Business & Economy Startups Today’s top tech news, April 26: Uber aims for US$80B-90B valuation in...

Today’s top tech news, April 26: Uber aims for US$80B-90B valuation in IPO




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Apart from Uber, we also have updates from Hijabenka, Deal Street Asia, and SelenaGO


Uber aims for IPO valuation for as much as US$90B – Bloomberg

Ride-hailing giant Uber is aiming for a valuation of about US$80 billion to US$90 billion in its upcoming IPO, according to a report by Bloomberg, citing people familiar with the matter.

The valuation is just above the company’s last private funding round of about US$76 billion.

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The sources also stated that the company is planning to start marketing shares to potential investors in a price range of about US$44 to US$50 each.

Uber could aim to raise about US$8 billion to US$10 billion in the listing, though the final details of the pricing may still change.

Nikkei buys majority stake in DealStreetAsia – e27

Nikkei Inc today announced that it has acquired a majority stake in Singapore-based media startup DealStreetAsia.

The deal is facilitated by Nikkei Group, which owns the Financial Times (FT) and publishes the Asian news in English under the title Nikkei Asian Review.

DealStreetAsia reports on private equity, venture capital activity, deal flows, fundraising, and startup news across Southeast Asia and India.

With the acquisition, Nikkei said that it also strengthens Nikkei and FT’s arm of corporate news and data service scoutAsia.

Also Read: Today’s top tech news, March 22: Uber, Pinterest reportedly eyeing NYSE for listing

Indonesian modest fashion e-commerce platform Hijabenka opens offline store – Press Release

Indonesian modest fashion e-commerce platform Hijabenka opened its first offline retail store at Kota Kasablanka Mall in South Jakarta.

The company aims to implement the O2O strategy as used by its sister company Berrybenka.

Hijabenka no longer offer products made by other companies on their platform since Q4 2018, and have begun producing its own fashion line. It aims to fulfill the needs of their customers by releasing a new collection every two weeks.

Indonesian leisure marketplace SelenaGO raises seed funding – e27

Indonesia-based leisure marketplace SelenaGO today announced an undisclosed seed funding round from UMG Idealab, the corporate venture capital arm of UMG Myanmar, a producer and distributor of agricultural heavy equipment.

The company stated that it will use the funding for wider market penetration, starting from Jogjakarta as one of the main tourism cities in Indonesia.

SelenaGO’s platform aims to enable event organisers or service providers to ditch manual ticket management. It lets users register as sellers, fill in the activity or event details, and arrange the schedule of the activities while SelenaGO acts as the event promoter.

Image Credit: Dan Gold on Unsplash

The post Today’s top tech news, April 26: Uber aims for US$80B-90B valuation in IPO appeared first on e27.

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