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Report: Digital Lender SoFi Eyes IPO Via SPAC

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Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company, Reuters reported, to help it debut on the stock market. The news reveals CEO Anthony Noto 's aspirations to go public after he succeeded SoFi Co-Founder Mike Cagney in 2018. SoFi was valued at $4.8

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SoFi-Social Capital Merger Will Fuel Growth Of One-Stop-Shop Financial Supermarket

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Online FinTech startup SoFi announced Thursday (Jan. 7) that it was merging with publicly-traded Social Capital in an $8.6 billion deal that brings it instant liquidity and avoids the uncertainty of the initial public offering (IPO) process, while leaving it better positioned to take on legacy banks.

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Online Styling Company Stitch Fix Might Be Considering IPO

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Online styling company Stitch Fix is in preliminary discussions with bankers regarding an initial public offering, according to Fortune. Founded in 2011, the company offers a subscription service of regular fashion “fixes,” or curated boxes of clothing compiled by both human stylists and data analytics.

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Investors Turn Their Noses Up At Online Lending

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Online lending was all the rage even a few months ago, but funding going toward online lending platforms is on the decline. equity investments going toward online lending companies fell 44 percent in the first half of 2016 to $2.1 According to PitchBook, online lending startup companies were able to raise $12.6

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GameStop's Top Investor Sees Epic Battle With Amazon

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In 2011, Cohen started Chewy.com and went on to serve as CEO. By 2016, Chewy had sales of $900 million and had raised millions in venture capital backing. In 2017, PetSmart bought the online pet store for nearly $3.4 Right now, GameStop’s focus is on video games, consumer electronics and gamer merchandise.

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Funding Could Bring The RealReal To $1B Valuation

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The RealReal , an online retailer for authenticated luxury consignment, has authorized the sale of up to $70 million in new shares that could put its valuation at $1.06 Earlier this year, it was reported that the online retailer was considering an initial public offering (IPO) for later this year.

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IPO Could Make Or Break Delivery Hero In Race Against Uber, Amazon

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Online food delivery platform startup Delivery Hero is going public , following in the footsteps of GrubHub, Just Eat and Takeaway.com. Delivery Hero was founded in Berlin in 2011. Close to 19 million of the shares to be offered will come from a capital increase, according to Delivery Hero. With shares priced at €22.00 ($24.53

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