Industry News Update – Week of 9/24/2018:

Last week, Eventbrite raised $230 million in its IPO and the company was valued at $1.75 billion. Eventbrite’s shares closed at $36.50 on its first day of trading which represents a 59% increase compared to its original share price.

Farfetch raised $885 million in its IPO and the company was valued at $6.2 billion. Farfetch’s shares closed at $28.45 on its first day of trading which represents a 42% increase compared to its original share price.

Meituan Dianping raised $4.2 billion in its IPO. The company was valued at $50 billion after the company’s share increased 5% in its first day of trading.

Ola’s valuation increased to $4.3 billion after the company raised $50 million.

Postmates’ valuation increased to $1.2 billion after the company raised $300 million.

Coupang surpassed 1 billion 'Rocket Deliveries’.

Lyft reached 1 billion rides on September 18, 2018.

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

COUPANG

"Coupang Has Made 1 Billion Rocket Deliveries"

EVENTBRITE

"Eventbrite's IPO Is a Hot Ticket as Stock Surges 59% in First Day of Trading"

FARFETCH

"Luxury Fashion Marketplace Farfetch Closes at $28.45, up 42% on its First Day of Trading on NYSE”

LYFT

"Lyft Hits a Major Milestone: 1 Billion Trips"

MEITUAN DIANPING

"China's App for Everything Meituan Dianping Jumps in IPO"

OLA

"Ola Raises $50M at a $4.3B Valuation From Two Chinese Funds"

POSTMATES

"Postmates Raises Another $300M, Reportedly Valued at $1.2B"