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Neo-bank Dave makes it debut on the Nasdaq with a billboard.
Neo-bank Dave makes it debut on the Nasdaq with a billboard.

Fintech startup Dave had a tumultuous debut on the Nasdaq today. Shares traded at $8.27 upon opening, giving the company a market capitalization of roughly $3 billion. After initially swooning near $7 per share, Dave’s stock rebounded above the $9 mark before closing the day at $8.53. Read more >>

Here’s what else we're reading in the news:

After Dave, Another LA Fintech Plans to Go Public

By Pat Maio

The Los Angeles-based startup Dave made its debut on the Nasdaq today but is hardly the only fintech looking to go public this year. Marina del Rey-based Aspiration, which offers banking services with an environmentally-conscious angle, is pursuing a similar route and aims to make its market debut by the end of March.

E3 Will Be Online-Only Again This Year

By Samson Amore

The annual Electronic Entertainment Expo—better known as E3—will be an online-only affair this summer, instead of its usual blowout event at the Los Angeles Convention Center in Downtown L.A. The organizer cited the coronavirus pandemic amid the rapid, ongoing spread of the omicron variant.

Upfront Ventures Secures $177 Million for New Continuation Fund

By Harrison Weber

Santa Monica-based venture capital firm Upfront Ventures has raised $176.5 million for a new fund, according to a filing with the Securities and Exchange Commission. Earlier this week, Upfront postponed its annual tech conference from late January to early March, citing the rapid spread of the omicron coronavirus variant.

ChargeNet Raises $6 Million to Put EV Chargers in Fast Food Parking Lots

By Samson Amore

Electric vehicle charging startup ChargeNet raised a $6.2 million seed round from local investors including the Los Angeles Cleantech Incubator, as it looks to expand its network of charging hubs at fast food restaurants across California.

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