Pre-IPO Sector News Update
November 9, 2020
Last week, Ant Group postponed its IPO due to China’s new regulatory banking rules.
ByteDance was having talks to raise $2 billion at a $180 billion valuation.
Plaid’s $5.3 billion merger with Visa was in jeopardy due to the DOJ filing an antitrust lawsuit.
Udacity raised $75 million in debt.
The news articles and links presented below are available for your reference.
ANT GROUP
“Ant Was Heading for a Record-breaking $37 Billion IPO Before its Dreams Were Dashed by Chinese Regulators, and Experts Say It May No Longer be the Hailed Fintech Disruptor the Banking Sector Expected”
https://www.businessinsider.com/what-happened-ant-group-ipo-jack-ma-alipay-2020-11
BYTEDANCE
“TikTok owner ByteDance in fundraising talks that will value it at $180 billion: sources”
PLAID
“DOJ seeks to block Visa’s $5.3 billion acquisition of start-up Plaid over antitrust concerns”
UDACITY
“Udacity Raises $75M in Debt, Says its Tech Education Business is Profitable After Enterprise Pivot”