Pre-IPO Sector News Update

January 4, 2021

  • 23andMe raised $82.5 million in a new funding round.

  • Affirm acquired PayBright, a Candian Buy Now Pay Later firm, to expand the reach of its services.

  • Nuro acquired Ike, an autonomous truck start up

  • Ripple was sued by the SEC. The SEC claims that Ripple’s XRP token should be registered as a security.

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Kirat Lall
Pre-IPO Sector News Update

December 22, 2020

  • Last week, Coinbase confidentially filed for its IPO.

  • Ginkgo Bioworks acquired Novogy, a firm with an extensive strain assets and IP portfolio.

  • Oscar Health raised $140 million in a new funding round led by Tiger Global.

  • Robinhood was fined $65 million from the SEC for not accurately describing how the firm generated revenue to its customers.

  • Roblox acquired Loom.ai, a platform that develops 3D avatars.

  • Rubrik acquired Igneous, a developer of a unstructured data backup platform.

  • StockX raised $275 million at a $2.8 billion valuation.

  • UiPath confidentially filed for its IPO.

  • Wish raised $1.1 billion in its IPO at a $14.1 billion valuation.

  • Zomato raised $660 million at a $3.9 billion valuation.

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Kirat Lall
Pre-IPO Sector News Update

December 14, 2020

  • Last week, Affirm stated that it will delay its IPO to 2021.

  • Airbnb raised $3.5 billion at a $40 billion valuation in its IPO.

  • Calm raised an additional $75 million at a $2 billion valuation.

  • DoorDash raised $3.4 billion at a $34 billion valuation in its IPO.

  • Reddit acquired Dubsmash, a short video platform.

  • Roblox stated that it will delay its IPO to 2021.

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Kirat Lall
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