Cloudera, Carvana launch IPOs
Two venture-backed companies – Cloudera and Carvana – launched their IPOs today. Shares of Silicon Valley-based Cloudera, which provides enterprise data services, priced at $15 Thursday night and were up about 20 percent in early trading. Phoenix-based Carvana, which offers an online platform and network of “vending machines” for buying used cars, also priced shares at $15, but the stock fell about 13 percent in initial trading.
Didi confirms $5.5B fundraise
Didi Chuxing, also known as the Uber of China, confirmed that it raised $5.5 billion in fresh funding to fuel its global expansion and invest in emerging areas like artificial intelligence. Investors reportedly include Softbank Group, Silver Lake, China Merchants Bank and Bank of Communications. The deal is said to value Didi at more than $50 billion.
Many tech giants don’t buy startups
Large cap technology companies have a reputation as the go-to buyers for startups. But many tech giants actually do little or no acquiring. Crunchbase News looked at M&A data spanning over a decade to come up with a list of big companies least likely to buy your startup.
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