Industry News Update – Week of 7/2/2018:

Last week, Xiaomi priced its IPO at 17 Hong Kong dollars (US$2.17) per share which is the bottom of its target price range of HK$17 to HK$22. The company’s shares will begin trading on July 9th.

Lyft's valuation increased to $15.1 billion after the company raised $600 million.

Bird's valuation increased to $2 billion after the company closed its recent $300 million funding round.

Peloton acquired Neurotic Media, a music marketing and distribution platform, to deliver innovate music features to its customers.

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

BIRD

"Scooter Startup Bird Raises $300 Million in Latest Funding Round"

LYFT

" Lyft Valued at $15.1 Billion After New Funding Round"

PELOTON

“Peloton Acquires Music Startup Neurotic Media"

XIAOMI

“Xiaomi Prices Hong Kong IPO at Bottom of Target Range”