Category: U.S. Securities and Exchange Commission

Negotiate for ‘better’ stock in equity-funded acquisitions 0

Negotiate for ‘better’ stock in equity-funded acquisitions

Timothy R. Bowers Contributor Andrew P. Dixon Contributor For many founders, building and selling a successful venture-backed company for cash is the ultimate goal. However, the reality is that some companies will instead receive...

Is a direct listing the right choice for your company? 0

Is a direct listing the right choice for your company?

Ran Ben-Tzur is a corporate partner at Fenwick & West. Ran’s issuer-side initial public offerings include Facebook, Fitbit, Upwork, Zuora and Peloton Interactive. Jamie Evans is the co-chair of Fenwick & West’s Capital Markets...

NYSE proposes big change to direct listings 0

NYSE proposes big change to direct listings

The New York Stock Exchange filed paperwork this morning with the U.S. Securities and Exchange Commission to allow companies to raise capital as part of a direct listing. Direct listings are a way for...

Africa Roundup: Goldman leads $30M Twiga raise, China grows tech influence, Jumia weathers lockup-expiry 0

Africa Roundup: Goldman leads $30M Twiga raise, China grows tech influence, Jumia weathers lockup-expiry

Kenya’s Twiga Foods raised a total of $30 million in October from lenders and investors led by Goldman Sachs. This adds to the list of African startups the U.S. financial firm has backed, including...

Revisiting Jumia’s JForce scandal and Citron’s short-sell claims 0

Revisiting Jumia’s JForce scandal and Citron’s short-sell claims

In advance of Jumia’s November financial reporting, it’s worth revisiting the company’s second quarter results, the downside of which included some negative news beyond losses. The Africa focused e-commerce company — with online verticals...

MediaLab acquires messaging app Kik, expanding its app portfolio 0

MediaLab acquires messaging app Kik, expanding its app portfolio

Popular messaging app Kik is, indeed, “here to stay” following an acquisition by the Los Angeles-based multimedia holding company, MediaLab. It echoes the same message from Kik’s chief executive Tim Livingston last week when...

Cryptocurrency’s bad day continues as the SEC blocks Telegram’s $1.7 billion planned token sale 0

Cryptocurrency’s bad day continues as the SEC blocks Telegram’s $1.7 billion planned token sale

Cryptocurrency’s bad news day continues to get worse as the U.S. Securities and Exchange Commission has said it has filed an emergency action and received a restraining order for the $1.7 billion planned token...

Africa e-tailer Jumia’s shares fall 4% day after IPO lockup expiration 0

Africa e-tailer Jumia’s shares fall 4% day after IPO lockup expiration

Shares of Africa focused e-commerce company Jumia dropped 4% the day after the lockup period expired for its April IPO on the New York Stock Exchange. The lockup provision prevents major shareholders — namely...