Pre-IPO Sector – News Update – Week of 7/15/2019

Last week, Bird was attempting to raise $300 million since the company only has $100 million in cash.  It was revealed that the company generated $15 million with a net loss of roughly $100 million in Q1 2019.

Postmates hired Qatalyst Partners to explore an M&A exit to DoorDash, Walmart or Uber.

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

BIRD

“Bird’s Leaked Numbers Detail The High Price Of Scooter Growth”

POSTMATES

“Postmates Has Explored a Sale to Uber or DoorDash Instead of Going Public”