Mobile

Roblox raises $520 million at $29.5 billion valuation, will go public through direct listing

User-generated game platform Roblox has raised $ 520 million in a new round of funding, and it will still go public through a direct listing where the company’s existing shareholders directly sell shares to investors. The private funding deal values Roblox at $ 29.5 billion. The direct listing offering, or DPO, circumvents the usual initial public […]

Mobile

Lidar startup Innoviz goes public via $1.4 billion SPAC merger

The cutting-edge computer architecture that’s changing the AI game Learn about the next-gen architecture needed to unlock the true capabilities of AI and machine learning. Register here Israeli lidar startup Innoviz Technologies today announced that it will become publicly listed through a special-purpose acquisition company (SPAC) merger, where a “blank check” shell corporation — Collective […]

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Airbnb Tops $100 Billion on First Day of Trading

The home-rental company’s blockbuster I.P.O. followed that of the delivery company DoorDash. Investors piled into both. SAN FRANCISCO — Over the last decade, Airbnb has upended the travel industry, riled regulators, frustrated local communities and created a mini-economy of short-term rental operators, all while spinning a warm narrative of belonging and connection. On Thursday, Airbnb […]