DoorDash aims to raise $3.14 billion in much-awaited IPO

(Reuters) – Food delivery startup DoorDash Inc said on Friday it now expects to raise up to $3.14 billion in its U.S. initial public offering (IPO) after lifting its pricing range, signaling a frenzied interest from investors.

a person wearing a helmet: FILE PHOTO: A delivery person for Doordash rides his bike in the rain in the Manhattan borough of New York City

FILE PHOTO: A delivery person for Doordash rides his bike in the rain in the Manhattan borough of New York City

DoorDash, the biggest U.S. third-party delivery company for restaurants, plans to sell 33 million shares at between $90 and $95 apiece, it said in a regulatory filing It had earlier targeted a price range of between $75 and $85 per share.

Founded in 2013, DoorDash is backed by the Vision Fund managed by Japanese tech giant SoftBank Group Corp, venture capital firm Sequoia Capital and the Government of Singapore Investment Corp (GIC), Singapore’s sovereign wealth fund.

Video: DoorDash kicks off IPO roadshow with updated filing (CNBC)

DoorDash kicks

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Flipkart’s digital payments firm PhonePe to raise $700 million from existing investors

NEW DELHI (Reuters) – PhonePe, the digital payments unit of Walmart’s Indian e-commerce arm Flipkart, said on Thursday it would sell a stake to existing investors for $700 million, helping it fuel growth in a crowded market that includes Google and Amazon .

FILE PHOTO: The logo of India’s e-commerce firm Flipkart is seen in this illustration picture taken January 29, 2019. REUTERS/Danish Siddiqui/Illustration

PhonePe’s fundraising, from Flipkart investors led by Walmart, will give it a valuation of $5.5 billion, the company said in a statement.

PhonePe is also using the opportunity to assert its independence from the Flipkart Group which runs a successful e-commerce business in India rivalling Amazon’s local unit.

It will have its own board of directors, which will include founder and CEO Sameer Nigam and former Flipkart boss Binny Bansal, who is no longer at the company he co-founded.

PhonePe will also have employee stock ownership

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Seattle biotech firm Silverback Therapeutics sets terms for IPO, looks to raise up to $151M

Laura Shawver, CEO of Silverback Therapeutics. (Silverback Photo)

Silverback Therapeutics plans to raise up to $151.8 million in its initial public offering, the Seattle-based company said Monday in an updated IPO filing.

The biotech firm will aim to sell 6.95 million shares at $17 to $19 per share. It would be valued at $566 million at the midpoint of the proposed stock price range.

Founded in 2016, Silverback uses a proprietary technology platform called ImmunoTAC to develop therapies that target specific areas of disease in a way designed to avoid damaging healthy tissue. Its lead product candidate, designated SBT6050, uses monoclonal antibodies to target breast, gastric and lung cancers. It’s currently in Phase 1/1b clinical trials, according to its IPO filing.

Silverback raised $210 million in venture capital over its lifetime as a private company, including an $85 million round in September, led by EcoR1 Capital; and a $78.5 million

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AOC played Among Us again to raise money for charities

  • Rep. Alexandria Ocasio-Cortez of New York once again livestreamed a game of Among Us, this time in an effort to raise money for charity.
  • Just hours after posting a link to her Twitch livestream, Ocasio-Cortez announced she had raised $200,000 to go toward food pantry assistance, eviction defense legal funds, and community organizations.
  • Among Us is an online game that has become a Twitch mainstay in recent months. 
  • Ocasio-Cortez has previously leveraged the platform to engage voters. Her last Twitch livestream had an audience of almost 440,000 people who watched her play.
  • Visit Business Insider’s homepage for more stories.

Rep. Alexandria Ocasio-Cortez of New York on Friday once again invited people to watch her play Among Us on Twitch, and this time used the platform to raise $200,000 for charities.

“Today I’m using the stream to fundraise for local food pantries, eviction defense legal aid, & community support organizations,” she

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Comcast will raise prices for TV and internet in January, report says


Get ready to pay more for Comcast services in the new year, a report says.

Angela Lang/CNET

Nationwide price hikes for Comcast’s cable TV and internet service are coming Jan. 1, according to a Wednesday report by Ars Technica. Both standard monthly rates and hidden fees not shown in advertised pricing will reportedly see increases.

TV customers will see a price increase of up to $4.50 a month on the “Broadcast TV” fee, as well as a $2 bump to the Regional Sports Network (RSN) fee, Ars Technica says. That adds up to paying as much as $78 more per year. Currently, the Broadcast TV fee is reportedly between $7.90 to $14.95, depending on the market, while the RSN fee maxes out at $8.75 a month in most areas.

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Comcast to raise internet and TV prices nationwide next year

If you’re a Comcast TV and internet user, prepare for price hikes. The company is planning to increase the prices of a variety of services starting January 1st, 2021, according to Ars Technica and a document detailing the various price increases being shared on Reddit.

The increases include as much as $4.50 per month added to the “Broadcast TV” fee and up to $2 per month added to the Regional Sports Network (RSN) fee, which collectively would add as much as $78 per year.

In a statement to Ars Technica, a Comcast spokesperson confirmed the above fees, as well as a $3 per month increase for internet-only service and up to a $2.50 per month increase for TV boxes on the primary outlet, with a decrease of up to $2.45 per month for TV boxes on additional outlets. (This means the fee for someone’s primary TV box is increasing

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Bitcoin Investigation Giant To Raise $100 Million At $1 Billion Valuation

A new bitcoin unicorn is about to be born. After days of rumors flying around the cryptocurrency industry, investigation firm Chainalysis confirmed exclusively to Forbes it expects to raise $100 million venture capital at a $1 billion valuation as soon as next week. Led by Tiger Global alum Lee Fixel’s newly founded venture capital firm, Addition, the Series C round is expected to be joined by previous investors Accel, Benchmark, and Ribbit.

Though Chainalysis CEO and co-founder Michael Gronager declined to share the actual revenue generated by the firm, Forbes estimates it made $8 million in 2018, and Gronager says its revenue increased by about 96% over the past year. With revenue expected to double next year and again in 2022, the investment is further evidence there’s more money to be made in crypto than by just buying low and selling high.

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HelloOffice Announces Company Name Change to Raise, Launches New Product and Service Line


Raise, the technology-powered commercial real estate brokerage helping companies re-imagine the workplace, announced today the official launch of its re-designed technology platform, new website, and new workplace services offering for all clients. The company will fully transition to Raise Commercial Real Estate from its former moniker of HelloOffice.

“The pandemic accelerated the future of the workplace in a matter of months, what was previously a decade in the making,” said Justin Bedecarre, CEO of Raise. “After surveying hundreds of clients and interviewing workplace leaders across many industries, it was clear to us that the reimagination of work is upon us. The need for intuitive technology and scalable workplace services has never been greater.”

Capitalizing on its $20 million Series A funding raised in the height of the pandemic, Raise is uniquely positioned to help companies both reimagine how they work and build the office of

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Group of radiologists raise money for new technology critical for Nova Scotia cancer patients

A group of radiologists, in collaboration with the QEII foundation in Halifax and the government, were able to purchase a new cancer imaging technology that is reducing waiting times and providing more accurate cancer diagnoses for patients.

a group of people standing in front of a mirror posing for the camera: QEII Radiologists were able to raise money for a new PET-CT scan.

© Nova Scotia Health Authority
QEII Radiologists were able to raise money for a new PET-CT scan.

According to the foundation, PET-CT scan is a diagnostic tool that helps determine the stage and spread of many cancers. PET-CT guides critical decisions for patient care — whether that means additional testing, treatment or surgery.

READ MORE: Navigating a new cancer diagnosis during a pandemic: ‘Everything is upended’

The foundation, which helps fund new technologies and medical research, said in a statement that QEII Radiologists tripled all donations to the QEII Foundation’s PET-CT campaign, to a total of $50,000. This was a total impact of $150,000 — completing the fundraising campaign, which totaled $600,000.


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Newest climate models shouldn’t raise future warming projections

Newest climate models shouldn’t raise future warming projections

One notable storyline in the climate system over the past year or two has been the effort to make sense of the latest generation of climate models. In service of the next Intergovernmental Panel on Climate Change (IPCC) report, the world’s climate models have submitted their simulations to the latest database, known as CMIP6. These submissions showed that updates to a number of models had made them more sensitive to greenhouse gases, which means they project greater amounts of future warming.

Apart from diagnosing the behavior responsible for that change, climate scientists have also wrestled with the implications. Should we be alarmed by the results, or are they outliers? Climate models are only one tool among many for estimating Earth’s true “climate sensitivity,” so their behavior has to be considered in the full context of all the other evidence.

For a number of reasons, research is converging on the idea

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