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Dropbox raises full-year revenue forecast as paying users rise
File sharing and storage company Dropbox Inc raised its full-year revenue forecast and reported better-than-expected quarterly results, as it added more paying subscribers. Shares of the company were up 4.6 percent at $24.30 in extended trading after Dropbox said it had 13.2 million paying subscribers at the end of three months on March 31. Analysts were expecting 13 million, according to FactSet. The total paying subscribers included 100,000 users from electronic signature company HelloSign, which Dropbox acquired for $230 million earlier in the year. (Fonte: Reuters)
Uber prices IPO at $45 per share, raises $8.1B
Uber has set its initial public offering at $45 per share, per reports, raising $8.1 billion in the process. The price, which falls at the low end of Uber’s planned range, values Uber at $82.4 billion. Uber confirmed the price in a press releaseThursday afternoon. The pricing comes one day after drivers all over the world went on strike, with drivers in San Francisco protesting right outside the company’s headquarters. Uber filed for its IPO last month, reporting 2018 revenues of $11.27 billion, net income of $997 million and adjusted EBITDA losses of $1.85 billion. (Fonte: TechCrunch)
Hong Kong insurance tech startup OneDegree extends its Series A to a total of $30 million
OneDegree, an insurance technology startup based in Hong Kong, announced today it has extended its Series A round to $30 million, up from the $25.5 million it announced in September. Its extension, which the company is calling its “A2” round, was led by BitRock Capital, an investment firm that focuses on financial tech. Cyberport Macro Fund, Cathay Venture and investors from its initial Series A also participated. The company is preparing to launch its online insurance platform, designed to make buying insurance plans easier for both consumers and providers by using data analytics to automate the most tedious parts of the process. The company will start with medical insurance for pets after its license is approved by the Hong Kong Insurance Authority before expanding into other products, including travel, cyber and human medical insurance. (Fonte: TechCrunch)
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