Pre-IPO Sector News Update
April 20, 2021
Last week, Coinbase went public via a direct listing that valued the company at $99.60 billion at the opening of the first trading day.
Grab planned to be acquired by Altimeter Growth Corp, a SPAC, in a deal that the values the company at $39.6 billion.
MasterClass was raising a new funding round at a $2.5 billion valuation.
Revolut was raising a new funding round at a valuation greater than $10 billion.
Scale raised a $325 million at a $7 billion valuation.
Squarespace filed its S1 for its upcoming direct listing.
In its latest regulatory filing, Zymergen planned to sell its shares at a range of $28 per share to $31 per share, raising roughly $421.6 million at the top end of the range which translates to a $2.96 billion valuation.
The news articles and links presented below are available for your reference.
COINBASE
“Coinbase Opens at $381 Per Share, Valuing the Crypto Exchange at Nearly $100B”
GRAB
“Singapore’s Grab to List in U.S. in $40 Billion SPAC Deal”
MASTERCLASS
“Scoop: MasterClass Raising New Funding at $2.5 Billion Valuation”
REVOLUT
“British Fintech Revolut on Path to $10 Bln Valuation With New Funding - Sky News”
SCALE
“Artificial Intelligence Firm Scale Raises $325 Million at $7 Billion Valuation”
SQUARESPACE
“Squarespace Files for a Direct Listing on the NYSE”
ZYMERGEN
“Zymergen Sets Price Range For IPO”