Data management software provider Snowflake, which counts Salesforce among its backers, has gone public and its price doubled on the first day of trading.
Author: Kaloyan Andonov, Rob Lavine
Analysis: The big “whale” continues to swim
SoftBank emerged in the news last week with its sizeable bets in the equity derivative markets in the US. Despite some recent challenges, the telecoms conglomerate has been very active in large venturing deals this year as well.
Analysis: Summer IPO line-up
As the month of August draws to a close, last week we reported several initial public offerings (IPOs) which are lined up for the coming weeks along with some notable ones that have already taken place.
Analysis: Hippo gets $150m
The online home insurer raised a series E round backed by a host of corporate venture investors.
Analysis: Corporates scoring exits in fintech IPOs
Two fintech companies floated in early July 2020, giving an exit to corporate backers in what has been a good year for the sector.
Analysis: Perfect Day with a $300m series C round
Continental Grain-backed vegan food producer Perfect Day has raised $160m, increasing its series C round to $300m.
Analysis: Coty gives off $200m to KKW Beauty
Celebrity Kim Kardashian West’s beauty brand raised $200m at a $1bn valuation from beauty brand Coty.
Analysis: Mastercard buys Finicity for $825m
Mastercard will buy financial data technology provider Finicity in a deal that could reach $985m, giving Experian an exit. This is yet another large exits in this space this year after the acquisitions of Plaid and Credit Karma earlier.
Analysis: Rising interest in vaccine innovation
One vaccine developer, CureVac, has received a generous backing from Germany’s government-owned development bank KfW, while another – Vaxcyte – went public raising $250m.
Analysis: Legend Biotech raises $487m in IPO
GenScript Biotech’s spinoff Legend Biotech, which counts Eli Lilly and Johnson & Johnson as backers, floated in the US.
Analysis: Didi autonomous driving unit raises $500m
SoftBank led a $500m round for the driverless vehicle software spinoff of the ride hailing company Didi Chuxing.
Analysis: Rapid7 in $145m DivvyCloud deal
US-based cybersecurity software developer DivvyCloud agreed to be acquired by security analytics provider Rapid7 for $145m in a cash and shares transaction that will give an exit to mass media group Discovery Communications.
Analysis: Stripe gets paid $850m
Digital payment provider Stripe raised an extension to its series G round backed by Alphabet. The round is the latest in the payment tech space, which we have seen grow in the past decade.
Analysis: Cohesity gets $250m
Several corporate investors backed the latest $250 round raised by data management platform developer Cohesity at a valuation of $2.5bn. The deal is part of the dynamic broader space of big data technologies which have captivated the attention of corporates over the past decade.