Technology

Upstart Holdings, an AI-driven lending platform, launched its IPO at $20.00 per share on the NASDAQ at an approximate valuation of $1.5B. On the first day of trading, Upstart’s stock increased by 47% from the IPO price to $29.47 per share. [more]

Last month, Hyundai Motor Group, a South Korean multinational conglomerate, announced an agreement to acquire a controlling interest in Boston Dynamics from SoftBank. [more]

Dye & Durham, a Canadian LegalTech company that recently launched an IPO, announced the acquisition of DoProcess for $530M. Shortly after, Dye & Durham announced another acquisition with a majority stake investment in Courthouse Solutions. [more]

ContextLogic, the parent company of Wish, a global ecommerce platform, recently opened on the NASDAQ at $22.76 per share, 5% below its IPO price. Wish’s IPO was priced at $24.00 per share, which provided gross proceeds of $1.1B at an approximate valuation of $17B. [more]

ServiceNow, a U.S. cloud-based software company, announced the acquisition of Element AI, a Canadian artificial intelligence software company. The acquisition involves plans to build the first AI Innovation Hub in Canada. [more]

This week, Airbnb, a U.S. technology company with a home rental platform, IPO’d on the NASDAQ under the ticker “ABNB”. Airbnb recently raised its IPO offering price to $68 per share, valuing Airbnb as much as $50 billion. [more]

C3.ai, a U.S. enterprise AI software provider, listed on the NYSE under the ticker “AI”. C3.ai raised proceeds of over $650M with an approximate valuation of $4B. [more]

Lordstown Motors, an EV start-up based in the U.S., listed publicly on the NASDAQ through a merger with DiamondPeak. Lordstown’s stock has increased by 39% since it started trading publicly last month. [more]