This Week in Pre-IPO Stocks – 04 Nov 2022

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Pre-IPO stocks were down 1.65%, per the AG Dillon SIM Index, for the week ending 04 Nov outperforming S&P 500 at -3.25% and S&P 500 Growth at -5.67%.

Brex was down just under 13%, Databricks down 7%. Carta and Chime were both down 4% too. Stripe was up nearly 5%, Revolut was up 3.7%, and Flexport and Discord both up around 1.5%.
Pre-IPO stock were down 2.02% for the month of Oct vs the S&P 500 up 8.1% and S&P 500 Growth up 4.4%.

Large pre-IPO company news;
– Binance enters into letter of intent to buy FTX.
– Databricks and Canva make the first CNBC Top 25 Startups for the Enterprise list.
– Stipe lays off 14% of staff.

Capital raise highlights for the week;
– Project44, a logistics tech company, posted a $2.7b valuation.
– Einride, an electric autonomous truck company, closes GE as customer.
– Aventon, an e-bike company, books a 195% valuation increase.

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* Pre-IPO secondary pricing from ApeVue