Latest Initial public offerings News

The Latest: Slack becomes latest tech company to go public

Jun. 20, 2019 12:53 PM EDT

NEW YORK (AP) — The Latest on Slack's IPO (all times local): 12:30 p.m. Shares of work messaging platform Slack have begun trading on the New York Stock Exchange under the ticker "WORK." The San Francisco company's shares opened trading at $38.50 and rose 4.4% in midday trading. Slack's initial public...

Slack is latest tech company to go public, with a twist

Jun. 20, 2019 12:48 PM EDT

NEW YORK (AP) — Shares of work messaging platform Slack rose after it started trading under the ticker "WORK." The San Francisco company's shares debuted on the New York Stock Exchange at $38.50 and rose $1.70, or 4.4%, to $40.20 in midday trading. Slack's initial public offering is using an unusual...

This Week: Housing starts, Fed policy update, Slack IPO

Jun. 17, 2019 1:11 AM EDT

A look at some of the key business events and economic indicators upcoming this week: HOUSING BELLWETHER The government's monthly snapshot of U.S. housing starts should provide insight into the state of the new-home market. The Commerce Department is expected to report Tuesday that builders broke ground on new...

Top dog: Shares of online pet store Chewy soar in debut

Jun. 14, 2019 5:05 PM EDT

NEW YORK (AP) — It was raining cats and dogs on Wall Street. Chewy, the online seller of pet food and squeaky toys, made a strong showing in its debut on the New York Stock Exchange Friday, with investors banking on the growing pet industry. Its shares soared 59% Friday under the symbol "CHWY," putting the...

Stocks post small losses; investors look ahead to Fed

Jun. 14, 2019 5:02 PM EDT

NEW YORK (AP) — Stocks ended a choppy week of trading with modest losses Friday as investors look forward to getting more clues about the direction of interest rates. Technology shares drove the declines, and energy stocks also fell a day after leading the market. Some late-day gains in banks and insurers...

Is Beyond Meat overcooked?

Jun. 11, 2019 12:16 PM EDT

NEW YORK (AP) — The price for a share of Beyond Meat almost tripled on the first day of trading in May and that was just a taste of what was to come. By the end of the day Monday, the stock had gained an additional 30 percent. But on Tuesday, Wall Street got a case of heartburn after two analysts from J.P....

Senior executives leave Uber after internal shakeup

Jun. 7, 2019 6:07 PM EDT

NEW YORK (AP) — Uber is parting ways with two of its top executives less than a month after the company's rocky stock market debut. CEO Dara Khosrowshahi told employees in an email Friday that he plans to be more involved in day-to-day operations now that the initial public offering of stock has passed. He...

Plant-based burger maker Beyond Meat beats forecasts in 1Q

Jun. 6, 2019 6:35 PM EDT

Beyond Meat went beyond expectations in its first earnings report since its stock market debut last month. The plant-based meat maker's shares soared after it beat Wall Street's first quarter earnings and revenue forecasts. Beyond Meat also said it expects full-year revenue to hit $210 million this year, more...

Uber shares rise as quiet period ends

Jun. 4, 2019 1:00 PM EDT

NEW YORK (AP) — Uber shares are up in midday trading as its post-IPO quiet period expires and brokers overwhelmingly have rated the ride-hailing company's stock a "buy." Shares are up close to 2% as 15 out of 19 analysts on FactSet rate the stock a buy or the equivalent, with target prices mostly in the...

Uber's Q1 losses reach $1B despite revenue growth

May. 30, 2019 6:20 PM EDT

NEW YORK (AP) — Uber is continuing to bleed money even as it posts dramatic revenue growth. In its first financial report since its lackluster debut on Wall Street, Uber said Thursday that its revenue rose to $3.1 billion in the first quarter of 2019, up 20% from the same time last year, beating...