Pre-IPO Sector News Update

April 6, 2020

Last week, Airbnb lowered its internal valuation to $26 billion citing reduced bookings from the Covid-19 outbreak.

Grab hired Peter Oey as its CFO. He was previously the CFO of LegalZoom, CFO of MyLife.com and Vice President and Corporate Controller at Activision Blizzard.

Via raised $200 million at a $2.25 billion valuation.

WeWork had its $3 billion tender offer from Softbank rescinded due to several pending criminal and civil investigations, antitrust issues and the Covid-19 outbreak.

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

AIRBNB

“Airbnb Lowers Internal Valuation to $26 Bln as Coronavirus Hits Bookings - FT"

• https://www.reuters.com/article/health-coronavirus-airbnb/airbnb-lowers-internal-valuation-to-26-bln-as-coronavirus-hits-bookings-ft-idUKL4N2BR09Z

GRAB

“Grab Hires Peter Oey as Its Chief Financial Officer”

• https://techcrunch.com/2020/04/01/grab-hires-peter-oey-as-its-chief-financial-officer/

VIA

“Via Raises $200 Million to Optimize Ride-Sharing Routes with AI"

• https://venturebeat.com/2020/03/30/via-raises-200-million-to-optimize-ride-sharing-routes-with-ai/

WEWORK

“SoftBank Terminates $3B Tender Offer for WeWork shares"

• https://techcrunch.com/2020/04/02/softbank-terminates-3bn-tender-offer-for-wework-shares/