IPOs

Price values tech company at $33 billion; shares set to begin trading Wednesday

Snowflake plans to raise $2.38 billion in an initial public offering that could value the company at $23.7 billion at the high end of its range.

Goldman will be a joint lead manager on the Hong Kong leg of the IPO

The pricing potentially values the company at up to 4.8 trillion won ($4.04 billion), considering convertible preferred stocks plus common shares, analysts said.

Best known for its potato chips, the venerable snack brand held its first day of public trading on Monday.

XPeng shares surged in their New York Stock Exchange debut on Thursday.

Chinese electric vehicle (EV) maker Xpeng has increased the size of its U.S initial public offering (IPO) to about $1.49 billion, two sources with direct knowledge of the matter said.

The NYSE submitted amended proposals in June to allow companies to raise capital through direct listings after the SEC declined similar requests by the exchange operator in December.

Gary Cohn, the former economic adviser to President Donald Trump, has teamed up with investor Clifton S. Robbins to seek $600 million in an initial public offering for a new blank-check acquisition company, filings showed on Tuesday.

Palantir warned that unfavorable coverage of its business dealings will be a risk factor when public trading begins.

Unity claims it is "the world's leading platform for creating and operating, interactive real-time 3D content," boasting that in 2019, it made more than half of the top games on mobile, PC, and consoles— including 53 percent of the top 1,000 games in the iOS App Store and Google Play, with 3 billion dowloads per month.  

Google Cloud is investing $100 million into telehealth provider Amwell as part of a new partnership to equip providers, insurers, patients with technology required for high quality and more affordable virtual care.

Airbnb has confidentially filed for an IPO Wednesday with the Securities and Exchange Commission, according to a blog post by the company.