Industry News Update – Week of 6/18/2018:

Last week, Adyen raised 947 million euros ($1.1 billion) in its IPO and the company was valued at $8.3 billion. Adyen’s shares closed at €455 on its first day of trading which represents a 90% increase compared to its opening share price.

Avalara raised $180 million in its IPO and the company was valued at $1.56 billion. Avalara’s shares closed at $44.94 on its first day of trading which represents a 87% increase compared to its original share price.

Bloom Energy has filed documents for its upcoming IPO.

Grab’s valuation increased to $10 billion after the company raised $1 billion in a funding round led by Toyota.

Opendoor raised $325 million in its Series E funding round.

WeWork is raising funds at a $35 billion valuation.

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

ADYEN

“PayPal Rival Adyen Surges 90 Percent in IPO with Valuation Topping $15 Billion“

AVALARA

“Tax Software Company Avalara Nearly Doubled in its First Day of Trading”

BLOOM ENERGY

“Bloom Energy Files for IPO"

GRAB

“Southeast Asia’s Grab Lands $1B From Toyota at a $10B Valuation"

OPENDOOR

"Opendoor Raises $325M to Make Buying and Selling Homes a Near-instant Process"

WEWORK

"WeWork Is Raising Funds at $35 Billion Valuation, SoftBank Executive Says"