Pre-IPO Sector News Update
April 14, 2020
Last week, Airbnb received a $1 billion investment from Silver Lake and Sixth Street that was exchanged for warrants to be exercised at $18 billion valuation. This $1 billion debt has a five-year term that yields between 11%to 12% interest.
SoFi acquired Galileo, a payments software firm, for $1.2 billion to develop new digital finance products.
WeWork sued Softbank for rescinding its $3 billion tender offer.
The news articles and links presented below are available for your reference.
Links
AIRBNB
“Airbnb's New $1 Billion Investment Comes at Lower Valuation: Sources"
SOFI
“SoFi to Acquire Payment Software Company Galileo for $1.2 Billion"
WEWORK
“ WeWork Sues SoftBank in Intensifying Crisis over Canceled $3B Tender Offer“