SHLL.U News

The US's #2 ridesharing app has finally shared its financials. Lyft filed publicly for an IPO that we estimate could raise $3 billion. The "decacorn" booked $2.2 billion in revenue during 2018, a 103% gain over 2017. Meanwhile, losses swelled to about $1 billion. Two...read more

Tortoise Acquisition, a blank check company led by Vincent Cubbage and focused on the energy industry, raised $225 million by offering 22.5 million units at $10, as expected. Each unit consists of one share of common stock and one-half of one warrant to purchase a share of common stock at $11.50 per share. At $10 per unit, the SPAC commands a market value of $281 million. ...read more

Two IPOs and a SPAC plan to raise a combined $350 million in the week ahead. Several companies may launch March IPOs, including cardiovascular disease device maker ShockWave Medical (SWAV), Diamondback midstream services unit Rattler Midstream LP (RTLR), Chinese online brokerage Futu Holdings (FHL), and NASH biotech...read more

In the second week after the SEC opened we saw a number of launches and two billion-dollar biotechs, Alector (ALEC) and Gossamer Bio (GOSS), price their IPOs. Another biotech, Harpoon Therapeutics (HARP), along with three SPACs, also priced their IPOS. Alector, a Phase 1 biotech developing therapies for...read more