Industry News Update – Week of 12/24/2018:

Last week, Juul sold 35% stake to Altria Group for $12.8 billion. Following this deal, Juul's valuation rose to $38 billion.  

Livongo hired Zane Burke as its new CEO. He previously worked 18 years at Cerner Corporation where he was the President of the company for the past 7 years.

Pinterest was having preliminary discussions with bankers to select its underwriters for its upcoming IPO which could happen as early as April 2019.

SpaceX's valuation rose to $30.5 billion after the company raised $500 million to develop its Starlink satellite network.

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


“Juul Labs Gets $12.8 Billion Investment From Marlboro Maker Altria Group"


“Livongo Names Zane Burke Chief Executive Officer"


“Pinterest is Talking to Bankers and has Hired a Key Exec as it Readies Itself for a 2019 IPO"


"SpaceX Raising $500 Million, Pushing Valuation to $30.5 Billion: Report"