Tag: billion

Unity Software Raises $1.3 Billion as IPO Priced at $52

Unity Software, a developer of a widely used game development engine, raised $1.3 billion after its initial public offering was priced at the top end of its expected range.

The San Francisco company sold 25 million shares at $52 a share. Earlier this week, Unity Software boosted the expected pricing of its initial public offering to between $44 and $48 a share. It initially had been looking to price the IPO at between $34 and $42 a share.

Unity Software has a market value of $13.7 billion. 

The company, which is well known in the gaming industry but less known in the investment world, more recently has been expanding its efforts beyond gaming platforms, focusing on interactive 3D media. 

Unity Software will begin trading Friday on the New York Stock Exchange under the ticker symbol “U.”

The company’s stock listing comes during a busy week for tech IPOs, particularly from

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Accenture Invests $3 Billion to Help Companies Migrate to the Cloud

Professional services company Accenture  (ACN) – Get Report announced the formation of Accenture Cloud First, a $3 billion investment over the next three years designed to help its clients become “cloud first” businesses. 

Accenture Cloud will help businesses accelerate their digital transformation. The new arm of the company will be lead by Karthik Narain effective October 1. 

The coronavirus has created “a new inflection point” that will force every company to “dramatically accelerate” their moves to the cloud, Accenture CEO Julie Sweet said. 

“Digital transformation requires cloud at scale, and post-COVID leadership requires that every business become a ‘cloud first’ business,” Sweet said. 

Accenture Cloud is a multi-service group of 70,000 cloud professionals with the singular focus of moving companies onto the cloud with speed. 

The company says that is is spending $3 billion to continue advancing industry road maps and data maps as well as cloud AI

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Startups Amazon is backing with its $2 billion climate fund

  • Amazon on Thursday announced the first five startups that will receive cash from the tech giant’s Climate Pledge Fund.
  • Amazon is spending $2 billion on low-carbon technologies through the fund, rivaling the clean-energy industry’s biggest spenders.
  • The company is backing a handful of different technologies in the first group, from carbon-capture to electric transportation. See them all here. 
  • For more stories like this, sign up here for our weekly energy newsletter

Amazon is set to become one of the largest climate-tech funders, after announcing a $2 billion fund as part of its ambition to become a net-zero carbon company by 2040.

Now, it’s clear where the tech giant is spending some of that cash. On Thursday, Amazon announced its first five investments, which are related to carbon capture or electric transportation and motors. 

Through the Climate Pledge Fund, Amazon participated in electric-vehicle startup Rivian’s funding round in July. The company

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Tech tools developer JFrog leaps 62% after raising about half a billion in upsized IPO

  • Software company Jfrog leapt 62% after raising $509 million in its upsized initial-public-offering on Wednesday.
  • The technology tools provider, that counts the top 10 largest tech firms in the Fortune 100 as clients, priced 11.6 million shares at $44 each, valuing the company at about $5 billion.
  • JFrog’s shares began trading on the Nasdaq Global Select market under the ticker symbol “FROG” on September 16.
  • The company’s float joins a list of other hot tech IPOs this week, including billionaire-backed cloud unicorn Snowflake that raised $3.4 billion in its record-breaking software IPO.
  • Visit Business Insider’s homepage for more stories.

American-Israeli technology provider JFrog soared 62% in its Nasdaq debut on Wednesday, after its upsized IPO raised $509 million. 

The “liquid software” company’s shares traded as high as $77 after it priced 11.6 million shares at $44 each. The stock closed at $64.79, valuing JFrog at $5.7 billion.

Founded in

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Global $3+ Billion Female Technology (Femtech) Market Analysis and Forecast, 2019-2020 & 2030

DUBLIN, Sept. 16, 2020 /PRNewswire/ — The “Global Female Technology (Femtech) Market: Analysis and Forecast, 2019-2030” report has been added to ResearchAndMarkets.com’s offering.

The global Femtech market generated a revenue of $820.6 million in 2019 and is estimated to grow over $3.04 billion by the end of 2030.

The market is projected to grow at a CAGR of 12.65%, during the forecast period. There are multiple factors that drive the market such as increasing representation of women in the technological community, raising awareness of women’s health, growing prevalence of infectious diseases among females in low to middle-income countries, and a surge in funding activities, among others.

Despite having huge potential, the Femtech industry is still immensely underfunded accounting for only 1.4% aggregated capital that flows into healthcare. Also, a large number of healthcare venture capitalists are yet to invest in this sector. Indeed, the amount of investment received by

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Lineage Logistics Raises $1.6 Billion in New Equity to Drive Business Growth and Support Further Investment in Technology and Automation

The MarketWatch News Department was not involved in the creation of this content.

Lineage Logistics, LLC (“Lineage” or the “Company”), the world’s largest and most innovative temperature-controlled industrial REIT and logistics solutions provider, today announced it has raised $1.6 billion in equity from new and existing strategic partners. Participating investors include Oxford Properties Group (“Oxford Properties”), BentallGreenOak, D1 Capital Partners, Cohen & Steers, OPTrust, CenterSquare Investment Management, and investment funds managed by Morgan Stanley Tactical Value, among others.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200916005331/en/

“This significant investment — from both new and existing investors — is validation of our business model, our innovative strategy and our plans to continue expanding our footprint as the world’s largest temperature-controlled warehousing and logistics company,” said Greg Lehmkuhl, President and CEO of Lineage. “As we reimagine the food supply chain and execute on our company purpose to eliminate waste

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Buffett-backed cloud unicorn Snowflake nets $3.4 billion in record-breaking software IPO

  • Billionaire investor-backed Snowflake said it would raise $3.4 billion in the largest-ever software IPO, giving it a value of over $33 billion.
  • The cloud-data platform will sell 28 million shares priced at $120 a piece.
  • Snowflake plans to list on the New York Stock Exchange under the ticker symbol “SNOW” from September 16.
  • Its highly-anticipated IPO has managed to capture the attention of billionaire investor Warren Buffett, who agreed to invest over $550 million in the company after going public.
  • Visit Business Insider’s homepage for more stories.

Cloud startup Snowflake raised a record-breaking $3.4 billion on Wednesday, in the largest ever initial-public-offering for a software company on Wednesday, kicking off a big week for technology firms going public this week.

The cloud-data warehousing startup announced that it is selling 28 million shares valued at $120 each, which means it would raise nearly $3.4 billion in proceeds.

Snowflake, which was valued

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Snowflake IPO raises $3.36 billion in year’s biggest U.S. listing

NEW YORK (Reuters) – Snowflake Inc SNOW.N said late on Tuesday that its initial public offering raised $3.36 billion after it was priced above the target range in the biggest U.S. listing so far this year.

The IPO, which was priced at $120 per share, values the cloud-based data warehouse firm at north of $30 billion.

San Mateo, California-based Snowflake said on Monday it was aiming to sell 28 million shares at $100 to $110 per share after its expected pricing was raised from a range of $75 to $85 per share last week.

Snowflake’s IPO eclipses that of Royalty Pharma RPRX.O, which so far was the biggest IPO of 2020, and underscores the recent rebound in the U.S. market for new stocks after the COVID-19 pandemic prompted several companies to put IPO plans on hold.

Snowflake confidentially filed to go public earlier this

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RPT-GRAPHIC-Tech leads crisis-driven M&A boom with $350 billion deal rush

(Repeats story first published on Monday, no changes to text)

Sept 14 (Reuters) – Global M&A volumes are approaching $2 trillion for 2020, with technology making up almost a fifth of the total after mammoth deals such as SoftBank’s $40 billion sale of chipmaker Arm.

Dealmaking has stepped up a gear in September, with Nvidia Corp on Monday announcing the purchase of Arm from Japan’s SoftBank.

Others are coming thick and fast, with Verizon buying Mexican mobile phones provider Tracfone for $6.25 billion and Gilead Sciences to acquire biotech firm Immunomedics for $21 billion.

Such waves are characteristic after downturns, but Refinitiv data shows 2020’s $1.97 trillion total of deals announced so far exceeds $1.26 trillion and $1.6 trillion during the same period in 2009 and 2010 respectively, after the 2008 financial crisis.

“Coming out of recession, there’s usually a bit of catch-up to do and the cost of capital

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Palantir filing suggests valuation of around $25 billion ahead of U.S. listing

FILE PHOTO: The logo of U.S. software company Palantir Technologies is seen in Davos, Switzerland Januar 22, 2020. REUTERS/Arnd Wiegmann

(Reuters) – Palantir Technologies Inc, the U.S. data analytics company known for its secretive work with the Central Intelligence Agency and other government groups, could be worth around $25 billion ahead of a much-awaited public debut, a regulatory filing indicated.

Its shares on the private market traded between $4.17 and $11.50 a piece in August through Sept. 1, the filing here said, and its fully diluted share count stood at roughly 2.17 billion, including unvested stock options and restricted stocks.

Palantir, co-founded in 2003 by billionaire Peter Thiel, is among this year most anticipated public listings, with speculation about how much it is worth and whether investors see it as a lucrative software provider or a less-glamorous consulting business.

Palantir was valued at about $20 billion in its most recent

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