Mogu, a Chinese fashion e-commerce app backed by Tencent, is now targeting a $2 billion valuation in its U.S. initial public offering, lower than the $3 billion price tag in its last fundraising two years ago, Bloomberg reported. The new valuation target is also half of Mogu’s previous IPO valuation target of $4 billion back in April, according to Bloomberg. The steep decline in Mogu’s...
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Clubhouse Gets Investment Interest at $1 Billion Valuation
The race to invest in social audio app Clubhouse is on again. Venture capital firms have approached the startup’s founders in recent weeks about leading its potential next round of funding at a roughly $1 billion valuation, according to four people with knowledge of the discussions. Investors also have tried to buy Clubhouse shares from existing shareholders at an implied valuation of $1...
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