Pre-IPO Sector News Update

June 28, 2021

  • Last week, Buzzfeed planned to be acquired by 890 Fifth Avenue Partners, a SPAC, in a deal that values the company at $1.5 billion. The company also acquired Complex Networks, a digital publisher that specializes in content for Gen Z and Millennials , for $300 million.

  • Confluent raised $828 million in its IPO at roughly $9 billion valuation.

  • Robinhood’s IPO was delayed due to the SEC investigation of its growing crypto business.

  • Quanergy planned to be acquired by CITIC Capital Acquisition Corp, a SPAC, in a deal that values the company at $1.4 billion.

  • Wise (formerly TransferWise) confirmed that they will be performing a direct listing on the London Stock Exchange in early July at a valuation between $6 billion and 7 billion.

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

BUZZFEED

“BuzzFeed Announces Plans to go Public via SPAC, Targets $1.5 Billion Valuation”

CONFLUENT

“Benchmark-Backed Confluent Jumps in Debut, Valuation Soars Over $11 Bln”

ROBINHOOD

“SEC Reportedly Delays Robinhood's IPO Due to its Growing Crypto Business”

QUANERGY

“Lidar Company Quanergy to go Public via $1.4B SPAC Deal”

WISE

“Wise (formerly TransferWise) Confirms Direct Listing on the LSE in Early July, Reportedly at a $6B-$7B Valuation”

FIGMA

“Cloud-based Interface Design Startup Figma Raises $200M Round at $10B Valuation”

Dominic Cioffi