Pre-IPO Sector News Update
December 22, 2020
Last week, Coinbase confidentially filed for its IPO.
Ginkgo Bioworks acquired Novogy, a firm with an extensive strain assets and IP portfolio.
Oscar Health raised $140 million in a new funding round led by Tiger Global.
Robinhood was fined $65 million from the SEC for not accurately describing how the firm generated revenue to its customers.
Roblox acquired Loom.ai, a platform that develops 3D avatars.
Rubrik acquired Igneous, a developer of a unstructured data backup platform.
StockX raised $275 million at a $2.8 billion valuation.
UiPath confidentially filed for its IPO.
Wish raised $1.1 billion in its IPO at a $14.1 billion valuation.
Zomato raised $660 million at a $3.9 billion valuation.
The news articles and links presented below are available for your reference.
COINBASE
“Coinbase Files to go Public Confidentially and We’re Hyped”
GINKGO BIOWORKS
“ Ginkgo Bioworks Acquires Biotechnology Startup Novogy's Microbial Engineering Platform”
OSCAR HEALTH
“Oscar Health Closes $140M Funding Round Led by Tiger Global”
ROBINHOOD
“ SEC Charges Robinhood With Misleading Customers About How it Makes Money”
ROBLOX
“Roblox Purchases Digital Avatar Firm Loom.ai”
RUBRIK
“Cloud Data Giant Rubrik Acquires Tech and IP Assets From Seattle Startup Igneous”
STOCKX
“ StockX in Detroit Gets Big $2.8 Billion Valuation with New Investment”
UIPATH
“ UiPath Files Confidential IPO Paperwork, Could Become One of New York City’s Biggest Tech Companies”
WISH
“ Wish Reaches $14 Billion Market Value As Online Retailer Prices IPO at $24”
ZOMATO
“Indian Food Delivery Giant Zomato Secures $660 Million”