![]() ![]() The deal includes $910 million of fully committed funding from multiple institutional investors as well as Uber, a strategic backer. ![]() Joby Aviation, a Santa Cruz, California-based company developing electric aircraft, announced plans to go public on the New York Stock Exchange through a merger with a SPAC called Reinvent Technology Partners. Joanna Glasner Joby Aviation to go public via SPAC Its last private valuation, as of January was reportedly around $29.5 billion. The decision was motivated in part by concerns that giant first-day pops by companies like Airbnb and DoorDash made it hard to settle on the appropriate initial offering price for shares, The Wall Street Journal reports.įounded in 2004, Roblox has previously raised at least $856 million in known private funding, per Crunchbase data. San Mateo, California-based Roblox had originally planned for a traditional public offering, but has opted instead to go public via a direct listing. The company is expected to make its market debut March 10. Roblox, the online game and game creation platform, is back on track for a public market debut after delaying plans for its public offering last year. Subscribe to the Crunchbase Daily Roblox direct listing debut planned for March 10 Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know. ![]()
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