Industry News Update – Week of 8/6/2018:

Last week, Sonos raised $208.50 million in its IPO and the company was valued at $1.50 billion. Sonos’s shares closed at $18.50 on its first day of trading which represents a 20% increase compared to its original share price.

Peloton's valuation increased to $4.15 billion after the company raised $550 million to expand its international presence.

Grab's valuation increased to $11 billion after the company raised an additional $1 billion.

Didi Chuxing invested $1 billion in Xiaoju Automobile Solutions Co., its auto-services business.

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

DIDI CHUXING

"China's DiDi Refuels Its Auto Services Business with a $1 Billion Investment"

GRAB

"Grab Picks up $2 Billion More to Fuel Growth in Post-Uber Southeast Asia"

PELOTON

"Peloton Raises $550 Million in Funding Round Led by TCV"

SONOS

“Sonos Sees Modest Gains on First Day of Trading"