Weekly Cache

Weekly Investment News and Analysis

Please see what we’ve been reading in technology and ESG related investing this week. Please feel free to send us what you’ve found interesting.

Latest Investment News

March 23, 2025: Market Trying To Recover From Correction

Last week, Dow Jones rose 1.2%, S&P 500 gained 0.5%, Nasdaq moved up 0.2% — a welcome sign after successive weeks of declines. CoreWeave is seeking an IPO valuation of US$27– US$32 billion, even as some investors question the company’s heavy debt load and capital intensive business model. Ticket reseller StubHub filed for an IPO. StubHub rival Vivid Seats has seen its stock price fall by more than 45% over the past year, and reportedly is seeking a buyer. Perplexity is in talks to raise US$500 million to US$1 billion at a US$18 billion post money valuation. Google will acquire the cybersecurity startup Wiz for US$32 billion. SoftBank is acquiring Ampere Computing, a chip design startup, for US$6.5 billion in cash. Accenture stock fell 7.3% after the firm said efforts to tighten U.S. federal spending are starting to weigh on its revenues. Nvidia unveiled a slew of new software for robotics, including a simulator it made with Disney and Google’s help. Boston Dynamics demonstrated another major leap in humanoid mobility. Robinhood is getting into prediction-betting markets just in time for March Madness. BYD unveiled its new super-charging EV tech, to build a charging network in China. In Canada, Shopify will transfer its US stock listing to Nasdaq, from NYSE. SolarBank announced an equity financing of up to US$19 million. Tribe Property Technologies announce a Non-Brokered Private Placement of ~$800K led by its senior leadership team. In news pertaining to Sophic clients, Boardwalktech announced the closing of an initial tranche of its Non-Brokered Private Placement for aggregate gross proceeds of approximately $1.1 million. Intermap’s global insurance business is off to a strong start in 2025 with awards surpassing $1.1 million. Legend Power’s voltage adherence risk measurement led to an accelerated purchase order. Cybeats provided a market update for critical infrastructure & energy sectors. Streamlined Communications, an Xcyte Digital company, joined London Stock Exchange’s marketplace. Plurilock received multiple industry awards recognizing its leadership in cybersecurity innovation and service excellence.

Invesment News in the Past Weeks

September 6, 2020

We hope you’re enjoying the long weekend with your loved ones. Many high growth stocks pulled back on Thursday, and Friday to some extent – however, valuations still remain elevated. Interestingly a Financial Times piece on Friday suggested Softbank’s option trading could have been tech stocks higher over the summer.

August 30, 2020

Monday saw the one the highest number of SEC S-1 filings for high profile companies going public as we have seen in nearly fifteen years in capital markets. September, should be a very interesting month!

August 23, 2020

While the Tik-Tok drama continues to unfold, high profile companies including SpaceX, Robinhood, Airbnb, Ant Financial, Palantir move ahead to either raise capital or go public. Palantir also plans to move its headquarters from the Bay Area to Denver, which could aid the trend of tech companies being more widely located, which we believe is a tailwind for the Canadian tech ecosystem. For example, Odyssey Interactive’s founders previously worked in the United States but opted to establish the company in Canada, because of the strong startup ecosystem in Canada.

August 16, 2020

Epic Games and Facebook appear to be pushing back against app store policies, which could have far reaching implications. Several high profile companies are expected to go public this fall & Robinhood is garnering lots of attention (including, gracing the cover of this week’s Barrons).