Is Zevia the Next Beverage Giant? An upcoming IPO seeks to kick sugar to the curb: soft drink maker Zevia plans to go public this year. The California-based company makes zero-calorie beverages that use stevia as a natural sweetener. Last year, the soft drink seller estimated that they held … Read More
Busiest Week for New Public Offerings in Over 17 Years From donuts to ride shares, last week’s IPOs resulted in the busiest week for new public offerings since 2004. Within a week’s time, 14 different companies raised over $100 million each. Investment banks like Goldman Sachs and Morgan … Read More
Elon Musk, the celebrity-status CEO behind Tesla and SpaceX, is already fielding questions about an IPO for Starlink, a division of SpaceX focused on providing satellite-based internet services. The centibillionaire has replied that the company will need to establish a “more predictable cash flow” before going public … Read More
As we reach the halfway mark through 2021, U.S. IPOs are already hitting an annual record. This year’s initial public offerings already total $171 billion, overshadowing 2020’s record high of $168 billion. The year of 2021 has consistently been moving ahead with longer strides than 2020: the average … Read More
Robinhood Markets’ highly-anticipated IPO has resulted in substantial growth for the financial services company. In March 2020, Robinhood had 7.2 million retail clients, and a year later that number has risen to 18 million. The brokerage now manages an impressive $80 billion in customer assets, many of … Read More
After its impressive launch, the Chinese ride-hailing company Didi Global fell more than 10% on the New York Stock Exchange just two days later. This comes on the heels of China’s cyberspace agency announcing an investigation to assess possible security risks. The company made a statement that … Read More
The Court Ruling That Brought Notice to NYC Corporations A recent New York City ruling regarding capital gains tax is catching the attention of corporations doing business in the city. Back in 2010, a fund owned by investment bank Goldman Sachs sold a hedge fund manager—a financial company … Read More
Qualified small business stock (QSBS) has been around with its associated tax benefits since 1993 with a rise in interest concerning section 1202--which outlines QSBS--after TCJA went into effect. The Tax Cuts and Jobs Act, which was enacted on January 1, 2018, specifies many changes that affect both … Read More
Two recent IPOs earned venture capitalists billions through their stock market debut: data platform, Confluent, and health tech company, Doximity. Confluent raised an impressive $828 million and Doximity a not-so-paltry $606 million. Behind the scenes, four venture capital firms were quietly named the winners of the day. Which … Read More
The Most Significant Change to Colorado's Tax Code in Over a Decade Colorado’s proposed tax reform has officially become a reality. On June 23rd, Governor Jared Polis signed into law the most significant changes to the tax code that the state has seen in over a decade. Since … Read More