DoorDash aims to raise $3.14 billion in much-awaited IPO

(Reuters) – Food delivery startup DoorDash Inc said on Friday it now expects to raise up to $3.14 billion in its U.S. initial public offering (IPO) after lifting its pricing range, signaling a frenzied interest from investors.



a person wearing a helmet: FILE PHOTO: A delivery person for Doordash rides his bike in the rain in the Manhattan borough of New York City


© Reuters/CARLO ALLEGRI
FILE PHOTO: A delivery person for Doordash rides his bike in the rain in the Manhattan borough of New York City

DoorDash, the biggest U.S. third-party delivery company for restaurants, plans to sell 33 million shares at between $90 and $95 apiece, it said in a regulatory filing https://www.sec.gov/Archives/edgar/data/1792789/000119312520309968/d752207ds1a.htm. It had earlier targeted a price range of between $75 and $85 per share.

Founded in 2013, DoorDash is backed by the Vision Fund managed by Japanese tech giant SoftBank Group Corp, venture capital firm Sequoia Capital and the Government of Singapore Investment Corp (GIC), Singapore’s sovereign wealth fund.

Video: DoorDash kicks off IPO roadshow with updated filing (CNBC)

DoorDash kicks

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Certara Seeks $500 Million U.S. IPO

Certara (CERT) and selling shareholders intend to raise an estimated $500 million in an IPO of its common stock, according to an S-1 registration statement.

Princeton, New Jersey-based Certara was founded to develop biosimulation software to assist biopharmaceutical companies in conducting virtual trials to predict how drugs might behave in patients.

Management is headed by William Feehery, Ph.D, who has been with the firm since June 2019 and was previously president of DuPont Industrial Biosciences

Below is a brief overview video of Certara:

Source: Certara

The firm’s primary markets include:

  • Biosimulation
  • Regulatory Science
  • Market Access

Certara has received at least $510 million from investors including EQT AB and Arsenal Investors.

The company pursues biopharmaceutical firms via a direct sales and marketing approach and had more 1,600 biopharma companies and academic institutions in 60 countries as customers as of the end of 2019.

Additionally, numerous regulatory authorities are customers, including the

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PubMatic Aims For $100 Million IPO

PubMatic (PUBM) intends to raise $100 million from the sale of its Class A common stock in an IPO, according to an amended registration statement.

Redwood City, California-based PubMatic was founded to enable real-time programmatic advertising transactions via its specialized purpose-built advertising database and delivery infrastructure.

The system exists to help publishers and application developers monetize their advertising placement inventory in an efficient and reliable manner across different devices and platforms.

Management is headed by co-founder and CEO Rajeev Goel, who was previously product marketing director at SAP AG (SAP).

Below is a brief overview video of PubMatic:

Source: PubMatic

The firm provides a sell side advertising infrastructure platform within the digital advertising ecosystem, as shown in the graphic below:

pubmaticoffering

In addition, PubMatic has integrated its system with demand side platforms such as The Trade Desk (TTD) and Google DV360 (GOOG).

PubMatic has received at least $96 million from investors

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Airbnb aims for $35 billion valuation in long-awaited IPO

(Reuters) – Airbnb Inc said on Tuesday it is aiming for a valuation of up to $34.8 billion in its initial public offering (IPO), in what would cap a stunning recovery in its fortunes after the U.S. home rental firm’s business was heavily damaged by the COVID-19 pandemic earlier this year.

FILE PHOTO: The Airbnb logo is seen on a little mini pyramid under the glass Pyramid of the Louvre museum in Paris, France, March 12, 2019. REUTERS/Charles Platiau/File Photo

In a regulatory filing, Airbnb set a target price range of between $44 and $50 apiece to sell 51.9 million shares, which would pull in $2.6 billion. Airbnb could end up selling $2.85 billion at the upper end of the range.

Of the shares being sold, Airbnb founders Brian Chesky, Joe Gebbia and Nathan Blecharczyk will together sell nearly $100 million worth of shares in the IPO launch.

Airbnb struggled

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17 Education & Technology Readies $288 Million IPO Plan

17 Education & Technology Group (YQ) intends to raise $288 million from the sale of ADSs representing its Class A stock in an IPO, according to an amended registration statement.

Beijing, China-based 17 Education was founded to develop an innovative hybrid offline-online model for tutoring K-12 students in China.

Management is headed by founder, Chairman and CEO Mr. Andy Chang Liu, who was previously principal of Shenyang New Oriental School, along with many years of education experience in offline schools.

The firm provides offline learning materials for free to more than 70,000 schools in China and those offline material service to onboard students into its online tutoring products, which now account for more than 90% of its revenues.

17 Education has received at least $1.37 billion from investors including Shunwei Capital, Fluency Holding, H Capital, CL Lion Investment, Esta Investments, Walden Investments Group and Long Great Holdings.

The firm provides

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WSGF – Vacaychella Analyst Report on New Short-Term Rental Tech Biz Coming Next Tuesday Prior to Airbnb IPO

The MarketWatch News Department was not involved in the creation of this content.

Dallas, Texas, Dec 01, 2020 (Newsfile Corp via COMTEX) —
Dallas, Texas–(Newsfile Corp. – December 1, 2020) – World Series of Golf, Inc. (OTC Pink: WSGF) (“WSGF”), in conjunction with its new sharing economy technology business focus serving the short-term rental market through its subsidiary, Vaycaychella, has engaged Goldman Small Cap Research to conduct ongoing analyst coverage. Goldman expects to issue an initial research report next week, on Tuesday, December 8th, 2020.

Barron’s reported today, “Airbnb is scheduled to price its initial public offering on Dec. 9 and trade Dec. 10, three people familiar with the situation said. The start-up is expected to trade on the Nasdaq Stock Market under the ticker ABNB. Morgan Stanley and Goldman Sachs are lead underwriters on the deal, according to Airbnb’s prospectus.”

Over the last three years, Vaycaychella has

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Oyo Has $1 Billion to Fund Operations Until IPO, CEO Tells Employees

(Bloomberg) — Ritesh Agarwal, founder and chief executive officer of Oyo Hotels, told employees the Indian startup is making progress in recovering from the coronavirus fallout and has about $1 billion to fund operations until an initial public offering.



A pedestrian walks past an Oyo hotel, operated by Oyo Hotels Japan G.K., in Tokyo, Japan, on Monday, Jan. 27, 2020. Oyo has drawn particular attention in SoftBank Group Corp.’s portfolio of startups because of its similarities to WeWork. Both are trying to change traditional real estate businesses with technology. Both have charismatic young founders. Now, skeptics say Oyo could also fall short, further undermining Son’s grand ideas about technology investing.


© Bloomberg
A pedestrian walks past an Oyo hotel, operated by Oyo Hotels Japan G.K., in Tokyo, Japan, on Monday, Jan. 27, 2020. Oyo has drawn particular attention in SoftBank Group Corp.’s portfolio of startups because of its similarities to WeWork. Both are trying to change traditional real estate businesses with technology. Both have charismatic young founders. Now, skeptics say Oyo could also fall short, further undermining Son’s grand ideas about technology investing.

The 27-year-old entrepreneur made the comments in a fireside chat with Oyo board member Troy Alstead, after the once high-flying company endured months of layoffs and losses as Covid-19 hammered its business. Oyo is one of the largest

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Seer Readies $150 Million IPO Plan

Seer (SEER) has filed to raise $150 million from the sale of its Class A common stock in an IPO, according to an amended registration statement.

Redwood City, California-based Seer was founded to develop instruments to analyze proteins for basic research and discovery.

Management is headed by co-founder and CEO Omid Farokhzad, M.D., who was previously Professor at Harvard Medical School and co-founded BIND Therapeutics, Selecta Biosciences and Tarveda Therapeutics.

Below is a brief overview video of proteomics research:

Source: Sensu Film

The firm is developing what it calls the Proteograph Product Suite, ‘which will leverage our proprietary engineered nanoparticle [NP] technology to provide unbiased, deep, rapid and large-scale access across the proteome.’

Investors in the firm have invested at least $167 million and include Maverick Capital, Invus Public Equities, aMoon Fund, Fidelity, Emerson Collective and T. Rowe Price.

According to a 2016 market research report by Grand View Research,

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Seattle biotech firm Silverback Therapeutics sets terms for IPO, looks to raise up to $151M

Laura Shawver, CEO of Silverback Therapeutics. (Silverback Photo)

Silverback Therapeutics plans to raise up to $151.8 million in its initial public offering, the Seattle-based company said Monday in an updated IPO filing.

The biotech firm will aim to sell 6.95 million shares at $17 to $19 per share. It would be valued at $566 million at the midpoint of the proposed stock price range.

Founded in 2016, Silverback uses a proprietary technology platform called ImmunoTAC to develop therapies that target specific areas of disease in a way designed to avoid damaging healthy tissue. Its lead product candidate, designated SBT6050, uses monoclonal antibodies to target breast, gastric and lung cancers. It’s currently in Phase 1/1b clinical trials, according to its IPO filing.

Silverback raised $210 million in venture capital over its lifetime as a private company, including an $85 million round in September, led by EcoR1 Capital; and a $78.5 million

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Paytm Money To Help Retail Investors Invest In IPO From Now

Paytm Money is targeting 8-10 per cent of applications market share in the first year of launch

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Homegrown digital transaction provider Paytm on Monday announced that its wholly-owned subsidiary Paytm Money now facilitates investments in initial public offerings (IPOs) in the country. The Vijay Shekhar Sharma-led company claims that this additional feature will benefit retail investors with wealth creation opportunities as they will seamlessly be able to seamlessly transact. The platform within the first year of launch is targeting 8 -10 per cent of applications market share.

The complete process of IPO application has been made online thus allowing retail investors to apply for IPO from the length and breadth of this vast country. The retail investors with the help

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