Nurx, an online prescribing app, drew attention with its pitch about female empowerment. Former employees said it took a laissez-faire approach to women’s health. Source: NYT > Business – TESS RISKI, NATASHA SINGER and KATIE THOMAS
Slack Discloses $141 Million Loss as Messaging Start-Up Joins Tech Listing Rush
Unlike most other Silicon Valley darlings going public this year, Slack is not holding an initial public offering, where it sells shares to the public. Source: NYT > Business – ERIN GRIFFITH and MICHAEL J. de la MERCED
Slack Discloses $141 Million Loss as Messaging Start-Up Joins Tech Listing Rush
The company disclosed in its offering prospectus that it collected $400.6 million in revenue in the year through January. It had 88,000 paying customers. Source: NYT > Business – ERIN GRIFFITH and MICHAEL J. de la MERCED
Magic Leap Raises $280 Million From NTT DoCoMo
The maker of augmented-reality goggles said it has garnered $280 million from NTT Docomo of Japan, as part of a new partnership with the telecommunications giant. Source: NYT > Business – MICHAEL J. de la MERCED
Pinterest Prices I.P.O. at $19 a Share, for a $12.7 Billion Valuation
The shares will begin trading Thursday on the New York Stock Exchange under the ticker symbol PINS. Source: NYT > Business – ERIN GRIFFITH
Who Goes Public When? Tech Companies Maneuver to Stand Out in the Horde
With so many start-ups listing their shares this year, each is trying to avoid the traffic jam to get its own moment in the sun. Source: NYT > Business – ERIN GRIFFITH and MICHAEL J. de la MERCED