Pre-IPO Sector News Update

November 9, 2020

  • Last week, Ant Group postponed its IPO due to China’s new regulatory banking rules.

  • ByteDance was having talks to raise $2 billion at a $180 billion valuation.

  • Plaid’s $5.3 billion merger with Visa was in jeopardy due to the DOJ filing an antitrust lawsuit.

  • Udacity raised $75 million in debt.

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Kirat Lall
Pre-IPO Sector News Update

November 2, 2020

  • Last week, NerdWallet acquired Fundera, a platform that assists small and medium-sized businesses with assessing various lending options, to expand its financial guidance features.

  • Procore acquired Esticom, a preconstruction estimating solution, to enable greater precision in calculating costs.

  • Scopely raised $340 million at a $3.3 billion valuation.

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Kirat Lall
Pre-IPO Sector News Update

October 26, 2020

  • Last week, Airbnb’s board approved a 2-for-1 stock split.

  • Eat Just was raising $200 million in a new funding round that may value the company around $2 billion.

  • Handshake raised $80 million in a new funding round.

  • Scopely acquired Genjoy, , developer of popular mobile game Tuscany Villa, to grow its number of users.

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Kirat Lall
Pre-IPO Sector News Update

October 19, 2020

  • Last week, Calm was raising funding at a $2.2 billion valuation.

  • Databricks achieved $350 million revenue run rate.

  • Getaround raised $140 million in a new funding round.

  • Proterra raised $200 million in new funding round.

  • Roblox confidentially filed for its IPO.

  • Stripe acquired Paystack, a Nigeria based payments API platform, to expand its presence in Africa.

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Kirat Lall
Pre-IPO Sector News Update

October 12, 2020

  • Last week, Affirm confidentially filed documents for its upcoming IPO.

  • Clover Health was acquired by Social Capital Hedosophia Holdings Copr. III, a SPAC, for $3.7 billion.

  • Instacart raised $200 million at a $17.7 billion valuation.

  • Marqeta received an undisclosed investment from MasterCard.

  • Segment was acquired by Twilio for $3.2 billion.

  • Two weeks ago, Better was raising $100 million at a $4 billion valuation.

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Kirat Lall
Pre-IPO Sector News Update

October 5, 2020

  • Last week, Airbnb was planning to raise $3 billion in its expected IPO.

  • Asana went public via a direct listing that valued the company at $4.2 billion

  • Palantir went public via a direct listing that valued the company at $20.6 billion.

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Kirat Lall