Illustration: Aïda Amer/Axios
Slack and Uber both submitted highly-anticipated SEC filings this morning, related to public listings that are expected to hit the New York Stock Exchange next month. Here's the quick breakdown:
This is not an IPO, per se, even though it would be the first opportunity for retail investors to buy shares. Instead it's a direct listing, similar to what Spotify did last April.
💰 Cold cash: Private equity investor Bill McGlashan now stands poised to lose even more than his freedom, over his alleged role in the college bribery scandal.
Former employer TPG yesterday decided to strip him of both his vested and unvested interests in its TPG Growth and TPG Rise funds, which could be worth tens of millions of dollars.
Axios first broke the news yesterday, and you can read our full story here.
🌎 Where in the world? I'll be writing the next several issues from Los Angeles, where on Monday I'll moderate a "Year of the Unicorns" panel at the Milken Global Conference. If you see me wandering the Beverly Hilton hallways, be sure to say hello.
🎧 Pro Rata Podcast digs into how measles returned to the U.S., nearly 20 years after being eradicated, and what comes next. Listen here.
Magic Leap, the Florida-based augmented reality company, raised $280 million in new funding from Japan’s NTT DoCoMo.
• AppSheet, a Seattle-based no-code app platform, raised $15 million in Series A funding. Shasta Ventures led, and was joined by NEA. http://axios.link/KqRz
• Wheely, a London-based luxury ride-hail startup, raised $15 million in Series B funding led by Concentric. http://axios.link/v5pt
• AskNicely, customer experience platform with offices in Oregon and New Zealand, raised $10 million in Series A funding. Nexus Venture Partners led, and was joined by return backers Blackbird Ventures and K1W1. http://axios.link/0BYP
• Starry, a Boston-based wireless broadband startup, is raising upwards of $125 million at a pre-money valuation of $745 million, per a Delaware filing. Including backers include FirstMark Capital and IAC. http://axios.link/vXBF
• Advent International, CVC Capital and Lone Star Funds are among those that have expressed interest in the European distribution arm of Irish building materials company CRH, which could fetch around €2 billion, per Reuters. http://axios.link/lan2
• EQT Partners offered €631 million to acquire a majority stake in listed Spanish entertainment park operator Parques Reunidos. http://axios.link/z4vd
• LLR Partners invested in Magaya, a Miami-based provider of supply chain, cargo and warehouse management software. www.magaya.com
🚑 Covance, a contract research unit of LabCorp (NYSE: LH), agreed to buy out the CRO business of Envigo for $485 million. http://axios.link/B6wh
⛽ Noble Energy (NYSE: NBL) is seeking a buyer for pipeline operator Noble Midstream Partners (NYSE: NBLX), which has a market cap of around $1.5 billion, per Reuters. http://axios.link/u0jw
⛽ Petrobras of Brazil agreed to sell 50% of its E&P rights in two offshore fields to Malaysia’s Petronas for $1.29 billion. http://axios.link/uoik
• Walt Disney Co. (NYSE: DIS) is in talks to buy the remaining 30% in streaming service Hulu from Comcast (Nasdaq: CMCS), per CNBC. http://axios.link/YRRd
• Five Elms Capital, a Kansas City-based private equity firm focused on founder-owned software companies, raised over $300 million for its fourth fund. http://axios.link/oS05
• Mubadala Investment Co. launched a $1 billion fund to invest in opportunities originating in the United Arab Emirates. http://axios.link/UyfH
• NFX is raising up to $275 million for its second early-stage VC fund, per an SEC filing. www.nfx.com
• Jason Cunningham joined Argosy Private Equity as VP of business development, per his LinkedIn page. He previously was with Broad Run Capital. www.argosyprivateequity.com
• Eric Glass stepped down as head of private markets with the $40 billion Arizona State Retirement System, in order to launch a real estate investment firm, per PE International. http://axios.link/iZjP