Tag: listing

12
Oct
2020
Posted in technology

Game Platform Roblox Files Confidentially for Public Listing

Online game platform Roblox said Monday that on a confidential basis it had submitted a draft registration statement to the Securities and Exchange Commission for a public offering of common stock.

The San Mateo, Calif., company said it hasn’t determined the number of Class A common shares it will sell and at what price.

Roblox said it intends to commence the public offering following completion of the SEC review.

The company is aiming for a public valuation of about $8 billion, Reuters reported earlier this month. 

That would double the $4 billion valuation it got in a $150 million fundraising round in February led by venture capital firm Andreessen Horowitz. The VC firm said in February that the platform reached more than 115 million monthly users.

The company hosts millions of games that are built by its users, who then get a share of any related revenue. 

“Roblox is powered by a global community of over two million developers who produce their own immersive multiplayer experiences each month using Roblox Studio,” the company said on its website. 

“Our popularity is driven purely by the community with millions of people signing up through word of mouth every month.”

Roblox, which was founded in 2004, said that two-thirds of all U.S. kids 9 to 12 years old use the platform.

In July, Roblox said its developer community was on pace to earn more than $250 million in 2020, more than double 2019’s $110 million.

David Baszucki is the company’s founder and chief executive. Prior to Roblox, he founded Knowledge Revolution, which was acquired by MSC Software in 1998.

Last month, Andrea Wong, who was most recently the president of international at Sony Corp.,  (SNE) – Get Report joined the Roblox board. 

11
Oct
2020
Posted in software

How much Unity pays its employees: salaries, job listing

Unity paid a Lead Backend Engineer in California a salary of $225,000

An Oculus Quest all-in-one VR device is shown in an undated 2019 photo released by Facebook January 22, 2020. Facebook/Handout via REUTERS

Oculus Quest all-in-one VR device.

Reuters


Engines require engineers. A majority of the jobs Unity hired for from overseas candidates were engineering positions. These workers help determine the broad swath of what Unity’s software can do. Some were common positions in software development, like backend engineers who work behind the scenes. Others were more idiosyncratic, like a “Robotics Simulations Engineer.”

Backend Engineer: $140,000 – $117,770

Backend Engineer, Monetization: $140,000 – $117,770

Backend Software Engineer, Golang: $159,000 – $137,259

Dev Ops Engineer: $120,000 – $81,141

Engineering Manager: $175,000 – $160,701

Full Stack Engineer, Monetization: $140,000 – $119,122

Full Stack Engineer, Monetization Engineering: $165,000 – $137,259

Lead Backend Engineer: $225,000 – $156,749

Lead engineer: $140,000 – $117,770

Lead Virtual Reality Engineer: $190,032 – $153,795

Machine Learning Engineer: $160,000 – $113,381

Machine Learning Graphics Engineer: $165,000 – $140,670

Robotics Simulations Engineer: $130,000 – $104,291

Senior Data Engineer, Monetization: $205,000 – $168,958

Senior Engineer, Monetization: $200,000 – $156,749

Senior Software Development Engineer in Test: $190,000 – $156,749

Senior Software Engineer, Machine Learning: $185,210 – $137,259

Software Development Engineer in Test: $175,600 – $153,795

Software Development Engineer in Test, Cloud Live Production: $150,000 – $124,134

Software Development in Test, Platform Foundation: $190,200 – $156,749

Software Engineer: $158,000 – $101,546

Software Engineer, Backend: $150,000 – $122,824

Software Engineer, Data: $142,000 – $117,770

Software Engineer, Desktop: $120,000 – $101,546

Software Engineer, Distributed Systems: $132,000 – $82,000

Software Engineer, Machine Learning: $167,500 – $122,824

Software Engineer, Monetization: $145,000 – $117,770

Software Engineer, Monetization DevOps: $140,000 – $117,770

Staff Data Engineer, Monetization: $200,000 – $156,749

UI Tools Engineer: $135,000 – $101,546

Source Article

08
Oct
2020
Posted in internet

Flipkart, Paytm, Zomato gear up for IPOs; India’s internet giants up for listing in 2021 and beyond

Internet giants Flipkart, Paytm, Zomato, Big Basket and others could be in for making their stock market debuts in 2021 and beyond that, said a report by global brokerage and research firm Bernstein. These Indian unicorns are now household names in tier-1 and tier-2 cities across India and have a significant stake in their respective industry. Recently, stock markets have witnessed a rush of initial public offerings, and retail investors have been at the forefront when it comes to subscribing to these issues. Individual investors have oversubscribed all the IPOs in recent months.



With the entry of these internet giants, the IPO market could be on its way to become more appealing to retail investors.


© Provided by The Financial Express
With the entry of these internet giants, the IPO market could be on its way to become more appealing to retail investors.

With the entry of these internet giants, the IPO market could be on its way to become more appealing to retail investors. Serving the e-commerce, fin tech, ed tech, and food delivery industry these companies are expected to see their business flourish with the augmentation and acceptance of the internet ecosystem in India. However, so far none of these companies have initiated any proceedings with the market regulator that could hint that they are seeking to be listed on bourses.

Flipkart

The leading e-commerce website in India is valued at $25 billion, according to the last round of funding which was in July this year. Backed by US-Retail giant Walmart, Flipkart is battling it out in the e-commerce space with Amazon and now Reliance Jio Mart. “E-Commerce in India has low penetration, but the market is growing rapidly. E-Commerce is expected to grow more than five-fold to US$133 Bn by 2025,” the report noted. Currently e-commerce has a low penetration in India with less than 5% of the market share but the same is pegged to cross 10% by

07
Oct
2020
Posted in technology

Emails: Palantir blames Morgan Stanley for ‘blemished’ direct listing

  • In two emails sent internally this weekend, Palantir Technologies blamed Morgan Stanley for a “failure” that left some employee and alumni shareholders unable to sell their shares when the company made its public debut last Wednesday.
  • The problem stemmed from a glitch with Morgan Stanley’s trading platform Shareworks.
  • In an unsigned email sent late in the evening Sunday, Palantir said it had heard from Morgan Stanley that the bank was in a “war room” all weekend working to determine which shareholders were owed compensation. 
  • A spokesperson for Shareworks at Morgan Stanley said the issue was a “slowness” that “may have resulted in delayed logins into our system.”
  • Visit Business Insider’s homepage for more stories.

Palantir placed blame squarely on Morgan Stanley following a glitch in the bank’s trading software Shareworks on Wednesday, according two unsigned emails sent to “Palantirians” on Saturday and Sunday, which were obtained by Business Insider.

That glitch temporarily prevented some employee and alumni shareholders from selling shares during the tech company’s direct listing.

Morgan Stanley “intends to ‘make people whole’ who were affected by the Shareworks failure,” Palantir wrote in the email from Saturday.

“We have and will continue to put the weight of the company behind protecting our hobbits and helping make sure Morgan Stanley is good to its word,” that email said, referring to employees with a reference to “Lord of the Rings.”

“The issues that we encountered with Shareworks are very frustrating. And while it was a successful listing (we pulled off the near impossible in getting the company listed and out in less than 6 months) it was blemished by Shareworks’ failure,” that email added.

A spokesperson for Palantir declined to comment on the emails. 

A spokesperson for Shareworks by Morgan Stanley told Business Insider that it had “experienced slowness that may

03
Oct
2020
Posted in website

First Ever Website Listing All FDIC- (And Non-FDIC) Insured Banks, by State and City

Press release content from Newswire. The AP news staff was not involved in its creation.

NEW YORK – October 3, 2020 – ( Newswire.com )

​Consumer Bank Report, LLC has released the first-ever public compendium of consumer banks in the United States, empowering consumers to discover the best banking options in their area.

Consumers have historically had a difficult time finding the differences between their local banks. With free access to Consumer Bank Report, this all changes. With access to over 10,000 unique brands, consumers now have the option to find a bank that best fits their unique situation.

Nancy Dulph, a 30-year-old mother in Orange, New Jersey, found her ideal bank using consumerbankreport.com, “I’ve always used Bank Of America, but due to their high fees for almost anything that can happen, I was forced to give up my bank account that I had since I was a child and find a new one!”

Consumers unhappy with their banking options is a growing trend in 2020. With ever-increasing checking and savings fees, and barriers to get approved for credit, the average American is finding themselves unsatisfied with their existing bank.

Consumer Bank Report looks to remedy this situation, empowering the average American to easily find a bank that works for them and their family, without going through the tedious process of walking into each bank and asking for that information in-person.

As the consumer banking and finance industry grows, the need for new lead channels and assets has increased dramatically. Consumer Bank Report, LLC and its sister companies are providing solutions to these problems, providing all types of lending companies new opportunities in the space.

// Alex Brola
Phone: 480.800.9253
Email: contact@standarddigitalco.com

Disclosure: Consumer Bank Report and Credit Glory were co-founded by Alex Brola.

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