Industry News Update – Week of 10/1/2018

Last week, SurveyMonkey raised $180 million in its IPO and the company was valued at $1.46 billion. SurveyMonkey’s shares closed at $17 on its first day of trading which represents a 42% increase compared to its original share price.

Bitmain filed documents for its IPO on the Stock Exchange of Hong Kong.

Stripe's valuation increased to $20 billion after the company raised $245 million.

Slack's IPO is expected to occur in the first half of 2019.

Compass's valuation increased to $4.4 billion after the company raised $400 million.

Opendoor's valuation increased to $2.42 billion after the company raised an additional $400 million in its Series E funding round.

Lyft generated $909 million in the first half of the year (120% increase compared to the first half of last year) and its net loss increased to $373 million in the first half of the year (46% increase compared to the first half of last year).

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

BITMAIN

“Crypto Mining Giant Bitmain Reveals Heady Growth as it Files for IPO"

COMPASS

"Compass Nabs $400M, Valuing the Real Estate Technology Startup at $4.4B"

LYFT

"Understanding Lyft’s Recent Financial Performance"

OPENDOOR

"SoftBank Invests $400 Million in Home-Selling Startup Opendoor"

SLACK

"Slack Actively Preparing for Early 2019 IPO"

STRIPE

"Stripe, One of Silicon Valley's Hottest Startups, Just Raised a $245 Million Monster Round — Making it a $20 Billion Company"

SURVEYMONKEY

“SurveyMonkey's IPO Priced at $12/share“

“SurveyMonkey Surges 42% in Market Debut, Ends Trading at $17 a Share”