Equity Equity Monday: Zoom buys Five9 as Robinhood sets IPO price range
Jul 19, 2021
This week brings exciting developments as Zoom makes a bold move by acquiring Five9 for $14.7 billion. The potential implications of this deal shake up market dynamics. In other news, Robinhood has revealed its IPO price range, adding to the buzz around tech valuations amid rising inflation and COVID-19 concerns. Meanwhile, significant funding rounds are making waves in India with investments in Lenskart and GlobalBees, along with a promising smaller deal in Nigeria. The private market is alive with activity!
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Zoom's Big Bet on Five9
- Zoom is acquiring Five9, a cloud contact center company, for $14.7 billion.
- This represents a significant investment, about 14% of Zoom's market cap, indicating high expectations for synergy.
Carlyle Acquires LiveU
- Private equity firm Carlyle is buying LiveU, a live streaming platform, for over $400 million.
- This is notable as LiveU's last significant funding round was in 2012, showcasing continued PE interest in non-unicorns.
Robinhood's IPO Timing
- Robinhood's IPO is progressing, aiming for a valuation of up to $35 billion and potentially raising $2 billion.
- This move is likely timed to capitalize on favorable market conditions despite Robinhood's recent controversies.