Welcome to the November 2020 issue of The Dealmaker.
A quartet of consumer-focused Silicon Valley unicorns filed for IPOs. It was assumed that 2019 would go down in the history books as a year of unprecedented VC-backed IPOs. Even if the pipeline was just as packed in 2020, one might have reasonably expected the pandemic to postpone some plans. Instead, this golden age of unicorn IPOs just keeps going.
Here are some of the most important M&A news we have read this month:
- PNC to become fifth-largest US bank with $11.6bn BBVA deal – Financial Times
- Airbnb’s IPO: Everything You Need to Know – The Wall Street Journal
- 8 big things: Is Proposition 22 the future of the gig economy? – Pitchbook
- Blackstone expands China logistics footprint with $1.1 bln investment – Finance Asia
- UK electric vehicle maker Arrival is going public via SPAC at a $5.4 billion valuation – CNBC
- Baidu to buy JOYY’s live-streaming business in China for $3.6 billion – Reuters
- Lakshmi Vilas Bank put under moratorium, to be merged with DBS – VC Circle
- Walmart sells majority stake in Japanese supermarket chain – Financial Times