LATEST NEWS ON PRE IPO COMPANIES
follow the news on the most interesting pre ipo companies.
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.
New revenue model, what it means for EPIC Games IPO ?
EPIC Games, the makers of the popular game Fortnite and the game engine Unreal Engine, have announced the introduction of Creator Economy 2.0, a new system that will pay off 40% of Fortnite's net revenues to creators based on how much players engage with their islands. This move is estimated to be worth around $400 million per year.
Boxabl’s tiny houses cost under $50k and can be built in an hour
Boxabl has been impressive in the housing industry for its ability to set up tiny homes in just an hour and its relatively affordable price point of under $50,000.
The company wants to change the way people build homes by giving them a fast and cheap alternative to the traditional way.
Play with Lego or play with fire?
Fortnite’s Epic Has ‘Close to 20’ Crypto Games in Store Pipeline
Epic Games has embraced crypto-enabled games in its online marketplace, with the five on there already finding some popularity.
The partnership between Lego and Epic Games is a significant move in the world of gaming and metaverses.
Stripe was valued at $50 billion yesterday, but it is already trading at $45 billion today.
The capital raise from investors including Thrive Capital could be the largest private funding round in recent memory, marking a steep decline in the valuation of the fintech startup, which was valued at $95 billion in early 2021.
OpenAI announces GPT-4: the next generation of its AI language model
OpenAI has announced the release of its latest artificial intelligence (AI) model, GPT-4, which can process text and image inputs, as well as perform at a "human level" on various professional and academic benchmarks.
Automation Anywhere integrates Chat-GPT
Automation Anywhere's latest innovation is the integration of OpenAI's ChatGPT with its Automation Success Platform.
SAP rounds out data warehouse cloud functionality, renamed Datasphere
With partners Collibra, Confluent, Databricks and DataRobot, SAP wants to help enterprises create a unified architecture for data, whether it’s stored inside SAP’s cloud or elsewhere.
SAP’s Data Warehouse Cloud is evolving, gaining new features and a new name, Datasphere, as the company addresses continued diversification of the enterprise data.
Instacart to add ChatGPT bot to its app
Set to launch later this year, the company’s “Ask Instacart” feature will allow customers to ask about groceries and meals and get shoppable answers.
Instacart is adding OpenAI’s ChatGPT chatbot technology to its app, jumping on the bandwagon of many companies doing the same — plugging in the AI language tool in a move to offer automated customer service and marketing solutions.
Lego to unveil metaverse details with Epic Games soon, CEO says
Lego, already a major investor in Epic Games, plans to announce in the near future its plans for a metaverse virtual world venture with Epic, according to The Financial Times in London.
Rubrik Launches Transform Partner Program for data security
New program enables partners to help customers defend against cyberattacks
Rubrik, the Zero Trust Data Security Company, is introducing the Rubrik Transform Partner Program aimed at strengthening its commitment to data security, empowering partners to become trusted data security advisors and helping improve the cyber readiness, resilience, and recovery for their customers.
Kraken is on track to launch bank 'very soon' despite regulatory 'weird place'
Kraken is moving ahead with plans to launch its own bank despite a challenging regulatory environment and the recent shuttering of its on-chain staking services for U.S. clients to settle U.S. Securities and Exchange Commission charges that it violated securities laws.
SpaceX's Starlink is revolutionizing the satellite internet market
Starlink by SpaceX has emerged as a leading satellite Internet service provider, providing high-speed internet to areas that previously had little to no access.
SpaceX is uniquely positioned to dominate the satellite internet market due to its reusable rocket technology, which enables the company to launch satellites faster and more cost-effectively than any other company on the planet.
Epic Games: Pre-IPO Stock Market Update
Epic Games, an American video game and software developer and publisher, has produced some of the most successful and widely popular games in the market. The company also operates a digital video game store and a 3D software engine, called Unreal Engine, which is focused on the Metaverse.
As the company gears up for its initial public offering (IPO), investors should keep a close eye on its financials, including valuation, revenue, and growth potential.