E64: Arm up 25% on IPO, Databricks raises at $43b, Starlink revenue up 533%, Dimon tells founders to “grow up”, | Pre-IPO Stock Market Update – Sep 15, 2023

Send us Fan MailInvesting in pre-IPO stocks = www.agdillon.com00:10 | Arm up 25% on IPO- Arm is 90% owned by Softbank- IPOed at $54.5b, closed at $65b- Last round at $64b in Aug 2023- Apple, Google, Nvidia purchased $735m of shares01:37 | Dimon tells founders to “grow up”- Dimon says 2020/2021 valuations were overpriced- “…if you can go public, you want to go public, you need to go public, don’t wait too long.”02:15 | Databricks raises at $43b- $500m led by TRowe, Nvidia participated- +13% from last round in Aug 2021, +39% from Oct 2022 internal valuation- Company is eying the IPO market03:17 | Starlink revenue up 533%- $1.4b in 2022 revenue, up from $222m in 2021- On track for 2.5m subscribers by end of 2023, averaging 127,000 new subscribers per month- 37% of world’s population (3 billion people) has zero access to the internet04:23 | Big capital raises- Ola Electric (www.olaelectric.com) | $140m Series E, $5.4b valuation- Getir (www.getir.com) | $500m Series G, $2.5b valuation- Ascend Elements (www.ascendelements.com) | $460m Series D, $1.4b valuation- Zopa (www.zopa.com) | $96m Series J, $1.1b valuation- Imbue (www.imbue.com) | $200m Series B, $1.0b valuation05:51 | Pre-IPO +0.58% for week- IPO Watch:...Arm (Sep 14) = $54.5b IPO valuation << $65.2b first day public close, last round $64b in Aug 2023...Instacart (Sep 19) = $9.3b IPO valuation << $12.4b 2ndary valuation, last round $39b Mar 2021...Klaviyo (Sep 20) = $8.4b IPO valuation << $4.3b 2ndary valuation, last round $9.5b Jul 2022- Week winners: Chime +15.0%, Flexport +3.5%, Brex +3.1%, Ramp +2.1%, Rippling +2.0%- Week losers: Airtable -6.2%, Databricks -5.1%, Klarna -3.3%, Anduril -2.2%, Discord -1.2%- Top valuations: ByteDance $210b, SpaceX $153b, Stripe $51b, Databricks $33b, OpenAI $32b