Houzz, Inc. Valuation To Fall After Latest Filing
Houzz, Inc., a Prime Unicorn Index component, recently filed a new Employee Plan Exemption Notice that went into effect on August 7th, 2024. This new plan specifies a price per share offered to employees of $3.70, which is a 40.6% drop from the company’s previous offering of $6.23 per share. This has led Houzz’s valuation […]
Cerebras IPO Update
In June, we issued a post discussing Cerebras Systems’ Series F-1 and IPO filing. Since then, the company has issued its own press release regarding the filing, and there has been more speculation on the timing of the listing. On July 31, Cerebras issued a press release disclosing that it had filed confidentially to go […]
Astera Labs Stock Continues To Fall From Peak
Astera Labs, Inc., a Prime Unicorn Index and Prime Unicorn 30 component, has seen its stock price and valuation fall significantly from its peak of $95.21 per share. After going public in March at $36 per share, Astera’s stock price quickly rose to more than double the initial price, hitting its peak within a week […]
Aurora Solar Acquires Lyra, Internal Valuation Jumps
On July 15th, 2024, Aurora Solar, Inc., a Prime Unicorn Index component, acquired Lyra Solar, a company focused on development and installation of solar power systems for residential and commercial properties. Lyra’s permit packaging software helps solar professionals create permit-ready plans, which will help Aurora reduce costs and complete projects more efficiently. Aurora’s new Employee […]
Q3 2024 Reconstitution Update
The Prime Unicorn Index and Prime Unicorn 30 completed their quarterly reconstitution this week, and in this post, we will highlight the changes to index components. The total component count has increased to 210, with twelve companies being newly added to the Prime Unicorn Index and four companies dropping out. The Prime Unicorn 30 also […]
JD Vance: VC to VP?
Last week, Donald Trump announced JD Vance as his running mate for the 2024 presidential election. While Vance is widely known for his bestselling memoir “Hillbilly Elegy” and his current role as a U.S. Senator from Ohio, many may not be aware that he spent a significant portion of his career in the world of […]
Placer.ai Sees a Slight Valuation Bump Through Series C-1 Authorization
Placer Labs (DBA: Placer.ai), a component of the Prime Unicorn Index, authorized a new Series C-1 on July 10, 2024, which is priced about 5.5% higher than its Series C preferred price. Placer.ai is a data analytics company specializing in providing location-based insights for businesses. By utilizing advanced geospatial technology and machine learning, they offer […]
Consortium Led By Goldman Sachs Invests In Multiple Index Components Via NEA Vehicle
Originally reported by Bloomberg on July 15th, 2024, a group of firms led by Goldman Sachs is investing $540 million into a vehicle created by venture capital firm NEA. The transaction enables NEA to provide liquidity to its partners and gives the investing firms exposure to multiple Prime Unicorn Index components, including Databricks, Plaid, Automation […]
ThoughtSpot Sees Valuation Drop Due To Secondary Market
ThoughtSpot, Inc., a Prime Unicorn Index component, has been marked down due to a secondary market transaction. According to Caplight data, a closed trade in June 2024 was completed at $6.80 per share, which is 73.67% less than their Series F price of $25.83 PPPS. This trade has led to ThoughtSpot’s valuation being slashed to […]
Public Components Update
Last week, we covered a handful of components that appear to be eyeing an IPO in the near future. However, much of this depends on the current performance of the public markets and, more specifically, other recent IPOs. The Prime Unicorn Index retains companies for a period after its IPO to mirror a traditional lockup […]