Pre-IPO Sector News Update

May 17, 2021

  • Last week, Better planned to be acquired by Aurora Acquisition Corp, a SPAC, in a deal that values the company at $7.7 billion.

  • Bird planned to be acquired by Switchback II, a SPAC, in a deal that values the company at $2.3 billion.

  • DataRobot acquired Zepl, a data science and machine learning platform.

  • Ginkgo Bioworks planned to be acquired by Soaring Eagle Acquisition Corp, a SPAC, in a deal that values the company at $15 billion.

  • JD Logistics filed documents for its upcoming IPO where the company plans to raise roughly $3.4 billion.

  • Marqeta filed its S1 for its upcoming IPO.

  • Stripe acquired Bouncer, a payment authentication startup.

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

BETTER

“SoftBank-backed Mortgage Lender Better Going Public via $7.7 Billion SPAC”

BIRD

“Bird to go Public via SPAC, at an Implied Vlue of $2.3B”

DATAROBOT

“DataRobot Acquires Data Science Platform Zepl”

GINKGO BIOWORKS

“Bill Gates-backed Ginkgo Bioworks Going Public via $15 Billion SPAC”

JD LOGISTICS

“JD Logistics Launches Hong Kong IPO to Raise up to $3.4 Bln – Filings”

MARQETA

“ U.S. Payments Startup Marqeta Reveals Revenue Doubling in IPO Filing”

STRIPE

“ Stripe Acquires Bouncer, Will Integrate its Card Authentication into the Radar Fraud Detection Tool”

Kirat Lall