Sources: Sequoia stands to gain ~$2.65B from Klarna's IPO, a six-fold return on its ~$500M total investment, and is selling ~2% of its stake in the IPO
Katie Roof / The Information :
Source: AI contractor marketplace Mercor has received investment offers valuing it as high as $10B, just six months after raising $100M at a $2B valuation
Katie Roof / 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...
Virtual physical therapy service Hinge Health files for a US IPO, and reports revenue of $390M in 2024, up from $293M in 2023, and a net loss of $11.9M
The following tables set forth our summary consolidated financial data. Ashley Capoot / CNBC : Digital physical therapy provider Hinge Health files for IPO Naomi Li Gan / Tech in Asia : Digital therap...
CB Insights: a record 1,200 VC-backed unicorns have yet to IPO or get acquired; Carta: fewer than 30% of 2021 unicorns raised funding in the past three years
LPs are often invested in multiple firms which hold the same company and have an 🦅👀 into this Dave Kellogg / @kellblog : Hunker, baby, hunker [embedded post] LinkedIn: Katie Roof : Wrote something for...
CB Insights: a record 1,200 VC-backed unicorns have yet to IPO or get acquired; Carta: fewer than 30% of 2021 unicorns raised funding in the past three years
The billion-dollar startup bubble is deflating, and more than $1 trillion in value is locked up in companies with dwindling prospects. Bluesky: @kellblog and @katieroof LinkedIn: Katie Roof , Erika Ha...
Digital marketing software company Ibotta closes up 17% at $103.25 per share in its trading debut, after raising ~$577.3M in an IPO priced above marketed range
Above Marketed Range X: Katie Roof / @katie_roof : Ibotta closed up 17% today, following Reddit and Instacart as only the 3rd internet IPO since 2021 Hans Tung / @hanstung : 1/ Congrats to @bryan_leac...
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...
Sources: after struggling to raise at a $4B valuation, Stability AI secured a convertible note worth less than $25M; Stability denies having fundraising issues
Stability AI, the artificial intelligence startup that has been struggling to raise funding at a $4 billion valuation … Twitter: @katie_roof and @lynnmdoan Twitter: Katie Roof / @katie_roof : Stabilit...
Sequoia Capital will establish the Sequoia Fund, which will hold all of its US and European investments, including stakes in public companies
Sequoia Capital, one of the world's oldest and most successful venture capital firms, is forming a single fund to hold all of its U.S. and European investments … Tweets: @xavierhelgesen , @katie_roof ...