Pre-IPO Sector News Update

September 14, 2020

  • Last week, Airtable raised $185 million at a $2.58 billion valuation.

  • Tiktok was having advanced discussions to be acquired by Oracle.

  • Klarna was in talks with investors to raise a new funding round at a valuation greater than $10 billion.

  • Zymergen raised $300 million in its Series D round.

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Kirat Lall
Pre-IPO Sector News Update

September 8, 2020

  • Last week, Optimizely was acquired by Episerver.

  • Robinhood was under civil fraud investigation from the SEC for failure to disclose that the company sold customers’ orders to high-speed trading firms.

  • Wish filed documents for its upcoming IPO

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Kirat Lall
Pre-IPO Sector News Update

August 24, 2020

  • Kabbage was acquired by American Express.

  • Palantir’s leaked S1 revealed several insights into the company’s financials. The company generated $742 million in revenue in 2019 (25% increase compared to 2018 revenue) with a net loss of $580 million in 2019 (similar to 2018 net loss).

  • Robinhood raised $200 million at a $11.2 billion valuation.

  • SpaceX raised $1.9 billion at a $46 billion valuation.

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Kirat Lall
Rainmaker Securities, LLC Ranks No. 1948 on the 2020 Inc. 5000 With Three-Year Revenue Growth of 217 Percent

NEW YORK, August 12, 2020 – Inc. magazine today revealed that Rainmaker Securities, LLC is No. 1948 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.

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Dominic Cioffi
Pre-IPO News Sector Update

August 17, 2020

  • Last week, Blend raised $75 million at a $1.7 billion valuation.

  • Epic Games decided to sue Apple and Google once Apple and Google removed Fortnite from their app stores. Apple and Google decided to remove Fortnite since Epic Games declined to pay the transaction fee for Fornite’s in-app purchases.

  • Impossible Foods raised $200 million in a new funding round.

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Kirat Lall