South Korean game developer Krafton Inc prices IPO at top of indicative range, to raise $3.75 billion

On Thursday, South Korean game developer Krafton Inc said, it had priced its initial public offering (IPO) at the top of its indicative range to raise $3.75 billion (4.3 trillion won). Krafton’s shares were priced at 498,000 won compared with a range of 400,000-498,000 won per share. Despite the target cut, it is the second-biggest…

Database software company Couchbase eyes US IPO, valued more than $900M

In a statement database software company Couchbase Inc said, it plans on raising $161 million through an initial public offering, which could see the company valued at more than $900 million. As per its regulatory filing, Couchbase, whose investors include GPI Capital, North Bridge Venture Partners and Accel, plans on selling 7 million shares in…

Electric-truck startup Rivian Automotive Inc chasing $70 billion valuation in potential IPO

Rivian Automotive Inc, an electric-truck startup is targeting a valuation of around $70 billion in its potential initial public offering later this year. Earlier this year in January, Amazon.com Inc and Ford Motor Co-backed Rivian had a valuation of $27.6 billion, following a $2.65-billion investment round led by T. Rowe Price. Rivian has hired advisers including…

Volkswagen weighs potential listing of Porsche AG, in push towards electric vehicles

According to a source familiar with the matter at hand, Volkswagen is weighing options which includes listing of its luxury car division Porsche AG which will provide it sufficient liquidity towards electrification of its vehicles. “Those considerations exist,” said the source said while cautioning that they are still not being actively discussed in committees; any…

Cloud security startup SentinelOne’s valuation touches $3 billion in latest funding round

In an interview, Tomer Weingarten, the CEO of SentinelOne said, the startup has raised $267 million from venture capital backers including Sequoia and Tiger Global, and saw its valuation jump to more than $3 billion – nearly three times its valuation in February 2020. The startup uses artificial intelligence technology to protect mobile phones and…

Airbnb hires former Apple designer Jony Ive ahead of anticipated IPO

In a statement Airbnb Inc stated it was hiring former Apple designer Jony Ive and his firm to design new Airbnb products and services, under a multi-year contract agreement, Incidentally, Ive was a close creative collaborator with Apple Inc’s co-founder Steve Jobs and has spent nearly three decades in Cupertino leading the design of the candy-colored…