Industry News Update – Week of 7/9/2018:

Last week, Xiaomi raised $4.7 billion in its IPO and the company was valued at $54 billion. Xiaomi ’s shares closed at HK$16.80 ($2.14) on its first day of trading which represents a 1.2% decrease compared to its original share price.

Juul was planning to raise $1.2 billion at a $15 billion valuation.

Bloom Energy planned to raise $252 million in its IPO at a price range of $13 to $15 that would value the company at roughly $1.5 billion.

Sonos and Tencent Music Entertainment have both filed documents for their upcoming IPOs.

Uber held preliminary discussions to merge its Middle East business with Careem.

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

BLOOM ENERGY

"Bloom Energy Sets Terms for $252 Million IPO"

JUUL

"E-Cigarette Maker Juul Labs is Raising $1.2 Billion"

SONOS

"Sonos, the Smart Speaker Company, Files for an IPO — on Track to do Over $1 Billion in Revenue This Year"

Tencent Music Entertainment

“China’s Largest Music Streaming Business is Planning a US IPO"

UBER

"Uber Is in Talks With Careem to Merge in Middle East"

Xiaomi

“Chinese Smartphone Maker Xiaomi Falls in Hong Kong Trading Debut"