Uber, Lyft and Palantir are among a growing number of high-profile technology companies on track for initial public offerings next year. Deals in planning stages or in the IPO pipeline indicate valuations could exceed $100 billion.
Uber sold $2 billion of bonds in its first trip to the bond market. The private offering was originally for $1.5 billion, but underwriter Morgan Stanley expanded it to $2 billion in response to strong demand from investors.
Vacasa, a startup that handles property management for people who rent out homes to travelers, raised $64 million in its most recent funding round. The capital will fund the company's expansion into real estate sales.
Future Family, a startup that aims to reduce the cost of fertility services, raised $10 million in its most recent funding round. CEO Claire Tomkins said most of the money would go toward arranging partnerships with more fertility clinics and expanding the startup's monthly subscription program offerings.
Careem, a startup that provides ride-hailing services in the Middle East, North Africa, Pakistan and Turkey, raised $200 million in its most recent funding round. A source said the company now has a valuation exceeding $2 billion.
Niu Technologies, a Chinese electric-scooter startup, sold $63 million worth of American depositary shares in its US initial public offering. The shares were originally marketed with a $10.50 to $12.50 suggested price range, but for the offering, they priced at $9.
European stock exchange operator Euronext has been talking to Italian tech startups about the advantages of going public on its Paris exchange, and at least 11 companies have expressed interest. Euronext is running a training program to get them ready for a Paris initial public offering.
Incorta, a data analytics startup, raised $15 million in an extension of a funding round that included an investment from Microsoft's M12 venture capital fund. Incorta says its technology lets companies create reports "within minutes as opposed to weeks."
Jane VC, a new venture capital fund looking for opportunities to invest in early-stage startups with female founders, doesn't want entrepreneurs to worry about getting a "warm introduction" in order to make a pitch. With Jane VC, a cold email will be just fine.
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