Industry News Update – Week of 5/29/2018:

Last week, Adyen announced plans to go public in June on the Amsterdam stock exchange at a valuation between $7-$11 billion.

Rover's valuation increased to $970 million after the company raised $155 million.

Uber was holding a $600 million secondary sale at a $62 billion valuation. The company also generated $2.5 billion in revenue in Q1 2018 (a 67% increase relative to revenue in Q1 2017) and earned $304 million in net loss in Q1 2018 (roughly 50% decrease compared to net loss in Q1 2017).

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


"Payments Firm Adyen Plans June Listing Amid Flurry of Deals"


"Dog-sitting Startup Rover Just Raised $155M"


"Uber’s Raising up to $600M in a Secondary Round at $62B Valuation, Q1 Sales Grew to $2.5B"