January 27, 2022

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All Articles

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By Sophia Kunthara,

 

Digital adoption platform WalkMe closed at $28.81 on Wednesday, 7 percent below its IPO price.

The Israel-based company raised $287 million through its IPO after pricing its shares at $31, the middle of the $29 to $32 price range it had set. At its IPO price, the company reached a valuation of $2.5 billion.

WalkMe’s platform helps organizations measure how their software investments are working for and benefiting them. As digital transformation accelerated during the COVID-19 pandemic, so did WalkMe’s growth. The company, which was founded in 2011, reported revenue of $148.3 million in 2020, up 41 percent from 2019’s $105.1 million.

“What we saw during the pandemic was companies...

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By Joanna Glasner,

Ever since COVID-19 began its global spread, startups have been working on ways to provide more accurate, convenient, or lower-priced tests to detect the virus. Now that several...

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By Sophia Kunthara,

Chinese ride-hailing company Didi Chuxing has filed to go public in the United States.

Didi is more or less the Uber of China. In fact, the company...

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