Equity Tuesday: Arm's IPO won't resurrect private-market liquidity

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 5 September 2023

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Here's what Alex got into this morning: Earnings Season Never Ends: Gitlab, Asana, UiPath, Docusign, Rent the Runway and others will report this week. Crypto Down Bad: Prices for major cryptoassets are flat this morning, while the crypto venture picture is looking up to some degree. Arm Sets IPO Range: Shares of Arm are expected to sell for $47 to $51 per share, according to the company. The question for investors is whether to value the company on its trailing results, or future profits. More on the impact (or lack thereof) of Arm's upcoming debut can be found here. The Catalyst Fund: The Africa-focused venture fund has reached a first close, and intends to invest in climate-focused startups on the continent. Elon Musk Is Mad And to close out, a new Chinese semiconductor fund is potentially coming, while India wrestles with net neutrality. Don’t forget that Equity is opening this year’s Disrupt. We’ll see you there! For episode transcripts and more, head to Equity’s Simplecast website. Equity drops at 7 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders and more! Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:17.0	Hello and welcome back to Equity, the Tech Runch Podcast, where we unpacked the numbers and the nuance behind the headlines. This is Alex, good morning. This is Equity Monday, brought to you on a Tuesday due to an American holiday, but no matter what day of the week it is,
0:24.1	we are here to get you caught up on the weekend that was and prep you for the week that will be.
0:28.7	Today is September 5th, 2023, and that means that we are in the final month of Q3.
0:35.0	Where has this year gone?
0:37.6	It's been crazy, crazy fast.
0:39.5	No matter though, we have a packed show for you this morning that includes a big run of SAS earnings, the real scoop on
0:45.1	crypto fundraising, Arms new IPO price range, a new fund in Africa, Elon Musk's latest threats of
0:51.5	legal action and net neutrality in India.
0:54.4	Paction this morning, let's go.
0:56.0	Let's start with a look at the world of money and that means stocks.
1:03.0	Shares are mostly lower in Asia today
1:05.3	with Chinese stocks falling the most.
1:07.4	In Europe things are just a little bit mixed but here in the US
1:10.8	stocks are set to fall at the open. Of course we'll have to wait and see how things look at 930 eastern
1:15.7	On the earnings front this week we're gonna hear from Z-scaler get lab and a sonna today
1:21.1	tomorrow is ui path sprinkler C3. Aye.
1:25.0	Thursday brings us DocuSign, Smart She,
1:28.0	Braise and Secure Works, and then Friday is Rent the Runway.
1:31.0	That's Cybersecurity, developer tools, workplace productivity, RPA, social, AI, the list goes on.
1:38.0	Lots of good data coming your way this week.
1:41.4	Next up, crypto. There is nothing much to report on the crypto price front.
1:45.7	Bitcoin is worth around $26,000 and Ether is still around $1,600, not a lot of movement. Total trading activity in the Web3 world, according to the
	...

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