Pre-IPO Sector – News Update – Week of 2/18/2019:

Last week, Uber reported that the company generated $11.3 billion in revenue and posted an adjusted net loss of $1.8 billion in 2018.

Didi Chuxing posted a net loss of 10.9 billion yuan ($1.6 billion) in 2018. The company was planning to lay off 15% of its workforce in 2019.

DoorDash was raising $500 million at a valuation of more than $6 billion.

Opendoor raised roughly $200 million at a $3.7 billion valuation.

Peloton was interviewing banks for its upcoming IPO.

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

DIDI CHUXING

"China’s Didi Reportedly Lost a Staggering $1.6 Billion in 2018"

“China Ride-hailing Giant Didi to Lay off 15 Percent Staff this Year: source”

DOORDASH

“"DoorDash Said To Be Raising $500M At $6B+ Valuation"

OPENDOOR

“ Opendoor Files to Raise Another $200M at a $3.7B Valuation, Documents Show”

PELOTON

"Peloton Interviews Banks for IPO"

UBER

"Uber's Growth Slowed Dramatically in 2018”