Pandocap Demystifying the capital markets by bringing you quick clips and easy-to-understand information. Targeted news isn’t just for investors or wall street insiders.
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It’s our way of giving every community equal access to top line intelligence.

As a former founder and now a Partner at LAT VC it is so great to hear amazing stories of other founders who have broken...
04/01/2022

As a former founder and now a Partner at LAT VC it is so great to hear amazing stories of other founders who have broken through the norms such as Brittany of Shop Latinx Marketplace]. Thank you to for always doing an incredible job of telling our stories thorough . Gracias to LA Nueva Link for your platform. We are moving forward together!
Listen to the full episode in my link.
Adelante Shop Latinx Marketplace]

We had a great week in D.C. Originally we were supposed to share the stage with Obama but he got COVID!  I was very sad ...
03/16/2022

We had a great week in D.C. Originally we were supposed to share the stage with Obama but he got COVID! I was very sad but made the best of it and still did my thing. Although we didn’t see him this time we have something up our sleeve for next time! A surprise is coming in the fall 😃.

The big take away from D.C. is that the Latino community still is incredibly behind when it comes to investing, financial literacy and access to capital. While we continue to recognize and call this out what feels different today and there are people and strategies forming to change it and the effect will be felt soon. Keep pushing amigos!

Well if I have been quite this is what I have been up to! “We are pleased to have Laura join our team given her experien...
03/08/2022

Well if I have been quite this is what I have been up to!

“We are pleased to have Laura join our team given her experience and her passion for Latina(o) entrepreneurs”— Sol TrujilloSAN FRANCISCO, CALIFORNIA, UNITED STATES, March 8, 2022 /EINPresswire.com/ -- Laura Moreno Lucas Named Partner at LAT VC
The $100 million fund focuses on Latina and Latino Entrepreneurs

LAT VC announced today the appointment of Laura Moreno Lucas as Partner. Laura was previously a Managing Director of the Nasdaq Stock Exchange, and is founder of Pandocap, a strategic financial advisory services firm. LAT VC is a $100M purpose-led venture fund that invests in the early-stage U.S Latino-led and owned businesses with large and high-growth opportunities such as Recruitology, Yaydoo, Flow, and Omnitron.

“We are pleased to have Laura join our team given her experience and her passion for Latina(o) entrepreneurs,” says Sol Trujillo, Founding Partner of LAT VC.

Laura is a two-time founder who had an exit with Ladada, a fashion subscription company. Having worked with thousands of entrepreneurs and mentors at 500 Startups and immigrated from Mexico to the U.S. when she was seven years old, she understands the difficulties faced by Latino business owners. In her role at LAT VC, she will be leading investor and external relations, focusing on expanding the founder and investor ecosystem that recognizes the market shift driven by the massive $2.7 trillion U.S. Latino cohort, which is generating 1 in every 4 new entrepreneurs.

recently revealed that VC investment in Latino-founded startups in the US has stalled at around two percent at the early stages, per their dataset.

“To remedy the disparity, we will be bold with sizable capital, global expertise, and resources to not only accelerate positive outcomes but also help founders retain wealth,” says Lucas.

Alongside Sol Trujillo, Gary Acosta, Kennie Blanco, and new partner Oscar Munoz, Laura and the team are on a mission to change the face of venture capital and entrepreneurship.

We are back! We're excited to host LATAM Venture Fair, scheduled on January 25 at 1 PM EST.The panel discussion will be ...
01/24/2022

We are back! We're excited to host LATAM Venture Fair, scheduled on January 25 at 1 PM EST.

The panel discussion will be headlined by leading VCs, experts, and investors from the region talking about 'The Historic Unicorn Breakthrough in Latin America'.  Link in bio!

The panel discussion will be followed by startup pitches from eight promising tech startups from Latin America. 

12/22/2021

Richie Serna is the Chief Executive Officer and co-founder of Finix. Finix is on a mission to create the most accessible financial services ecosystem in history by building the global operating system for fintech, starting with payments. Prior to Finix, Richie was an early employee and engineer at Balanced, the first developer-friendly payments API for online marketplaces. He was also a consultant at Booz & Company and earned his B.A. in government from Harvard University.

Richie, welcome to the Pandcap Show! We are so excited to have you.

Q: Can you please share a little bit about your journey with our audience?

A: My name is Richie Sernia - CEO & Co-Founder of Finix. I started my career in a rather non-traditional way. I started in management consulting, which I did for 2.5 years in New York at Booz & Company. From there, I realized it wasn’t necessarily the career for me, so I ended up making the jump to tech back in 2013, quitting my job and learning software engineering. The first company I worked at was Balance, the first payments API for marketplaces. And after we ended up exiting that business to Stripe in 2015, I started Finix.

Finix is on a mission to create the most accessible financial services ecosystem in history, and we’re doing that by creating the global operating system for fintech.

Q: Richie, what inspired you to start a company in the payments space?

A: After we exited to Stripe, many of the engineers from Balance were getting recruiting attempts from vertical SaaS companies - companies that were selling software to the church industry, to the vineyard industry, and every industry you can think of. They were asking us to come in-house and build out payments systems for them - and that was the lightbulb moment of, oh we’ve developed this really incredible domain expertise in this complex industry, what if we turned this into a company?’

We started to see the evolution of the payments ecosystem over the last few years. We started to notice that basically, every software company is becoming a payments company, and you may not even notice it. One of my favorite stories is Macy’s, for example. They make over 45% of their revenue and profit from their credit card business. They are a retail business that is really a payments business behind the scenes. And we’ve seen this playbook over and over again.

Q: You pioneered the Cap Table Coalition. Can you tell our audience a little bit about what that is and why it was important to start it, and how things are going?

A: The Cap Table Coalition is basically an organization that’s on a mission to diversify Silicon Valley and the ecosystem that’s there. What we’ve seen over the last few years since I’ve moved to San Francisco is people always talk about the lack of diversity in silicon valley - but they traditionally focus on the employees and the teams that work at these startups. People rarely talk about the lack of diversity when it comes to the investors and the board members. So last summer, around the time of Black Lives Matter, a lot of big firms were talking about their focus on diversity. But when you look at their teams, it didn’t reflect the world that they were tweeting about.

When we thought about how we can have an impact on the ecosystem, we thought about creating more opportunities for marginalized investors - Black, LatinX, LGBTQ, Women - and how we can take a stand. We ended up allocating 10% of our Series B round to Black and LatinX investors. We ended up having about 80 investors who invested in an SPV. And it was partially inspired by Act One’s Diversity Rider, which is trying to do something very similar on the investment side. We thought of this as a way for founders to take a stand and control who is on their cap table and create more opportunities for others. After we announced this, we received an incredible response and a bunch of other startup founders reached out and said ‘this is really cool, how can we do that?’ Whether they didn’t have the network in these communities or for some other reason, they really needed help with it; so we thought about how to scale this out. And so that became the founding story of the cap table coalition.

We now have over 300 investment members. We had 16 companies who actually raised funds from the cap table coalition and over 30 who pledged to do this as well and we’ve deployed over $16M. In the first hundred days, if you were to extrapolate that amount of capital that we’re now deploying, it would be equivalent to a $200-$300M fund.

Well, thank you, Richie, so much. It’s been wonderful having you on the Pandocap Show. We look forward to seeing your success - not only today but for many years to come.

2021 IPO Market Makes History as the Busiest Year in Two Decades The 2021 IPO market was one for the history books. A st...
12/21/2021

2021 IPO Market Makes History as the Busiest Year in Two Decades The 2021 IPO market was one for the history books.

A stunning 399 IPOs raised $142.5 billion in the busiest year by deal count since 2000 and the biggest year for proceeds ever. 27 billion-dollar deals came to market led by pre-revenue electric truck developer Rivian, which raised $12 billion in the largest IPO since 2014’s Alibaba.

On the back of stellar returns in 2020 and a huge pipeline of IPO candidates, deal flow was essentially nonstop, with typical strength in healthcare and technology joined by rising activity in consumer names. The heightened activity was not limited to traditional IPOs: Blank check IPOs had another record-breaking year as 604 S**Cs raised $143.5 billion and nearly 200 private companies listed via S**C, and direct listings continued to gain footing with six deals. Although IPOs had strong average first-day gains (+31%), these were obliterated in the aftermarket (-23%) as high initial valuations ran into rising fears of inflation and COVID-19 variants, for an average IPO return of -10%. Similarly, the Renaissance IPO Index started off strong but lost momentum, finishing negative and significantly underperforming broader markets. Looking forward, we believe the 2022 IPO market will have a slow start and fail to match the past year’s record pace, but ample IPO candidates are ready to take the leap once conditions improve.

Samsara (IOT) - San Francisco, CADeal Size: $752 mil Exchange: NYSEBionomics (BNOX) - AustraliaDeal Size: $25 mil Exchan...
12/13/2021

Samsara (IOT) - San Francisco, CA
Deal Size: $752 mil Exchange: NYSE

Bionomics (BNOX) - Australia
Deal Size: $25 mil Exchange: Nasdaq

Fresh Vine Wine (VINE) - Plymouth, MN Deal Size: $21 mil Exchange: NYSE American

Sidus Space (SIDU) - Merritt Island, FL Deal Size: $15 mil Exchange: Nasdaq

Must read for all my founders out there. The Cold Start Problem by .chen
12/13/2021

Must read for all my founders out there.

The Cold Start Problem by .chen

As we get down to the last weeks of 2021 the IPO market is still active with all eyes on .  Here is this weeks activity....
12/06/2021

As we get down to the last weeks of 2021 the IPO market is still active with all eyes on .

Here is this weeks activity.

Nu Holdings (NU) - Brazil
Deal Size: $2,458 mil Exchange: NYSE
HashiCorp (HCP) - San Francisco, CA
Deal Size: $1,071 mil Exchange: Nasdaq
Crypto 1 Acquisition (DAOOU) - Miami, FL
Deal Size: $200 mil Exchange: Nasdaq
Chicago Atlantic Real Estate Finance (REFI) - Chicago, IL
Deal Size: $106 mil Exchange: Nasdaq
Austin Gold (AUST) - Canada
Deal Size: $15 mil Exchange: NYSE American

11/27/2021

In celebration of our 100th episode, we are excited to share our interview with an amazing founder Daniela Corrente, who founded Reel.

Reel is a platform for debt-free shopping. Making it simple to pay for what you want in installment savings. From a new pair of shoes to an Apple Watch, they help you save a little every day while giving you inspirations and price alerts.

Check out the full interview on www.Pandocap.co

We are thrilled to have Daniella Corrente for our upcoming century episode.  Daniela Corrente  is the founder and CEO of...
11/22/2021

We are thrilled to have Daniella Corrente for our upcoming century episode.

Daniela Corrente is the founder and CEO of Reel , and she is sharing how you can save for the holidays all while achieving your financial goals.

Here is a sneak peek of our interview.

Daniela says:
“I’m a marketer by trade and I really got into starting my own company because of curiosity. I believe many founders start because we get very passionate about specific topics. We like to think that we are rational beings but when it comes to finances, emotions drive a lot of the decisions that we make. A couple of years back I realized that there was a rise in savings platforms and a rise in Buy Now Pay Later. There was something very important in the market that was missing - and it was ‘Save to Buy’. Through Reel, it’s a new “lay-away” in a sense, where you can easily lay money aside for purchases so you can achieve your goals without having to go into debt - and that’s what we’ve done with Reel”.

Stay tuned for the entire interview being released this weekend.

It’s a huge week because of the biggest IPO schedule this week with !  We will be watching their performances closely.  ...
11/08/2021

It’s a huge week because of the biggest IPO schedule this week with ! We will be watching their performances closely. Here are this weeks activity.

Rivian Automotive (RIVN) - Irvine, CA
Deal Size: $9,855 mil Exchange: Nasdaq

Hertz Global Holdings (HTZ) - Estero, FL
Deal Size: $1,002 mil Exchange: Nasdaq

CI&T (CINT) - Brazil
Deal Size: $350 mil Exchange: NYSE

Expensify (EXFY) - Portland, OR
Deal Size: $234 mil Exchange: Nasdaq

Weave Communications (WEAV) - Lehi, UT
Deal Size: $132 mil Exchange: NYSE

Lulu's Fashion Lounge Holdings (LVLU) - Chico, CA
Deal Size: $101 mil Exchange: Nasdaq

Vaxxinity (VAXX) - Dallas, TX
Deal Size: $100 mil Exchange: Nasdaq

Backblaze (BLZE) - San Mateo, CA
Deal Size: $100 mil Exchange: Nasdaq

Third Coast Bancshares (TCBX) - Humble, TX
Deal Size: $75 mil Exchange: Nasdaq

Mynaric (MYNA) - Germany
Deal Size: $70 mil Exchange: Nasdaq

FlexEnergy Green Solutions (FLXE) - Portsmouth, NH
Deal Size: $35 mil Exchange: Nasdaq

I went to an event this week and there are very few people who were there daily when I was out fundraising but Del was o...
11/06/2021

I went to an event this week and there are very few people who were there daily when I was out fundraising but Del was one of them. I was a part of a program called Avionera that was 3 Latina founders myself included, Del and who were guiding us through pitching and the growth of our startups.

The crazy part was I that I was about two months pregnant after joining the program. So yes I was running around Silicon Valley doing pitch session and trying to raise more money carrying my little Adriana.

It was such an emotional and key time that showed me so much about the venture community, fundraising and resilience.

Opportunity for women and our community are much different today and I am excited that there has been progress. Although I know there is more work that needs to happen I am thankful for my experience as a founder, Latina mom all while running my business. Women are truly the core of strength.

Join our CFO focus event today! Big News! We have one of the highest placed women in crypto joining us today at 5:30 Jul...
11/03/2021

Join our CFO focus event today! Big News! We have one of the highest placed women in crypto joining us today at 5:30 Julie Veltman, CFO, Anchorage Digital Bank joins Jane Wells from CNBC who anchors the broadcast. We're on a Zoom, not a boring webinar, so you can interact with your peers. According to sources:
Julie Veltman is a finance and capital markets leader with extensive experience in strategic finance, technology and capital markets. Prior to joining Anchorage, she led the Technology Finance team at Salesforce, where she partnered with the engineering org to define and execute on infrastructure strategy while enabling the durable growth of the business. Prior to Salesforce, Julie spent 12 years on Wall Street with a focus on debt capital markets and structured debt products. She received her Bachelor of Economics degree from the Wharton School at the University of Pennsylvania and is a CFA Charterholder. RSVP and meet Julie at 5:30! Free to attend registration in bio and put i CFO!

GlobalFoundries (GFS) - Malta, NYDeal Size: $2,448 mil Exchange: NasdaqInformatica (INFA) - Redwood City, CADeal Size: $...
10/25/2021

GlobalFoundries (GFS) - Malta, NY
Deal Size: $2,448 mil Exchange: Nasdaq

Informatica (INFA) - Redwood City, CA
Deal Size: $884 mil Exchange: NYSE

Fluence Energy (FLNC) - Arlington, VA
Deal Size: $698 mil Exchange: Nasdaq

Ensemble Health Partners (ENSB) - Cincinnati, OH
Deal Size: $605 mil Exchange: Nasdaq

HireRight Holdings (HRT) - Nashville, TN
Deal Size: $500 mil Exchange: NYSE

Udemy (UDMY) - San Francisco, CA
Deal Size: $406 mil Exchange: Nasdaq

LianBio (LIAN) - Princeton, NJ
Deal Size: $325 mil Exchange: Nasdaq

Rent the Runway (RENT) - New York, NY
Deal Size: $292 mil Exchange: Nasdaq

Candela Medical (CDLA) - Marlborough, MA
Deal Size: $250 mil Exchange: Nasdaq

Solo Brands (DTC) - Southlake, TX
Deal Size: $200 mil Exchange: NYSE

AirSculpt Technologies (AIRS) - Miami Beach, FL
Deal Size: $160 mil Exchange: Nasdaq

Entrada Therapeutics (TRDA) - Boston, MA
Deal Size: $150 mil Exchange: Nasdaq

Sonendo (SONX) - Laguna Hills, CA
Deal Size: $125 mil Exchange: NYSE

Arteris (AIP) - Campbell, CA
Deal Size: $75 mil Exchange: Nasdaq

Aura Biosciences (AURA) - Cambridge, MA
Deal Size: $75 mil Exchange: Nasdaq

Market NewsAll major averages finished the week higher for three straight weeks of gains, with the Dow Jones Industrial ...
10/23/2021

Market News

All major averages finished the week higher for three straight weeks of gains, with the Dow Jones Industrial Average rising to a record close. Although inflation is a major overhang for investors right now, billionaire investor Jones believes inflation is the biggest threat to U.S. markets and that the Federal Reserve is not addressing the rising prices adequately, calling the central bank’s actions “the most inappropriate monetary policy that we’ve seen maybe in my lifetime.”

Sara Blakely became a self-made billionaire by founding Spanx. Now, she's sold a majority stake in the company to Blackstone in a deal valuing the shapewear brand at $1.2 billion. She'll stay on as executive chairwoman when the deal closes. Wall Street Journal

Microsoft's LinkedIn is removing itself from China's network. The software giant is shutting down LinkedIn in China, citing the country's intensifying pressure to censor. China was LinkedIn’s third-largest market, with 50M+ users. Microsoft plans to launch a new China-specific version of LinkedIn this year, which won't include social features: no ability to share opinions, news articles, or "some personal news."

PayPal (Nasdaq: PYPL) is in early talks to buy Pinterest (NYSE: PINS), per multiple reports. "PayPal rode a wave of digital-payment adoption over the course of the coronavirus pandemic to post record numbers of users and transaction volumes. That has propelled the stock, which would likely be used to help pay for any Pinterest deal, and given the company a market value of some $300 billion." — Dana Cimilluca and Cara Lombardo, WSJ
Friday Market Close
Dow 30 35,677.02 +73.94 (+0.21%)
S&P 500 4,544.90 -4.88 (-0.11%)
Nasdaq 15,090.20 -125.50 (-0.82%)

Filed IPO/S**Cs
WeWork Inc. shares rose on their first day of trading Thursday, capping a journey to a listing that included the implosion of its initial public offering in 2019 and the ouster of its co-founder and chief executive, Adam Neumann. The shared-office company went public through a combination with BowX Acquisition Corp. , a special-purpose acquisition company. Shares closed 13.5% higher at $11.78 Thursday.

We are thrilled to speak at California Lutheran University for Innovation and Entreprenuership as we celebrate Steven D....
10/19/2021

We are thrilled to speak at California Lutheran University for Innovation and Entreprenuership as we celebrate Steven D. Dorfman's generous grant gift to infuse the next generation. Join us in person or virtually.

Wednesday, October 20, 2021
5:00 - 6:30 PM (PDT)
Refreshments will be provided on-site following the event.

Hub101
31416 Agoura Road #105
Westlake Village, CA 91361

You will have an opportunity to meet students, faculty, community members, and local entrepreneurs.

Please confirm your RSVP https://www.jotform.com/212625343658155?utm_source=SOM+Community&utm_campaign=416d39cb47-EMAIL_CAMPAIGN_2020_04_15_07_22_COPY_01&utm_medium=email&utm_term=0_d00543ba5c-416d39cb47-312971149

Portillo's (PTLO) - Oak Brook, ILDeal Size: $375 mil Exchange: NasdaqAris Water Solutions (ARIS) - Houston, TXDeal Size:...
10/18/2021

Portillo's (PTLO) - Oak Brook, IL
Deal Size: $375 mil Exchange: Nasdaq

Aris Water Solutions (ARIS) - Houston, TX
Deal Size: $300 mil Exchange: NYSE

Enfusion (ENFN) - Chicago, IL
Deal Size: $300 mil Exchange: NYSE

P10 (PX) - Dallas, TX
Deal Size: $300 mil Exchange: NYSE

The Vita Coco Company (COCO) - New York, NY
Deal Size: $224 mil Exchange: Nasdaq

Xilio Therapeutics (XLO) - Waltham, MA
Deal Size: $125 mil Exchange: Nasdaq

Ventyx Biosciences (VTYX) - Encinitas, CA
Deal Size: $125 mil Exchange: Nasdaq

Minerva Surgical (UTRS) - Santa Clara, CA
Deal Size: $100 mil Exchange: Nasdaq

Stronghold Digital Mining (SDIG) - New York, NY
Deal Size: $100 mil Exchange: Nasdaq

Winc (WBEV) - Santa Monica, CA
Deal Size: $75 mil Exchange: NYSE

Biofrontera (BFRI) - Woburn, MA
Deal Size: $18 mil Exchange: Nasdaq

The Latinx community is a force in the US and global economy. However, access to capital is key – join me as I discuss e...
10/12/2021

The Latinx community is a force in the US and global economy.

However, access to capital is key – join me as I discuss entrepreneurship and funding at Nasdaq’s Hispanic Heritage Month conference:

Nasdaq’s Hispanic and Latinx Employee Network, ¡Adelante, Nasdaq!, is proud to invite you to celebrate our Hispanic Heritage Month Conference on October 14 at 9 AM ET.

Link in Bio!

So this happened on Saturday  thank you  for this honor! This year they released the 50 Most Powerful Latinas and I was ...
10/07/2021

So this happened on Saturday thank you for this honor!

This year they released the 50 Most Powerful Latinas and I was one of the 50! I am so honored and humbled!

Congratulations to all the Latinas who made this year's list. You are truly an inspiration and the driving force that impacts our communities across the country.

Check out the full list in my bio!


Life Time Group Holdings (LTH) - Chanhassen, MNDeal Size: $901 mil Exchange: NYSEiFIT Health & Fitness (IFIT) - Logan, U...
10/05/2021

Life Time Group Holdings (LTH) - Chanhassen, MN
Deal Size: $901 mil Exchange: NYSE

iFIT Health & Fitness (IFIT) - Logan, UT
Deal Size: $600 mil Exchange: Nasdaq

Pyxis Oncology (PYXO) - Cambridge, MA
Deal Size: $125 mil Exchange: Nasdaq

Theseus Pharmaceuticals (THRX) - Cambridge, MA
Deal Size: $125 mil Exchange: Nasdaq

Lead Underwriter: Jefferies
IsoPlexis (ISO) - Branford, CT
Deal Size: $125 mil Exchange: Nasdaq

Cingulate (CING) - Kansas City, KS
Deal Size: $50 mil Exchange: Nasdaq

Cognition Therapeutics (CGTX) - Purchase, NY
Deal Size: $40 mil Exchange: Nasdaq


Latinas are really leading the way.  After a week of amazing presentations and incredible networking we close out with t...
10/02/2021

Latinas are really leading the way. After a week of amazing presentations and incredible networking we close out with the top 4 Latina entrepreneurs in the US. Thank you for inspiring us all.

Olivia Ramos of Deepblocks
Cayetanna Polanco of Keyo
Maria Palacio of Progeny
Adriana Vasquez of LiLu

Latinos make up ~19% of the total U.S. population, yet only 1.7% of venture funding goes to Hispanic or Latino-owned bus...
09/28/2021

Latinos make up ~19% of the total U.S. population, yet only 1.7% of venture funding goes to Hispanic or Latino-owned businesses. Additionally, only 1% of Venture Partners identify as Hispanic/Latino. Hear from emerging fund managers that are changing the investment landscape for the Latino community.

Speakers:
Alejandro (Alex) Guerrero, Act One Ventures
Samara Mejia Hernandez, Chingona Ventures
Adrian Mendoza, Adrian Mendoza
Jessica Salinas, NewMedia Ventures
Kennie Blanco, L'ATTITUDE Ventures
Moderator:
Leonor Ayala Polley

Join us at L'ATTITUDE September 30th at 3:30 PM PST: Match-Up Fireside Chat: Venture Capital Leaders

Latinas are leading the way! Join us at  for the Match-Up Fireside Chat: Latinas Leading the Way.Latinos are starting bu...
09/27/2021

Latinas are leading the way! Join us at for the Match-Up Fireside Chat: Latinas Leading the Way.

Latinos are starting businesses at faster rates than the national average and Latinas represent 40% of those started. Yet Latinas receive less than 0.5% of venture funding. Hear from leading Latinas who are making waves and changing the landscape.

Speakers:
Noramay Cadena, Supply Change Capital
Marisela García Márquez, KiwiTech
Rocio Medina van Nierop, Latinas in Tech
Moderator:
Lyanne Alfaro, Nasdaq



09/26/2021

It’s a big week as we get ready for the as a partner they will be taking over our channels highlighting the next generation of change makers and leaders in our Latinx community.

L’ATTITUDE is more than just an event. It’s an experience and the largest single gathering of New Mainstream Americans in our country. It is the national “who’s who” of business leaders, entrepreneurs, investors and influencers, and a unique platform where deals get done; investments are made; reports are introduced and networking happens. L’ATTITUDE is leading the way to America’s future and Pandocap will be right there with you!

Stocks dipped on Friday as investors remain cautious due to a resurgent Covid virus, a Federal Reserve meeting next week...
09/19/2021

Stocks dipped on Friday as investors remain cautious due to a resurgent Covid virus, a Federal Reserve meeting next week, and a historical tendency for September to be a weak month for equities.

Billionaire Peter Thiel and others with huge retirement account balances are in lawmakers’ crosshairs. House Democrats unveiled a tax package on Monday that would force distributions from one’s nest egg if the value of individual retirement accounts, 401(k) plans, and other retirement stashes exceed $10 million. Thiel, a PayPal co-founder, owns a Roth IRA that was worth $5 billion in 2019, according to a ProPublica report.

SpaceX broadcast a livestream from orbit on Friday, with the crew of the historic Inspiration4 mission giving an update during their second day in space. The company noted that it is targeting Saturday at 7:06 p.m. ET for splashdown of the Crew Dragon capsule Resilience, after the crew’s third day in orbit. Commander Jared Isaacman, pilot Sian Proctor, medical officer Hayley Arceneaux and mission specialist Chris Sembroski are orbiting the Earth at an altitude of 585 kilometers (363.5 miles), which is above the International Space Station and the highest altitude humans have traveled in years.

During National Hispanic Heritage Month, we recognize that Hispanic heritage is American heritage. We see it in every aspect of our national life. We benefit from the many contributions of Hispanic scientists working in labs across the country to help us fight COVID-19 and the doctors and the nurses on the front lines caring for people’s health. Our Nation is represented by Hispanic diplomats who share our values in countries all over the world and are strengthened by military members and their families who serve and sacrifice for the United States.

Filed IPO/S**Cs
GitLab, a provider of cloud-based software that allows developers to share code and collaborate on projects, is the latest high-growth tech company to line up for an IPO. The company said Friday that it plans to list on the Nasdaq under the ticker symbol “GTLB.” GitLab is raising money to take on Atlassian and GitHub.

It’s amazing to see and think about how far the Hispanic and LatinX community has come.  I think about all the moments w...
09/15/2021

It’s amazing to see and think about how far the Hispanic and LatinX community has come. I think about all the moments when I felt undervalued, embarrassed, afraid to share my cultural and feel ok to be Latina. Today I can speak about my Hispanic Heritage with purpose and intention make space to discuss openly why it’s so important for us to be seen, heard and supported. Today I feel empowered to continue and build awareness of the value we bring to not only the US but the world. Today is just the beginning and not just one day it’s the start of a new economic era that we are changing by being the strongest contributor in GDP at $2.6T, fastest growing businesses, and booming cohort of new investors. We are Hispanic STARS rising.

Thoughtworks Holding (TWKS) - Chicago, ILDeal Size: $700 mil Exchange: NasdaqOn Holding (ONON) - SwitzerlandDeal Size: $...
09/13/2021

Thoughtworks Holding (TWKS) - Chicago, IL
Deal Size: $700 mil Exchange: Nasdaq

On Holding (ONON) - Switzerland
Deal Size: $653 mil Exchange: NYSE

Sportradar Group (SRAD) - Switzerland
Deal Size: $504 mil Exchange: Nasdaq

Dutch Bros (BROS) - Grants Pass, OR
Deal Size: $400 mil Exchange: NYSE

Definitive Healthcare (DH) - Framingham, MA
Deal Size: $389 mil Exchange: Nasdaq

Enact Holdings (ACT) - Raleigh, NC
Deal Size: $260 mil Exchange: Nasdaq

ForgeRock (FORG) - San Francisco, CA
Deal Size: $248 mil Exchange: NYSE

DICE Therapeutics (DICE) - South San Francisco, CA
Deal Size: $160 mil Exchange: Nasdaq

PROCEPT BioRobotics (PRCT) - Redwood City, CA
Deal Size: $126 mil Exchange: Nasdaq

Tyra Biosciences (TYRA) - Carlsbad, CA
Deal Size: $100 mil Exchange: Nasdaq

EzFill Holdings (EZFL) - Miami, FL
Deal Size: $25 mil Exchange: Nasdaq

Entering September with the entire football season ahead, it’s starting to feel a little bit more like fall. That means ...
09/11/2021

Entering September with the entire football season ahead, it’s starting to feel a little bit more like fall. That means the markets could be in for a correction soon. There hasn’t been a major pullback greater than 5% in almost a year, and many investors are anticipating some pain on the way. Market bull Ed Yardeni said it’s a buying opportunity for investors – just don’t try to time it perfectly.

From my Mailchimp to yours: Bloomberg reported that Intuit is in talks to buy Mailchimp for more than $10 billion, we noted how the email marketing company hadn't taken any outside funding since its 2001 founding. There have been a few multi-billion dollar sales of bootstrapped companies, like Minecraft-maker Mojang for $2.5 billion, or Assurance IQ selling to Prudential Financial for $2.4 billion. But nothing close to what Mailchimp may fetch.

Salesforce told thousands of employees in a Slack message on Friday that if they and their families are concerned about the ability to access reproductive care in the wake of Texas’ aggressive anti-abortion law, the company will help them relocate.
Apple’s lucrative App Store business received a major blow Friday thanks to a federal judge’s decision in the company’s legal battle with Epic Games. Judge Yvonne Gonzalez Rogers handed down the decision in the closely watched trial and issued an injunction that said Apple will no longer be allowed to prohibit developers from providing links or other communications that direct users away from Apple in-app purchasing. Apple typically takes a 15% to 30% cut of gross sales.

Friday Market Close
Dow 30 34,607.72 -271.66 (-0.78%)
S&P 500 4,458.58 -34.70 (-0.77%)
Nasdaq 15,115.49 -132.76 (-0.87%)

Filed IPO/S**Cs
Warby Parker, which sells low-cost prescription glasses online and in over 145 stores, is expected to begin trading on the NYSE on Wednesday, September 29. In its latest filing, the company also disclosed the number of Class A shares to be sold by existing shareholders.

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