptocurrency exchange, currently ranked 74 in the world by volume on Coinmarketcap. The firm acquired Poloniex for $400 million and also runs an institutional trading branch called Circle Trade.$246 Million Previously RaisedCircle was valued at a formidable $3 billion at the time of its last funding...