Jul 30, 2019

Beyond Meat's secondary offering goes bad

Photo: Drew Angerer/Getty Images

Beyond Meat filed for a follow-on public offering of 3.25 million shares, which had a market value of $763 million at the time of filing.

Why it matters: Those same shares at today's open had a market value of just around $600 million, down more than 20%, as investors seem unable to stomach a secondary offering announced less than three months after IPO. Beyond Meat likely thought its much better-than-expected Q2 earnings could pump its new float, but it may have been a rotten bet.

Go deeper: The fake meat gold rush

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Lyft stock price up after strong revenue and raised outlook

Lyft listing on the Nasdaq. Photo: DON EMMERT/AFP/Getty Images

Lyft's share price is up by more than 11% after the company's Q2 earnings beat analyst revenue expectations, but also posted much wider losses than predicted (largely because of IPO-related stock compensation).

The big picture: Lyft also raised its sales outlook for the year to roughly $3.5 billion.

Go deeperArrowAug 7, 2019

WeWork files for long-awaited IPO

Illustration: Rebecca Zisser/Axios

WeWork on Wednesday filed to raise $1 billion in an initial public offering, although the ultimate offering amount is expected to be at least three times larger.

My thought bubble: There is a ton of investor skepticism over WeWork's business model, with expectations that it could receive Tesla-like treatment from public shorts. That's one reason why the company plans to increase its cash cushion by securing a $6 billion credit facility in conjunction with the IPO.

FinancialsArrowUpdated Aug 14, 2019

The stock market is running out of reasons to go higher

Photo: Eduardo Munoz Alvarez/Getty Images

Stocks jumped on Monday as investors bought optimism that a U.S.-China trade deal could be salvaged, despite a lack of tangible evidence that progress is being made.

The state of play: The market will need the animal spirits of trade-war hope, because many of the fundamental catalysts that have buoyed stock prices in years past are starting to unravel.

Go deeperArrowAug 27, 2019