MINDBODY

MINDBODY, Inc. engages in the development of cloud based business management software and payments platform. It operates through the following segments: Subscription and Services; Payments; and Product and Other. TThe Subscription and Services segment include sales of subscriptions to cloud based business management software for the wellness services industry. The Payments segment comprises payments revenue from revenue share arrangements with third-party payment processors on transactions between customers who utilize payments platform and their consumers. The Product and Other segment offer various point-of-sale system products and physical gift cards to customers. The company was founded by Robert Murphy, Blake Beltram, and Richard L. Stollmeyer in 1998 and is headquartered in San Luis Obispo, CA.

The full company name is Masterbeef Group.

MasterBeef seeks $7.5M in IPO amid declining revenue and lower cash flow due to restaurant divestitures and rising staff expenses. The company plans to use IPO proceeds for restaurant expansion, marketing, semifinished food production, tech upgrades, and general corporate purposes. MasterBeef faces significant market volatility and intense competition in Hong Kong, with recent financials showing variable results and negative staff efficiency.

MasterBeef Seeks U.S. IPO On Dropping Revenue

Pony AI Inc

VanEck

One micro-cap and one SPAC listed this past week, after oil and gas producer Peak Resources postponed its $66 million IPO at the eleventh hour. Eight small IPOs submitted initial filings this past week, all hailing from the Asia Pacific region. Two IPOs are currently scheduled for the week ahead - Pony AI & Brazil Potash.

News for MINDBODY Stock (MB)