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Nubank files to go public

TechCrunch

This morning Brazilian neobank Nu, better known as Nubank, announced that it has filed to go public. Today its S-1 filing remains private, but the announcement of its existence implies that Nu is on track to go public soon, perhaps inside of 2021. The Neobanking boom’s leading candidates. We’ll know soon enough.

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Virgin Atlantic files for bankruptcy due to COVID-19

The Verge

Virgin Atlantic Airways has filed for bankruptcy protection for its United States business, as it tries to nail down a £1.2 It’s the second of Richard Branson’s airlines to do so during the COVID-19 pandemic, after Virgin Australia filed for “administration” — a form of bankruptcy in countries like Australia and England — earlier this year.

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Contributions To DAFs, Distributions Both Decline

The NonProfit Times

The growth in charitable assets under management is attributable in part to gains in global financial markets. Both the Dow Jones Industrials Average (Dow) and the S&P 500 increased after posting losses in 2022. The data file includes records from 1,293 DAF sponsors which operated during at least some of the period since 2007.

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eToro IPO: Crypto and stock trading platform’s ETOR shares to list on Nasdaq in latest fintech public debut

Fast Company Tech

The company made the announcement in a press release today, in which it confirmed that it had filed its Form F-1 registration statement with the U.S. Among the risks the company cites are uncertain legal and regulatory landscapes, as well as operating in a highly competitive industry. Securities and Exchange Commission (SEC).

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Why business leaders should have more conversations with frontline workers

Fast Company Tech

Two billion people worldwidethats 80% of the global workforcemanufacture products, provide services, or work directly with customers. In contrast, the leaders who participated in Michael Porter and Nitin Nohrias oft-cited 2018 study on CEO time management spent just 6% of their time with rank-and-file employees.

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Sandbox VR expands to new locations globally with $37M Series B led by Andreessen Horowitz

TechCrunch

About 80% of its employees had to leave the company, which was forced to file bankruptcy during the COVID crisis, he added. Its revenue is now up 20x compared to the beginning of this year (after reopening the global offices in April of this year). The company has 35 employees globally as of October, Zhao said.

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SoftBank-backed Indian logistics startup Delhivery files for $1 billion IPO

TechCrunch

Indian logistics startup Delhivery seeks to raise about $998 million in its initial public offering, the startup said in a filing with the local regulator, joining a number of other tech startups in the world’s second-largest internet market to explore the public markets.

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