5 Minute Pre-IPO Stock Update - Week of Nov 4, 2022 | E4

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Pre-IPO news for the week of Nov 4, 2022.

Pre-IPO stocks were down 1.65% for the week, per the AG Dillon SIM Index, 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.

Aaron Dillon is the general partner of the AG Dillon Pre-IPO Equity Venture Capital Fund. AG Dillon & Co is a venture capital asset manager and publisher of the AG Dillon Pre-IPO Indexes.