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Mobile Health Benefit Platform Accolade Seeks IPO, Has $620M Valuation

PYMNTS

So far, Accolade has raised over $230 million with a valuation of roughly $620 million, according to PitchBook. million members in such sectors as media, technology, financial services, transportation, energy, and retail. Accolade indicated that the number of shares being offered are not yet determined. 30, 2019. .

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10 Monday AM Reads

Barry Ritholtz

Venture-capital investments are plunging, along with valuations of prepublic companies. Barron’s ) • Why It’s So Hard for China to Shake the ‘Uninvestable’ Tag : In 2021, Goldman Sachs said the word was starting to feature in a number of client conversations about the country’s stocks.

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Asia Pacific private equity deal value down 44% in 2022

Future CFO

In all markets where buyouts dominate, the rising cost of deal financing was a key factor depressing the number of buyouts as central banks tightened credit, interest rates rose, and liquidity shrank,” said Tom Kidd, Bain & Company partner and co-author of the report, based in Singapore.

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Uber Updates App With Public Transit Options

PYMNTS

The rideshare giant has partnered with the Regional Transportation District (RTD) so that users in Denver can find real-time information and directions to local public transportation via the Uber app. Uber has announced that it is launching its first integration with public transit. billion by 2019.

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Southeast Asian digital economy hits $100B in revenue: Bain

Future CFO

These issues include a broader correction in valuations compared to the highs of 2021, uncertainty surrounding the profitability pathways of some companies and a challenging capital market environment which makes potential exits more difficult to achieve. billion, growing 47% YoY. growth opportunity of that of HVUs.

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China’s Meal Delivery Service Meituan Now Valued At $100B

PYMNTS

Hong Kong’s Meituan , a food delivery service, hit a valuation of $100 billion on Tuesday (May 26) as shares soared, according to TechCrunch. Meituan focuses on food delivery as well as smaller operations in travel and transportation, according to TechCrunch. The number of transactions have fallen 18.2 percent on average.

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Careem Raised $150M As Part Of A $500M Venture Capital Funding Round

PYMNTS

Careem, a transportation startup that is in 80 cities across the Middle East, has reportedly raised $150 million, closing a Series E venture capital funding round with $500 million raised. A separate source told TechCrunch the valuation is now $1.2 Plus, in our markets, if you look at the numbers, car ownership is also very low.