{"id":676,"date":"2021-11-19T02:48:01","date_gmt":"2021-11-19T01:48:01","guid":{"rendered":"https:\/\/monblogeur.tech\/index.php\/2021\/11\/19\/braze-valued-at-usd8bn-after-ipo-us-ftc-push-facebook-antitrust-lawsuit-exchangewire\/"},"modified":"2021-11-19T02:48:01","modified_gmt":"2021-11-19T01:48:01","slug":"braze-valued-at-usd8bn-after-ipo-us-ftc-push-facebook-antitrust-lawsuit-exchangewire","status":"publish","type":"post","link":"https:\/\/monblogeur.tech\/index.php\/2021\/11\/19\/braze-valued-at-usd8bn-after-ipo-us-ftc-push-facebook-antitrust-lawsuit-exchangewire\/","title":{"rendered":"Braze Valued at USD$8bn After IPO; US FTC Push Facebook Antitrust Lawsuit &#8211; ExchangeWire"},"content":{"rendered":"<div class=\"cfbc967f0983488262956e73eca9483a\" data-index=\"1\" style=\"float: none; margin:10px 0 10px 0; text-align:center;\">\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3859091246952232\" crossorigin=\"anonymous\"><\/script>\r\n<!-- blok -->\r\n<ins class=\"adsbygoogle\" data-ad-client=\"ca-pub-3859091246952232\" data-ad-slot=\"1334354390\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n\n<\/div>\n<p>by <span class=\"author\"><a href=\"https:\/\/www.exchangewire.com\/author\/zara\/\" title=\"Posts by Zara Briggs\" class=\"author url fn\" rel=\"author\">Zara Briggs<\/a><\/span> on\t\t\t\t18th Nov 2021\t\t\t\tin <a href=\"\/emea\/\">News<\/a><br \/><strong><b>In today\u2019s ExchangeWire news digest: Braze have sold 8 million shares in their initial public offering; The US Federal Trade Commission are pushing the antitrust lawsuit filed against Facebook (now Meta) to go ahead; and Ultraleap raise \u00a360m in Series D to drive the metaverse.<\/b><\/strong><br \/>&nbsp;<br \/>&nbsp;<br \/><span style=\"font-weight: 400\"><a href=\"https:\/\/www.reuters.com\/article\/braze-ipo\/update-2-braze-valued-at-8-bln-as-shares-jump-in-nasdaq-debut-idUSL4N2S83EE\">Braze have sold 8 million shares<\/a> in their initial public offering (IPO), opening 34% above the offer price of USD$65 (\u00a348.2) per share. The stock opened on the 17th November at USD$87.20 (\u00a364.6), valuing the customer engagement platform at around USD$8bn (\u00a35.9bn). 6.7 million of these shares of Class A common stock were offered by Braze, and the rest were offered by the selling stockholders named in the prospectus.<\/span><br \/><span style=\"font-weight: 400\">The New York-based platform was founded in 2011, aiming to drive change in business and society through the adoption of mobile. Chief executive officer and co-founder of Braze, William Magnuson, <\/span><a href=\"https:\/\/www.braze.com\/resources\/articles\/a-letter-from-william-magnuson-chief-executive-officer-and-cofounder-of-braze\"><span style=\"font-weight: 400\">comments on this<\/span><\/a><span style=\"font-weight: 400\"> following their announcement of going public, \u201cour goal was to build a company that would capitalise on new technology to help the world\u2019s best companies grow faster and more confidently by trusting us with their most valuable asset: their customer relationships.\u201d He adds, \u201cTechnology continues to advance, and we at Braze continue to be nimble, as we see a growing recognition that authentic engagement and relationship-building are fundamental to business-building.\u201d<\/span><br \/><span style=\"font-weight: 400\">Goldman Sachs &amp; Co. LLC, J.P Morgan, and Barclays are acting as joint lead book-running managers for this offering. Braze have granted the underwriters a 30-day option to purchase up to 800,000 additional shares of Class A common stock.\u00a0<\/span><br \/>CEO and co-founder of Braze, Bill Magnuson, told ExchangeWire, \u201ctoday&rsquo;s IPO will enable us to continue expanding our services, to power more innovation to our platform, and to deliver great value and opportunities to our customers.\u201d<br \/>&nbsp;<br \/>&nbsp;<br \/>&nbsp;<br \/><span style=\"font-weight: 400\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-1619545 alignright\" src=\"https:\/\/www.exchangewire.com\/wp-content\/uploads\/2021\/09\/glowing-facebook-logo-pattern-1-300x259.jpg\" alt=\"\" width=\"232\" height=\"200\" srcset=\"https:\/\/www.exchangewire.com\/wp-content\/uploads\/2021\/09\/glowing-facebook-logo-pattern-1-300x259.jpg 300w, https:\/\/www.exchangewire.com\/wp-content\/uploads\/2021\/09\/glowing-facebook-logo-pattern-1-30x26.jpg 30w, https:\/\/www.exchangewire.com\/wp-content\/uploads\/2021\/09\/glowing-facebook-logo-pattern-1-38x33.jpg 38w, https:\/\/www.exchangewire.com\/wp-content\/uploads\/2021\/09\/glowing-facebook-logo-pattern-1-58x50.jpg 58w, https:\/\/www.exchangewire.com\/wp-content\/uploads\/2021\/09\/glowing-facebook-logo-pattern-1-60x52.jpg 60w, https:\/\/www.exchangewire.com\/wp-content\/uploads\/2021\/09\/glowing-facebook-logo-pattern-1-90x78.jpg 90w, https:\/\/www.exchangewire.com\/wp-content\/uploads\/2021\/09\/glowing-facebook-logo-pattern-1-200x173.jpg 200w, https:\/\/www.exchangewire.com\/wp-content\/uploads\/2021\/09\/glowing-facebook-logo-pattern-1-197x170.jpg 197w, https:\/\/www.exchangewire.com\/wp-content\/uploads\/2021\/09\/glowing-facebook-logo-pattern-1-102x88.jpg 102w, https:\/\/www.exchangewire.com\/wp-content\/uploads\/2021\/09\/glowing-facebook-logo-pattern-1-93x80.jpg 93w, https:\/\/www.exchangewire.com\/wp-content\/uploads\/2021\/09\/glowing-facebook-logo-pattern-1-138x119.jpg 138w, https:\/\/www.exchangewire.com\/wp-content\/uploads\/2021\/09\/glowing-facebook-logo-pattern-1-280x242.jpg 280w, https:\/\/www.exchangewire.com\/wp-content\/uploads\/2021\/09\/glowing-facebook-logo-pattern-1-405x350.jpg 405w, https:\/\/www.exchangewire.com\/wp-content\/uploads\/2021\/09\/glowing-facebook-logo-pattern-1-210x181.jpg 210w, https:\/\/www.exchangewire.com\/wp-content\/uploads\/2021\/09\/glowing-facebook-logo-pattern-1-260x225.jpg 260w\" sizes=\"auto, (max-width: 767px) 100vw, 767px\" \/>On Wednesday, the US Federal Trade Commission said in a filing that a federal court should allow the <a href=\"https:\/\/www.reuters.com\/technology\/us-ftc-says-court-should-allow-antitrust-lawsuit-against-facebook-go-forward-2021-11-17\/\">antitrust lawsuit<\/a> they filed against Facebook (now Meta) to go ahead, claiming that the tech entity \u201cinterfered with the competitive process by targeting nascent threats through exclusionary conduct.\u00a0\u00bb This suit represents one of the most significant challenges the FTC have brought against a tech company in decades.<\/span><br \/><span style=\"font-weight: 400\">The US FTC have alleged that the tech giant has monopoly power in the social media market, however, their original complaint, which was filed in December 2020, was deemed to be lacking in evidence by the US District Court for the District of Columbia. In August, they refreshed their case, additionally claiming that Facebook bought rivals and crushed competition. They have repeatedly pleaded with US judges to force Facebook to sell Instagram and WhatsApp.\u00a0<\/span><br \/><span style=\"font-weight: 400\">Meta have disagreed with these claims, arguing that it ignores the \u201creality\u201d that people have more choice in how they connect and communicate. A spokesperson for Meta stated that their \u201csecond complaint should be dismissed just like the first.\u201d<\/span><br \/>&nbsp;<br \/>&nbsp;<br \/>&nbsp;<br \/><span style=\"font-weight: 400\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-1641879 alignleft\" src=\"https:\/\/www.exchangewire.com\/wp-content\/uploads\/2021\/11\/ultraleap-logo-300x300.jpeg\" alt=\"ultraleap\" width=\"243\" height=\"243\" srcset=\"https:\/\/www.exchangewire.com\/wp-content\/uploads\/2021\/11\/ultraleap-logo-300x300.jpeg 300w, https:\/\/www.exchangewire.com\/wp-content\/uploads\/2021\/11\/ultraleap-logo-150x150.jpeg 150w, https:\/\/www.exchangewire.com\/wp-content\/uploads\/2021\/11\/ultraleap-logo-30x30.jpeg 30w, https:\/\/www.exchangewire.com\/wp-content\/uploads\/2021\/11\/ultraleap-logo-38x38.jpeg 38w, https:\/\/www.exchangewire.com\/wp-content\/uploads\/2021\/11\/ultraleap-logo-58x58.jpeg 58w, https:\/\/www.exchangewire.com\/wp-content\/uploads\/2021\/11\/ultraleap-logo-60x60.jpeg 60w, https:\/\/www.exchangewire.com\/wp-content\/uploads\/2021\/11\/ultraleap-logo-90x90.jpeg 90w, https:\/\/www.exchangewire.com\/wp-content\/uploads\/2021\/11\/ultraleap-logo-200x200.jpeg 200w, https:\/\/www.exchangewire.com\/wp-content\/uploads\/2021\/11\/ultraleap-logo-170x170.jpeg 170w, https:\/\/www.exchangewire.com\/wp-content\/uploads\/2021\/11\/ultraleap-logo-102x102.jpeg 102w, https:\/\/www.exchangewire.com\/wp-content\/uploads\/2021\/11\/ultraleap-logo-80x80.jpeg 80w, https:\/\/www.exchangewire.com\/wp-content\/uploads\/2021\/11\/ultraleap-logo-119x119.jpeg 119w, https:\/\/www.exchangewire.com\/wp-content\/uploads\/2021\/11\/ultraleap-logo-271x271.jpeg 271w, https:\/\/www.exchangewire.com\/wp-content\/uploads\/2021\/11\/ultraleap-logo-350x350.jpeg 350w, https:\/\/www.exchangewire.com\/wp-content\/uploads\/2021\/11\/ultraleap-logo-210x210.jpeg 210w, https:\/\/www.exchangewire.com\/wp-content\/uploads\/2021\/11\/ultraleap-logo-225x225.jpeg 225w, https:\/\/www.exchangewire.com\/wp-content\/uploads\/2021\/11\/ultraleap-logo-50x50.jpeg 50w, https:\/\/www.exchangewire.com\/wp-content\/uploads\/2021\/11\/ultraleap-logo-120x120.jpeg 120w, https:\/\/www.exchangewire.com\/wp-content\/uploads\/2021\/11\/ultraleap-logo.jpeg 400w\" sizes=\"auto, (max-width: 767px) 100vw, 767px\" \/>Ultraleap, a tech company that creates hand tracking and haptics solutions, <a href=\"https:\/\/www.ultraleap.com\/company\/news\/press-release\/ultrahaptics-leap-motion\/\">have raised \u00a360m<\/a> in a Series D investment led by Tencent, British Patient Capital\u2019s \u201cFuture Fund: Breakthrough\u201d, and CMB International. Existing shareholders, Mayfair Equity Partners and IP Group plc, supported the round. The funding will allow Ultraleap to continue developing technologies for existing and next generation computing platforms.<\/span><br \/><span style=\"font-weight: 400\">The tech platform was formed in 2019 when Ultrahaptics acquired Leap Motion for around USD$30m (\u00a322m). Their aim was to drive new forms of interactive products, as well as leverage customer contacts. Today, Ultraleap provides hand tracking and mid-air haptic technologies, allowing users to engage with the digital world.<\/span><br \/><span style=\"font-weight: 400\">CEO of Ultraleap, Tom Carter, commented, \u201cthe metaverse concept is not new to Ultraleap. It has always been our mission to remove boundaries between physical and digital worlds. The pandemic has accelerated the rise of the term as more people now understand the power of enhancing the physical world with digital elements.\u201d He adds, \u201cour aim with this Series D raise is to accelerate the transition to the primary interface \u2013 your hands \u2013 because there are no physical controllers, buttons or touchscreens in anyone&rsquo;s vision of the metaverse.\u201d<\/span><br \/>&nbsp;<br \/>&nbsp;<br \/>&#8211; <a href=\"https:\/\/www.exchangewire.com\/blog\/2021\/11\/15\/yahoo-pilots-first-dooh-omni-channel-campaign-schroders\/\">Yahoo Pilots First DOOH-led Omni-channel Campaign with Schroders<\/a><br \/>&#8211; <a href=\"https:\/\/www.exchangewire.com\/blog\/2021\/11\/16\/content-climate-change-related-keywords-brand-safe\/\">Almost 60% of Content Containing Climate Change-Related Keywords is Brand Safe<\/a><br \/>&#8211; <a href=\"https:\/\/www.exchangewire.com\/blog\/2021\/11\/16\/taboola-teams-getty-images-integrate-video-library-advertiser-platform\/\">Taboola Teams with Getty Images to Integrate Video Library within Advertiser Platform<\/a><br \/>&#8211; <a href=\"https:\/\/www.exchangewire.com\/blog\/2021\/11\/16\/xinchao-media-strengthens-programmatic-dooh-capabilities-china-hivestack-partnership\/\">XinChao Media Strengthens Programmatic DOOH Capabilities in China with Hivestack Partnership<\/a><br \/><a href=\"https:\/\/www.exchangewire.com\/blog\/category\/facebook\/\" rel=\"tag\">Facebook<\/a><a href=\"https:\/\/www.exchangewire.com\/blog\/category\/funding\/\" rel=\"tag\">Funding<\/a><a href=\"https:\/\/www.exchangewire.com\/blog\/category\/ipo\/\" rel=\"tag\">IPO<\/a><a href=\"https:\/\/www.exchangewire.com\/blog\/category\/legal\/\" rel=\"tag\">Legal<\/a><a href=\"https:\/\/www.exchangewire.com\/blog\/category\/metaverse\/\" rel=\"tag\">Metaverse<\/a><br \/><a href=\"https:\/\/www.exchangewire.com\/blog\/2021\/10\/18\/amazon-rig-search-results-facebook-expand-metaverse-production\/\">Amazon Rig Search Results; Facebook Will Expand for Metaverse Production<\/a><br \/><a href=\"https:\/\/www.exchangewire.com\/blog\/2021\/07\/29\/walmart-begin-selling-ecommerce-tech-facebook-financial-growth-fastest-in-5-years\/\">Walmart Begin Selling eCommerce Tech; Facebook Financial Growth Fastest in 5 Years<\/a><br \/><a href=\"https:\/\/www.exchangewire.com\/blog\/2021\/09\/23\/google-announces-ad-transparency-changes-facebooks-cto-steps-down\/\">Google Announces Ad Transparency Changes; Facebook\u2019s CTO Steps Down<\/a><br \/>Get the latest ExchangeWire news delivered straight to your inbox.<\/p>\n<p><a href=\"https:\/\/www.exchangewire.com\/blog\/2021\/11\/18\/braze-valued-usd8bn-ipo-ftc-push-facebook-antitrust-lawsuit\/\">source<\/a><\/p>\n<!--CusAds0-->\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>by Zara Briggs on 18th Nov 2021 in NewsIn today\u2019s ExchangeWire news digest: Braze have sold 8 million shares in their initial public offering; The US Federal Trade Commission are pushing the antitrust lawsuit filed against Facebook (now Meta) to go ahead; and Ultraleap raise \u00a360m in Series D to drive the metaverse.&nbsp;&nbsp;Braze have sold [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAow1sXXCw:productID":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-676","post","type-post","status-publish","format-standard","hentry","category-non-classe"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/posts\/676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/comments?post=676"}],"version-history":[{"count":0,"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/posts\/676\/revisions"}],"wp:attachment":[{"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/media?parent=676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/categories?post=676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/tags?post=676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}