Entries by Dean Wray

Razer to raise upwards of $504 million in Hong Kong IPO

PC gaming company Razer is set to raise upwards of US$504 million (HK$3.9 billion) when it lists on the Hong Kong Stock Exchange on Monday. The company, which develops gaming-focused accessories for PCs, laptops and is preparing to sell its first smartphone, today priced its shares at HK$3.88, or US$0.50. That comes in towards the high-end of its HK$2.93-HK$4.00 price range […]

Redfin shares fall 7% after real estate earnings disappoint

Redfin, the real estate brokerage site, saw its shares tumble about 7 percent in after-hours trading, shortly after sharing its earnings. The company posted about $109.5 million for the third quarter. Analysts surveyed by Yahoo Finance had been expecting about $110.6 million. Adjusted earnings per share were 12 cents, missing the 13 cents predicted. “The market is […]

Chinese search engine Sogou up 4% following IPO

Sogou, the Chinese search engine, debuted on the New York Stock Exchange on Thursday, under the ticker “SOGO.” After pricing at the top of the range at $13 per share, the company raised $585 million. Sogou then hovered around $13.50 for most of its first day of trading, closing the day at $13.51, up about 4 […]

Pronoun, an ebook service for writers, shuts down

Pronoun, a self-publishing service for authors, is shutting down after promising free ebook distribution for authors. The company, which raised millions in funding and ended up being sold to Macmillan announced the shutdown in an email to authors and on its website. Two years ago Pronoun set out to create a one-of-a-kind publishing tool that truly put authors first. […]

Tencent could play a role redesigning Snapchat following $2B investment

Tencent, the Chinese internet giant valued at $470 billion, may have a hand in rebooting the Snapchat app to make it more competitive with Instagram and Facebook. Off the back of some very poor financials announced this week, parent company Snap said it is retooling the messaging app “to make it easier to use.” Now Tencent, which upped its […]

Salesforce and Google are the latest pals in the cloud

Salesforce and Google inked a deal today that could provide easier integration between Salesforce tools and Google’s G Suite and Google Analytics. It also named Google as a preferred cloud provider for its core services as part of its international infrastructure expansion. The preferred provider part might sound familiar because in May, 2016, Salesforce signed a similar deal […]