E150: CoreWeave's $23B share sale, Revolut’s $45B stablecoin move, Neuralink's vision breakthrough, Alan’s $193M Series F, Lionsgate & AI film production, OpenAI x T-Mobile, Databricks’ $45.5B EU HQ, Canva's 300% price hike, Wiz’s new cloud security tool

This Week in Pre-IPO Stocks

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- Wednesday = secondary market valuations, revenue multiples, performance, index fact sheets
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00:07 | CoreWeave Plans Share Sale at $23B Valuation
- AI cloud computing company
- Share sale to allow existing shareholders to tender $400M-$500M
- Valuation increased from $19.1B in May 2024 to $23B (primary)
- Previously valued at $7B in December 2023
- Secured $7.5B credit facility from Blackstone and Carlyle in May 2024
01:05 | Revolut to Launch Stablecoin Amid $45B Valuation
- London-based online bank
- Plans to enter $119B stablecoin market dominated by Tether and USDC
- Recently received UK banking license, revenues reached $2.2B with 45M users
- Stablecoin may not be available in the U.S. due to regulatory issues
- Valuation: $45B (primary, Aug 2025)
01:57 | Alan Secures $193M in Series F, Valued at $4.5B
- French insurance tech company
- Raised $193M led by Belfius, with participation from Ontario Teachers’ Pension Plan and others
- Covers over 500,000 people; added 150,000 new customers since February 2024
- Expected to reach $500M annual recurring revenue
- Valuation: $4.5B (primary)
02:47 | Neuralink’s FDA Breakthrough Device for Restoring Vision
- Elon Musk's brain chip company
- Blindsight implant for blind patients received FDA "breakthrough device" status
- Device aims to restore low-resolution vision, similar to "Atari graphics"
- Also working on implants for paralyzed patients to control digital devices
- Secondary market valuation: $7.2B (+107% vs Nov 2023 round)
03:49 | Lionsgate Partners with Runway for AI-Driven Film Production
- Studio behind Hunger Games, John Wick, partners with AI startup Runway
- Runway provides custom AI models for storyboarding and special effects
- Expected to save millions in production costs
- First of its kind for Runway, reflecting broader AI adoption in Hollywood
- Runway in talks for new funding at $4.0B valuation (primary)
04:51 | OpenAI Partners with T-Mobile to Launch AI Platform, IntentCX
- Partnership to create AI-driven platform, IntentCX, enhancing customer retention
- Platform to leverage data from millions of T-Mobile subscribers
- Launch scheduled for 2025, aims to prevent churn and automate services
- OpenAI's valuation at $150B (primary)
05:39 | OpenAI’s Oversubscribed $6.5B Capital Raise
- OpenAI nearing completion of a $6.5B fundraising round
- New pre-money valuation set at $150B (primary), up from $86B earlier in 2024
- Investors include Microsoft, Nvidia, Apple, and Thrive Capital
06:21 | Databricks Opens European HQ, Valued at $45.5B
- AI data management company
- Opening new five-story European HQ in London to support 400 UK employees
- Valuation: $45.5B (secondary), +5.4% vs Nov 2023 round
07:01 | Canva Raises Subscription Prices by Over 300%
- Graphic design SaaS company
- Canva Teams subscription price increases from $120 to $500 annually
- New features include AI tools like Magic Studio; Pro and Enterprise plans unchanged
- Secondary market valuation: $27.6B (+6.3% vs Jan 2024 round)
08:02 | Wiz Launches Cloud Application Security Tool, Wiz Code
- Cloud security provider
- New tool integrates with developer environments to resolve cloud risks in code
- Enhances collaboration between security and development teams
- Valuation: $17.8B (secondary), +48.3% vs May 2024 round
08:55 | Pre-IPO Stock Market Weekly Performance
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09:47 | Pre-IPO Stock Vintage Index Weekly Pe