Cloud computing company DigitalOcean shares fall following IPO


Cloud Computing : Shares of cloud computing company DigitalOcean fell 10 percent in first-day trading on the New York Stock Exchange. Prior to trading, the New York-based company raised over $775 million in its offering, pricing shares at the end of the proposed range.

Venture-backed real estate brokerage Compass is aiming for a $10 billion valuation when it lists on the New York Stock Exchange, according to an updated filing with the U.S. Securities and Exchange Commission.

Stock-trading app Robinhood has reportedly filed confidential paperwork with U.S. securities regulators for an initial public offering. The Silicon Valley-based company is reportedly planning to go public on Nasdaq but has not said whether it intends to pursue a traditional IPO or a direct listing.

Pacaso, a startup aiming to make second home purchases more accessible, raised $75 million in new funding, bringing the company’s valuation to $1 billion. Greycroft and Global Founders Capital led the financing for the startup, which is founded by former Zillow executives.

Conference company Bevy raised $40 million in a Series C round led by Accel. The startup’s platform allows companies to manage and scale their communities and host virtual conferences.

[Source : Crunchbase]