Pre-IPO Sector News Update
January 11, 2021
Last week, Affirm increased its IPO pricing target range to $41/share - $44/share which corresponds to a valuation as high as $10.7 billon.
Divvy raised $165 million at $1.6 billion valuation.
Epic Games acquired Rad Game Tools, a seasoned game development firm.
Hootsuite acquired Sparkcentral, a SaaS platform for digital customer service.
Instacart appointed Nick Giovanni as its CFO. Giovanni previously worked at Goldman Sachs where he advised later stage growth clients on financial transactions.
Revolut requested U.K. regulators for a banking license.
Roblox raised $520 million at a $29.5 billion valuation and expressed plans for a direct listing.
SoFi has reached an agreement to be acquired by Social Capital Hedosophia Holdings Corp. V (NYSE: IPOE).
The news articles and links presented below are available for your reference.
AFFIRM
“Affirm Boosts IPO Price Range to Raise Up to $1.1 Billion”
DIVVY
“Divvy Raises $165 Million at a $1.6 Billion Valuation”
EPIC GAMES
“Epic Acquires Rad Game Tools, Veteran of Many Gaming Generations”
HOOTSUITE
“Hootsuite Acquires Sparkcentral”
INSTACART
“Instacart taps M&A/IPO specialist Nick Giovanni as CFO”
REVOLUT
“Revolut Applies for U.K. Banking License”
ROBLOX
“Roblox Raises $520 Million Ahead of Planned Stock Market Direct Listing”
SOFI
“ SoFi, A Leading Next-Generation Financial Services Platform, to Become Publicly-traded via Merger with Social Capital Hedosophia”