The pace of private companies seeking to go public has slowed nearly to a halt. In April, private companies filed only two S-1s. Despite the decrease in these filings, the number of startups in the pharmaceutical and biotech industry has held steady, representing nearly 50% of all S-1s filed since March 12, when COVID-19 was declared a national pandemic. Read more
The dual headwinds of digitization and falling consumer confidence now threaten survival for companies that already have credit issues. J.Crew has become the latest and highest-profile company to file for bankruptcy protection. Is any company immune from this dual-threat?
PrivCo is the premier financial data & services company that tracks US private companies with roughly $1M+ in annual revenues.
Since last week, PrivCo has added/updated:
767 Profiles updated
113 M&A added
117 Fundings added
Funding & Deal Highlights: ASAPP raises $185M in a Series B
Silver Lake to invest $750M in Indian Tech, Telecom Firm Jio Robinhood raises a $280M Series F funding round, valuing the firm at $8B. Fiduciary Trust International completes acquisition of Pennsylvania Trust Coupa acquires corporate travel app developer ETA Mitsubishi Chemical has agreed to acquire Gelest
Listen Technologies acquires ExXothermic, Inc. Hydro One acquires Orillia Power Distribution Corp, Peterborough Distribution
Neumann Sues Softbank
Softbank reneges on a 3B deal to purchase WeWork shares as the conglomerate’s financial position weakens [Read More]
Uber to lead a $170 million financing round in Lime
The investment would value Lime at $510M, down 79% from its $2.4B valuation [Read More]