Pre-IPO Sector News Update
November 30, 2020
Affirm, Airbnb, Roblox and Wish filed their S1s for their upcoming IPOs.
Addepar raised $117 million in its Series E round.
Buzzfeed acquired Huffpost, a news publishing site.
Duolingo raised $35 million at a $2.4 billion valuation.
Baiju Bhatt stepped down from his role as Co-CEO of Robinhood but will continue to develop the platform as a cofounder.
Discord was closing a funding round that would value the company at $7 billion.
Gingko Bioworks received a $1.1 billion loan from the U.S. International Development Finance Corp for COVID-19 testing and future pandemic mitigation.
Stripe was having talks to raise a new funding round that would cause the company’s valuation to surpass $70 billion.
The news articles and links presented below are available for your reference.
ADDEPAR
“Addepar Raises $117M in Series E Funding”
AFFIRM
“Payment Company Affirm Files to go Public with Revenues Doubling Year-over-year”
AIRBNB
“Airbnb Files to go Public, Turned a Profit Last Quarter”
BUZZFEED
“BuzzFeed Agrees to Buy HuffPost in Latest Online Media Merger”
DUOLINGO
“Language Learning App Duolingo Confirms it Has Raised $35M on a $2.4B Valuation”
ROBINHOOD
“Robinhood Co-founder Steps Down as co-CEO, Leaving Vlad Tenev as Sole Chief Ahead of a Rumored IPO”
ROBLOX
“Roblox Files to go Public”
WISH
“General Atlantic-backed Wish Makes IPO Filing Public”
DISCORD
“Discord is Close to Closing a Round That Would Value the Company at up to $7B”
GINGKO Bioworks
“U.S. Loans $1.1 Billion to Ginkgo Bioworks for Pandemic Effort”
STRIPE
“Payments Startup Stripe in Talks for Funding at $70 Billion Valuation or More”