Blockbuster IPO day produces big gains for Uber, Delta Air Lines and tech VCs
Summary
The New York Stock Exchange welcomes executives and guests of Clear Secure, Inc. (NYSE: YOU), on June 30, 2021, in celebration of its Initial Public Offering. Uber and Tencent joined SoftBank as the biggest stakeholders in Chinese ride-hailing service Didi Chuxing, which debuted on Wednesday on the New York Stock Exchange and closed with a market cap of $67.8 billion. Delta Air Lines is one of the top investors in airport security vendor Clear, which rang the opening bell at the NYSE. Among venture firms, New Yorks Insight Partners had the biggest day, thanks to its $1.45 billion stake in cybersecurity software company SentinelOne, while Highland Capital owns shares worth over $500 million in Xometry, a manufacturing marketplace. From buyout firms and mutual fund managers to large publicly traded companies, capital has poured into the tech industry, which is playing an outsized role in the broader economy.
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