Southeast Asia IPO Market Overview This year saw 152 IPOs, a 33 increase compared to the 114 IPOs in 2020. Houzz, which has raised over $650 million in funding to date, counts the likes of Sequoia Capital, New Enterprise Associates, GGV Capital and DST Global among its prominent backers. Capital markets across Southeast Asia recorded robust initial public offerings (IPOs) activity in 2021, having produced 152 IPOs which raised US13.3 billion in funds and US50.9 billion in market capitalisation. Its business later boomed as more users turned to it. Houzz was forced to lay off 10% of its staff at the onset of the pandemic, citing the impact on small businesses in the home renovation sector that form its core paid-user base. On Octo Houzz Inc, the US online home remodeling platform that capitalized on the boom in renovations during the COVID-19 pandemic, has hired Goldman Sachs to prepare for an initial public offering (IPO), in accordance to Reuters. To be sure, a Houzz IPO could face headwinds, as more people return to the office as the pandemic subsides, while soaring inflation makes remodeling more expensive.
Pinterest Inc has attracted the acquisition interest of PayPal Holdings Inc, which made a $45 billion offer for the online scrapbook and photo-sharing website, sources said on Wednesday. Houzz is among a spate of internet companies that benefited from people staying at home during the pandemic and shopping online. It offers subscriptions for those projects, and also sells furniture using third-party sellers. General Atlantic led the round, with support from new investor Generation Investment Management.
HOUZZ IPO 2021 SERIES
Houzz and Goldman Sachs declined to comment.įounded in 2009 by Adi Tatarko and Alon Cohen, Houzz operates a marketplace that is used by home renovation professionals to find home remodeling and improvement projects. Frances Back Market hits 3.2B valuation with Series D (Xuanyu Han/Getty Images) Back Market, the operator of a marketplace for refurbished electronics, has raised 335 million in a funding round, bringing its valuation to 3.2 billion. They asked not to be identified because the matter is confidential. To view Houzz’s complete valuation and funding history, request access. Houzz, which has raised over $650 million in funding to date, counts the likes of Sequoia Capital, New Enterprise Associates, GGV Capital and DST Global among its prominent backers.The sources cautioned that the timing of the IPO is subject to market conditions. Houzz was forced to lay off 10% of its staff at the onset of the pandemic, citing the impact on small businesses in the home renovation sector that form its core paid-user base. Houzz is aiming to go public early next year, the sources said. To be sure, a Houzz IPO could face headwinds, as more people return to the office as the pandemic subsides, while soaring inflation makes remodeling more expensive. In the first nine months of 2021, Latino startups from Brazil's online lender Nubank to Colombian delivery firm Rappi raised 14.8 billion in new money, a jump of 174 since last year, data. Houzz Inc, the US online home remodeling platform that capitalized on the boom in renovations during the COVID-19 pandemic, has hired Goldman Sachs to prepare for an initial public offering, people familiar with the matter said. As many as 15 IPOs delivered over 100 per cent returns. View information on the latest IPOs, expected IPOs, recent filings and IPO performance. If you have money in another currency, the most straightforward method to change it is via the mid-market rate (which may be found on Google), which can be done with a fintech provider such as Wise. Real-time information on initial public offerings (IPOs) by MarketWatch. Houzz is among a spate of internet companies that benefited from people staying at home during the pandemic and shopping online. Out of the 65 IPOs in the calendar year 2021, 45 gave positive returns and 20 gave negative returns as on December 30, 2021. In what currency Houzz IPO and post-IPO shares will be traded The Houzz IPO and stock trading currency will be USD. Mumbai: The year 2021 has been a bumper period for the Indian primary market with 63 companies collectively raising Rs 1.2 lakh crore through initial public offerings - the highest amount ever raised in a single calendar year. It offers subscriptions for those projects, and also sells furniture using third-party sellers. Rakesh Jhunjhunwala-backed Nazara Technologies has surged 109 from its IPO price of 1,101.
Houzz and Goldman Sachs declined to comment.įounded in 2009 by Adi Tatarko and Alon Cohen, Houzz operates a marketplace that is used by home renovation professionals to find home remodeling and improvement projects.
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