Financial Markets
Top stories summarized by our editors
5/17/2019

Chinese coffee startup Luckin Coffee raised $571.2 million in its initial public offering on the Nasdaq. That figure could grow to $650.8 million if underwriters fully exercise their options on greenshoe shares.

Full Story:
TechCrunch
More Summaries:
Luckin Coffee
5/17/2019

Fiverr, an Israel-based freelance marketplace that has become an important part of the gig economy since its launch in 2010, has filed for an initial public offering on the New York Stock Exchange.

Full Story:
TechCrunch
More Summaries:
Fiverr
5/17/2019

MultiVu, a 3D-imaging startup based in Tel Aviv, Israel, that is working on single-sensor technology, raised $7 million in its seed round.

Full Story:
TechCrunch
5/17/2019

GetYourGuide, a Berlin-based travel startup, has raised almost $500 million in a funding round led by the SoftBank Vision Fund. The company plans to use the money to expand the variety of tours and events it offers.

Full Story:
Reuters
More Summaries:
Softbank Vision Fund
5/17/2019

Qualys has formed an ascending triangle, raising the likelihood of a price breakout, writes technical analyst Chad Shoop, CMT. "Knowing that triangles are continuations patterns means we can predict that the breakout should be to the upside," Shoop writes.

Full Story:
Investopedia
More Summaries:
CMT, Chad Shoop, Qualys
5/17/2019

Tech breakouts Shopify, MongoDB and Okta have potential to weather market jitters, technical analyst Tyler Craig writes. "They boast growth metrics that Wall Street has been rewarding with big-league gains, and I see no reason why the gravy train won't continue," Craig writes.

Full Story:
InvestorPlace
More Summaries:
Tyler Craig
5/17/2019

Housing starts climbed almost 6% in April but fell short of the pace a year earlier, according to the US Commerce Department. Building-permit issuance edged up less than 1%, suggesting the trend is unlikely to accelerate.

Full Story:
MarketWatch
More Summaries:
US Commerce Department
5/17/2019

It is still too early to determine how Uber will perform in public markets following its disappointing initial public offering. However, the failed promise of a blockbuster offering in a hot market will weigh on other high-profile tech firms that plan to go public this year, such as Postmates and WeWork.

5/17/2019

Deliveroo, a British food-delivery service active in Asia, Europe and the Middle East, raised $575 million in a funding round led by Amazon. The new capital will fund growth, Deliveroo CEO and co-founder Will Shu said.

More Summaries:
Amazon, Deliveroo, Deliveroo
5/16/2019

The U.K.'s Lloyds Bank is continuing the saga of its iconic black horse with the addition of a black foal, the two traveling together to Aron Wright's "Look After You". Catherine Kehoe, managing director for group brands and marketing at Lloyds Banking Group, says that the new campaign will highlight intergenerational relationships and promise consistency in the face of challenges.