Pre-IPO Sector – News Update – Week of 3/25/2019:

Last week, Pinterest and Zoom filed to go public.

Glossier, UiPath, Rent the Runway and Opendoor raised new funds. Glossier's valuation increased to $1.2 billion after the company raised $100 million. Following its $400 million funding round, UiPath's valuation surpassed $7 billion. Rent the Runway's valuation increased to $1 billion after the company raised $125 million. Following its $300 million funding round, Opendoor's valuation increased to $3.8 billion.

Wish generated $1.9 billion in revenue in 2018.

Peloton was sued by music publishers for $150 million for using unlicensed music.

Robinhood acquired MarketSnacks, a financial podcast and newsletter, to enhance its news coverage and increase discovery within its platform.

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

GLOSSIER

“Glossier Triples Valuation, Enters Unicorn Club With $100M Round"

Opendoor

"Opendoor Raises $300M On A $3.8B Valuation For Its Home Marketplace"

Peloton

"Music Publishers Sue Peloton For Using Unlicensed Lady Gaga, Justin Timberlake Songs"

Pinterest

"Pinterest Is Growing, But Not As Fast As Twitter Or Snap Were When They Filed Their Ipos"

Rent the Runway

"Rent The Runway Hits A $1 Billion Valuation"

Robinhood

"Exclusive: Robinhood Made Its First Acquisition Ever — And It’s A Financial Newsletter"

Wish

"Meet The Billionaire Who Defied Amazon And Built Wish, The World’s Most-Downloaded E-Commerce App"

UiPath

"Robotics Process Automation Startup Uipath Raising $400M At More Than $7B Valuation"

Zoom

"Hot Video Meeting Startup Zoom Filed To Go Public, And It's Profitable"