Silverback Therapeutics prices IPO at $21/share, will raise $241M in 4th Wash. state IPO of 2020

SIlverback Therapeutics CEO Laura Shawver. (Silverback Photo)

Silverback Therapeutics will raise $241.5 million as the Seattle biotech company goes public Friday.

Silverback priced its IPO on Thursday evening at $21 per share, which exceeded the high end of its expected range ($17 to $19). The company is selling 11.5 million shares.

Founded in 2016, Silverback uses a proprietary technology platform called ImmunoTAC to develop therapies that target specific areas of disease in a way designed to avoid damaging healthy tissue. Its lead product candidate, designated SBT6050, uses monoclonal antibodies to target breast, gastric and lung cancers. It’s currently in Phase 1/1b clinical trials, according to its IPO filing.

Silverback will be the fourth Washington state company to go public this year, following health tech startup Accolade, marketing startup ZoomInfo, and Athira Pharma, another Seattle-based biotech company that went public in September.

A record number of biotech companies are going public

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Flipkart’s digital payments firm PhonePe to raise $700 million from existing investors

NEW DELHI (Reuters) – PhonePe, the digital payments unit of Walmart’s Indian e-commerce arm Flipkart, said on Thursday it would sell a stake to existing investors for $700 million, helping it fuel growth in a crowded market that includes Google and Amazon .

FILE PHOTO: The logo of India’s e-commerce firm Flipkart is seen in this illustration picture taken January 29, 2019. REUTERS/Danish Siddiqui/Illustration

PhonePe’s fundraising, from Flipkart investors led by Walmart, will give it a valuation of $5.5 billion, the company said in a statement.

PhonePe is also using the opportunity to assert its independence from the Flipkart Group which runs a successful e-commerce business in India rivalling Amazon’s local unit.

It will have its own board of directors, which will include founder and CEO Sameer Nigam and former Flipkart boss Binny Bansal, who is no longer at the company he co-founded.

PhonePe will also have employee stock ownership

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Teen banking app Step reaches for the stars to raise $50 million

LONDON (Reuters) – Teen banking app Step has raised $50 million (37.4 million pounds) from investors led by Coatue Management alongside celebrities such as singer Justin Timberlake, influencer Charli D’Amelio and former quarterback Eli Manning.

Step, which offers teenagers a bank account connected to a secured spending card and peer-to-peer payments, also said it had secured funding from existing backers including Stripe, Will Smith’s Dreamers VC, CrossLink Capital and Collaborative Fund.

San Francisco-based Step allows parents to view balances and real-time activity, add money to their teens’ accounts and manage and freeze cards. It does not charge fees but makes money from card interchange.

Other stars involved in the fundraising included The Chainsmokers, Kelvin Beachum, Larry Fitzgerald and Andre Iguodala, Step said in a statement on Wednesday.

The startup, which has attracted more than 500,000 users since launching two months ago, will use the funding to grow the team and

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Seattle biotech firm Silverback Therapeutics sets terms for IPO, looks to raise up to $151M

Laura Shawver, CEO of Silverback Therapeutics. (Silverback Photo)

Silverback Therapeutics plans to raise up to $151.8 million in its initial public offering, the Seattle-based company said Monday in an updated IPO filing.

The biotech firm will aim to sell 6.95 million shares at $17 to $19 per share. It would be valued at $566 million at the midpoint of the proposed stock price range.

Founded in 2016, Silverback uses a proprietary technology platform called ImmunoTAC to develop therapies that target specific areas of disease in a way designed to avoid damaging healthy tissue. Its lead product candidate, designated SBT6050, uses monoclonal antibodies to target breast, gastric and lung cancers. It’s currently in Phase 1/1b clinical trials, according to its IPO filing.

Silverback raised $210 million in venture capital over its lifetime as a private company, including an $85 million round in September, led by EcoR1 Capital; and a $78.5 million

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Comcast will raise prices for TV and internet in January

comcast-logo-phone-6495

Get ready to pay more for Comcast services in the new year.


Angela Lang/CNET

Nationwide price hikes for Comcast’s cable TV and internet service are coming Jan. 1, a company representative confirmed. Standard monthly rates as well as additional fees not shown in advertised pricing will see increases, Ars Technica earlier reported.

TV customers will see a price increase of up to $4.50 a month on the Broadcast TV fee, as well as a $2 bump to the Regional Sports Network fee. That adds up to paying as much as $78 more per year. Currently, the Broadcast TV fee is between $7.90 and $14.95, depending on the market, while the RSN fee maxes out at $8.75 a month in most areas.

Six internet-only packages, which are currently priced

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AOC played Among Us again to raise money for charities

  • Rep. Alexandria Ocasio-Cortez of New York once again livestreamed a game of Among Us, this time in an effort to raise money for charity.
  • Just hours after posting a link to her Twitch livestream, Ocasio-Cortez announced she had raised $200,000 to go toward food pantry assistance, eviction defense legal funds, and community organizations.
  • Among Us is an online game that has become a Twitch mainstay in recent months. 
  • Ocasio-Cortez has previously leveraged the platform to engage voters. Her last Twitch livestream had an audience of almost 440,000 people who watched her play.
  • Visit Business Insider’s homepage for more stories.

Rep. Alexandria Ocasio-Cortez of New York on Friday once again invited people to watch her play Among Us on Twitch, and this time used the platform to raise $200,000 for charities.

“Today I’m using the stream to fundraise for local food pantries, eviction defense legal aid, & community support organizations,” she

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Comcast will raise prices for TV and internet in January, report says

comcast-logo-phone-6495

Get ready to pay more for Comcast services in the new year, a report says.


Angela Lang/CNET

Nationwide price hikes for Comcast’s cable TV and internet service are coming Jan. 1, according to a Wednesday report by Ars Technica. Both standard monthly rates and hidden fees not shown in advertised pricing will reportedly see increases.

TV customers will see a price increase of up to $4.50 a month on the “Broadcast TV” fee, as well as a $2 bump to the Regional Sports Network (RSN) fee, Ars Technica says. That adds up to paying as much as $78 more per year. Currently, the Broadcast TV fee is reportedly between $7.90 to $14.95, depending on the market, while the RSN fee maxes out at $8.75 a month in most areas.

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Comcast to raise internet and TV prices nationwide next year

If you’re a Comcast TV and internet user, prepare for price hikes. The company is planning to increase the prices of a variety of services starting January 1st, 2021, according to Ars Technica and a document detailing the various price increases being shared on Reddit.



logo, company name


© Illustration by Alex Castro / The Verge


The increases include as much as $4.50 per month added to the “Broadcast TV” fee and up to $2 per month added to the Regional Sports Network (RSN) fee, which collectively would add as much as $78 per year.

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In a statement to Ars Technica, a Comcast spokesperson confirmed the above fees, as well as a $3 per month increase for internet-only service and up to a $2.50 per month increase for TV boxes on the primary outlet, with a decrease of up to $2.45 per month for TV boxes on additional outlets. (This

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Bitcoin Investigation Giant To Raise $100 Million At $1 Billion Valuation

A new bitcoin unicorn is about to be born. After days of rumors flying around the cryptocurrency industry, investigation firm Chainalysis confirmed exclusively to Forbes it expects to raise $100 million venture capital at a $1 billion valuation as soon as next week. Led by Tiger Global alum Lee Fixel’s newly founded venture capital firm, Addition, the Series C round is expected to be joined by previous investors Accel, Benchmark, and Ribbit.

Though Chainalysis CEO and co-founder Michael Gronager declined to share the actual revenue generated by the firm, Forbes estimates it made $8 million in 2018, and Gronager says its revenue increased by about 96% over the past year. With revenue expected to double next year and again in 2022, the investment is further evidence there’s more money to be made in crypto than by just buying low and selling high.

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Social media platform Parler wins over millions as some raise red flags about the site

Ann-Cherie Harden opened an account on Parler a year ago, long before the social media platform became a big hit, particularly among conservatives and supporters of President Donald Trump.

“I did that then so I would have a means of communication if Facebook and Twitter decide to monitor or censor private posts and try to control what I can share,” the Whittier woman said, adding that she now sees many others have joined her on the platform billing itself as “the world’s town square.”

Harden is not imagining it. Parler is getting more crowded.

The lure of free speech

In July, Parler had a reported 2.8 million users. Within a week of the Nov. 3 election, however, that number had grown to more than 8 million. That week alone, Parler gained more than 3.5 million users, putting it at the top of Apple’s App Store list of free apps. Other

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