November 28, 2021

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All Articles

Applovin

By Sophia kunthara,

Mobile tech company AppLovin’s stock closed at $65.20 on its first day of trading, nearly 19 percent below its IPO price.

The company’s stock opened at $70 on Thursday, around 13 percent below its IPO price of $80. AppLovin raised $2 billion through its IPO and was valued at more than $28 billion before its lackluster debut on Thursday.

AppLovin helps mobile apps grow their business by matching users to apps and helping developers monetize their apps.

President and CFO of AppLovin, Herald Chen, dismissed the stock’s performance on Thursday, saying the company is focused on its long-term value, rather than just its first day.

“We’re focused on creating equity value for the long term, not just the...

Screen-Shot-2021-10-18-at-1

By Chris Metinko,

Expense management platform Expensify officially filed its S-1 late Friday, joining the parade of enterprise tech companies going public this year.

The...

downward_1-300x169

By Sophia Kunthara, 

 

Shares of clothing rental company Rent the Runway ended their first day of trading below the company’s IPO price, closing at $19.29.

Rent the...

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