Industry News Update – Week of 10/23/2017

Last week, MongoDB's IPO raised $192 million and the company was valued at $1.18 billion. MongoDB’s shares closed at $32.07 on its first day of trading which represents a 34% increase compared to its original share price.

Stitch Fix, San Francisco-based clothing subscription company, filed for its IPO and plans to be listed on NASDAQ with "SFIX" as its ticker. This upcoming deal is being underwritten by Goldman Sachs and J.P. Morgan.

Lyft raised $1 billion from Google to further develop its autonomous vehicle technology. The post-money valuation of the round was $11 billion.

Grab raised $700 million in debt to increase the number of drivers on its platform by buying vehicles for its drivers to lease.

WeWork bought Flatiron School, a platform that offers coding classes, to allows its members to enhance their coding skills and further develop their resumes.

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

GRAB

"Grab Raises $700M in Debt to Add More Drivers to its Ride-hailing Service in Southeast Asia”

LYFT

“Alphabet Leads a $1 Billion Investment in Lyft”

MONGODB

"MongoDB Finishes up 34% in Database IPO”

STITCHFIX

“Stitch Fix, With Nearly $1 Billion In Sales, Files For An IPO"

WEWORK

“WeWork Acquires Flatiron School"