Coupon website Retailmenot is filing for a IPO in which it will attempt toraise up to USD200m, aiming to shift 9.1m shares priced between USD20 and USD22 each. The firm says it will spend the funding on general corporate purposes. Shares will be listed through Nasdaq Global Select Market with “SALE” as its symbol.
Retailmenot recently picked up USD87m in funding, as investors continue flocking to e-commerce firms. The Austin-based company offers a variety of online coupons and claims its website received 366m during the past year.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.