Pre-IPO Sector News Update

December 7, 2020

  • Last week, Airbnb increased the price range for its IPO to $56 to $60 per share which translates to $42 billion valuation.

  • DoorDash increased the price range for its IPO to $90 and $95 per share which translates to $30 billion valuation.

  • Gainsight was acquired by Vista Equity Partners for $1.1 billion.

  • Kustomer was acquired by Facebook for $1 billion.

  • Scale.Ai raised $155 million at a $3.5 billion valuation.

  • Two weeks ago, Hippo insurance raised $350 million from Mitsui Sumitomo Insurance Company.

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Kirat Lall
Pre-IPO Sector News Update

November 30, 2020

  • Affirm, Airbnb, Roblox and Wish filed their S1s for their upcoming IPOs.

  • Addepar raised $117 million in its Series E round.

  • Buzzfeed acquired Huffpost, a news publishing site.

  • Duolingo raised $35 million at a $2.4 billion valuation.

  • Baiju Bhatt stepped down from his role as Co-CEO of Robinhood but will continue to develop the platform as a cofounder.

  • Discord was closing a funding round that would value the company at $7 billion.

  • Gingko Bioworks received a $1.1 billion loan from the U.S. International Development Finance Corp for COVID-19 testing and future pandemic mitigation.

  • Stripe was having talks to raise a new funding round that would cause the company’s valuation to surpass $70 billion.

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Kirat Lall
Pre-IPO Sector News Update

November 16, 2020

  • Last week, DoorDash filed its S1 for its upcoming IPO.

  • Getaround raised $25 million in debt.

  • Nuro raised $500 million at a $5 billion valuation.

  • SentinelOne raised $267 million at a $3.1 billion valuation.

  • Workfront was acquired by Adobe for $1.5 billion.

  • Udemy was raising $100 million at a $3.32 billion.

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

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Kirat Lall
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