Pre-IPO Sector News Update

December 14, 2020

• Last week, Affirm stated that it will delay its IPO to 2021.

• Airbnb raised $3.5 billion at a $40 billion valuation in its IPO.

• Calm raised an additional $75 million at a $2 billion valuation.

• DoorDash raised $3.4 billion at a $34 billion valuation in its IPO.

• Reddit acquired Dubsmash, a short video platform.

• Roblox stated that it will delay its IPO to 2021.

The news articles and links presented below are available for your reference.

AFFIRM

“POS Lender Affirm Delays IPO Until At Least January”

• https://www.pymnts.com/news/ipo/2020/point-of-sale-lender-affirm-delays-initial-public-offering-until-at-least-january/

AIRBNB

“Airbnb IPO Raises at Least $3.5 Billion, Challenging DoorDash and Snowflake for Largest IPO of the Year”

• https://www.marketwatch.com/story/airbnb-ipo-raises-at-least-3-5-billion-challenging-doordash-and-snowflake-for-largest-ipo-of-the-year-11607564401#:~:text=At%20its%20IPO%20price%2C%20Airbnb,2020%20IPO%20train%2C%20DoorDash%20Inc.

CALM

“Calm Raises $75M More at $2B Valuation”

• https://techcrunch.com/2020/12/08/calm-raises-75m-more-at-2b-valuation/

DOORDASH

“ DoorDash Prices IPO at $102 Per Share, Will Raise $3.4 billion”

• https://markets.businessinsider.com/news/stocks/doordash-ipo-stock-offering-price-filing-dash-trading-debut-nyse-2020-12-1029875380

REDDIT

“Reddit Acquires Dubsmash”

• https://techcrunch.com/2020/12/13/reddit-acquires-dubsmash/

ROBLOX

“U.S. gaming Platform Roblox to Delay IPO Until Next Year”

• https://www.reuters.com/article/us-roblox-ipo/u-s-gaming-platform-roblox-to-delay-ipo-until-next-year-idUSKBN28M070