Tag: Unicorn

Lyft stock, which gained 0.98% on Wednesday, rose 3.54% in pre-market today at 8:00 AM ET. Uber stock rode on Lyft's earnings wave and rose 0.74%.

A few hours ago, Reuters reported that WeWork’s board would meet today to discuss financing proposals from Softbank and JPMorgan Chase.

Peloton stock, which lost 8.9% on September 26 on its public debut, was trading 4% lower on September 27 at $24.73 as of 10:36 AM ET.

In a very brief statement on September 19, Airbnb announced its intention to go public in 2020. The timing of the statement is interesting.

WeWork, which was expected to go public this month, has suspended its IPO at least until next month after a lackluster response from potential investors.

WeWork is gearing up for an IPO. On Wednesday, the company made its IPO filing with the SEC public and expects to garner $3.5 billion from its IPO.

Some of the unicorn stocks that went public this year didn’t have a great July. Slack (WORK), Uber (UBER), and Lyft (LYFT) fell 10.9%, 9.1%, and 7.4%, respectively.