Pre-IPO Sector News Update
December 7, 2020
Last week, Airbnb increased the price range for its IPO to $56 to $60 per share which translates to $42 billion valuation.
DoorDash increased the price range for its IPO to $90 and $95 per share which translates to $30 billion valuation.
Gainsight was acquired by Vista Equity Partners for $1.1 billion.
Kustomer was acquired by Facebook for $1 billion.
Scale.Ai raised $155 million at a $3.5 billion valuation.
Two weeks ago, Hippo insurance raised $350 million from Mitsui Sumitomo Insurance Company.
The news articles and links presented below are available for your reference.
AIRBNB
“Airbnb Hikes its IPO Pricing Range and Targets a $42 Billion Valuation”
https://markets.businessinsider.com/news/stocks/airbnb-plans-higher-ipo-price-range-42-billion-valuation-2020-12-1029868444
DOORDASH
“DoorDash Boosts its IPO Target, Now Seeks to Raise $3.1 Billion”
https://markets.businessinsider.com/news/stocks/doordash-ipo-raise-3-billion-high-profile-stock-market-debut-2020-12-1029865253
GAINSIGHT
“Vista Acquires Gainsight for $1.1B, Adding to its Growing Enterprise Arsenal”
HIPPO
“Unicorn Hippo Insurance Raises A Fresh $350M”
KUSTOMER
“Facebook Acquires Kustomer, a CRM Start-up”
SCALE AI
“Scale, which Helps Companies Improve their A.I. Capabilities, is now Worth More than $3.5 Billion and Breaking Even”