Late Stage Mature Pre IPO Unicorns - PreIPOSwap.com

Job Site Handshake Joins Unicorn Board With $80M Series E

from crunchbase San Francisco-based Handshake, a job service aimed at college students, announced its Series E funding of $80 million led by prior investors Spark Capital and Lightspeed Venture Partners valuing the company at more than $1.5 billion. This funding comes within seven months of its Series D in October 2020. That round was also $80 million, valuing the company at[…]

The Briefing: Paymentus And Flywire Price IPOs, Perch Secures $775M, And More

from crunchbase Payments companies Paymentus and Flywire price IPOs The payments space is heating up further, as two companies in the sector priced U.S. IPOs for shares slated to begin trading today. Boston-based Flywire, which provides payment processing software to education, health care and technology companies, priced shares at $24, the high end of the projected[…]

How VCs are fueling wider adoption of AI

from pitchbook The recent IPO of Chinese social media giant Kuaishou demonstrates that, for some emerging large companies, AI is their core product. Global VC funding supports this software architecture with rapidly increasing deal sizes across segments, including horizontal platforms, vertical applications, autonomous machines and semiconductors. End-user spending is also poised to escalate in 2021,[…]

Procore Goes Public After Putting IPO On Hold

From crunchbase Construction tech company Procore began trading on Thursday, closing at $88, 31 percent above its IPO price. Known for its construction management software platform, Carpinteria, California-based Procore raised nearly $635 million through its IPO, selling 9.47 million shares for $67 apiece. The company had set a price range of between $60 and $65 for its[…]

The Briefing: Paymentus, Marqeta File For IPOs, AT&T Plans Spinoff, And More

From crunchbase news Paymentus files to raise up to $241.5M in IPO Bill payment platform Paymentus has filed to go public, seeking to raise up to $241.5 million, per its IPO prospectus. The Redmond, Washington-headquartered company posted revenue of $302 million in 2020, up 28 percent year over year, along with $13 million in net income.  Its largest[…]

The Market Minute: Tough Market Conditions Have Squeezed The IPO Window, But The Pipeline Remains Robust

From crunchbase news We’re almost halfway through the year, and the current market for IPOs is far from where it was when 2021 began. Reports of inflation spurred a far-reaching stock selloff last week, with tech stocks in particular being hit hard. That, in turn, has led to an expected slowdown for IPOs in the[…]

Growth Firms, Not VCs, Are The Most Active Investors In New Unicorns This Year, And They’re Doubling Down

From Crunchbase News An unprecedented number of companies have joined Crunchbase’s private company unicorn board already this year: Less than halfway into 2021 there are 166 new companies, compared to 163 for the whole of 2020. Subscribe to the Crunchbase Daily Based on our analysis, New York-based private equity firm Tiger Global Management is the most active investor[…]

IPO

Software Firm Procore Targets $616 Million for IPO Raise

From Bloomberg: Procore Technologies Inc., a cloud-based construction software company, is seeking to raise as much as $616 million in an initial public offering. Procore, which is restarting its IPO plans after they were delayed by the coronavirus pandemic, said in a filing Monday that it plans to sell 9.47 million shares for $60 to $65 each.[…]

Coupang tops $88B valuation in market debut

From Pitchbook: Coupang surged over 40% in its trading debut, valuing the South Korean ecommerce company at $88.3 billion on a fully diluted basis. Coupang raised $4.6 billion in its IPO, one of the year’s biggest, after pricing its shares at $35 apiece. Shares closed Thursday at $49.25 each on the NYSE. SoftBank‘s 33% stake in[…]

IPO

Roblox valued at $45.3B in record-setting direct listing

From Pitchbook: Roblox has completed its long-awaited direct listing on the NYSE, with shares closing at $69.47 for a fully diluted value of $45.3 billion—a gargantuan valuation for a video game company that rose to prominence and saw massive growth during the pandemic. Roblox’s valuation in its debut makes it the most valuable gaming company to[…]

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