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Take profits on hot IPOs and ‘remain grounded,’ Jim Cramer says

by Merchant Moller
Take profits on hot IPOs and ‘remain grounded,’ Jim Cramer says

CNBC’s Jim Cramer told investors not to get greedy and instead take profits in stocks that have run up substantially — especially recent IPOs like Reddit whose valuation is starting …

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Cerebras IPO has ‘too much hair’ as chipmaker tries to take on Nvidia

by Sipho Sepamla
Cerebras IPO has ‘too much hair’ as chipmaker tries to take on Nvidia

Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Collision conference in Toronto on June 20, 2024. Ramsey Cardy | Sportsfile | Collision | Getty Images AI chipmaker …

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AI craze getting funded by tech giants, distorting traditional VCs

by Merchant Moller
AI craze getting funded by tech giants, distorting traditional VCs

Amazon Web Services CEO Adam Selipsky speaks with Anthropic CEO and co-founder Dario Amodei during AWS re:Invent 2023, a conference hosted by Amazon Web Services, at The Venetian Las Vegas …

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Tech founders are shunning IPOs after extended market lull: Techstars

by Sipho Sepamla
Tech founders are shunning IPOs after extended market lull: Techstars

Pedestrians pass the Nasdaq MarketSite in New York, US, on Tuesday, Jan. 2, 2024. Michael Nagle | Bloomberg | Getty Images Silicon Valley is known for producing tech businesses that …

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Waystar shares slip in debut after pricing IPO in middle of range

by Sipho Sepamla
Waystar shares slip in debut after pricing IPO in middle of range

Waystar celebrates its IPO at the Nasdaq, June 7, 2024. CNBC Waystar shares slid about 3% in their Nasdaq debut on Friday, after the health-care payment software vendor priced its …

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Morgan Stanley sees 10 to 15 more tech IPOs in 2024, better 2025

by Sipho Sepamla
Morgan Stanley sees 10 to 15 more tech IPOs in 2024, better 2025

Following a long period of waiting, “the IPO market’s back.” That’s according to Colin Stewart, Morgan Stanley’s global head of technology equity capital markets. In an interview with CNBC’s “TechCheck” …

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(RBRK) starts trading on New York Stock Exchange

by Sipho Sepamla
(RBRK) starts trading on New York Stock Exchange

Bipul Sinha, CEO, Chairman & Co-Founder of Rubrik Inc., the Microsoft backed cybersecurity software startup, rings the opening bell during his company’s IPO at the New York Stock Exchange (NYSE) …

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Rubrik prices IPO at $32 per share, above the expected range

by Merchant Moller
Rubrik prices IPO at  per share, above the expected range

Bipul Sinha, co-founder and CEO of data security software company Rubrik. Sinha previously backed cloud management company Nutanix. Greylock Partners Rubrik, a data-management software company backed by Microsoft, priced its …

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Andreessen Horowitz raises $7.2 billion across five funds

by Sipho Sepamla
Andreessen Horowitz raises .2 billion across five funds

Marc Andreessen and Ben Horowitz Getty Images Andreessen Horowitz said Tuesday that it raised $7.2 billion across five different funds, a sign of optimism in the tech startup world, which …

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Wells Fargo kicks off our bank earnings Friday. Rate cuts and dealmaking will be in focus this season

by Merchant Moller
Wells Fargo kicks off our bank earnings Friday. Rate cuts and dealmaking will be in focus this season

What a difference a year makes. Club holding Wells Fargo will post quarterly results on Friday, followed by our other financial holding, Morgan Stanley, on Tuesday. The industry’s first-quarter results …

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