WeWork’s Multi-Billion-Dollar Bet on Office Space Appears to Lose Its Luster

The initial public offering of the newfangled property management company WeWork appeared to lose ground this week, as Bloomberg and The Wall Street Journal both reported the company was looking to cut its offer price by as much as half, and might even delay its share sale until next year, citing unnamed sources.  The publications had previously reported that a WeWork roadshow would start next week. The slashing of the offer price, if true, is attributed to a lack of interest in the offering but also concerns about the business…

What Spotify, Dropbox Must Do to Keep Ahead of the Latest Wave of IPOs

Pity last year’s hot initial public offerings — Dropbox (DBX – Get Report) and Spotify Technology (SPOT – Get Report) . The pair have been buried by a rush of hot new IPOs such as Zoom Video Communications (ZM) and PagerDuty (PD) . While the latter have soared since their April debuts by 41% and 29%, respectively, Dropbox is down 15% since its offering in March of last year, and Spotify is basically flat with last year’s debut, a period over which the Nasdaq Composite has risen 10%. It’s a potent reminder…

Zoom and PagerDuty Continue to Outpace Uber and Lyft Among Latest Tech IPOs

Shares of recently public tech names have all rallied this week, but the broader trend is that investors are clearly separating out the wheat from the chaff, as TheStreet predicted not long ago. Shares of Uber (UBER) , Lyft (LYFT) , PagerDuty (PD) , Tufin Software Technology (TUFN) , and Zoom Video Communications (ZM) were all higher Wednesday and Thursday, and though Pinterest (PINS)  struggled on Wednesday, it, too, rallied on Thursday. The trend, however, shows a a separation: the big consumer names, Uber, Lyft, have traded down, while the more focused B2B companies —…

Uber Closes Below IPO Price: Will Investors Believe the Profit Story?

Shares of ride-hailing giant Uber Technologies (UBER) opened Friday on the New York Stock Exchange at $42, below the initial public offering’s price of $45 set the night before. The stock then ended the day at $41.57 — down 7.6% on the session — and where the stock goes from here will reflect not only the depth of investors’ affection for new tech issues, but also whether they believe more in Uber’s potential profit story or its messy current reality. Uber comes to market with slowing growth on several metrics,…

Pinterest, Zoom Surge on Debuts, But Can They Avoid Lyft’s Fate?

Investors got a second and a third bite of the apple on Thursday as two more internet tech names went public following the rocky debut of Lyft (LYFT three weeks ago Both Pinterest (PINS and Zoom Video Communications (ZM  surged at the open. Pinterest opened at $23.75, 25% above its initial offer price of $19, while Zoom started at $65, 81% above its offer price of $36. Will they hold onto these gains, or will either follow the fate of Lyft, which started trading March 29 and is down about 34% from its highs. Thursday’s close…