Industry News Update – Week of 10/16/2017

Last week, HelloFresh, a Berlin-based meal kit delivery service, announced its intent to raise $353 million in its IPO on the Frankfurt Stock Exchange and is expected to be valued at $1.8 billion when the company goes public later this month.

The Information reported Spotify’s mid-year financials on October 12th 2017. The company earned $2.2 billion in revenue during the first half of the year and is expected to earn $4.9 billion in 2017. The company's losses were between 100 million to 200 million euros in the first half of 2017.

Spotify also launched a real-time music-streaming and audience analytics mobile app for its music artists called Spotify for Artists. This app will allow music artists to view the number of streams of their new singles and albums in real-time and obtain critical information about their audience such as gender, location, age and more.

Lyft reached a major milestone on October 11, 2017 by surpassing 500 million overall rides.

SpaceX successfully launched two Falcon 9 rockets in 3 days. The company launched the SES-11/EchoStar 105, a satellite intended to provide HD and Ultra HD television service across US, and the 10 Iridium NEXT satellites, satellites intended to provide broadband to remote regions across the world,  into orbit. So far, the company has completed 15 launches in 2017.

The news articles and links presented below are available for your reference.

HELLOFRESH

"Blue Apron Competitor HelloFresh planning to Raise up to $353 Million in IPO"

LYFT

“Lyft has Now Delivered Half a Billion Rides"

SPACEX

"SpaceX Successfully Launches 2nd Rocket in 3 days"

SPOTIFY

“Spotify Launches an App for Artists With Real-time Streaming Data, Audience Demographics"

“Spotify Records Surging Revenues, Continued Losses in First Half of 2017"