Pre-IPO Sector News Update

March 8, 2021

• Last week, Auth0 was acquired by Okta for $6.5 billion.

• Compass and Coursera filed their S1s for its upcoming IPOs.

• Deliveroo generated £4.1 billion in revenue in 2020 (up from £2.5 billion in 2019) and posted a net loss of £223.7 million in 2020 (down from £317 million in 2019).

• Epic Games acquired Mediatonic, the firm that developed Fall Guys.

• Instacart raised $265 million at a $39 billion valuation.

• Oscar Health raised $1.2 billion in its IPO at a $7.7 billion valuation.

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

AUTH0

“ Okta Says it’s Buying Security Rival Auth0 for $6.5 Billion, Sending Stock Plunging”

• https://www.cnbc.com/2021/03/03/okta-is-buying-security-rival-auth0-for-6point5-billion-stock-falls.html

Compass

“Compass Files S-1, Reveals $3.7B in Revenue on Net Loss of $270M”

• https://techcrunch.com/2021/03/01/compass-files-for-ipo/

Coursera

“ A First Look at Coursera’s S-1 Filing”

• https://techcrunch.com/2021/03/05/a-first-look-at-courseras-s-1-filing/

Deliveroo

“Amazon-backed Deliveroo Reveals it Lost $309 Million in 2020 Ahead of IPO”

• https://www.cnbc.com/2021/03/08/deliveroo-reveals-it-lost-309-million-in-2020-ahead-of-london-ipo.html

epic games

“Epic Games is Buying Fall Guys Creator Mediatonic”

• https://www.theverge.com/2021/3/2/22309569/epic-games-fall-guys-mediatonic-acquisition-buying-announce-deal

INSTACART

“Instacart’s Valuation Doubles to $39 Billion”

• https://www.cnbc.com/2021/03/02/instacarts-valuation-doubles-to-39-billion.html

OSCAR

“Alphabet-Backed Oscar Health Raises $1.2 Billion in IPO”

• https://www.reuters.com/article/us-oscar-health-ipo/alphabet-backed-oscar-health-raises-1-2-billion-in-ipo-idUSKBN2AV07I