Tootfinder

Chinese automaker Geely's ride-hailing arm CaoCao raised $236M in a Hong Kong IPO, listing 19% below its offer price; its market cap was $2.42B as of Wednesday (Kensaku Ihara/Nikkei Asia)
https://asia.nikkei.com/Business/Marke

China ride-hail app CaoCao raises $236m in Hong Kong debut
Geely-backed service seeks to challenge market leader Didi

SEC filing: Ambiq Micro, which makes ultra-low power chips, is seeking to raise as much as $85M from its IPO, marketing 3.4M shares at $22 to $25 each (Anthony Hughes/Bloomberg)
https://www.bloomberg.com/news/articles/2025-07-21/arm…

Chipmaker Ambiq Micro Starts Marketing US IPO
Ambiq Micro Inc., a maker of ultra-low power semiconductors for artificial intelligence applications, is seeking to raise as much as $85 million from an initial public offering.

#Figma's $300,000 Daily #AWS Bill Highlights Cloud Dependency Risks
https://www.infoq.com/news/2025/07/figma-a…

Seattle-based tax compliance software maker Avalara, acquired by Vista Equity Partners in a 2022 deal valuing it at $8.4B, confidentially files for a US IPO (Prakhar Srivastava/Reuters)
https://www.reuters.com/business/tax-software-compan…

A little reminder that DuckDuckGo is venture capital (VC) funded.
The way VC works:
1. You get VC
2. You grow as fast as you can (or fail fast)
3. You sell (either to a larger corporation or to the public in an IPO; this is called the “exit”)
(In case any of you are surprised by recent/future developments.)
#DuckDuckGo

SPAC Insider: SPACs are booming in 2025, with 74 blank check companies going public so far in 2025, raising about $14.7B and beating 2022 total of $13.4B (Lucinda Shen/Axios)
https://www.axios.com/2025/07/18/trump-tariffs-spac-ipo

SPACs hit $14.7 billion this year
74 blank check companies have gone public via deSPAC transaction this year.

Candle Media co-CEO Kevin Mayer says Candle plans to sell or IPO its individual brands rather than the overall company, marking a shift from its original plan (Kerry Flynn/Axios)
https://www.axios.com/2025/06/17/moonbug-candle-media-kevin-mayer

Candle Media's Kevin Mayer eyes exits for Moonbug and other brands
The strategy marks a departure from Candle's original plan.

Wealthfront, which uses AI to build investment portfolios, confidentially files for a US IPO; it was valued at $1.4B in 2022 during a failed acquisition by UBS (Prakhar Srivastava/Reuters)
https://www.reuters.com/technology/wealthf

Chime priced its US IPO at $27 a share, above the expected range, raising ~$700M and another $165M from shares sold by investors, valuing the company at $11.6B (MacKenzie Sigalos/CNBC)
https://www.cnbc.com/2025/06/11/chime-ipo-fintech.html

Chime prices IPO at $27 per share, valuing fintech company at $11.6 billion ahead of Nasdaq debut
Chime's debut set for Thursday follows recent listings from eToro and Circle, with investors watching closely to gauge broader appetite for fintech offerings.

AI-powered virtual physical therapy startup Sword Health raised $40M led by General Catalyst at a $4B valuation, up from its $3B valuation from June 2024 (Marina Temkin/TechCrunch)
https://techcrunch.com/2025/06/17/sword-h…

Sword Health nabs $40M at $4B valuation, pushes IPO plans to at least 2028 | TechCrunch
The digital health startup says it secured the fresh capital to update its valuation and finance acquisitions.

Chime opened at $43 in its Nasdaq debut on Thursday, after selling shares at $27 each in an IPO in which the neobank raised $700M and was valued at $11.6B (MacKenzie Sigalos/CNBC)
https://www.cnbc.com/2025/06/12/chime-opens-at-4…

Chime opens at $43 in Nasdaq debut after pricing IPO above expected range
Chime began trading Thursday on the Nasdaq under the ticker symbol CHYM.

Props to E*TRADE, they have a very simple no-bullshit online account closure. I had to open one to buy the $RDDT IPO. I donated the profits I made flipping the stock.

Don't leave for the weekend without reading today's Metacurit for the most critical infosec developments you should know today, including
--US sanctions Filipino firm for pig butchering scams that cost Americans $200 million
--DIA IT specialist tried to share classified info,
--Oz firms must now report paying ransom,
--Oregon bans sale of precise geolocation data,
--CISA's KEV catalog has unexploitable flaws,
--ConnectWise reports APT cyberattac…

US sanctions Filipino firm for pig butchering scams that cost Americans $200 million
DIA IT specialist tried to share classified info, Oz firms must now report paying ransom, Oregon bans sale of precise geolocation data, CISA's KEV catalog has unexploitable flaws, ConnectWise reports APT cyberattack, Imposter posed as WH chief of staff, Netskope preps for $500m IPO, much more

Peter Thiel-backed crypto exchange Bullish files for an IPO, plans to trade on the NYSE, and reports a net loss of ~$349M on digital asset sales of $80M in Q1 (Bloomberg)
https://www.bloomberg.com/news/articles/2025-07-18/bull…

Virtual chronic care company Omada Health closed up 21% in its Nasdaq debut after raising about $150M in its IPO, valuing the company at just over $1B (Ashley Capoot/CNBC)
https://www.cnbc.com/2025/06/06/omada-shares-open-at-23-in-na…

Omada shares pop 42% in Nasdaq debut after health tech company's IPO
Omada Health became the latest tech company to hit the Nasdaq on Friday, as the IPO market picks up steam.

Winklevoss twins' crypto exchange Gemini says it has confidentially filed for an IPO in the US, after SEC dropped its probe and Gemini settled with CFTC for $5M (MacKenzie Sigalos/CNBC)
https://www.cnbc.com/2025/06/06/winklevoss

Winklevoss twins' crypto firm Gemini confidentially files for IPO
Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has confidentially filed for a U.S. IPO.

Filing: neobank Chime plans to sell 26M shares in its IPO at $24 to $26, giving it a valuation between $10.3B and $11.1B; its two co-founders own 4% to 5% each (Cory Weinberg/The Information)
https://www.theinformation.com/briefings/chime-sets-ipo-…

Chime Sets Tentative IPO Price at Around $10.7 Billion
Banking app Chime plans to sell shares in an initial public offering at a price that would value it at between $10.3 billion and $11.1 billion, on a fully-diluted basis, the company said in a new securities filing Monday. The company set the price range ahead of a roadshow to meet investors over the next week, ahead of its IPO. The per-share price of the range, between $24 and $26, is more

Figma files for an IPO, plans to trade on the NYSE under FIG, and reports Q1 revenue increased 46% YoY to $228.2M and net income grew from $13.5M to $44.9M YoY (Jordan Novet/CNBC)
https://www.cnbc.com/2025/07/01/figma-fig-files-for-ipo-as-tec…

Figma files for NYSE debut as tech IPO market gains steam
Figma filed its IPO prospectus on Tuesday, as the design software vendor looks to raise money and awareness to take on Adobe.

Crypto custody company BitGo confidentially files for a US IPO; it raised $100M at a $1.75B valuation in August 2023 (CoinDesk)
https://www.coindesk.com/business/2025/07/21/bitgo-files-to-go-public-as-crypto-market-surges-past-…

Sources: Chinese AI startup MiniMax files confidentially for a Hong Kong IPO, targeting a $4B valuation and aiming to raise $510M , set to float by 2025's end (Reuters)
https://www.reuters.com/world/asia-pacific

Source: Chime's IPO is expected to price at ~$11B, down from its $25B private valuation in 2021; every VC-backed IPO in the past 12 months has been a down round (Cory Weinberg/The Information)
https://www.theinformation.com/articles/every-vc-ba…

Every VC-Backed IPO in the Past 12 Months Has Been a Down Round
When banking app Chime goes public next month, it will mark the eighth straight venture capital–backed initial public offering in the past 12 months to be valued less than it was in private fundraising rounds. Chime, for instance, was valued at $25 billion in 2021, but its bankers have been ...

Shares of Circle jumped 124%, opening at $69.50 on the NYSE, after the stablecoin company raised almost $1.1B in an IPO (Tanaya Macheel/CNBC)
https://www.cnbc.com/2025/06/05/stablecoin-issuer-circle-soars-in-…

Stablecoin issuer Circle soars 124% in NYSE debut after pricing IPO above expected range
Circle joins Coinbase, Mara Holdings and Riot Platforms as one of the few pure-play crypto companies to list in the U.S. 

Crypto asset manager Grayscale confidentially files draft IPO paperwork with the US SEC, offering few details; the DCG subsidiary manages $30B (Naga Avan-Nomayo/The Block)
https://www.theblock.co/post/362457/grayscale-confidentially-files-d…

Sources: Peter Thiel-backed crypto exchange Bullish has confidentially filed for a US IPO amid surging demand for digital assets under the Trump administration (Financial Times)
https://www.ft.com/content/1f0442f9-48f5-4fe3-890b-9acbb7057d2f

Peter Thiel-backed crypto group Bullish files for Wall Street IPO
Group seeking to tap a wave of enthusiasm for digital assets as Trump vows to cut regulations

Klarna launches a $40/month unlimited mobile plan in the US via a partnership with telecom services startup Gigs, following similar offerings by Revolut and N26 (Ryan Browne/CNBC)
https://www.cnbc.com/2025/06/18/klarna-ceo-outlines-plan-to…

Klarna CEO wants to turn the platform into a 'super app' with AI
The buy now, pay later giant's IPO may be on hold — but its business strategy remains the same, according to CEO Sebastian Siemiatkowski.

Source: Circle priced its upsized IPO at $31 per share, above marketed range of $27 to $28, raising nearly $1.1B and valuing the company at approximately $6.9B (Anthony Hughes/Bloomberg)
https://www.bloomberg.com/news/articles/20

Austin-based Ambiq Micro, which makes ultra-low power chips, files for an IPO and reports an $8.3M net loss on $15.7M in revenue in the three months to March 31 (Anthony Hughes/Bloomberg)
https://www.bloomberg.com/news/articles/20

Sources: Shein plans to file confidentially for a Hong Kong IPO; filing confidentially remains relatively rare in Hong Kong (Reuters)
https://www.reuters.com/business/retail-consumer/chin…

A profile of Airwallex co-founder Jack Zhang, who turned down Stripe's $1.2B offer seven years ago; the fintech is now valued at $6.2B and plans an IPO in 2026 (Emily Mason/Bloomberg)
https://www.bloomberg.com/news/articles/20…

Apple supplier Lens Technology, one of the top smartphone part makers, raised ~$608M in its Hong Kong IPO, as the Chinese company looks to expand overseas (Peggy Ye/Nikkei Asia)
https://asia.nikkei.com/Business/Markets/Ap…

Apple supplier Lens Tech opens 4% up on first Hong Kong trading day
Chinese company raises $608mn to fund overseas expansion amid US tariff pressure

Indian digital payments company Pine Labs files for an IPO in India to raise up to ~$304M; source: Pine Labs is seeking a valuation of between $5B and $6B (Vivek Kumar M/Reuters)
https://www.reuters.com/world/india/indian…

Circle applies for a US national trust bank license, which would let it act as a custodian for its own reserves and hold crypto for its institutional clients (Hannah Lang/Reuters)
https://www.reuters.com/sustainability/boa