Sources: Databricks is raising $5B at a $134B valuation and projects sales to grow 55% in 2025 to $4.1B, at roughly breakeven, with ~$10M in free cash flow
Cory Weinberg / The Information :
Filing: StubHub, which is planning a September IPO, says revenue grew 3% to $828M in H1, missing its earlier projection of $885M, with adjusted EBITDA down 7%
Cory Weinberg / The Information :
Cloud security provider Netskope files for a US IPO, reports H1 FY 2026 revenue up 30.7% YoY to $328.5M; it is seeking to raise $500M+ at a $5B+ valuation
LETTER FROM OUR CO-FOUNDER AND CEO In 2012, I saw the future unfolding before my eyes … Jacob Robbins / PitchBook : Lightspeed-backed cybersecurity unicorn Netskope files to go public Michael Novinson...
Sources: Meta's Scale AI talks started in mid-April, with Mark Zuckerberg floating a $5B investment in early May, which Alexandr Wang later countered with $20B
Cory Weinberg / The Information :
StubHub files for an IPO, with plans to list on the NYSE, and reports a $2.8M loss on $1.77B in revenue in 2024, vs. a $405M profit on $1.37B in revenue in 2023
Secondary Ticketing Sales Up 29% in 2024 Bill Peters / MarketWatch : Referenced Symbols — Ticket-resale platform StubHub on Friday said it had filed … Los Angeles Times : Ticket platform StubHub fil...
Source: Databricks tells investors it aims to raise $7B to $9B at a ~$61B valuation, to cash out employees that hold RSUs and cover the staff taxes it would owe
Cory Weinberg / The Information : X: @bryce , @alex , @josephjacks_ , and @eastdakota X: Bryce Roberts / @bryce : Zero reason for companies with high demand for their stock to go public anymore. None...
How Scale AI's $13.8B valuation from May 2024's $1B funding round is almost certainly too high, given below-average margins, a reliance on few clients, and more
Cory Weinberg / The Information : Threads: @paul_rietschka . X: @coryweinberg and @coryweinberg Threads: Paul Rietschka / @paul_rietschka : This company with its high school graduate CEO is absolutel...
Sources: StubHub aims to go public by late summer but may call off the listing if it can't get close to the $16.5B valuation from a funding round in 2021
Cory Weinberg / The Information :
Cloud data management startup Rubrik files for a NYSE IPO under the symbol RBRK, reporting a net loss of $354M on revenue of $628M for the year ended January 31
We are on a mission to secure the world’s data. Cyberattacks are inevitable. Kyle Alspach / CRN : Rubrik Files IPO Plans, Reports $784 Million In ARR Lindsay Clark / The Register : Rubrik files to ...
Reddit closed up 48%, at $50.44/share, in its NYSE debut, valuing the company at ~$9.5B on a fully diluted basis, just shy of its $10B valuation in August 2021
even for y'all. Rat King / @mikeisaac : apparently Reddit's IPO included the first bell-ringing carried out by a “non-human entity” — in this case, the alien Snoo [image] Trevor Scott / @tidefallcapit...