Proterra, a Silicon Valley-based electric bus maker that may be eyeing an IPO, has a new fundraising round in the works that likely pushes the company to a unicorn-class valuation of $1 billion
, according to a monitor of high-value startups.
“If it’s fully funded, we’ve got them at just over a billion—$1.04 billion is where our valuation comes out,” Justin Byers, Prime Unicorn Index’s director of business analytics and valuations, told. Shares from the Series 8 round may be worth up to $6.9075, and it includes a “Senior” liquidation preference, he said.expanding beyond transit buses
The company hired underwriters from investment banks including JPMorgan Chase, Morgan Stanley and Deutsche Bank for an IPO that could happen this year,
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Klarna Becomes Europe's Most Valuable Fintech Firm With New $5.5 Billion ValuationSwedish payments startup Klarna has raised $460 million from investors who valued the company $2 billion higher than TransferWise and N26.
Read more »
Tesla considers raising prices in China from September: sourcesU.S. electric vehicle maker Tesla Inc is considering lifting its prices in China...
Read more »
Snap says it's raising $1 billion in convertible debtThe company, which owns the app Snapchat, says it plans to use the debt to fund stock repurchases and acquisitions.
Read more »
PG&E shareholders outline possible $15 billion share sale after widlfiresPG&E Corp shareholders are proposing raising $15 billion in equity to fund a pla...
Read more »
Snoop Dogg-backed firm Klarna becomes Europe's biggest fintech start-up valued at $5.5 billionSwedish online payments firm Klarna announced Tuesday that it has reached a $5.5 billion valuation, making it Europe's largest private fintech company.
Read more »
J.C. Penney faces NYSE delistingJ.C. Penney is at risk of delisting from the New York Stock Exchange, after shares of the company traded under $1 for a period of 30 consecutive business days.
Read more »