Latest Trends on Pre IPO Companies
Follow the news on the most interesting Pre-IPO companies
DataRobot and SBI Holdings Strengthen Partnership
DataRobot, a leading provider of AI solutions, and SBI Holdings, a pioneer of internet financial services in Japan, have announced plans to strengthen their partnership in the Asia Pacific region through a significant investment and the purchase of an expanded license to deploy DataRobot's single-tenant SaaS platform across several additional subsidiaries in the financial services sector.
SpaceX funding update
Is SpaceX going to raise money again soon, or is it done with fundraising for a while? Elon Musk’s ability to drive private equity to the company. As a result, billions of dollars have flown into SpaceX to continue its development of Starship and Starlink. Historically, space companies have been terrible investments, but now, you’re missing out if you aren’t investing in space.
OpenAI's Pre-IPO Share Buyback and Funding Round
OpenAI is an artificial intelligence research lab that has been making waves in the technology world for its impressive language models and groundbreaking research. As of January 2023, OpenAI was reportedly in funding talks with venture capital firms Thrive Capital and Founders Fund for a private tender sale of shares. The sale, in which investors would buy shares from existing shareholders such as employees, could amount to a total of $300 million and value the company at $29 billion, double its 2021 value.
Boxabl update, may 2023
The development of Boxabl represents progress toward the goal of creating more mobile, efficient, and eco-friendly dwellings.
Ripple released a solid first quarter XRP Market Report
Ripple resealed a solid first quarter XRP market report.
Ripple stock: what comes after the SEC?
The most obvious catalyst for a stock re-pricing would be an IPO, which would expose the business to a much wider pool of potential investors and analysts. In the past, Ripple has stated that they intend to submit an IPO application as soon as the SEC litigation is settled.
According to the previously released schedule, this would occur in the first half of 2023 if the matter is settled at summary judgment.
Plaid launched the first real-time payment solution: Instant Payouts on Plaid Transfer
Plaid has launched Instant Payouts, its first real-time payment solution, which is now available on its Transfer product.
Plaid's mission is to provide financial freedom for everyone, which means that people should be able to access their money when and where they need it, without having to pay exorbitant fees. Instant Payouts is a real-time, multi-rail payout solution that enables you to send funds instantly, 24/7 within the Transfer product.
Ripple IPO update
The XRP lawsuit may be heading towards a tie scenario.
Ripple is facing a lawsuit from the US Securities and Exchange Commission (SEC) that alleges Ripple illegally sold XRP as an unregistered security, raising $1.3 billion in the process. The lawsuit was filed in December 2020, and Ripple has been fighting it ever since.
Q1 23 Valuation At Market
The rules for “Valuation at Market©” are based on the PRE IPO CLUB LLC proprietary methodology: price inputs are derived from the 10 most active secondary brokers during the quarter, as well as publicly available information, such as federal filings (e.g., Form D), state filings (e.g., amendments to certificates of incorporation, limited offering exemption notices, employee plan exemption notices), and company disclosures (e.g., press releases, other public statements). The calculation model is based on actual or derived prices of preferred stock and common stock, which are validated by the fund manager. Corporate actions, such as bankruptcies, stock splits, reorganizations, mergers and acquisitions, and spinoffs, are monitored on a daily basis. Index values are calculated for each calendar month, but distributed on a quarterly basis, before the last day of January, April, July, and October.