Archive for September 2020
New long-shot PPP stimulus effort aims to bypass congressional gridlock
The effort comes as hopes for any new stimulus before the election had been fading.
5 things to know: Area’s last Johnny Rockets closes for good
Here’s what you need to know today.
Palantir, Asana, Velodyne Lidar set to test IPO alternatives Wednesday
The number of new stocks from the Bay Area in 2020 appears likely to surpass last year’s total of 36, which was the most since the dotcom bubble.
Folsom Chamber calls for county, state to allow more localized Covid-19 rules
The Folsom Chamber of Commerce has started an online petition and social media campaign to raise criticisms of the state’s Covid-19 safety guidelines as businesses enter the holiday shopping season.
Bay Area used clothing marketplace Poshmark files plans to go public
The company had been expected to go public last year but delayed those plans, reportedly to focus on boosting sales and improving its execution.
South San Francisco biotech, San Jose hearing aid company file $100M IPO plans
A pair of Bay Area life science IPO filings, a huge funding for Allbirds and a possible “blank check” merger to take Hims public are a few of the venture stories in The Funded today. Here’s more.
McAfee files to join rush of Bay Area tech IPOs
The South Bay company was reportedly contemplating an IPO last summer that would raise at least $1 billion and value it around $8 billion. Those plans were shelved and a sale was rumored just before the pandemic shut down much of the U.S. economy
South Natomas retail project scaled back
A South Natomas retail development has been revised, dropping some elements and adding a well-known restaurant tenant.
Condos hit by price cuts in San Francisco. Here’s how much they’ve fallen.
Numbers vary depending on the size of the condo and the neighborhood, but the number of listings have now hit a peak not seen for more than a decade.
Neiman Marcus emerges from Chapter 11 bankruptcy
“We emerge from Chapter 11 as a stronger, more innovative retailer, brand partner, and employer,” said Neiman Marcus CEO Geoffroy van Raemdonck.