Industry News Update – Week of 2/19/2018:

Last week, Farfetch planned to hire investment banks to underwrite its upcoming IPO that is speculated to value the company at $5 billion.

Magic Leap partnered with the NBA to allow consumers to view basketball games using Magic Leap’s cutting edge augmented reality technology.

SpaceX delayed its initial Starlink internet satellite launch which is expected to provide high-speed Internet across the globe.

Uber was in talks with Grab to sell its SouthEast Asia business in exchange for a sizable stake in Grab to improve its financials. Uber generated $7.5 billion in revenue and $4.5 billion in net loss in 2017. The company also had $6 billion in cash at the end of 2017.

Zscaler filed its S1 on February 16 2017 for its upcoming IPO where the company planned to raise $100 million.

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


“Fashion Unicorn Farfetch Will Soon Interview Bankers for its New York IPO"


"Magic Leap is Partnering With the NBA to Bring Virtual Basketball Games to its Goggles"


"What You Need to Know About SpaceX's Next Rocket Launch"


"Uber's Fourth-Quarter Loss Narrows to $1.1 Billion: Source"

“Uber Is Preparing to Sell Southeast Asia Unit to Grab in Exchange for Stake in Company: Sources”


"Cloud Security Company Zscaler Files for a $100 Million IPO"