Pre-IPO Sector News Update
August 24, 2020
Kabbage was acquired by American Express.
Palantir’s leaked S1 revealed several insights into the company’s financials. The company generated $742 million in revenue in 2019 (25% increase compared to 2018 revenue) with a net loss of $580 million in 2019 (similar to 2018 net loss).
Robinhood raised $200 million at a $11.2 billion valuation.
SpaceX raised $1.9 billion at a $46 billion valuation.
The news articles and links presented below are available for your reference.
KABBAGE
“American Express to Acquire Online Lender Kabbage”
PALANTIR
“Leaked S-1 Screenshots Show Palantir Losing $579M in 2019"
ROBINHOOD
“Robinhood Raises $200M as IPO Speculation Swirls”
SPACEX
“SpaceX is Now a $46 Billion 'Unicorn'”